Pinckneyville Hospital posts 1.21 million year profit
Pinckneyville Hospital reports a net year profit of 1,209,905 with plans to reinvest. CEO Tom Hudgins notes a good year and cites 70,306 net income last month while boards approve purchases including external defibrillators and EKG monitor units for Family Medical Center and LIRR rehabilitation center. New cardiopulmonary director Calvin Mabry starts Aug 25. Meeting moved to Sept 8. a half ton truck arrives for deliveries and snow removal.
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Bond meltdown may not be good for banks
The bond market’s sharp slide, the steepest since 1927, has hit bank holdings and could crimp second-half earnings for financial services firms. Some see risk to profits, while others predict only a modest impact as Fed policy and rising yields create a mixed environment for banks’ traditional yield-curve play.
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Ford to end Aviator line amid weak demand and pricing
Ford faces a quick end for the Lincoln Aviator midsize SUV in 2005 after lagging sales and falling prices. Through July only 15,164 Aviators sold since its November introduction as prices dropped by about 4000 dollars, signaling a setback for Ford amid its multibillion-dollar losses.
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