REP finances improve after RTI assets buy
REP reports quarterly progress after acquiring most RTI assets including the Lorain bar mill on August 16. Second quarter losses narrowed to 1.6 million from 163 million in Q1, but ongoing high maintenance costs and scarce profitability cast doubt on going concern amid furnace issues and high scrap and gas costs.
MENTIONED IN THIS ARTICLE
Lorain
Republic Engineered Products
Republic Technologies International
REP
Securities and Exchange Commission
Sec
Ond
Expec
John Willoughby
Jesus
Willoughby
Lorain Bar Mill
Lorain Mill
Dan Voorhees
Music industry profits from boomers fantasies
Richard Holloway, a 50s-born former singer, returns to music with Dr. Linda and the Ultrasounds in Milwaukee area clubs. NAMM backs Weekend Warriors to help boomers buy gear, rehearse, and perform, boosting instrument sales. Holloway spent over $12k on guitars and $6k on equipment in recent years.
MENTIONED IN THIS ARTICLE
Richard Holloway
Holloway
Brookfield
Wis
Dr. Linda
Ultrasounds
Milwaukee
International Music Products Association
Don Moore
White House of Music
Waukesha
Linda
Moore
Peter Mealy
Picker’s Supply
Fredericksburg
Mealy
Medical College of Wisconsin
Ken Kauer
Dave Cress
Linda Meurer
Verizon unions urge customers pressure Verizon via switching
Veriz on unions ask customers to threaten to switch service and drop features to gain leverage in contract talks. The Communications Workers of America and AFL-CIO rally 3.5 million members across five states facing AT T competition while 78,000 Verizon operators work without a contract since Aug 2.
MENTIONED IN THIS ARTICLE
Washington
Verizon Communications Inc
Communications Workers of America
Afl-Cio
Virginia
Maine
International Brotherhood of Electrical Workers
Verizon
At&t Corp
Maryland
New York
New Jersey
Massachusetts
Richard Trumka
At&t
Larry Cohen
CWA
Investors cash in profits after five days of gains
Wall Street slid as bond losses spilled into stocks after the Fed left rates unchanged. Investors pocketed profits despite better than expected July retail sales and a 0.1 percent rise in June business inventories. Dow fell 38.30 to 9271.76, S&P 500 down 6.32, Nasdaq off 0.42.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Treasury
Arthur Hogan
Jefferies & Co
Michael Murphy
Wachovia Securities
Standard & Poor
Commerce Department
Dynegy
Clorox
Halliburton
Oil Field Services
Payless ShoeSource
May Department Stores
Dollar and gold swing on European trading day
The dollar moved mixed against major currencies in Europe on Wednesday while gold slipped in Zurich and London. The euro traded around 1.130 and the pound near 1.608 dollars in late European deals, with yen, francs and Canadian dollars also higher versus the greenback. Gold was $359 bid in London, $358.68 in Zurich, and $356.95 in Hong Kong, with silver at $4.93 in London.
MENTIONED IN THIS ARTICLE
London
U.S
Zurich
New York
Europe
Hong Kong
Also Mentioned on This Page
Adnan
Chronicle-Telegram
RTI
United Steelworkers of America
Voorhees
Adrian Burns
Chronaietelegram
The
Associated Press
Middle Ave
Washington Ave
East Ave
Metro
IBM
Intel
Microsoft & More
Lorain County
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