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Middletown Journal in Middletown, Ohio

28 Apr 2005

Page 9

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Newspaper

Middletown Journal

Location

Middletown, Ohio, United States of America

Date

Apr 28, 2005

Page

9

Slide in oil pushes stocks higher

Stocks rose modestly as oil prices slid and upbeat earnings news offset a steeper than expected drop in durable goods orders. The Dow gained 47.67 to 10,198.80, S&P 500 up 4.64 to 1,156.38, and Nasdaq +2.99 to 1,930.43, while Treasuries yielded 4.23 percent. Traders cautioned volatility remains amid earnings season.

MENTIONED IN THIS ARTICLE

New York Michael Murphy Wachovia Securities Baltimore Standard & Poor NYSE AK Steel AMR At&t Chang Accenture AMD Age Convergys Corp Allergan Op&l AldWaste Altria General Motors AmExp AmintGp If Material Sciences Anheusr Meadwestvace Avaya NCR BJ Sves P&g BP PLC BakrHu Worthington Bearingp If Xerox Corp BellSouth Nasdaq Best Buy Boeing If Oak Hill Fin Calpine Ohio Casualty CaremkRx Carnival Caterpills Cendant ChevTex S Citigrp Micront CitzComm la MorgStan Cocacl Motorola Coeur NatSemi Newmtm ColgPal Newscpa ConocPhil NokiaCp Corning NorfikSo A Camwden S Norte N If Delta Pg&e Cp EMC Cp PepsiCo EOG Res Ekodak Elan el Paso Cp Plantron Proctg S ENSCO ExxonMb RockwtAut SaraLee Frieder Il Schimb Schwab Gateway Solectra Genentchs GenElec SouthnCo SwstAim Globalsfe Spratfon Goldmans Taiwiemi Goodyear Teradyn Texinst Harley D Transoen Hewlettp UST Inc intiGame US Banerp Jpmorgch Usstee Jonnin KerrMc UtdhithGp Kohis Unocal LSI Log Valero' S LearCorp If VerizonCm Lexmark Viacoms Visteon Libtyma Wachovia Lilly € Ll IV WalMart Lucent WA Mat MBNA WellPoint WellsFrgo Maytag Weyerh Medconith wmsCos Medtrnic Merck Wyeth Merrililyn Bof
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Market watch: stocks rise after crude build but gasoline draw

The market diary shows the Dow Jones, S&P 500 and Nasdaq up after the government weekly inventory report. Crude oil inventories rose by 5.5 million barrels while gasoline drew by 300,000 barrels, contrary to analysts’ expectations.

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GE aims to expand into China and Middle East growth regions

GE projects 60 percent of its decade growth from developing countries with China revenue surpassing 5 billion in 2005. Immelt cites strong China commitments for power turbines and locomotive gear, expects 1 billion in 2008 Beijing Olympics business, and targets oil, gas, aviation, water, and health care in the Middle East.

MENTIONED IN THIS ARTICLE

China Middle East Cincinnati General Electric Co Jeff Immelt Immelt Beijing Evendale Fairfield Conn
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Ex-Tyco chief denies loans abuse in retrial

Former Tyco International head L Dennis Kozlowski testified he did not abuse loan programs or take an unentitled bonus while arguing his aim was to grow Tyco not commit crimes. He could not explain why a 25 million loan forgiveness did not appear on his 1999 tax return amid a 62 million bonus package. The retrial also involves former CFO Mark Swartz. they face charges of grand larceny falsifying records and business-law violations in a case tied to 600 million in alleged looting.

MENTIONED IN THIS ARTICLE

New York Tyco International Ltd L. Dennis Kozlowski Kozlowski Tyco Mark H. Swartz Manhattan State Supreme Court
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AEP in talks to settle long-running emissions lawsuit

AEP president Michael Morris said in Tulsa that settlement discussions are ongoing over a 1999 suit accusing the utility of failing to install modern pollution controls at nine plants across Ohio West Virginia Virginia and Indiana. Trial is set for June 6 in Columbus before Judge Edmund Sargus.

MENTIONED IN THIS ARTICLE

COLUMBUS — _ American Electric Power AEP Michael Morris Columbus Dispatch Tulsa Oklo Justice Department Midwest Northeast Ohio West Virginia Virginia Indiana Columbus U.S Edmund Sargus
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