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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jan 12, 2005
Page
7
The NYSE diary shows 1208 advances and 2066 declines with 165 unchanged and 1.98 billion shares traded. The Nasdaq diary records 952 advances and 2161 declines with 37 new lows and 142 unchanged on about 2.21 billion shares.
The Great Wolf Lodge, an $80 million resort, moves closer to approval as the City Council backs the planned unit development concept. It rezones 46.7 acres of Paramount’s Kings Island land from residential to private recreation for the project. The lodge will include a year round water park, a large conference center, 401 suites and a substantial outdoor pool.
Frisch's Restaurants Inc reports fiscal Q2 ended Dec 12 net earnings up 13.8 percent to 2.7 million, EPS up to 53 cents. Revenues grow 11 percent to 67.1 million. Six month results show earnings 5.64 million down 1 percent, revenues 151.5 million up 10 percent. Big Boy restaurant revenues rise 3.2 percent in Q2 with same store sales up 1.8 percent. The firm operates 89 Big Boy outlets in Ohio, Kentucky and Indiana.
General Motors recalls 98,221 2000 model year Chevrolet and GMC trucks vans and SUVs including C/K Silverado Suburban Savana Sierra and Yukon XL due to potential hydraulic pump drive shaft fracture causing loss of power steering and possible brake assist failure. NHTSA says drivers can still steer and brake. GM will notify owners next month and dealers will fix at no cost.
IRS ombudsman Nina Olson urges streamlined education and retirement incentives and calls for abolishing the alternative minimum tax. She says many Americans struggle with 83 page education credits and a dozen retirement plans while urging electronic filing without preparers.
Families praise A Place to Grow at Cincinnati Mills Mall an indoor playground and learning center that lets children burn energy while parents shop. Parents like Kara Baumer note kids are willing to visit stores and enjoy computer games while siblings play.
Apple introduced the Mac mini on Tuesday, confirming widely circulated rumors of a computer priced below 500. The compact unit will be available starting January 22.
The United Steelworkers of America and PACE merge to create what may be the nation's largest industrial union, claiming as many as 850,000 members across paper metals forestry energy and chemical sectors led by Leo Gerard. The new organization aims to boost membership and political clout while expanding coverage and worker protections.
Apple Chief Executive Steve Jobs unveiled a paperback sized Mac mini desktop computer starting at 499 for the 40 gigabyte model and 599 for an 80 gigabyte version. The device lacks a monitor keyboard and mouse and ships with Mac OS X Panther and the latest iLife. Apple also introduced a lower priced iPod at 99 as it targets the PC market and rivals with Windows based machines. Macworld Expo attendees heard Jobs promise the smallest and most affordable Mac yet to entice Windows users.
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