Market Watch NYSE Diary for September 17, 2004
The Sept 17 2004 Market Watch diary covers New York Stock Exchange activity with brief notes on listings, openings, and notable trades. It highlights early price movements, sector shifts, and sector leaders shaping that day’s trading tone.
AK Steel Announces October Surcharges For Steel Products
Middletown based AK Steel Corp says October surcharges will add 157 per ton to flat rolled carbon steel shipments and 295 per ton to electrical steel invoices. The increases from September are 15 and 55 respectively. Stainless surcharges posted on AKSteel com. Prices reflect raw material and energy costs.
MENTIONED IN THIS ARTICLE
Middletown
AK Steel Corp
Aksteel.com
Carnival earnings rise 40 percent on strong cruise demand
Carnival Corp and plc reported third quarter earnings up 40 percent to a record, with net income of 1.03 billion dollars or 1.23 a share for June through August. Revenue gains came from higher ticket prices and onboard sales, surpassing analysts' average estimate of 1.20 a share.
MENTIONED IN THIS ARTICLE
Carnival Corp. & PLC
Wall Street
Thomson First Call
United Airlines Faces $500 Million Further Cuts Talks
United Airlines said it is in talks with its unions about an additional 500 million in cost cuts as it seeks a new bankruptcy exit plan. This would add to 655 million annual savings identified recently and 2.5 billion in wage and benefit cuts already made, separate from pension plan eliminations saving 4.1 billion over five years.
MENTIONED IN THIS ARTICLE
Chicago
United Airlines
United
Cooper sells auto group for $1.2B
Cooper Tire & Rubber Co. reaches a 1.2 billion deal to sell its automotive group, nearly half of last year’s sales. The Cypress Group and Goldman Sachs Capital Partners buy Cooper-Standard Automotive, based in Novi, Michigan. The unit posted about 1.66 billion in revenues in 2003 and makes fluid handling and body sealing systems.
MENTIONED IN THIS ARTICLE
Findlay
Cooper Tire & Rubber Co
Automotive
Equity Group
Cypress Group
Goldman Sachs Capital Partners
Cooper- Standard Automotive
Novi
Mich
Unemployment steady in Butler County as August figures released
Butler County unemployment held at 4.1 percent in August and job losses totaled 400. Hamilton’s rate fell to 6.3 percent while Fairfield declined to 2.9 percent. Statewide, the August rate rose to 6.3 percent and national unemployment eased to 5.4 percent. Manpower outlook suggests modest hiring later in the year. Employment gains since January: Butler County up 3,300. Hamilton up 600. Fairfield up 500.
MENTIONED IN THIS ARTICLE
Hamilton
Butler County
Ohio Bureau of Labor Market Information
Ohio
Department of Job and Family Services
Dennis Evans
Lou Dabbett
Fairfield
Hamilton/Fairfield
Kimmel R. Arn
Government Rally Against Tobacco Giants Grows
Prosecutors allege cigarette makers misrepresented risks and nicotine addictiveness while marketing to youths. The $280 billion federal suit targets Philip Morris USA, Altria, the Council for Tobacco Research, and the Tobacco Institute. In July a judge ruled a prior state settlement does not shield the industry from the federal action. Also in July the court fined Philip Morris USA and Altria $2.8 million for deleting emails relevant to the case.
MENTIONED IN THIS ARTICLE
Philip Morris USA
Altria Group Inc
Northeastern University
Boston
Kline
DOJ Lawyers Meet Industry Attornies Without Settlement
Justice Department lawyers attend a meeting with industry attorneys but no settlement is reached. The session aims to resolve antitrust or regulatory issues, with both sides presenting positions but failing to bridge key gaps in proposals.
MENTIONED IN THIS ARTICLE
Justice Department
Judge Denies Motion in Tobacco Racketeering Case
In May 2002 a judge denied a motion by tobacco defendants under racketeering laws. In June a judge ordered a British tobacco firm to hand over a memo the Justice Department seeks as potential evidence. The memo concerns alleged evidence destruction and is subject to appeal.
MENTIONED IN THIS ARTICLE
Justice Department
Tobacco firms face historic $280 billion RICO suit
The government pursues a five year-old civil racketeering case against US cigarette makers seeking $280 billion for alleged decades long deception about smoking dangers and nicotine addiction. Judge Gladys Kessler allows the RICO action but bars recovery of sick smoker treatment costs.
MENTIONED IN THIS ARTICLE
Gladys Kessler
Washington
Justice Department
U.S. District Court
Ohio Casualty touts tech push at investors meeting
Ohio Casualty officials pitched technology as a path to higher performance at an New York investors gathering. CEO Dan Carmichael cited future growth from tech leadership while discussing a 450 worker layoff and hurricane impacts in Ohio Casualty states. CTO John Kellington noted an automated policy system went live two years early and claims adjusters use wireless field gear. Independent agent Brian Bartosh praised the single entry interface reducing time and logins across multiple carriers.
MENTIONED IN THIS ARTICLE
New York
Ohio
Brian Bartosh
Bartosh
Ohio Casualty
Also Mentioned on This Page
Nyse Diary
Dow Jones
Sey Industrials
Standard & Poor’s
Russell 2000
Carnival
Union
Cooper
Auto Group
Cox News Service
The
Council For Tobacco Research
Tobacco Institute
Bush Administration
Tobacco
Feds
By Nancy Zuckerbrod
William Schultz
Clinton
U.S
Justice
Robert Kline
Tobacco Control Resource
Associated Press
NYSE
Elan
ENSCO
ExxonMbi
AES Cp
FanniMae
AMR
At&t
Fordm
ATT Wris
AbtLab
Genentchs
AMD
GenElec
Agere
GnMetr
Agilent
Gillette
Alcoa
Globalsfe
Allstate
Goldmans
Altria
Good
AmExp
Hewlettp
al AnalogDev
Hol
Honwllinti
Avaya
intiGame
BP PLC
intstBak If
BkofAm
Jpmorgch
Aab
Kroger
BrMySq
LSI Log
CaremkRx
Libtyma
LillyEli
Celestic G
LowesCos
Cendant
Lucent
ChevTex
MBNA
CireCity
Masco
Citigro
al CocaCce
MetLife
Merrililyn
Cvrds
Micront
ConocPhil
MorgStan
Corning
Motorola
Crtwdons
Mylans
Crompton
CrownHold
DeanFds
Newmtm
Deltadir
NobleCorp
DiaOffs
Nokia Cp
Directv
Nortein If
Disney
OffcDpt
DomRes
Pg&e Cp
DuPont
Penney
DukeEgg
PepsiCo
Dynegy
Pfizer
EMC Cp
ProctGsi
Ekodak
Prudent
QwestCm
SunGard
RiteAid
Sysco
SBC Com
TXU Corp
SLM Cp
Taiwiemi
We Safeway
St Paul Trav
Tektronx
Schergp
Teradyn
Schimb
Texinst
Schwab
Tycointi
Yan
Spratfon
US Bancrp
UldhithGp
VerizonCm
Viacomb
Wachovia
WaiMart
Waigrn
WA Muli
WellsFrgo
WinDix
Wyeth
Warne
Meadwestvace
NCR
P&g
Pactiv
REX
Air Product
Tempie-inland
Cinergy
Fifth Third
Convergys Corp
First Financial
Smurfit-Stone
General Motors
Oak Hill
Middletown Journal
MiddletownJournal.com
Partners
Masa Bs
Lisa Gressel
Igressel
Coxohio