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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Mar 01, 2005
Page
7
Market data from February 28 2005 shows Russell 2000 at 634.06 with NYSE diary advancing 1 324 and declining 1 987 while 14 unchanged and 35 volume 2 386 570 360. Nasdaq diary records advancing 1 314 and declining 1 836 with 58 new lows and 143 unchanged, volume 2 114 161 985.
RC2 Corp recalls 96,831 car based baby bottle warmers The First Years Quick Time Travel Warmer and the 2 in 1 Feeding Tote and Bottle Warmer model 1179 1320 citing overheating danger The firm plans a buy back starting in March from vehicles battery adapters used to heat bottles federal auto safety regulators disclosed Monday
Kellogg Co could add the heart healthy compound DHA to its cereal and cookie lines next year under a 15 year supply deal with Martek Biosciences Corp of Columbia Maryland. Martek spokeswoman Beth Parker said the omega three fatty acid docosahexaenoic acid is the product involved. No guarantee a Kellogg DHA fortified line will materialize.
Boca Raton couple Gary and Lisa Friedman win a $1 million arbitration award against Merrill Lynch & Co. for alleged intentional misconduct, hiding conflicts of interest and issuing fraudulent analyst reports. The NASD panel found Merrill Lynch used a rating system that overvalued many companies, awarding $300,000 in punitive damages.
Federated Department Stores plans an 11 billion deal to buy May Department Stores, aiming to create a nationwide Macy's branded network. The merger would unite Bloomingdale's with May's Marshall Field's, Lord & Taylor and Hecht's, affecting about 950 department stores and 700 bridal shops across the United States.
Federated Department Stores moves to acquire May Department Stores creating a top four general merchandise retailer. The combined group would employ about 111000 to 132000 workers with roughly 450 to 490 stores across 34 to 46 states, joining Macy's Bloomingdale's Lord & Taylor and Marshall Field's under one corporate banner.
AARP unveils an online service to connect workers aged 50 and older with jobs from 13 preselected employers including staffing firms. The site offers employer details, benefits, locations, and direct links to apply. The program reflects aging workforce concerns and notes some applicants were turned away.
Goodyear Tire & Rubber Co agrees to sell its farm tire business for 100 million dollars to Titan International Inc. The Freeport Illinois plant employs about 800. Titan plans to extend labor contracts through 2010. The sale requires regulatory and union approval. Titan projects 210 million in annual revenue from the acquisition.
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