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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jan 07, 2005
Page
14
Market data shows January 6 2005 trading with 1884 new highs and 1357 declines on the NYSE and Nasdaq totals. Volume figures exceed 1.9 billion on NYSE and 2.16 billion on Nasdaq with many advances and few decliners.
Dayton area physicians and hospitals rush to keep Anthem Blue Cross and Blue Shield patients with their doctors after Premier Health Partners is dropped from Anthem network on New Year’s Day. Hospitals prepare for higher patient load while facilitating privileges at other area facilities to avoid care delays.
Atlanta report notes the average grace period has fallen from about 30 days to around 20, with federal law allowing up to 14 days. Issuers trim due dates, levy late fees up to 39 dollars, and penalty rates up to 30 percent. Citi and Chase charge up to 29.24 percent. even timely payments can trigger penalties in other cards. Cox News Service.
GM's Saturn plans a bold portfolio expansion with the Sky roadster debuting at the North American International Auto Show at Cobo Center. The Sky will go into production in 2006 built in Wilmington Delaware for under $25,000, with Aura concept previewing a mid size sedan.
The Boston Brewing Company announces a $7 million Cincinnati brewery expansion to boost annual production to about 800000 barrels from 600000 and to allow near 24 hour operation. Officials say job impact is undecided as the plant shifts to full production.
Jim Koch, founder of Boston Brewing Co., recalls buying the former Hudepohl-Schoenling brewery seven years ago and expanding there. A Cincinnati native and sixth generation brewmaster, Koch says his father apprenticed at the site, linking his family's craft to the well known brewery's history.
Freddie Mac reports 30 year fixed rate at 5.77 percent for week ending Jan 6 down from 5.81. 2004 yearly average 5.84, second lowest on record. 15 year fixed at 5.21, 1 year ARM at 4.10. Analysts expect rates near 6.5 by year end. some foresee 7 percent.
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