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Middletown Journal in Middletown, Ohio

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Newspaper

Middletown Journal

Location

Middletown, Ohio, United States of America

Date

Jun 17, 2005

Page

7

Market Watch Diary Summary June 16 2005

NYSE diary shows 2 221 new highs 1 062 declines 239 new lows with 150 unchanged and volume 1 826 000 598. Nasdaq diary lists 1 990 new highs 137 declines 1 033 ageing 1/577 unchanged with volume 1 816 592 686.

AK Steel Announces July Surcharges for Steel and Electrical Steel

AK Steel Corp told flat rolled steel customers of a $208 per ton surcharge on July invoices and electrical steel customers of a $200 per ton surcharge for shipments next month. The surcharges reflect higher raw material and energy costs used in steel production.

AK Steel Corp

Smucker reports slide in profits

Smucker, the leading jelly maker, posted a drop in fourth quarter profit despite higher sales, hit by restructuring charges and costs from brand acquisitions from International Multifoods. The company warned fiscal 2006 earnings would miss Wall Street expectations.

Oarville Ohio J.M. Smucker Co International Multifoods Corp Wall Street

Refiners plan to curb pollution across 20 refineries

Valero Energy Corp Tesoro Corp and Sunoco Inc will install about 1 billion dollars in new pollution controls at 20 oil refineries. They will also pay total fines of 8.5 million dollars in settlements with the federal government and seven states over alleged clean air law violations. The covered refineries account for about 15 percent of U.S. refining capacity.

Washington Valero Energy Corp Tesoro Corp Sunoco Inc Texas Pennsylvania

Pfizer to buy Vicuron for 1.9 billion in cash

Pfizer Inc. offers 29.10 a share for Vicuron Pharmaceuticals in a 1.9 billion cash deal a 74 percent premium to Vicuron's 90 day average. The transaction aims to acquire Vicuron's new breed of antibiotics and expand Pfizer's biotech portfolio.

New York Pfizer Inc Pfizer Vicuron Pharmaceuticals Biotech

Airbus leads Paris Air Show with 138 new orders

Airbus announced 138 new passenger orders at Le Bourget, bringing its total to 261 jets sold at the Paris Air Show. Boeing closed with 146 total deals as IndiGo, a new Indian airline, placed a surprise 100-plane order, widening the gap in dealmaking on day four. Boeing indicated no further announcements were expected at the show.

Paris Airbus le Bourget

Congress eyeing federal notice rule for data breaches

Lawmakers in the Senate Commerce Committee move toward bipartisan federal legislation requiring businesses to notify consumers when security breaches expose personal data. Support comes from both parties, with emphasis on timely consumer protection and penalties up to 50 000 per day for noncompliance.

Washington Senate Commerce Committee Gordon Smith Daniel K. Inouye Hawaii Dianne Feinstein D-Calif California Feinstein Cyber Security Industry Alliance ChoicePoint Doug Curling Curling

Mortgage rates rise as 30 year hits 5.63 percent

Freddie Mac reports 30-year fixed mortgage averages at 5.63 percent, up from 5.56 percent, marking the first weekly increase in five weeks. The report notes strong demand with housing starts at 2.009 million in May, and ongoing rate declines earlier aiding home sales and construction. Frank Nothart of Freddie Mac comments the rate remains below last year’s levels.

Washington Freddie Mac Federal Reserve Frank Nothart Mortgage Bankers Association Nothart

Oil Prices Jump To Ten Week High Amid Strong Demand

Oil prices rose about a dollar to a ten week high as gasoline demand stays strong. Light crude for July increased to 56.58 on the New York Mercantile Exchange and August Brent to 56.12 on the London ICE. Analysts say tight refining capacity and limited production capacity keep prices elevated, with a forecast to reach 60 a barrel unless demand slows.

Washington OPEC New York Mercantile Exchange International Petroleum Exchange London Brent Carl Larry Barclays Capital New York Larry United States China

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Nyse Diary Standard & Poor Smucker Vicuron Boeing Congress ChoicePoint Inc Alpharetta Seisent Unit LexisNexis America Bill Nelson D-Fla Chuck Schumer D-Ny Federal Trade Commission Cox News Service By Martin Crutsinger The Associated Press QwestCm NYSE SBC Com ACE Ltd St Paul Trav AK Steel Saks AMR Sara Lee At&t Scherg P AbtLab Schimb Accenture Schwab Agere tAil Albi Spratfon Alcoa Strykers Allstate SunGard Altria al AmExp Taiw Anheusr Avaya Timewarn BakrHu Toyru BkofAms Transccn BellSouth AB Tycoint BestBuy US Bancro Ussteel Boeing If BostonSci UldhithGp BrMySq Unocal CMS Eng UnumProv CVS Cp Valeroe S Calpine VerizonCm CardinHith Viacom B Caterpills Wachovia Cendant WalMart Waigrn ChevTex S Citigro WellsFrgo Coca Wdi ConocPhil WmsCos Corning Wyeth Camwdens Associated Press Delphi Devone S Disney Dupont DukeEgg Etrade Ekodak Hi Stock Chng Elan EDS ExxonMbl Jpmorgan Chase Fanniem If Cincinnati Bell First al Fordm Cinergy FredMac Convergys Corp Op&l Gap Genentchs Genera! Motors GenElec Material Sciences P&g AS Hallibin Pactiv REX Stores Hewlettp Temple-inland HomeOp Wausau-Mosinee Honcilint Worthington IBM Xerox Corp intiGame Jpmorgch Jonnin Kohis First Financial Smurfit-Stone Kroger Oak Hill Fin Lehm Br Ohio Casualty Libtyma LibtProp LillyEll Lowes Cos Lucent Lyondel Medicnic Merck Merrililyn Micront MorgStan Motorola NatSemis Newmtm Newscpa Newscpg NokiaCp NortelNet Nucor Penney le PepsiCo Dixie Highway Schaefer & Atkins Law Firm Middletownlaw.com Tue Middletown Journal James M. Cox, Jr Bill Moore
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