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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jul 07, 2005
Page
9
Market watch for July 6 2005 shows NYSE totals with 1 388 advanced 294 new highs 1870 declines 157 unchanged and volume 1 892 990 560. Nasdaq totals list 1 266 advanced 1 748 declines and 26 new lows.
Adobe Systems warns of a security flaw in Reader versions 5.0.9 and 5.0.10 for Unix that could let a hacker seize control by mailing malicious PDF files. Unpatched users opening such files risk hard-drive compromise. Adobe posted a fix and said no breaches were yet reported.
Liberty Township trustees consider a Joint Economic Development District with Middletown to fund the Liberty Interchange project. Talks focus on tax shares with Mason and Hamilton and whether noncontiguity can block an agreement. Hamilton seeks 17 percent plus fees. Mason favored, while Middletown weighs interest amid competing proposals.
Activity in the non-manufacturing sector rose to 62.2 in June from 58.5 in May, signaling continued expansion for the 27th straight month. Strong auto sales, led by General Motors and Asian brands, boosted consumer spending though higher energy prices may slow growth later. Dow fell after energy-driven declines despite the upbeat ISM index.
Oil prices rose nearly 3 percent to a record above 61 dollars as Tropical Storm Cindy disrupted Gulf production and refining. Analysts warn of rising retail gasoline costs with regional outages and thin global supply, predicting pump prices could surpass 2.30 dollars per gallon nationwide next week.
The Energy Department reports light sweet crude for August delivery rose 1.69 to settle at 61.28 per barrel on the New York Mercantile Exchange. The move sets a new record on the exchange, surpassing the prior high of 60.54 set June 27.
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