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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 19, 1999
Page
10
Nordson Corp announced a quarterly cash dividend of 0.24 per common share for the fourth quarter of fiscal year 1999, payable Sept. 21 to record holders Sept. 3. The payout matches the prior three quarters. Nordson designs adhesives, sealants and coatings systems and operates in 32 countries with about 4200 employees.
Inflation lingers in the booming 1990s as Alan Greenspan warns a return may be near. High employment, rising productivity from tech advances, and a global economy boost keep prices in check yet risk a future crash. Stock valuations top $12 trillion, heightening anxiety over a possible inflation driven downturn.
Food Lion Inc agreed to pay 3.0 billion in cash stock and debt to acquire Hannaford Brothers Co owner of Shop n Save and Hannaford stores. The deal positions Food Lion as the sixth largest U.S. grocer with about 1,400 stores and 13.5 billion in sales. Ahold had pursued Hannaford but raised its bid to no avail.
Saturn Corp President Cynthia Trudell said wagons appear to be staging a comeback and the automaker plans to capitalize. Saturn recently launched the L-series midsize sedan and wagon, its first new model line since 1990, to offer a lower cost option against European luxury wagons. Overall wagon offerings in the U.S. midsize segment are limited, with Saab Volvo Mercedes Audi BMW and Volkswagen selling wagon variants and others like Toyota and Honda scaling back wagon lines.
Nationwide workplace homicides dropped 17.6 percent to 709 last year, with transportation related deaths rising as more workers drive. In the Philadelphia region totals fell 46 percent to 14, yet road deaths outside the city outpaced those inside, while total on the job deaths dropped 22 percent to 80.
The Dow Jones fell 125.70 points to 10,991.38 while the S&P 500 shed 11.32 to 1,332.34 and the Nasdaq dropped 13.49 to 2,657.73. Dell and several Internet names led gains though concerns about a Fed rate hike kept broad sentiment cautious amid light trading.
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