Market Watch Summary June 15 2005
Market watch notes 1 966 new highs 1 292 declines 170 unchanged. Nasdaq diary records 1 705 advanced 125 declines 32 unchanged 190 with volume around 1.9 billion shares. No explicit firms or prices contained.
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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jun 16, 2005
Page
11
Market watch notes 1 966 new highs 1 292 declines 170 unchanged. Nasdaq diary records 1 705 advanced 125 declines 32 unchanged 190 with volume around 1.9 billion shares. No explicit firms or prices contained.
First Financial Bancorp has hired Gregory Gehlmann as its new senior vice president and general counsel. Gehlmann will join later this month after serving as counsel at Manatt, Phelps & Phillips LLP in Washington, D.C., where he advised public and private companies and financial institutions nationwide. He earned a bachelor's in political science from the University of Dayton.
The Butler-Warren Workforce Investment Board recognized Forte Industrial Equipment Systems of Mason and Butler Technology and Career Development School of Fairfield Township with the Investing in People Award for ongoing local workforce development. Forte designs and implements distribution systems while Butler Tech serves more than 6,300 high school and 7,900 adult students at its D. Russell Lee campus and nine associate districts. Scott Freeman joined Riley's Furniture & Mattress Gallery's management apprentice program, after earning a business degree from Miami University and prior work in electronics and auto dealerships. The Monroe-based apprenticeship covers delivery, warehouse, clerical, HR, advertising, finance, purchasing and sales.
DETROIT General Motors Corp. faces rising health care costs and slowing auto sales as it seeks to cut costs. The UAW rejected a request to relinquish as much as 2 billion dollars a year in health care and pension benefits, proposing instead savings of 200 to 400 million annually through higher co pays, premium adjustments, and narrowed insurance plans within the existing contract.
Ohio hospitals and District 1199 of the Service Employees International Union clash over charity care and tax exemptions. The union says tax benefits totaled 898 million dollars in 2003 while uncompensated care reached 219 million, prompting a legislative hearing convened by Rep. Barbara Sykes. Hospitals counter that they provide far more community benefit than tax breaks, citing 1.004 billion in uncompensated care and detailing factors behind discrepancies.
Fort Hamilton Hospital in Hamilton received the Baxter Excellence in Patient Safety Award at the National Teaching Institute in New Orleans for cutting catheter related bloodstream infections by 50 percent. The Cincinnati Collaborative for Patient Safety launched the project in 2003 with 10 area hospitals and saw wider protocol adoption across emergency radiology cardiovascular and medical surgical units.
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