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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jan 26, 2005
Page
7
The diary reports NYSE and Nasdaq activity with numbers for advances new highs declines and unchanged, along with total volume. In May 2005 Jah 25 shows 1677 advances across NYSE. 1627 declines. 169 unchanged. Nasdaq records 1675 advances 43 new highs 1398 declines 158 unchanged. volumes around two billion shares.
The Chamber of Commerce will host a presentation on the proposed configuration of the Interstate 75 Ohio 122 interchange from 3:30 to 5 p.m. Feb 9 at chamber offices 1500 Central Ave Middletown. Middletown city engineer David Duritsch and URS Corp. member Steve Curless will attend. All business owners are urged to attend. For information call (513) 422-4551.
Advanced Drainage Systems Inc of St. Clair Township will receive an $80,000 Ohio Department of Development business development grant to upgrade machinery at its water treatment facility. The firm makes polyethylene drainage pipes. State officials said it beat Kentucky for the project, with expected creation of 22 jobs and retention of 195 positions.
Patrick Heinz chief executive of Innovation Fiber Optic Solutions will discuss competitive communications at the Chamber of Commerce lunch on February 3 at Forest Hills Country Club Middletown. Event begins 11 45 a.m. Lunch priced 15 for members 30 for non members call (513) 4224551 for details
Krispy Kreme Doughnuts Inc says lenders push back default deadline to March 25 and require consent before further borrowing. The Winston-Salem based company will change credit line terms to prevent new cash draws without lender approval.
Ohio saw a small 200 job drop from 5,354,700 to 5,354,500 in 2004, with Michigan down 46,500. Both states rely on manufacturing, facing structural cost and pension pressures. Gov Taft prioritizes job creation while tax reform aims to boost growth. Florida led gains with 172,300 new jobs, followed by California and Texas.
Flowers Foods Inc led with Nature's Own grain rich bread amid nutrition trends, posting 2003 sales of 1.45 billion and forecast 2004 sales of 1.5 to 1.52 billion. The fifth largest U.S. bakery, with 34 plants and no debt, credited for anticipating health needs and strong branding.
Prosecutor portrays Richard Scrushy as the overseer of a seven year scheme that inflated HealthSouth earnings by about 2.7 billion dollars while investors suffered. Defense argues a close group of executives known as the family hid misstatements from Scrushy. The judge warned the trial could last four months.
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