Market Watch July 30 2004 NYSE Nasdaq diaries
Market watch figures show NYSE advanced 2050 new highs and 1189 declines with 141 unchanged on volume of 1.57 billion. Nasdaq diary notes similar activity with listed volume.
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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jul 31, 2004
Page
6
Market watch figures show NYSE advanced 2050 new highs and 1189 declines with 141 unchanged on volume of 1.57 billion. Nasdaq diary notes similar activity with listed volume.
Milacron Inc a global supplier of plastics processing technologies and metalworking fluids posted a second quarter loss of 27.8 million or 64 cents per share on 191.7 million in sales. A year earlier the loss was 91.3 million or 2.72 per share on 181.6 million in sales. The quarter included 14.6 million refinancing costs 1.7 million restructuring costs and a 6.4 million one time write off that raised interest expense.
New Viacom co-president Tom Freston reshuffles the ranks and elevates MTV veteran Bob Bakish to executive vice president. Bakish will jointly guide Viacom’s direction including Paramount, MTV networks VH1 and Simon & Schuster. The shakeup marks Freston’s broader strategic push as he and Les Moonves vie for the CEO role.
The energy sector adopts a conservative production stance to sustain profits amid tight oil and natural gas supplies. Oil futures hit a record as demand holds, with September delivery near 43.80 a barrel and national gasoline averaging 1.90 per gallon.
Dell Products Corp seeks a 15.4 million distribution center in West Chester Township to create 665 full time jobs within three years. The Ohio Tax Credit Authority approved a 70 percent 10 year credit worth 1.7 million with a 20 year operations requirement. Dell identifies West Chester as a final site after a multi state search and mid August is a likely decision timeline.
Delta Air Lines chief executive Gerald Grinstein warned pilots that the airline needs at least $1 billion in concessions, beyond their proposed $655 to $705 million annual savings, or risk Chapter 11. The Delta pilots union said details of a comprehensive plan are needed and criticized the lack of specifics in management’s counterproposal.
A compact market update fragment shows figures in ranges and percentages, with identifiers such as 88484 23274 4 31728 3L and 05261 7.60 6.94 32913 35.83 35.04 34989 13.89 13.58 13. 45 547 77.76 72.25 76.3 The Assoc.
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