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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jul 29, 2005
Page
7
Market observers report July 28 2005 with shares advancing and declining figures. The data show 2441 new highs and 974 declines with 128 unchanged and volume around 2.02 billion shares. In the second set 1939 advancers and 163 unchanged with volume about 1.71 billion shares.
Federated Department Stores plans to retire long established regional names like Filene s and Famous Barr replacing them with Macy s in about 330 stores after acquiring May Co. The move includes selling 68 stores and keeping Lord & Taylor but studying Marshall Field s. About 13 500 workers will face few layoffs, with most offered other jobs. jobs not cut before March 1.
Walgreen Co will pay 1.3 million to state and federal agencies to settle civil claims over laws regulating pseudoephedrine in cold medicines and spend 1 million on a monitoring system. The company did not admit wrongdoing.
Lars Nyberg leaves NCR after serving as chief executive from 1995 to 2003 and guiding the return to independent operation. Interim CEO James M. Ringler rises to chairman as NCR seeks a successor to Mark Hurd, who left earlier this year. Nyberg will stay as director until October 26.
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