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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jan 06, 2005
Page
7
Market data show Russell index at 11.06 with 2000 advance 617.48 and 3912 decline. New highs and lows not clearly stated, volume 2.136 billion. Nasdaq diary lists 910 advances 2250 declines and 111 unchanged with volume 2.359 billion.
Staples Inc. will discontinue advertising during news programming on Sinclair Broadcast Group stations after customer complaints about perceived right wing bias. The move follows a campaign by a liberal watchdog urging advertisers to challenge Sinclair’s news content, with Staples noting the decision was part of routine media buying adjustments.
Howard Stern says Citadel Broadcasting pulled his syndicated show from Syracuse Providence Harrisburg and Grand Rapids this week for mentioning Satel lite radio and Sirius Satellite Radio. Citadel called the move an infomercial and declined comment through spokesman Alex Eule.
Omaha report states yellow or white reflectors must be placed on the sides of locomotives and freight railcars to aid motorist visibility. Beginning March 4, railroads have five years to fit locomotives and ten years for freight cars, as ordered by the Federal Railroad Administration. Reflectors aim to reduce accidents and injuries at rail crossings nationwide.
Delta Air Lines unveiled a nationwide cut of its priciest fares and a liberalized stay-over rule for cheaper tickets, promising simpler pricing and potential gains in business travel. Rival carriers warned of revenue losses up to 3 billion annually if copied, while Northwest and US Airways began matching fares on key routes, signaling a cautious industry-wide response.
Okemos and Galesburg homeowners find few buyers for Frank Lloyd Wright designed houses. Prospective buyers seek modern features and large garages, while sellers worry about preserving the architect's legacy. Agents note the market is narrow, targeting those who value art and history.
US Airways flight attendants vote 64 percent in favor of a contract that cuts pay by 8.4 to 9 percent immediately and adds 1 to 2 percent raises from 2007 to 2011, with tougher work rules. The move is part of saving about 94 million dollars annually for the carrier in bankruptcy.
Sony unveiled the PlayStation Portable in Las Vegas ahead of CES, signaling a fierce handheld battle with Nintendo. Pricing and US availability were not announced, but a March launch in North America was indicated. The PSP weighs about 10 ounces, offers wireless multiplayer, and runs on Universal Media Disc. Nintendo's DS, at 150 dollars, features dual color screens and touch sensing, drawing from 1.5 million units sold since late November. Analysts foresee the DS and PSP expanding the global portable games market from 3.9 billion in 2003 to 11.1 billion by 2007, with the PSP likely appealing to older gamers.
Federated Department Stores will convert 182 regional stores including Ben Macys Burdines Macys Goldsmiths Macys Lazarus Macys and Richs Macys to Macy’s within months. The official name change takes effect March 6 with exterior signs two thirds complete, as the firm expands the Macy’s brand.
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