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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Oct 02, 2004
Page
6
Market watch for October 1, 2004 reports 2414 advanced issues, 325 new highs, 831 declines, 142 unchanged, total volume 1,954,515,140 shares. No explicit company names or dates beyond the day.
The Armco Employees Independent Federation outlines its final election slate. Incumbent James Fetters and Daniel Rich run for vice president, with eight seek trustee seats including Bruce Gibbs and Donald Magee. Brian Daley runs unopposed for secretary treasurer. Voting is 6 am to 5 pm at 1100 Crawford St, with absentee hours Mon–Wed. Ballots counted at the Coles Road VFW social center. The union represents about 3,000 AK Steel Middletown Works workers.
ALPA led talks in Charlotte with 70 to 80 pilots, representing more than 3,000 pilots, toward a tentative contract to save US Airways about 300 million annually and total concessions of roughly 7 billion dollars since 2002. Captains earn 120k to 150k, first officers 75k to 100k. Bruce Lakefield praised the tentative agreement.
Merck pulled Vioxx amid a long term cancer prevention trial revealing doubled risk of heart attack and stroke, echoing Wyeth hormone therapy findings that raised heart attack stroke and breast cancer risks. Bristol-Myers Pravachol faced an unfavorable head to head against Lipitor, alarming the drug industry.
Public Citizen and bioethicists urge stronger FDA action to compel post approval safety research. Experts criticize reliance on industry led data and call for clearer warnings and tougher labeling on antidepressants and other drugs. Merck and Wyeth studies prompt debate on post market risk identification and policy gaps.
The U S Postal Service canceled the PhotoStamps test with Stamps.com that let customers turn personal photos into postage. About 2 million stamps were ordered in seven weeks, including some images of notorious figures. the program is under review for 90 days.
Fairfield based O'Gara H ess Eisenhardt extends a Defense Department contract as Armor Holdings, sole Up Armored Humvee supplier, reports a rising production backlog into 2006. President Robert F Mecredy notes plans to add a paint booth and hire 25 to 50 workers while output reaches 450 to 500 vehicles per month for Army orders and anticipated gains from Air Force Navy and foreign buyers.
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