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The Wichita Eagle from Wichita, Kansas • B7

Publication:
The Wichita Eaglei
Location:
Wichita, Kansas
Issue Date:
Page:
B7
Extracted Article Text (OCR)

WWW.KANSAS.COM FRIDAY, MARCH 7, 2014 THE WICHITA EAGLE 7B DOW JONES 61.71, 16,421.89 500 3.22, 1,877.03 NASDAQ 5.84, 4,352.13 GOLD (HSBC) $14.00, $1,341.00 SILVER $0.27, $21.55 OIL (KANSAS) $1.75, $91.25 GARDEN PLAIN WHEAT $0.03, $6.95 KANSAS CITY WHEAT $0.03, $7.06 Stock 52-week range Div. Last Chg. AGCO 47.29-64.6 0.44 53.54 ATT 31.74-39 1.84 32.34 Abengoa 1.57-4.18 4.15 AbtLab 32.7-40.49 0.88 39.73 Aeroflex 6.04-9.17 8.52 AirProd 84.04-123.6 2.84 122.45 Amazon 245.75-408.06 372.16 AnadrkoPet 73.6-98.47 0.72 86.52 ArchDan 31.5-43.99 0.96 40.94 Avery 39.72-52.17 1.16 51.09 BarnesNob 12.59-23.71 0.00 20.89 BerkHa A 182175.00 BerkHa 101.3-121.44 121.20 Best Buy 18.56-44.66 0.68 25.44 BkofAm 11.23-17.63 0.04 17.35 Boeing 79.37-144.57 2.92 128.86 Bombrdr 2.97-4.93 3.59 Cabelas 52.85-72.54 67.82 CapFedF 11.67-13.21 0.30 12.46 ChesEng 18.21-29.06 0.35 25.52 ComcBnc 36.26-46.49 0.90 44.66 Conagra 28.09-37.28 1.00 29.14 ConocoPh 56.38-74.59 2.76 66.39 ConsGph 33.86-68.53 64.84 0.00 CvntryHC 30.13-50.39 0.50 49.99 0.00 DeereCo 79.5-93.88 2.04 88.23 Dillards 75.6-97.87 0.24 90.28 Duckwall 6.66-15.25 8.30 Eads 55.81 Eaton 55.41-78.19 1.96 75.34 FGP 18.1-25.69 2.00 24.61 Ford 12.15-18.02 0.50 15.67 GM 27.11-41.85 1.20 37.54 Gap 34.27-46.56 0.88 42.29 Garmin 32.52-55.03 1.92 53.93 GenElec 21.11-28.09 0.88 26.22 GrayTV 4.13-15.17 0.00 11.61 HCA Holdings 35.2-52.49 0.00 49.62 Holly Frontier 38.98-58.49 1.20 47.49 HomeDp 68.42-83.2 1.88 82.41 HonwlIntl 70.92-95.85 1.80 94.75 Hormel 37.46-47.99 0.80 47.31 Hospira 29.44-45.24 43.53 Jarden 40.95-64.01 0.00 62.71 JhnsnCntrl 31.95-52.5 0.88 48.81 KnkljkeP 26.51-38.4 0.83 35.31 Kroger 29.83-45.25 0.66 43.37 LSI 5.99-11.11 0.12 11.08 LayneC 13.88-22.64 18.40 Limited 42.83-67.12 1.36 64.99 0.00 Lowes 37.09-52.08 0.72 50.09 MGPIngrd 3.91-6.24 0.05 5.95 0.00 McClatchy 2.13-5.99 0.00 5.67 McDnlds 92.22-103.7 3.24 95.58 Monsanto 1.72 113.74 NetApp 32.75-45.96 0.60 39.03 NewellRub 23.99-32.54 0.60 31.46 ONEOK 34.49-61.78 1.60 59.21 ONEX 45.29-61.99 61.53 OcciPet 77.21-99.42 2.88 96.27 OfficeDp 3.55-5.85 4.63 PSX 54.8-79 1.56 78.14 Penney 4.9-19.63 0.00 8.64 Pepsico 2.27 81.33 Raytheon 55.2-102 2.20 100.49 RentACt 23.65-40.8 0.92 25.25 RylCarb 31.35-53.42 1.00 51.42 SWAirlines 11.94-23.35 0.16 23.12 Seaboard 0.00 2587.96 Sears 32.85-67.5 44.26 SherwinWm 162.22-204.89 2.20 203.00 SimonProp 142.47-182.45 5.00 163.57 SpiritAero 17.77-35.89 28.48 SprintNex 5.61-11.47 0.00 8.88 Target 54.66-73.5 1.72 60.74 Textron 24.87-40.4 0.08 40.11 Tyson 22.47-40.8 0.30 40.17 Umb Fn 45.42-68.27 0.90 63.53 UnionPac 135.75-187.09 3.64 185.86 Valassis 23.69-34.95 1.24 34.02 Valero 1.00 52.88 Verizon 45.08-54.31 2.12 47.46 Vulcan 45.42-69.5 0.20 67.99 WMATT 71.51-81.37 1.92 74.88 WaddellR 38.7-71.64 1.36 71.17 Walgreen 39.74-69.84 1.26 66.71 WasteConn 34.1-46.49 0.46 44.05 Wells Fargo 36.08-47.5 1.20 47.34 WestarEn 29.79-35.24 1.40 33.88 YRC Wwde 5.75-36.99 0.00 25.31 YumBrnds 63.16-78.68 1.48 77.29 STOCKS ON KANSAS.COM The Eagle provides quotes and other information for thousands more stocks and mutual funds at www.kansas.com/business. STOCKS OF AREA INTEREST Future Last Chg. Open High Low Prev.

Corn (CBOT) Mar 14 485 10 474 487 473 475 May 14 491 9 480 492 478 482 Jul 14 495 9 484 496 483 486 Wheat (KCBT) Mar 14 708 3 707 710 705 703 May 14 714 3 708 716 704 710 Jul 14 705 2 700 708 698 703 Soybeans (CBOT) Mar 14 1438 17 1421 1438 1418 1420 May 14 1437 17 1423 1440 1416 1420 Jul 14 1409 14 1396 1413 1391 1395 Live Cattle (CME) Apr 14 142.900 0.250 143.025 143.050 142.875 143.150 Jun 14 135.300 0.175 135.350 135.425 135.300 135.475 Aug 14 132.925 0.225 132.975 133.000 132.925 133.150 Feeder Cattle (CME) Mar 14 171.275 0.125 171.500 171.500 171.275 171.400 Apr 14 172.750 0.050 172.975 173.000 172.750 172.800 May 14 173.350 0.100 173.450 173.500 173.350 173.450 Lean Hogs (CME) Apr 14 112.775 0.375 112.750 112.825 112.550 112.400 May 14 117.000 1.150 114.500 117.000 114.250 115.700 Jun 14 119.675 0.325 119.475 119.700 119.425 119.350 FUTURES Wheat Corn Milo Beans Andale 6.94 4.69 4.71 13.94 Beloit 6.93 4.51 4.46 13.73 Coffeyville 6.71 4.76 14.08 Colby 7.00 4.77 4.61 Concordia 6.98 4.56 13.83 Dodge City 6.93 4.91 4.66 13.58 Emporia 6.58 4.63 14.38 Garden City 6.93 4.91 4.68 13.58 Garden Plain 6.95 4.70 4.69 13.91 Great Bend 6.98 4.76 13.78 Hays 6.98 4.61 Hutchinson 6.90 4.78 4.80 13.89 Pratt 6.98 4.85 4.73 13.88 Salina 6.88 4.63 Scott City. 6.93 4.86 4.63 13.58 Wellington. 7.00 4.67 4.61 13.88 Whitewater 6.90 4.66 4.68 13.96 Wichita 14.33 GRAIN PRICES Haven OKs gas processing site City Council this week approved the zoning needed to build a new gas processing facility next to the existing Panhandle Eastern booster station plant southwest of Haven. The Tenawa Gas Proc- essing facility will extract liquid components from the raw natural gas received from the Panhandle East- interstate pipeline. The new facility is expected to bring an additional 12 to 15 jobs and include an office, control room, tower complex- es, turbines, generators and other equipment.

The facility will occupy about 7 acres. Construction is set to begin in early spring and be done by December. unique processing facility takes advantage of the outstanding resource of nat- ural gas available at the Haven Panhandle Eastern facility and introduces a value added component to this Harland Priddle, executive director of the K-96 Corridor Development Asso- ciation, said in a statement. job creation and capital investment will benefit not only the immediate area along the K-96 corridor but will bring the opportunity for future Dan Voorhis updates Wichita infrastructure costs said Thursday it has invested nearly $110 million in its wireless and wired networks in Wichita, and more than $825 million in its Kansas networks over a four-year period. The telecom giant said in news releases the investment amounts were for the period between 2010 and 2013.

In Wichita last year, the company said it made about 70 network upgrades, in- cluding new cell sites which help transmit wireless phone calls network capac- ity and new broadband con- nections. The company said it also provided its U-verse TV and Internet service to 12,000 new customer locations and fiber-optic connections to more than 400 businesses. Throughout the state last year, it made nearly 530 network upgrades, it said. It also added U-verse services to 28,000 new customer loca- tions and fiber-optic connec- tions to nearly 2,000 busi- nesses in more than 100 office buildings and business parks. Jerry Siebenmark Staples to close 225 stores to cut costs Staples, the largest office-supply company, said Thursday that nearly half of its sales are now generated online, and it is working aggressively to cut costs and become more efficient.

It aims to close more up to 225 stores in North America by the end of 2015 as part of a plan to save about $500 million. The company provided no nformation about specific stores or markets. Associated Press Airbus orders more checks of A380 wings BERLIN, Germany Eu- Airbus has ordered more frequent inspections of the wings of the largest passenger jet after discovering unexpected levels of metal fatigue dur- ing testing on an A380 factory mock-up, industry sources said on Thursday. The planemaker has asked airlines to inspect the or main in- ternal beams during regular major overhauls carried out after six years in service, and then again at 12 years, instead of waiting for the 12-year overhaul, they said. The double-decker A380 entered service in 2007 with Singapore Airlines followed by the largest customer, Emir- ates.

Reuters BUSINESS IN BRIEF 401(k) plan in which Boeing matches a portion of their savings. The changes mirror those made to benefits of union workers. Earlier this year, 31,000 union machinists in the Pacif- ic Northwest narrowly ap- proved a similar change as part of an eight-year exten- sion of their labor contract. In exchange for that and other concessions, Boeing agreed to build its new 777X jetliner and its wings in Wash- ington state, ensuring that the machinists would continue to perform that work. BOEING From Page 6B Today, he owns Hughes Harvesting of Ellinwood, as well as a sizable number of combines, tractors and trucks.

He and his crew start cut- ting winter wheat in Texas in mid-May and finish near the Canadian border in Septem- ber. When done, he hauls his equipment back to Kansas and spends the fall cutting corn, soybeans and grain sorghum. By November, done. love the he said. been enthralled by equipment and really like running the business and the traveling.

living the Reach Dan Voorhis at 316-268-6577 or Follow him on Twitter: CUTTERS From Page 6B It looks like Joe Hayes is the buyer and wants the building for his Open Roads Brands, which creates repro- ductions of nostalgic signs and other Americana memor- abilia. Hayes return calls for comment. The deal closed on Wednesday. are on a real fast Jackson says. know really had a keen interest in the Douglas Design That was part of the in- terest of group as well.

personally think one of the nicer buildings probably not already taken for the long term by Jackson says. were really proud of the The first portion of the building was built in 1915. There was an addition in 1930. Jackson says he and his partners had a lot of cool things planned for the build- ing. cash flow was just low enough that we going to be able to do a lot of those things for the next year or two at Jackson is hopeful that the new owner may be able to do some of those things.

just feel that these people will take good care of the A new World In September, Have You Heard? reported that Wich- second Freebirds World Burrito would open at the Village at Greenwich at 21st and Greenwich. Next week, it will happen. This makes the seventh restaurant for Overland Park- based Freebirds franchisee FB Midwest Development. Its first Wichita Freebirds opened in June just south of Central on Hillside. Last fall, Freebirds regional manager Steve Perkins said business has been be he said.

Perkins said the chain is putting feelers out and around the city for other sites. He expects there to be three or four, including one on the west side and one in south Wichita toward Derby. The restaurant is similar to Chipotle Mexican Grill and has a big focus on organic items such as grass-fed beef and hormone-free chicken. The first 25 diners at the new Freebirds next Thursday will receive free burritos for one year. You say guess just What Old Town resi- dent Charlie Claycomb, trying to cancel his home phone service, told a Cox Communications repre- sentative who asked what would happen if he didn't have a land line during an emergency Reach Carrie Rengers at 316-268-6340 or Follow her on Twitter: Travis photo The Domestic Laundry building at 1425 E.

Douglas is selling for the second time in less than two years. RENGERS From Page 6B NEW YORK U.S. reg- ulators said Thursday that ADT Corp. has settled charg- es that it deceived consum- ers by paying people to rec- ommend its home security products on media outlets without disclosing their connection to the company. The Federal Trade Com- mission said ADT paid child- safety, home-security and technology experts more than $300,000 to promote its ADT Pulse security sys- tem online and on TV, in- cluding during a January 2011 segment on show.

One expert received more than $200,000 and two of them received a free ADT Pulse security system and monthly monitoring service, which the FTC said is worth about $4,000. ADT set up the media interviews through its public relations firms and booking agents, the commission said. The paid endorsers were introduced by show hosts and reporters as experts and their connection to ADT was never revealed. The endorsers also talked about other products, mak- ing the segment look as if it was an unbiased review. ADT agreed to remove misrepresented reviews and endorsements and to dis- close any future endorse- ments clearly, the FTC said.

A representative for ADT, which is based in Boca Ra- ton, said the company is happy to have resolved the matter amicably. A representative from NBC said the network was re- viewing the matter. The FTC said the settle- ment is part of its crack- down on misleading en- dorsements in advertising. ADT settles charges over paid endorsers FTC says the security firm paid experts to promote its products. ASSOCIATED PRESS An article in Newsweek that says it has found the real Satoshi Nakamoto, the alias used by the creator of the virtual currency Bitcoin, has prompted many enthusiasts to question whether the right person had been identified.

According to the Newsweek article published online Thursday, the real Satoshi Nakamoto is a 64-year-old model-train buff living in Southern California with his mom. His birth name was, in fact, Satoshi Nakamoto, which had previously been thought to be a pseudonym for the creator, or group of creators, behind Bitcoin. When approached by a reporter, Nakamoto said he was longer involved in that and I cannot discuss been turned over to other people. They are in charge of it now. I no longer have any he is quoted as saying.

The origins of Bitcoin, a computer-driven form of money that exists only online, have been a mystery since it appeared in 2009. Other publications have tried, and failed, to identify the real Satoshi Nakamoto. Newsweek says it found Na- kamoto by going through a database of naturalized U.S. citizens. According to the article, Nakamoto was born in Japan and now goes by Prentice Satoshi Nakamoto appeared to have called the police when a New- sweek reporter came to his home, so great was his desire not to speak about the virtual currency.

Various relatives quoted in the story also did not know, or did not say, whether he had created Bit- coin. People have generally thought that Bitcoin was cre- ated by a group of program- mers rather than an individu- al because of its complex mathematics and structure. The Newsweek article links Nakamoto to Bitcoin through various work experiences, but offers no hard evidence. Many in the Bitcoin com- munity said Newsweek had made compelling arguments, but others were swift to won- der whether the right person had been identified. security re- searchers, trained to be said Tyler Moore, an assistant professor at Southern Methodist Uni- versity who led a discussion of anonymity and Bitcoin at a cryptography conference Thursday.

of the people talked to have taken a and The article also caused a stir for offering various personal details about Nakamoto, in- cluding where he lives, his age and birthplace. Those details elicited a number of angry comments on New- website and else- where, and Nakamo- was trending for part of the day Thursday. The author of the New- sweek story, Leah McGrath Goodman, took to her Twitter to answer some often heated questions from readers. man invented some- thing that shaped our world. Should all inventors now fear Goodman wrote in response to a comment about posting personal details.

Users access Bitcoins by solving math riddles with software programs, or buying the coins on online About 12.4 million coins are in circulation, and the original creator ensured that only 21 million coins would ever exist. But Bitcoin has failed to catch on with mainstream financial institutions. It is backed by no central bank and fluctuates wildly in price. Some users like the fact that Bitcoin circumvents the tradi- tional banking system, but they are also left with few options when things go wrong. Last week, the virtual cur- rency world was shaken by the collapse of Mt.

Gox, which at one point handled about 80 percent of all Bitcoin trans- actions. Man identified as Bitcoin founder denies ties BY RACHEL ABRAMS New York Times Sales at many major U.S. retailers rose in February, as shoppers ventured out later in the month after a dismal start when ice, cold and snow kept many of them at home. Costco Wholesale Corp. on Thursday said U.S.

sales at stores open at least a year rose 3 percent, while Brands Inc. reported a better-than- expected 2 percent rise, lifted by gains at its Secret lingerie chain. The unusually cold, snowy weather that slammed retailers in January continued into the first half of February, including an ice storm that idled much of the Southeast for days. Gap Inc. reported a 7 per- cent decline in comparable sales, and said 450 of its stores were closed at some point or other in February because of the weather.

Anal- ysts expected a 0.9 percent increase. Excluding drugstores, the Thomson Reuters Same Store Sales Index, which tracks a group of major retailers, regis- tered a 0.3 percent increase for February, missing analyst pro- jections for a 1.9 percent rise. The 500 Retail Index closed down 0.5 percent on Thursday, while the broader 500 rose 0.2 percent. But sales trends improved as the weather got better and many U.S. consumers got tax refunds, said John Cato, chief executive of discount clothing chain Cato Corp.

Last week, the chief exec- utives of department store chain Inc and jeweler Zale Corp also reported much brisker business after Valen- Day. on the spring, and see a much improved consumer spending pace, said Michael Niemira, chief econo- mist of the International Council of Shopping Centers. He reiterated his expecta- tion for consumer spending to keep improving this year as the job market and economy gain strength. A later Easter this year will dent March sales but help overall sales for the season as weather is less likely to dis- rupt shopping, Niemira said. Easter is on April 20 this year.

Several U.S. retailers report rise in sales in February Reuters.

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Pages Available:
2,719,189
Years Available:
1884-2024