Market Diary Snapshot NYSE Nasdaq Trading Notes
NYSE advanced 2,292 new highs 994 declined 261 unchanged 147 volume 1,942,042,990. Nasdaq advanced 2,048 new highs 1,057 declined 1,057? unchanged 154 volume 2,152,155,870.
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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Feb 12, 2005
Page
6
NYSE advanced 2,292 new highs 994 declined 261 unchanged 147 volume 1,942,042,990. Nasdaq advanced 2,048 new highs 1,057 declined 1,057? unchanged 154 volume 2,152,155,870.
Apple Computer Inc. said its board approved a 2 for 1 stock split increasing authorized shares to 1.8 billion from 900 million. Shareholders of record Feb. 18 will receive an extra share, with trading on a split-adjusted basis planned for late February. The company had 419.1 million weighted shares outstanding for the quarter ended Dec. 25, and first quarter earnings rose to 70 cents per share from 17 cents.
Armor Holdings parent company reports record fourth quarter earnings of 26.4 million or 0.74 per share and full year profit of 80.5 million as Aerospace and Defense growth drives revenue to 979.7 million. A $32 million up armored Humvee contract supports production at the O Gara Hess plant in West Chester.
Molson Coors Brewing plans to shut its 3 million barrel Memphis Tennessee brewery in early 2007, affecting about 410 workers. The closure supports $175 million in savings from the Adolph Coors and Molson merger, with annual savings of $32 to $35 million and a planned North American capex of $70 to $90 million.
GM will end Walgreen Co as a prescription provider for 1.1 million employees and retirees effective March 1. Walgreen said it has no plans to sever ties and hopes to continue serving GM employees. Enrollees may use CVS or Rite Aid stores.
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