Market Watch Digest for March 10, 2005
NYSE diary shows 1 385 advances 50 new highs 1 908 declines 163 unchanged with volume 2 049 726 620. Nasdaq diary reports 1 251 advances 7 821 declines 70 new lows 174 unchanged with volume 1 789 420 149.
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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Mar 11, 2005
Page
9
NYSE diary shows 1 385 advances 50 new highs 1 908 declines 163 unchanged with volume 2 049 726 620. Nasdaq diary reports 1 251 advances 7 821 declines 70 new lows 174 unchanged with volume 1 789 420 149.
NEW YORK Several large U S retailers reported higher profits for the latest quarter aided by stronger sales. Dillard's Inc posted more than double the fourth quarter profit as holidays boosted full priced selling. The Children's Place Retail Stores Inc and Shoe Carnival Inc also showed big earnings jumps with upbeat forecasts.
Microsoft Corp plans to acquire Groove Networks Inc. and appoint Ray Ozzie, founder and chief executive, as chief technical officer reporting to Bill Gates. Ozzie, known for co creating Lotus Notes, joins Microsoft to oversee collaboration software initiatives.
Detroit Ford Motor Co and auto supplier Visteon Corp have reached a financial agreement to bolster the former Ford division’s bottom line while ensuring Ford keeps a steady component supply. The deal aims to aid Visteon as it recovers from struggles and stabilize Ford’s access to parts.
Hamilton County commissioners on Thursday unanimously approved two 10 year tax abatements for Fairfield and Monroe companies. The expansions include Pacific Manufacturing in Fairfield and Precision Packaging in Monroe, projected to add 346 jobs, about 10.9 million dollars in payroll and 19.9 to 39.2 million dollars in new investment.
Federal Reserve Chairman Alan Greenspan warned that future budget deficits pose a bigger risk to the economy than trade imbalances or low savings. He cited rising deficits as baby boomers retire in 2008, saying fiscal prospects pose a significant obstacle to long term stability.
Gas America stores nationwide recall 8 ounce Eastside deli beef and cheese subs after Michigan detects Listeria contamination during routine sampling. No illnesses reported. sandwiches distributed to Ohio Michigan Indiana. production suspended while source investigated. Eastside Deli Supply Inc. contact 517 485 4630.
A Chicago feature promotes Emily Thacker's The Vinegar Book a 308 remedy and recipe collection claimed to aid appetite cholesterol immunity and arthritis. The ad touts natural health benefits from vinegar beta carotene and pectin with a no risk trial of 90 days priced at 12.95 plus shipping and optional 2 for 20 and states a guaranteed return and free bonus booklet Brain & Health Power Foods.
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