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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Aug 24, 2004
Page
7
Market diary shows NYSE advancing 1 208 stocks with 2 052 declines and 1 571 unchanged on volume of 1 322 744 944. Nasdaq diary reports 1 277 advances 1 823 declines 372 unchanged and 35 volume 1 212 116 223.
Lebanon’s Industrial Vibrations Consultants International announced it will acquire a stake in Netherlands based Machine Condition Monitoring Europe. IVC International will provide technical and financial support to the firm. The company offers vibration analysis and precision balancing for steel and automotive sectors among others.
The Chamber of Commerce will hold its Business After Hours from 5 to 7 p.m. Thursday at Fishbaugh Homes 2601 Arbor Pointe Drive Middletown. For more information call (513) 422-4551.
Howard Johnson, 69, of Middletown, a sales representative for Western Southern Life Insurance Co., has announced his retirement. Johnson worked over six years with the firm and more than 20 years in the industry, serving most of his clients in Middletown. He can be reached at 513 423 6745 or hajo1934 hotmail.com.
Southwest Airlines plans to trim 88 flights in October and reallocate aircraft to higher yielding routes, mainly in and out of Philadelphia, aiming to boost revenue by about 60 million dollars. The Oct 31 schedule will bring 41 daily Philadelphia flights, reflecting the carrier's strongest opening there since May, while overall operations fall about 3 percent of 2,800 daily flights. Dallas departures will drop from 130 to 123, Kansas City from 70 to 61, and Albuquerque-El Paso from four to three daily.
Wal-Mart Stores lowered its August sales outlook to flat to up 2 percent from a prior 2 to 4 percent range due to slow back to school spending and Hurricane Charley. Stores were hit by closures and Charley reduced outlet activity, though uniforms and athletic footwear sold well.
Toys R Us reported a Q2 profit driven by a $200 million tax reserve reversal, while total sales fell 3.9 percent to $2.02 billion. The U S toy unit posted a $138 million operating loss, Babies R Us posted a 1.8 percent same store gain, and international operations improved with a $6 million earnings.
Accor and T-Mobile reach an agreement to install wireless Internet across Red Roof Inns within a year. Guests without subscribed service will pay 6 dollars per hour or 9.99 dollars per day, with a free day pass for first time users. Installations begin at renovated properties in Detroit Cleveland Washington Philadelphia areas.
Newark Ohio Longaberger Co says it will lay off 784 manufacturing workers on September 9 due to sagging sales. The layoffs plus earlier cuts reduce total staff to about 4500. CEO Tami Longaberger cites efforts to meet demand amid rising costs and changing consumer habits.
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