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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 22, 2005
Page
6
Local stock figures show varied activity with several names in the red and others edging higher. Notable listings include modest gains for some utilities and declines for several industrials, reflecting a cautious market tone.
Investors kept wary eyes on near record oil costs as stocks closed mixed. Crude futures fell to 58.90 a barrel while the Dow slipped 9.44 to 10,599.67, the S&P 500 eased, and the Nasdaq rose modestly amid Social Security reform debates and market hesitancy.
Krispy Kreme Doughnuts ousted six executives Tuesday, with five resignations and one retirement. The company declined to name the individuals or explain the reasons, citing a special committee. Shares fell to 7.62 on the NYSE as concerns over accounting practices and slow sales persist.
Kroger Co, the nation’s largest supermarket chain, said first quarter earnings rose 12 percent as Southern California gains after a strike and lockout boosted results. The Cincinnati company beat estimates, raised its annual outlook, and stock rose about 10 percent to $19.43. Earnings amounted to $294.3 million or 40 cents per share on $17.9 billion in sales, up from $262.8 million or 34 cents per share a year earlier.
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