Yellow Pages Investors Bet on a Lucrative Directory Embrace
New York AP reports investors paid top dollar for Yellow Pages publishers as the directory business, though pressured by Internet use, remains highly profitable. Phone directories generate about 14 billion in annual ad spending with margins over 50 percent, while usage has leveled after declines. Industry analysts say the core model endures until a strong replacement appears.
MENTIONED IN THIS ARTICLE
New York
Knowledge Networks
SRI
Arnie Ursaner
CJS Securities
White Plains
Lee Portokalis
Chicago
Portokalis
Yell Group PLC
United States
Britain
London Stock Exchange
Yellow Pages
Italy
Carlyle Group
Securities and Exchange Commission
Arthur Levitt
Qwest
Yellow Pages Integrated Media Association
Charles Lachlan
Kelsey Group
Avon Sees Two 10-Acre Auto Biz Plots Near I-90
Avon sees major auto dealer growth as two 10 acre parcels along Chester Road near I-90 sell for about 2.2 million each. Dealers Mike and Kevin Joyce and Joe Firment plan moves to new lots, with Spitzer Autoworld relocating nearby. City officials expect benefits for services, school system, and residents.
MENTIONED IN THIS ARTICLE
Avon
Chester Road
Moore and
Chester Roads
Mike
Kevin Joyce
Joe Firment
General Motors
Firment
Elyria
Lorain
Spitzer Autoworld
Broad Street
I-90
Sheffield
Mike Joyce
Joyce
Jim Smith
Smith
Goodyear makes contract progress with union in dispute
Goodyear Tire & Rubber Co and United Steelworkers reported progress on contract talks after the union submitted a counterproposal to the latest offer. The Akron firm said talks were productive though no deal yet, and the expired contract covering 19,000 employees across 14 plants remains extended.
MENTIONED IN THIS ARTICLE
Akron (Ap
Goodyear Tire & Rubber Co
United Steelworkers of America
Ohio
Virginia
North Carolina
Ilinois
Alabama
Nebraska
Wisconsin
New York
Kansas
Texas
Tennessee
Goodyear
Chuck Sinclair
Sinclair
Oracle and Adobe up on upgrade news lift stocks
Wall Street advanced Monday as Oracle and Adobe upgrades boosted tech shares after a rough week. Dow rose 0.3 percent to 9217.35, Nasdaq gained 1.1 percent, while investors awaited Fed decision and upcoming economic data.
MENTIONED IN THIS ARTICLE
Oracle
Adobe Systems Upgrade
New York
Adobe Systems
Wall Street
Adobe
Michael Palazzi
SG Cowen
Standard & Poor
Piper Jaffray
Fed
Palazzi
Joseph V. Battipaglia
Ryan Beck & Co
Dollar slips as euro leads after solid trading day
The dollar weakens amid selling in US bonds and caution ahead of an upcoming rate decision. The euro climbs to $1.1361 while the yen, Swiss franc, and Canadian dollar all ease. UK pound advances to $1.6077 as Treasuries stay under pressure. Dow components and other equities move, with Sysco and 3M posting gains while MetLife and Martha Stewart Living face declines. Global indexes show modest gains overseas.
MENTIONED IN THIS ARTICLE
New York
Mow Jones
U.S
Treasury
Robert Lynch
Global
Sysco
Food Service Marketing and Distribution
Dow Component 3M
MetLife
New England Financial
Thom Faria
Martha Stewart
Omnimedia
Also Mentioned on This Page
Lreass
Adrian Burns
Abums
Chronicletelegrar.com
Middle Ave
Lotal
East Ave
Washington Ave
Multimedia Company
New York Stock Exchange
Japan
Europe
France
Germany
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!