Market Watch Summary September 13, 2004
The NYSE diary shows 1995 advancing stocks and 1282 decliners with 163 new lows and 136 unchanged on total volume of 1.607 billion shares. The Nasdaq diary records 1879 advancing issues and 1189 declines with 398 unchanged and 30 new lows on volume of 1.721 billion shares.
MENTIONED IN THIS ARTICLE
NYSE
Sony and partners move to buy MGM for 2.94 billion
Sony Corp and financial partners have agreed in principle to acquire Metro-Goldwyn-Mayer for about 2.94 billion in cash. Time Warner pulled out over price, valuing MGM at 12 dollars a share with debt assumed around 1.9 billion. If finalized, Kirk Kerkorian would net about 2.1 billion from selling his 74 percent stake via Tracinda Group.
MENTIONED IN THIS ARTICLE
Los Angeles
Sony Corp
Metro-Goldwyn-Mayer
Time Warner Inc
MGM
Sony
Kirk Kerkorian
Oil prices rise on Ivan hurricane fears In Gulf
Oil prices jump over a dollar as traders track Hurricane Ivan changing course toward Cuba. Light crude for October settled at 43.87 per barrel on the NYMEX. Ivan strengthens to a Category 5, prompting Shell to evacuate 750 workers and shut in about 272000 barrels of oil and 880 million cubic feet of gas.
MENTIONED IN THIS ARTICLE
Washington
Ivan
Gulf of Mexico
New York Mercantile Exchange
Cayman Islands
Cuba
Shell Oil Co
PayPal to fine for gambling and porn purchases
PayPal will begin fining customers up to 500 for gambling pornography and illegal sales of prescription drugs. The fines mark the first time the company will assess penalties for violations under its acceptable-use policy.
MENTIONED IN THIS ARTICLE
San Jose
Calif
PayPal
eBay Inc
Amanda Pires
US Airways OK to use taxpayer funds for operations
US Airways Group Inc. won permission from a U.S. bankruptcy judge to tap a government loan to fund daily operations and to maintain its frequent flyer program and airline alliances while seeking additional financing. The carrier, the seventh largest in the U.S., plans to pursue labor concessions and may seek to cancel existing contracts if no accord is reached. The judge also allowed skipping certain retirement plan payments, a move critics say endangers plan solvency amid ongoing union negotiations.
MENTIONED IN THIS ARTICLE
Alexandria
US Airways Group Inc
U.S
Stephen Mitchell
US Airways
Brian Leitch
Southwest Airlines Inc
JetBlue Airways Corp
Air
Lakefield
Cincinnati Lawyer Chesley Buys $8 Million French Chateau
Cincinnati attorney Stan Chesley, known for leadership on DPL Inc. shareholder lawsuits, purchased a French chateau at 9005 Camargo Road in Indian Hill for $8 million. The 21,000 square foot estate has six bedrooms, seven baths, chandeliers, limestone floors, multiple fireplaces, a wine cellar, and undeveloped space. Sale was completed Sept 1 with a trust handling the transfer. property valued at about $8.97 million and taxed at $132,021 for 2004, per county records.
MENTIONED IN THIS ARTICLE
Dayton
Cincinnati
Stan Chesley
Chesley
DPL Inc
Camargo Road
Indian Hill
Greater Cincinnati
MLS
Montgomery County
Oakwood
James Cummins
Beverly Hills
Cincinnati Bengals
National Football League
Hamilton County Auditor's
Greenlees
COX News Service
Federated to rebrand all stores under Macy's name
Federated Department Stores will convert its regional chains to Macy's names early next year, completing a transition begun last year. The move unifies Burdines-Macy's, Lazarus-Macy's, and others into a single Macy's branding with Bloomingdale's, Macy's.com, and Bloomingdale's By Mail continuing alongside.
MENTIONED IN THIS ARTICLE
Cincinnati
Federated Department Stores Inc
Macy’s
Federated
Lazarus-Macy’s
Bur
Federated’s
Burdines-Macy’s
Florida
Ben- Macy’s
Pacific Northwest
Goldsmith’s-Macy’s
Tennessee
Midwest
Rich’s-Macy’s
Southeast
Guam
Puerto Rico
Macys.com
Bloomingdale's
August permits push city valuations over two million
August building activity boosted the city valuation to about 2.3 million with 29 permits issued. Projects include Middle Christian School gymnasium remodeling and classrooms, municipal court remodel, and a 100000 remodel of 1100 Central Ave into an old fashioned pharmacy. Total permits this year reach 239 with 14.96 million valuation, versus 240 permits and 12.6 million last year.
MENTIONED IN THIS ARTICLE
Middle Christian School
Union Road
Municipal Court
Middletown
Denham Plaza
12Th District Court of Appeals
Reinartz Boulevard
Ron Decker
Central Ave
Old Towne Medicine
CVS
Coke faces tough times ahead says Morgan Stanley analyst
Analysts forecast slower earnings growth and potential radical changes with Coca Cola and its bottler, as new chairman E. Neville Isdell remains in a quiet period. Predictions point to a longer turnaround, higher investments, and realistic growth prospects while stock volatility persists.
MENTIONED IN THIS ARTICLE
Atlanta
Coca-Cola
Morgan Stanley
Bill Pecoriello
Coke
E. Neville Isdell
Pecoriello
U.S
UBS
Credit Suisse First Boston
Legg Mason
Isdell
Also Mentioned on This Page
Dow Jones
E Industrials
Nasda
Standard & & 3 Poor's
Russell Ue
Sony, Partners
Air Line Pilots Association
Federal Pension Benefit Guaranty Corp
Richard Seltzer
Pilots’ Union
Associated Press
Hamilton County
Dusty Rhodes
Allen Davis
Provident Financial Group Inc
THE
New York
At&t
AMD
Agere
Agereb
Vv Agilent Albertsn
Alcoa
Allstate
Altria
AmTower
AnnTagirs
AstraZen
Avaya
Avons
BkofAm
BellSouth
BestBuy
Brockbstr
Boeing
Wv Cke Rst
Calpine
Cardinait
Cemex 1
Cendant
ChesEng
ChevTex S
Chicosfas
Citigrp
CitzComm la
ClearChan
Cocaci
Compas
Corning
DowChm
DuPont
Duke Egg
EMC Cp
Ekodak
Elan
EDS
Emulex
ExxonMbi
Fairchids
FanniMae
FirstData
Fordm
ForestLab
Penney
Gateway
PepsiCo
Genentchs
Pfizer
GenElec
Proctg S
GnMetr
Qwestem
Goldmans
RiteAid
SBC
Guidant
Hewlettp
Saralee
Schimb
IBM
Schwab
intiGame
SciAtlanta
intiSteel
Seagate
intstBak If
Sysco
King Phrm
TaiwSemi
Ol Kohls
Target
ErspKrm
Teradyn
Texinst
LSI
Libtyma
Transocn
Lilly € li
Tribune
LowesCos
Tycoint
Lucent
UtdMicro
al US Bancro
Mattel
Ussteel
ValeroEn
VerizonCm
Medirnic
Viacom B
Merck
Vishay
Visteon
Merrililyn
Wachovia
WalMart
Licront
MorgStan
Igrn
Motorola
WeissFrgo
Mylan S
Wdigit
NatSemis
Wyeth
Xerox
NokiaCp
Sync Aenceioned Press
Material Sciences
Meadwest
NCR
P&g
Pactiv
REX Stores
I Air Product
Tempie-inland
Air Steeau
Wausau-Mosinee
Worthington 'S
Cincinnati Bell
Xerox Corp
Cinergy
Uneh
Too Fifth
Convergus Corp
First Financial
Smurfit-Stone
General Motors
Oak Hill Fin
Ohio Casualty
Kroger