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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Sep 15, 2004
Page
9
NYSE diary shows 1,423 new highs and 1,622 declines with 109 new lows and 420 unchanged on volume 1.505 billion. Nasdaq diary records 1,622 declines and 420 unchanged with 28 new lows on volume 1.483 billion. Market activity reflects broad weakness across major indices.
The Chamber of Commerce invites members and guests from Middletown Monroe and Trenton to a steak fry in partnership with the Hamilton chamber. It runs from 5 30 to 9 p m on September 23 at the Miller Brewing Co plant in St Clair Township. Tickets are 25 dollars. For details call 513 422 4551.
The 2004 Chamber of Commerce Business to Business Expo runs from noon October 28 at the Middletown Exhibition Center the former Swallon building at Verity Parkway and Manchester Avenue in for i town Middletown. At 5 p m chamber Business Arteries gathers center booth registration form.
The Labor Department states the new overtime regulations, effective Aug. 23, remain in force despite congressional attempts to block enforcement. Acting WHD administrator Alfred B. Robinson Jr. says protections stay in place, with federal agencies continuing to ensure workers’ rights and employers’ responsibilities.
Yahoo Inc announces a $160 million all cash purchase of Musicmatch Inc to add an online store and a desktop music management program. The deal boosts Yahoo's music offerings and may increase impulse purchases as Musicmatch brings 700,000 songs and 225,000 subscribers to Yahoo's growing digital music platform.
Regal Lager Inc recalls about 49,000 Baby Carrier Active units after 93 reports of the back support buckle detaching from straps. No injuries reported. The Swedish made carriers retail for about 120 dollars and were sold from September 2003 to August 15, 2004. Consumers should stop using them and call 877 962 8400 for return instructions.
Hurricane Ivan lingers in the Gulf of Mexico prompting production platform shutdowns and refinery curbs as traders push October crude futures to about $44.39 a barrel. Officials say nearly ten precautionary shutdowns have begun with BP and Shell moving workers off platforms and the Louisiana Offshore Oil Port reducing imports by about one million barrels daily.
Kroger Co, a leading supermarket operator, posted a second quarter net of $142.4 million, down from $190.4 million a year earlier. Earnings per share came in at 19 cents, below the 27 cent consensus, as debt charges and the Southern California strike weighed on results. Sales rose 5 percent to $13 billion. the California walkout and one-time costs reduced prior year earnings by several cents per share.
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