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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Sep 25, 2004
Page
6
Market diary notes 1,793 new highs and 1,435 declines with 179 unchanged. Total volume reaches 1,554,202,430 shares. Nasdaq diary referenced but no detailed figures given. Jones Noted.
In battleground states Ohio West Virginia and Pennsylvania some steelworkers praised temporary tariffs that aided the steel industry. While unions generally back Kerry Bush gains support from laborers who benefited as tariffs spurred plant reopenings and job preservation, bolstering his 270 electoral vote path.
Home Depot and the Defense Department expand hiring to military spouses veterans and reservists. The program aims to transfer spouses when service members relocate, though not guaranteeing jobs. Store openings and growth will provide the roughly 20 000 new positions this year.
US Airways plans to ask a bankruptcy judge to impose a 23 percent pay reduction on all union employees to conserve cash during the fall travel slowdown. CEO Bruce Lakefield indicated the filing would be made, though details remain undisclosed, and a hearing could be expedited as the pilots’ union opposes the move.
Automakers GM and Ford push sales with zero interest six year loans on 2004 models as analysts expect a 16.8 million seasonally adjusted annual rate in September. Toyota and Nissan show gains while DaimlerChrysler’s Chrysler Group reports brisk demand for the 300C and Dodge Magnum amid overall market shifts.
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