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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Oct 01, 2004
Page
9
The report shows 1,943 new highs and 1,315 new lows with 165 unchanged as volume reaches 2,328,865,829. Nasdaq diary lists 1,737 advances, 1,331 declines and 401 unchanged with volume of 1,615,578,157.
Toyota Motor Corp says it will double Prius hybrid allocations in the United States for 2005 as it aims to sell 300,000 hybrids worldwide by year end. The move follows Prius US sales reaching 100,000 since its 2000 launch, with 55 mpg EPA fuel economy cited.
Fairfield Ohio July 2003 Jeffery Haniewich chief operating officer of Ohio Casualty Insurance Co Commercial Lines Division resigns to pursue other opportunities. A successor search is under way. Haniewich age 57 joined the company in 1998 and became COO in 2001. The firm posted 2003 revenue of 1.67 billion.
PepsiCo will shutter plants in Allen Park Michigan Council Bluffs Iowa Beaverton Oregon and Visalia California as part of a production streamline. About 250 of 780 jobs will move to other Frito-Lay sites while production rises at 24 locations. U S staff stays about 45 000. total PepsiCo employees were 143 000 at 2003 year end.
General Mills will convert 29 cereals to whole grain including Trix Golden Grahams Lucky Charms and Rice Chex with October launch. The move follows nutrition trends and a federal panel's push for healthier grains while several brands like Cheerios Wheaties Total and Wheat Chex are already whole grain.
August spending remained flat as consumers faced high gasoline prices and hurricane disruptions. July spending rose 1.1 percent, income up 0.4 percent, and unemployment claims reached a seasonally adjusted 369000 as hurricanes Charley Frances and Ivan impacted jobless data. Wall Street reflected weak data with the Dow down and Nasdaq near flat. Bush defends tax cuts as Kerry critiques them amid election rhetoric.
Insurers face a price retreat after years of rate hikes and hurricane losses. In Q2 2004, 81 percent of commercial property policies renewed for less and 31 percent of commercial auto policies fell, with property premiums dropping 8.8 percent late 2003 and easing early 2004. Experts cite competition, buyers wary of price hikes, and post 9/11 capital influx as drivers. Hurricane risk may pinch rates, but broad property underwriting could stay competitive across regions.
Kroger introduces the 1 2 3 REWARDS Master Card for Dayton and Cincinnati shoppers via Kroger stores and Kroger Personal Finance. Customers earn up to five points per dollar, redeemable as $10 rewards per 1000 points, with quarterly mailed rewards and a 0 percent intro APR on balance transfers for six months.
Delphi Corp will lay off 120 workers at its Thermal and Interior plant in Vandalia starting Monday due to reduced demand for airbags and door panels. The plant now employs 416 hourly workers and 72 salaried staff, with notices issued Wednesday. the local United Steelworkers Local 87 says layoffs are indefinite. Delphi’s regional workforce has fallen from 15,000 seven years ago to about 8,700.
Acambis Inc of Cambridge and Bavarian Nordic A/S of Denmark won government contracts totaling over 200 million dollars to develop a possibly safer smallpox vaccine using a modified virus. Current vaccines use live vaccinia and pose risks to those with weakened immunity.
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