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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jan 20, 2005
Page
7
NYSE diaries show 1 318 new highs and 2 014 declines with 183 new highs. Nasdaq reports 995 advances and 2 134 declines with 127 unchanged. Total volume across exchanges near 1.95 and 2.18 billion shares respectively.
LCNB Corp the parent of Lebanon Citizens National Bank announced 2004 earnings of 6.596 million dollars or 1.97 per share just under 2003 results. Return on assets stood at 1.29 percent for 2004 and 1.31 percent for 2003. Growth in commercial real estate residential real estate and Homeline equity loans helped Loans rise by 18.8 million dollars or 5.9 percent. LCNB operates 19 offices across Warren Butler Clinton Clermont and Hamilton counties.
Maytag Corp. announced it will cease selling Maytag branded appliances in Best Buy retail locations. The move comes after years of declining sales, with 2004 white goods sales at Best Buy accounting for about 1 percent of Maytag's consolidated revenue. The discontinuation takes effect in the first quarter of 2005.
Goodyear unveiled a self sealing DuraSeal truck tire at the World of Concrete in Las Vegas aimed at logging landfills and construction fleets. The gel inside tames punctures from nails, extending tire life from roughly three weeks to about six times longer and promising lower downtime and higher margins for the company. Local fleets and purchasers like Rinker Materials praised the demonstration, weighing added cost against potential savings.
In Cincinnati P G is weathering competition through early cost cuts and a focus on boosting sales of its largest brands. Wall Street and analysts anticipate second quarter earnings of 71 to 72 cents a share, up 9 to 11 percent, with full-year guidance of 2.59 to 2.61 per share, about 12 percent higher than last year, though rising costs may limit upside surprises.
The Dallas report shows Southwest Airlines earning a fourth quarter profit while American and Northwest lost over 800 million dollars each. The gap between winners and losers narrowed in 2004, but 2005 remains challenging for all carriers as investors push airline stocks down on continued turbulence.
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