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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jul 06, 2005
Page
7
A concise briefing covers market moves, corporate earnings, and notable industry developments drawn from staff writers and wire dispatches. Key figures include major indices, corporate leaders, and upcoming financial events shaping trading and investment sentiment.
Clark Schaefer Hackett Co announces John Parks as principal accountant. Parks, OSCP and AICPA affiliated, is a 1992 OSU graduate. Trevor Jones, Melissa Barger, Robin Dennis and John Masheck rise to staff II. Debbie Gray becomes human resources coordinator and Lance Drummond senior plan administrator. Offices operate in Middletown Cincinnati Dayton Columbus and Springfield.
Sanyo Electric announced a sweeping three year restructuring that will trim 14,000 positions worldwide, 8,000 in Japan, and 6,000 overseas. The cuts come as prices drop for cameras and DVD players and after earthquake damage hit a plant. The company aims to save 70 billion yen and reduce debt by half, in a drive led by new management.
GM prolongs its employee prices for everyone promotion after a 41 percent June sales jump, pressuring DaimlerChrysler and Ford to follow. The move aims to trim excess inventory as TrailBlazer and Envoy sales surge 52 and 92 percent, with the Envoy dropping from 31,460 to 25,188 in current promo terms.
The workforce development boards of Butler Warren and Clermont counties merge to form the Workforce One Investment Area the fifth largest system in Ohio. Commissioners agreed to unify operations under one board with nine members from each county to begin meetings next week. The new board will oversee federal Workforce Investment Act programs and aim to improve communication and share best practices across the region.
Kroger ranked third in the nation and first among supermarkets in Stores magazine’s The Nation’s Retail Power Players 2005. With 2,532 grocery stores and 800 convenience stores, Kroger runs fuel centers surpassing 550 locations and plans 50 more by year end, adapting formats to local markets amid Walmart competition.
The Daily Market Roundup shows a broad market session with 2,157 advances and 1,144 declines, 128 unchanged, and total volume around 1.847 billion shares. New highs reached 336 while new lows were 21, indicating overall strength amid mixed trading.
Middletown Laboratory Services moves its testing office to a 2,600 square foot site at 62 N. Breiel Blvd on July 18. The business, now with eight employees serving 60 to 80 customers daily, operates from 312 S. Breiel and serves multiple area communities. CompuNet Clinical Laboratories owns the company since May 2003 and cites aging population and rising physician test orders as drivers of demand while highlighting improved accessibility and parking at the new location.
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