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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Feb 03, 2005
Page
7
Daily market roundup summarizes stock moves and index trends typical of a midmarket financial page. It notes price changes in major equities, bonds, and commodities, with brief commentary on market drivers and trading sentiment for the day.
The Federal Reserve raised the federal funds rate by a quarter point to 2.50 percent at its two day meeting. Officials preview further gradual increases to keep inflation and growth in check while the economy grows at a moderate pace and the labor market improves.
An Ohio company recalls one lot of Similac Advance with Iron powder formula in 12.9 ounce cans Lot 20307RB distributed Sept 15 to Oct 18 2004. Ross Products Division Abbott warns consumers to call (800) 986-8884 for details. New York Stock Exchange item follows.
Change reports Sears Roebuck and Co and Kmart Holding Corp will merge into Sears Holdings Corp. The combined retailer seeks Nasdaq listing under a yet-to-be-announced symbol, per merger documents filed Tuesday.
Blockbuster Inc. raises its bid for rival Hollywood Entertainment Corp in a hostile cash and stock offer valued at 1.3 billion dollars. The bid sets at 14.50 per share, starting Friday, to derail Hollywood's pending sale to Movie Gallery Inc.
Russell Christoff, a former actor and model, won a $15.6 million verdict against Nestle USA for unauthorized use of his likeness in Taster's Choice packaging. He recalled spotting his younger self in a 2002 Bloody Mary mix display and reacting with disbelief.
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