Oil prices near 50 as US offers SPR loan in Ivan relief
Oil prices edged toward 50 as the Bush administration offered to tap the Strategic Petroleum Reserve for refiners hit by Hurricane Ivan. The move marked the first government SPR loan in almost two years. Analysts said the price impact would depend on loan size, likely small, with light crude near 48.46 dollars for November on the Nymex after an intraday high of 49.
MENTIONED IN THIS ARTICLE
Ivan
Strategic Petroleum Reserve
New York Mercantile Exchange
Indicators Signal Slackening in August Economic Recovery
The Conference Board reported the Composite Index of Leading Economic Indicators fell 0.3 percent in August to 1157, marking a third straight monthly decline after prior gains. Economists had forecast a smaller drop, and the reading underscores a looser recovery pace for businesses and consumers.
MENTIONED IN THIS ARTICLE
Conference Board
Trump bailout plan fails and may take company private
Trump Hotels and DLJ Merchant Banking Partners aborted discussions on a prepackaged bailout for Trump Hotels & Casino Resorts Inc, ending plans announced last month. The Atlantic City operator, owner of the Trump Taj Mahal, carries 1.8 billion in debt and faces heavy interest payments that hinder upgrades or expansion.
MENTIONED IN THIS ARTICLE
Donald Trump
Trump
Trump Hotels & Casino Resorts Inc
DLJ Merchant Banking Partners LP
Trump Hotels
Atlantic City
N.J
Sauer-Danfoss Boosts Quarterly Dividend to 10 Cents
Sauer-Danfoss Inc. announced a 3 cent increase in its quarterly dividend from 7 to 10 cents per share. The move reflects strong cash flow and confidence in the company outlook. The firm operates a manufacturing plant in Lawrence's East Hills Business Park.
MENTIONED IN THIS ARTICLE
Sauer-Danfoss Inc
Lawrence
East Hills
Forbes 400: US billionaire count hits record 313
Forbes releases its annual 400 richest Americans with 313 U S billionaires, a record high. Bill Gates leads at 48 billion, followed by Warren Buffett and Paul Allen, with Walton family members occupying multiple top spots. The list notes 45 newcomers, a $1 trillion combined net worth, and shifts within the top ten amid tech stock performance and economic gains.
MENTIONED IN THIS ARTICLE
New York
U.S
United States
Forbes Magazine
Microsoft Corp
Bill Gates
Gates
Warren Buffett
Microsoft
Paul Allen
Walton Family
Wal-Mart Stores Inc
Dell Computer Inc
Michael Dell
Oracle Corp
Lawrence Ellison
Dell Computer
Ellison
Google
Sergey Brin
Larry E. Page
Forbes
Peter Newcomb
Steve Wynn
Amazon
Jeff Bezos
Disney
Michael Eisner
BET
Robert Johnson
Monster.com
Andrew McKelvey
Bankrupt Interstate Bakeries wins loan to keep running
A federal judge approved a 50 million loan for Interstate Bakeries Corp to operate for another month while considering an additional 150 million financing at a hearing on Oct 21. The company, maker of Wonder Bread and Hostess Twinkies, aims to reassure suppliers and employees as it works on a profitability plan under new leadership Tony Alvarez.
MENTIONED IN THIS ARTICLE
Kansas City
Interstate Bakeries Corp
U.S
Jerry Venters
Interstate Bakeries
Wonder Bread
Hostess Twinkies
James Elsesser
Tony Alvarez
Alvarez & Marsal
Atkins
Eric Ivester
Ivester
California
Upper Midwest
Northeast
Middle Atlantic
Florida
Ethanol Plant Starts in Garnett Grows to 37M Gallons
Energy Construction breaks ground on East Kansas Agri Energy LLC project in Garnett to produce 37 million gallons of ethanol annually at a $47 million facility. The plant, 47 miles south of Lawrence, aims for mid-2005 opening with about 32 jobs and a larger capacity driven by ample regional corn and milo supply. Local farmers and lenders backed the revised plan after a 2001 initiative.
MENTIONED IN THIS ARTICLE
Garnett
Anderson County
Lawrence
Kansas
East Kansas Agri-Energy LLC
Small Corporation
Bill Pracht
Westphalia
East Kansas
Chicago grain and livestock futures edge lower on CBOT CME
On Thursday Chicago grain futures fell with Wheat December at 3.2514 a bushel and Corn December 2.173/4, while soybeans slipped to 5.3734 a bushel. Beef and pork futures rose on the CME with live cattle and feeder cattle gaining and lean hogs up. Local elevator quotes show mixed grain prices across Ottawa Edgerton Overbrook Midland Lawrence north and south Pauling reflecting regional variation. Gold silver platinum traded as NY spot metals priced Thursday.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence North
Also Mentioned on This Page
Wall Street Sauer
Lawrence Journal-World
Ljworld.com
Las Vegas
America
USS
Gatestops Magazine
William Gates
Berkshire Hathaway
Alice Walton
Hilion
Wal-Mart
Helen Walton
Twinkies
Lawrence South
Pauling
N.Y
Theo Hee
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!