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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
May 26, 2005
Page
11
The S&P 500 stands at 606.40 and the Nasdaq at 1,047 with new highs 1,065 and 1,985 new lows reported. The Russell 2000 is at an unspecified level with volume around 1.82 billion, while the NYSE diary notes unchanged 163 and volume 1.82 billion.
Northwest Airlines urges Congress to grant 25 years to fund underfunded pension plans, now $3.8 billion short, delaying potential bankruptcy consideration. Andrea Fischer Newman, senior VP, says time factor shapes decisions, beyond other factors. Visteon and Ford strike restructuring deal. Ford to take back 24 plants and pay $550 million, aiming to save on parts costs, with final agreement due by August 1.
Gannett Co. named Craig A. Dubow its new chief executive, succeeding Douglas H. McCorkindale who will stay as chairman. Dubow will assume the post on July 15 as the company continues its leadership transition and strategic plans.
Miami Township officials say Wal-Mart plans a Supercenter on a 33 acre tract on Kingsridge Drive behind the Dayton Mall between an old Kmart I 675 and Fuddruckers. The Montgomery County sixth store would sit near an existing Wal Mart on Springboro Pike with permits and wetlands work under review.
Springboro selects Miller-Valentine Group to develop its 89 acre portion of the 250 acre South Tech Business Park along Ohio 741 and Interstate 75. Austin Road interchange design options have been submitted to ODOT for review with a decision due in June to guide project cost and scope. The project aims to spur high tech growth and about 28,000 jobs in the Miami Valley.
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