Market Watch May 16 2005 performance snapshot
Market watch item reports market activity on May 16 2005 with Russell and Nasdaq figures. Details include advances declines new highs and lows trading volume for both indices.
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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
May 17, 2005
Page
7
Delphi seeks 2.5 to 3 billion loan plan
Delphi Corp the largest US auto supplier met with banks to discuss borrowing 25 to 30 hundred million dollars in loans In a SEC filing the company disclosed two lower and mid level executives have resigned amid an ongoing accounting investigation The firings bring to four the total resignations tied to the probe which began last fall and is being handled by the SEC and FBI The CFO and controller resigned in March over errors
MENTIONED IN THIS ARTICLE
Detroit
Delphi Corp
U.S
U.S. Securities and Exchange Commission
Delphi
Claudia Baucus
SEC
FBI
UPS to Buy Overnite Corp in 1.25 Billion Freight Deal
UPS Inc, the world's biggest shipping carrier, will acquire trucking firm Overnite Corp for 1.25 billion dollars in a move to expand its freight delivery business. The deal, UPS's largest single acquisition, follows a 24 million dollar plan to build five regional freight hubs at airports nationwide. Oversize shares jumped 43 percent as rivals vowed not to back down.
MENTIONED IN THIS ARTICLE
Atlanta
UPS Inc
Overnite Corp
UPS
Oversue
Limited Brands Profit Drops Amid Express Mistakes
Limited Brands Inc, owner of Victoria's Secret and Bath & Body Works, reported a first quarter profit decline of 76 percent from a year ago when a large one time gain boosted earnings. The Columbus based retailer missed estimates, cut its second quarter and full year outlook, and posted $23.1 million in net income on April 30 with $1.98 billion in revenue.
MENTIONED IN THIS ARTICLE
Columbus
Limited Brands Inc
Victoria’s Secret
Bath & Body Works
Oil prices dip to 47 a barrel as OPEC pledges supply
New York traders watched oil slip after OPEC signaled readiness to keep markets well supplied. June crude declined to $47.60 intraday and settled at $48.61 on the Nymex. Heating oil futures fell to $1.3503 a gallon and unleaded gasoline to $1.4052.
MENTIONED IN THIS ARTICLE
New York
OPEC
New York Mercantile Exchange
United Airlines talks drag as unions threaten strike in bankruptcy case
United Airlines and its unions remain without a settlement as a federal judge nears a ruling on replacing contracts with lower pay and benefits. IAM and AMFA threaten to strike if contracts are broken, while attendants' group also weighs action.
MENTIONED IN THIS ARTICLE
Chicago
United Airlines
Eugene Wedloff
United
Aircraft Mechanics Fraternal Association
International Association of Machinists and Aerospace Workers
Association of
Supreme Court backs direct wine shipments across states
The Supreme Court, in a 5-4 decision, struck down New York and Michigan laws banning interstate direct wine shipments. The ruling held state bans discriminatory and anti competitive, upholding evenhanded access for both in state and out of state wineries.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
New York
Michigan
Anthony Kennedy
Antonin Scalia
David H. Souter
Ruth Bader Ginsburg
Stephen G. Breyer
Nies
Clarence Thomas
Clint Bolick
Institute For Justice
Juanita Swedenburg
Middleburg
America
German Sober.q virus spams right wing links worldwide
A new Sober.q worm spreads spam in English and German over the weekend. It sends emails from infected PCs with links to news stories and a Web site that tries to infect more machines. The messages reference Nazi and right wing themes, including links to the NPD.
MENTIONED IN THIS ARTICLE
New York
Vincent Gullot
McAfee Inc
NPD
Germany
Dresden
McAfee
Gullotto
McDonald’s tests healthier oil for fries in select stores
McDonald’s is testing a healthier oil blend for its fries at a limited number of restaurants to gauge customer feedback. The company has been slow to switch since promising to halve trans fat in 2002 and delaying the plan in 2003 citing quality and satisfaction concerns. Experts warn changes could affect taste and texture, while McDonald’s notes progress in reducing trans fat across items like Chicken McNuggets and McChickens.
MENTIONED IN THIS ARTICLE
Chicago
McDonald's
Walt Riker
Riker
Oak Brook
Janna Sampson
Oakbrook Investments
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Standard
Kangar
IAM
Joseph Tiberi
AMFA
San Francisco
Ment
Michael Dingboom
Wine Industry
High Court
California
The
Associated Press
Calif
Texas
Adams Wine Handbook
N.J
Genentch
Newmtm
NYSE
BuriRsc
A GenElec
Newscpa N
Calpine
NobleCorp
AES Cp
CaremkRx
Gillette
NobleEngy
AMR
Cendant
Globalsfe
NokiaCp
AbtLab
Goldmans
NortelNet
AMD
Goodyear
Nucor S
OcciPet
Agilent
Citigro
Hewlett P
Pfizer
Allstate
Coeur
PioNtri
Altria
ConocPhil
INCO
ProctGam
CtiAir
IBM
Prudent
AmintGp If
AmTower
Corning
IntPap
Qwestem
Anadrk
Catwdens
RiteAid
Delphi F
Jpmorgch
SBC Com
Apache
Deltadir
Janus Cap
Schimb
ArchDan
Devones
KerrMe
Seagate T
BP PLC
Disney
LSI Log
Selectra
BakrHu
DowChm
LehmBr
SouthnCo
BkofAms
DuPont
Libtyma
SwstAir
BKNY
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Spratfon
BellSouth
Etrade
LowesCos
SunGard
Blocklistr
EMC Cp
Lucent
TXU Corp
el Paso Cp
Lyondell
Elan
MBNA
ENSCO
ManorCare
Exelon
Marathon
ExxonMb
Fanniem II
Merck
Fedros
Merrilllyn
Micront
Fordm
I Monsato
MorgStan
Gap
Motorola
Gateway
Noilvarco
AK Steel
Cincinnati Bell
Dp&l
General Motors
Material Sciences
Meadwestvace
NCR
P&g
Pactiv
REX Stores
Temple-inland
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Worthington
Xerox Corp
Nasdaq
TainSemi
TollBros Transoen Tycoint
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US Bancro
Ussteel
Valeroe S
Wachovia
WalMart
Warnerm
Mat
WellsFrgo
Xerium
Xerox
Socantat
Don Owens
McDonald’s
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