News money 2008-05-08 Andanh.com

Critics question timing of new Honeywell plant Tue, 06 May 2008 09:58 CDT
A $500 million plan to replace the nuclear weapons plant at the Bannister Federal Complex has thrust Kansas City into the national debate on the future of such armaments.

Report: Sprint in $12 billion WiMax deal with Clearwire, Intel, Google, others Tue, 06 May 2008 16:20 CDT
Sprint and Clearwire have agreed to a $12 billion deal to build out a nationwide high-speed wireless network, the Wall Street Journal reports.

Compared with much of the nation, KC's housing decline is hardly a blip Mon, 05 May 2008 22:52 CDT
In many markets across the country these days, a 3 percent year-over-year decline in average existing home sales prices would prompt sighs of relief, if not outright cheers.

Two Haddad officials switch restaurant teams Mon, 05 May 2008 22:46 CDT
Haddad Restaurant Group’s loss is Hurst Restaurant Conce pts’ gain. Haddad has made many changes in the last few months, including closing George Brett’s on the Country Club Plaza. There also have been management changes — some it initiated and some it didn’t, at least not directly.

Time Warner Cable ads take no prisoners Mon, 05 May 2008 23:08 CDT
“HATE PUPPIES” is the large, bold-print headline from a new comprehensive Time Warner Cable campaign intended to blunt stepped-up competition from DirecTV and AT&T.

Stocks rise even as oil nears $123 a barrel Tue, 06 May 2008 15:39 CDT
Wall Street reversed early losses to close higher today, as investors monitored the movements of record high oil prices but still laid bets that the economy and companies are in recovery mode.

Bloch School of Business chooses interim dean Tue, 06 May 2008 13:44 CDT
Professor Lee Bolman will be interim dean of the University of Missouri-Kansas City’s Henry W. Bloch School of Business and Public Administration, effective July 1 until a permanent dean is appointed, the school announced today.

Three stripes against you; $305 million verdict issued against Collective Brands Tue, 06 May 2008 11:29 CDT
A $305 million verdict has been issued against Topeka-based Collective Brands Inc. in case filed against it by athletic shoe maker, Adidas for trademark infringement and deceptive trade practices.

Stocks lift even as oil prices soar near $123 a barrel Tue, 06 May 2008 19:57 CDT
Wall Street reversed early losses to close higher Tuesday, as investors monitored the movements of record high oil prices but still laid bets that the economy and companies are in recovery mode.

UBS reports 1Q net loss $11 billion Tue, 06 May 2008 17:14 CDT
Swiss bank UBS, hard hit by the U.S. subprime crisis, reported a first-quarter loss of $10.97 billion and said Tuesday it will slash almost 7 percent of its work force.

Cisco 3Q profit beats subdued expectations Tue, 06 May 2008 18:32 CDT
Cisco Systems Inc.'s profit fell 5 percent in its fiscal third quarter but beat Wall Street's expectations, a sign the turbulent U.S. economy didn't rattle the world's largest networking equipment maker as hard as expected.

Housing picture worsens as Fannie sees price drop Tue, 06 May 2008 21:08 CDT
The outlook for the housing market darkened further Tuesday as the nation's largest buyer of home mortgages said it racked up more than $2 billion in quarterly losses and forecast a steeper drop in home prices this year.

Swiss bank UBS reports 1Q net loss of $11 billion Tue, 06 May 2008 01:57 CDT
Swiss bank UBS AG announced Tuesday it would cut 5,500 jobs and reported a net loss of 11.5 billion Swiss francs ($10.97 billion) for the first quarter of this year.

Late cold snap puts a chill on California vineyards Tue, 06 May 2008 04:51 CDT
April was a cruel month for California winemakers, bringing a series of unusually late frosts to vineyards baring the tender, green shoots of spring.

Speculation intensifies over Sprint's future Mon, 05 May 2008 23:09 CDT
Split-up and spinoff options, possible takeovers and other deal talk engulfed Sprint Nextel on Monday as company leaders ponder moves to stabilize Kansas City's largest corporate employer.

Brooke Capital plans to scale back work force Mon, 05 May 2008 23:09 CDT
A second Brooke Corp. company in as many weeks has reduced its Overland Park work force as difficult credit conditions thwart expansion plans.

Mayor launches effort for inner-city investment Mon, 05 May 2008 23:09 CDT
Mayor Mark Funkhouser began what is expected to be a several-month planning effort to encourage investment in poor city neighborhoods with a symposium Monday.

Sprint worker sues over use of stock in retirement plans Mon, 05 May 2008 22:41 CDT
A Sprint Nextel worker from Shawnee has filed a federal lawsuit accusing the company of concealing mounting financial problems and imprudently including Sprint stock in retirement investment plans.

Missouri boat builder going out of business Mon, 05 May 2008 23:09 CDT
Missouri-based boat builder Challenger Powerboats Inc. has filed for bankruptcy and said it was going out of business.

Panel Discussion by Bob Unell Sun, 04 May 2008 17:29 CDT
Too little, too late?

Local stocks: Credit rating may be on the upswing for H&R Block Mon, 05 May 2008 23:09 CDT
Standard & Poor's Rating Service said it has put H&R Block Inc.'s credit ratings, including the company's BBB-, on a credit watch with positive indications.

Stan the T-Rex is ready to scare up tourism Mon, 05 May 2008 22:38 CDT
Regional tourism could get a nice bump later this month when Stan the T-Rex arrives in Kansas along with a few dozen of his skeletal buddies.

The real differences in women who become self-employed Tue, 06 May 2008 10:14 CDT
I’d really like to know how self-employed women differ from their wage- and salary-earning counterparts.

Bowling for tax-exempt dollars, justices rule Mon, 05 May 2008 23:04 CDT
Robert Putnam would be pleased. The Missouri Supreme Court last week ruled that a bowling association is “civic” in nature and therefore qualifies for tax-exempt status as a civic organization.

Youth Entrepreneurs Kansas looks for corporate partners in KCK Mon, 05 May 2008 22:58 CDT
Do you believe that disadvantaged young people in Kansas have any chance at success? Do you believe they can contribute productively in the workplace, enhancing their own lives, their families and their community?

Security union at KCI awaits first contract Mon, 05 May 2008 22:54 CDT
It has been a year since a security officers union won a long and hard-fought effort to organize more than 450 baggage screeners at Kansas City International Airport.

Women's businesses thrive on network Mon, 05 May 2008 21:54 CDT
Executive Patricia Kane was playing tennis with friends when she began brainstorming about a women’s group.

Buy-in: Franchising provides unique opportunity for Bevinco of Kansas City Northland Mon, 05 May 2008 23:09 CDT
Business: Bevinco of Kansas City Northland; 816-419-2989; www.bevinco.com. About the business: Bevinco, based in Toronto, is a beverage inventory control service for restaurant and bar owners. The business records all liquor, beer and wine that is poured and reports any discrepancies to clients.

Workshop calls attention to rural health-care crisis Mon, 05 May 2008 23:01 CDT
COLUMBIA | The talk about problems in our nation’s health-care system keeps getting louder, but there are gaps in the conversation.

Downtown Council lambastes city officials over parking meters, fund cuts Mon, 05 May 2008 22:57 CDT
The Downtown Council was feeling feisty last week over Kansas City officials raising parking meter rates and reneging on a financial pledge to the community improvement district.

Best practices: Partner's death forces owner to rethink business plan Mon, 05 May 2008 23:09 CDT
Company: A Shear Thing Salon Telephone: 913-631-8448 Address: 12213 Shawnee Mission Parkway, Shawnee

Retailer hopes to fill more prescriptions with low cost Tue, 06 May 2008 02:50:00 CDT
Little Rock, Ark. -- Wal-Mart Stores Inc., the world's largest retailer, announced Monday it would expand its discounted prescription drug program to offer 90-day supplies for $10 and add several women's medications at a discount. It also said it would lower the price of more than 1,000 over-the-counter drugs.

Business Watch Mon, 05 May 2008 23:00:00 CDT
San Francisco -- Yahoo Inc.'s stock took a beating Monday after Microsoft Corp. withdrew its $47.5 billion takeover bid, but the punishment wasn't as severe as many analysts anticipated because investors suspect the rivals eventually will renew their mating dance.

Employees of GM in K.C. area go on strike Mon, 05 May 2008 23:00:00 CDT
Kansas City, Kan. -- A strike Monday by a United Autoworkers local at the General Motors plant here could endanger production of the popular Chevrolet Malibu sedan, adding to mounting problems for the automaker.

Mississippi accounting firms to combine with BKD Mon, 05 May 2008 23:00:00 CDT
Three Jackson, Miss.-based accounting firms are combining with Springfield-based BKD LLP, BKD said Monday.

Awards & Achievers Mon, 05 May 2008 23:00:00 CDT
Chris Brewer, president of MoneySaver Publishing Inc., addressed members of the American Free Community Papers Association during a meeting April 24-26 in Palm Springs, Calif.

Former Engineered Support could get another owner Fri, 09 May 2008 00:24:56 +0000
One of the region's biggest defense companies is on the block again.

GM to pay up to $200M to help end American Axle strike Fri, 09 May 2008 00:24:56 +0000

Peabody shareholders approve switch to annual board election Fri, 09 May 2008 00:24:56 +0000

Solutia first-quarter profit drops despite sales jump Fri, 09 May 2008 00:24:56 +0000

Retailers report mixed results in April Fri, 09 May 2008 00:24:56 +0000

KCP&L plant being built near Weston to cost 15 percent more Wed, 07 May 2008 22:20 CDT
The cost of Kansas City Power & Light's coal-fired power plant being built near Weston is going up but not as much as some feared.

Forecasters peg Kansas wheat crop harvest Thu, 08 May 2008 15:57 CDT
An industry group that toured hard red winter wheat fields in Kansas this week estimated this year’s Kansas crop at 379.1 million bushels.

Rights of employees in the digital age Wed, 07 May 2008 21:24 CDT
Two college students in California may force the National Labor Relations Board to enter the 21st century — but don’t get your hopes up soon.

The Closing Bell: Wall Street shakes off oil-price gloom Thu, 08 May 2008 15:47 CDT
Wall Street closed a quiet session with a moderate advance Thursday even as oil prices extended their record-breaking run and as retailers issued sales reports that were generally not as gloomy as anticipated.

International representatives discuss high-growth business at Kauffman Foundation Thu, 08 May 2008 11:47 CDT
Twenty experts from around the world gathered at the Ewing Marion Kauffman Foundation Thursday to discuss the global impact of high-growth small- and medium-sized enterprises, or SMEs.

For many, the check really is in the mail Thu, 08 May 2008 11:27 CDT
Economic stimulus checks printed in Kansas City will be in the mail tomorrow, Treasury Secretary Henry Paulson said during a visit to a Treasury printing center here.

More shoppers seeking shelter from economy in discounters Thu, 08 May 2008 18:17 CDT
Caught in the maelstrom of higher gas and food prices, Americans - even more affluent ones - are seeking shelter in wholesale clubs and discount apparel chains.

Gas jumps nearly 3 cents to record; oil crosses $124 Thu, 08 May 2008 18:17 CDT
Gasoline and crude oil jumped to new records Thursday, with gas rising 3 cents to an average national price of nearly $3.65 a gallon and oil crossing $124 a barrel for the first time.

Stocks rise modestly even as oil extends record high run Thu, 08 May 2008 17:02 CDT
Wall Street closed a quiet session with a moderate advance Thursday, with energy and other commodities companies leading the market as oil prices extended their record-breaking run.

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