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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Nov 09, 2004
Page
7
Market data snapshot shows Russell 2000 at 602.08 with 92 and 21 readings, NYSE diary reports 1,257 advances and 2,046 declines with 196 new lows, 139 unchanged and volume 1.713 billion. Nasdaq diary lists 1,413 advances and 1,678 declines with 158 new highs and volume 1.595 billion.
Crude futures slipped to as low as $48.60 before settling at $49.09 a barrel on the New York Mercantile Exchange. December heating oil futures edged down, natural gas futures fell about 34.9 cents, and gasoline futures declined 1.18 cents amid a shift of investor funds from commodities to equities.
Former Enron chief executive Jeffrey Skilling asks that his trial be moved from Houston to Phoenix Atlanta or Denver. His attorney argues many potential jurors in the Houston area associate him with words like pig snake and evil due to Enron's 2001 collapse. The filing requests change of venue for Skilling Lay and Causey.
Securities regulators accuse H R Block Financial Advisors of fraud in selling about 16 million dollars of Enron bonds nationwide in late 2001. They allegedly touted the bonds as safe as Enron began to collapse. The NASD announced its complaint against the investment division of the tax preparer.
Kmart Holding Corp. in Troy announces the Kmart Rewards credit card to boost loyalty with no annual fee. It offers $10 off the initial $50 purchase, a $10 reward per $250 in purchases, and 90 day same as cash financing on purchases over $100 during the 2004 holiday season.
Procter and Gamble plans fresh product launches to sustain 4 to 6 percent annual sales growth and higher earnings. A.G. Lafley leads the drive with focus on baby markets and consumer feedback. About 2,000 managers will gather in Cincinnati to discuss innovation and distribution improvements.
Jones Soda Co expands its quirky line with five Thanksgiving flavors Green Bean Casserole Mashed Potato and Fruit Cake plus Turkey & Gravy returning for the season These calorie and carb free vegan kosher drinks will be sold at Target and other retailers for 14.95 to 16.95 with proceeds to Toys for Tots Sales begin Thursday and up to 15 000 five packs will be produced Known for odd flavors the company traces its roots to 1987 and now offers sodas juice and energy drinks nationwide
IBM's Blue Gene/L has been named the fastest supercomputer by the Top 500 project clocking 70.72 trillion calculations per second, nearly double Japan's Earth Simulator. It will be installed at Lawrence Livermore National Laboratory next year for nuclear stockpile studies and other research, consuming about 1 million dollars annually in electricity.
Pfizer plans a severe black box warning for Bextra after safety concerns tied to Stevens Johnson syndrome. The move follows a pattern with Vioxx and highlights risks of serious skin reactions leading to hospitalization and high mortality in some cases.
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