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Odessa American in Odessa, Texas

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Mar 10, 2004

Page

5

Nasdaq slumps erase 2004 gains as stocks slide

In New York, fears of weak job growth and a sluggish economy drove a broad selloff. The Nasdaq composite fell 13.62 to 1995.16, wiping out all gains for 2004, while the Dow slipped 72.52 to 10456.96 and the S&P 500 declined 6.63 to 1140.58. Analysts warned the rally may be ending.

New York Nike Texas Instruments Matt Kelman Kelmoore Strategy Funds Dow Standard & Poor

Albertsons Reports 37 Percent Drop in Q4 Earnings

Albertsons Inc. posted a net income of 130 million dollars for the November to January quarter, down from 205 million the previous year. Revenue was 8.65 billion, as an extended Southern California labor dispute reduced cash flow amid a tougher market environment. Chief executive Larry Johnston called 2003 challenging, noting a recovering economy and heightened competition.

Boise, Idaho Albertsons Inc California Larry Johnston U.S

Also Mentioned on This Page

Grocer Beao Melton Captoe Black Burgundy Dillard's Visa Mastercard American Express Discover Diners Club Music City Mall Delbert Hicks Aragon Walgreens The Pharmacy America Trusts Volume Lash Odessa W. University E. 42Nd St Midland Andrews Hwy N. Midland Drive
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