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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Jul 20, 2003
Page
12
New York traders eye the tech sector as a potential bull market driver after Nasdaq weakness from Nokia and IBM. Analysts say leadership may shift and a single standout may not appear soon, with financials and dividend stocks showing early promise amid ongoing sector rotation.
Baytown received 556 336.17 in May sales tax payments, a 10.25 percent rise from 2002, as reported by State Comptroller Carole Keeton Strayhorn. Mont Belvieu and Anahuac showed mixed changes, while statewide rebates totaled 208.5 million to 1 116 cities and 18.7 million to 121 counties, though year-to-date allocations fell 1.7 percent. The next distribution is due August 8.
The City of Baytown Inspection Division issued residential and commercial building permits totaling 1,502,465 for July 11 to July 17. Commercial remodels reached 164,801 with multiple entries including a 49,000 bid at 6236 N Highway 146 and a 40,301 walkway roof replacement at 1909 N Pruett St. New residences listed include homes by KB Homes, Habitat for Humanity, Gehan Homes, Hampton Homes, and Imperial Homes Texas with values ranging from 59,510 to 184,750 and dates from July 15 to 17.
Southwest Airlines is exploring expanding operations at Lambert Airport as American Airlines plans to halve departures from St Louis. Southwest Chairman Herb Kelleher told Mayor Francis Slay that the Dallas based carrier is very interested in discussing the matter next week, according to Slay’s chief of staff Jeff Rainford. The move follows American’s announcement to shelve nonstop service to 27 destinations. Rainford called the development an indication that Kelleher has been waiting and now is pursuing the opportunity.
Local 789 steward and Daley manager urge action as Rainbow store workers in Roseville face pay gaps due to hiring period rules. Reming claims it can deny benefits amid bankruptcy actions, leaving many employees with nothing during the cutoff.
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