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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Nov 13, 2004
Page
6
Nasdaq diary shows 2,440 new highs and 49 declines with 144 unchanged and volume of 1,997,577,320. The advanced list notes 1,985 new highs and 34 declines while 1,173 drops and 177 new lows appear in the data.
Florida economists say reconstruction from four hurricanes and a booming housing market will lift this year’s tax collections by about 1.6 billion and next year by 1.4 billion. The housing surge adds 1.3 billion and reconstruction 319 million this year, with 1 billion in business investment and 432 million from recovery next year. Revenue estimates reach 23.6 billion for 2004-05 and 24.5 billion for 2005-06.
Vanessa Castagna, brought from Wal Mart five years ago to revive Penney's department store division, has left weeks after being passed over for the retailer's top job. Ken Hicks will assume Castagna's duties on an interim basis as Allen Questrom, who had supported Castagna, exits when his contract ends.
Homeowners like Bob Sadlowski of Easthampton mass and R J Moore of Kansas City brace for steep costs as heating oil and natural gas prices rise. The Energy Department projects heating oil bills up 37 percent and natural gas up 15 percent from last year while inventories tighten but are expected to improve. Crude prices remain elevated, with December oil near 47 30 a barrel and gas futures up about 50 percent from a year ago.
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