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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jul 12, 2005
Page
7
The NYSE diary shows 2372 advances versus 942 declines with 490 new lows and 136 unchanged, on volume of 1.84 billion. The Nasdaq diary records 2141 advances, 921 declines, 17 new lows, 157 unchanged, on volume around 1.77 billion.
Visa USA named John Philip Coghlan as chief executive, bringing a leader from outside the credit card industry to help defuse merchant resistance to rising transaction fees. Coghlan, 54, spent 17 years at Charles Schwab Corp in top retail roles before resigning to pursue a CEO post, replacing Carl Pascarella who planned retirement.
Amsterdam based VNU NV owner of Nielsen Media Research agreed to acquire U S health data firm IMS Health Inc in a 6 57 billion cash and stock deal The combination would create a data industry leader with estimated 2004 revenue of 5 6 billion and closes in the first quarter next year marking VNU s largest deal since acquiring Nielsen in 2001.
DreamWorks Animation SKG warned of a second quarter loss and cut its full year outlook as regulators probe trading of its stock and first quarter results. Shares fell over 13 percent to a new low. Principal shareholders postponed a $500 million stock offering, while the company cited waning home video demand and higher reserves for returned products as reasons for weaker earnings.
Oil prices slid below 59 a barrel as Hurricane Dennis spared Gulf production and refining, easing supply fears. Brent and WTI eased with China demand growth slowing, while U.S. weekly fuel data and Gulf shut-ins limited losses. Analysts see a short-term dip but anticipate long-term tight supplies and energy demand from China and EU growth.
El Rancho Grande owner Francisco Magana plans a new 4700 square foot restaurant on Terhune Drive in Middletown to replace the Culbertson Road location. The building, valued around 400000 dollars, aims to open after 90 to 120 days and could employ about 25 people. The chain operates ten restaurants in the region.
A brief market note indicates local stocks list is not available. No specific companies or figures are provided. The item reads as a short bulletin acknowledging missing data and recording no pricing details or changes. The tone resembles a placeholder in a financial column.
Ford begins online orders for the 2006 Mercury Mariner gas electric SUV with dealership pickup for deposits and trade ins. Prices start at 29840. Buyers are assigned a personal sales consultant and may test drive standard Mariners at dealers.
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