Market watch: August 3, 2004 NYSE diary
Market watch notes for August 3 2004 detailing NYSE diary items. It records stock movements, notable trades, and market cues with emphasis on key players and indices.
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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Aug 04, 2004
Page
7
Market watch notes for August 3 2004 detailing NYSE diary items. It records stock movements, notable trades, and market cues with emphasis on key players and indices.
Schlotzsky’s Inc a Dallas area deli chain with 21 owned shops and 492 franchised outlets filed Chapter 11 in San Antonio seeking protection from creditors. It reported a 2003 net loss of 11.7 million and a 2004 first quarter loss of 671 thousand while planning to close 15 company operated stores and cut 20 percent of corporate staff.
Halliburton Co will settle an SEC probe by paying 7.5 million for failing to disclose a 1998 accounting procedure change under then VP Dick Cheney. Former controller Robert Muchmore Jr faces a 50,000 penalty. the Justice Department broadened scrutiny into a 180 million Nigeria bribery case involving a subsidiary. The SEC complaint also targets former chief financial officer Gary V. Morris.
Huffy Corp. grapples with stock decline and delisting threats after posting a 2003 loss of 7.5 million dollars. The Miamisburg based maker sold units, cut plants, and pursued strategic options while maintaining a strong U.S. bike market share around 30 percent.
The National Transportation Safety Board urges mandatory event data recorders in new passenger cars. Citing the 2003 Santa Monica farmers market crash that killed 10 and injured 63, investigators say data from a black box would clarify driver behavior and crash dynamics. NHTSA notes growing market adoption and proposes standard data elements for uniform use nationwide.
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