Confidence slips as markets wobble and politics unsettles
The Conference Board said its consumer confidence index fell 4.1 points to 133.1 in August, marking a second straight monthly decline and beating Wall Street expectations. Applied Materials plans 2000 job cuts, 15 percent of its workforce, amid Asia crisis and a shift to cheaper computers, with 750 cuts in Santa Clara and 600 in Austin, following a 75 percent drop in quarterly profits.
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Conference Board
Wall Street
Santa Clara, Calif
Applied Materials Inc
Applied Materials
Santa Clara
Calif
Austin
Texas
Local Stocks Quotation Through Walnut Street Secunties
Alan Investment offers early quotations through Walnut Street Securities Inc NASD SIPC AISG 378. WSS independent.
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Alan Investment
Walnut Street Secunties, Inc
NASD
SIPC
AISG
WSS
Englehard to mark 100th year with open house
Englehard Corp. will celebrate its 100th anniversary with an open house on Sept. 12. The Elyria plant, once Kaiser and Shell owned, employs about 200 people on 23 acres along the Black River and supplies catalysts, pigments and engineered materials to Dow, Geon, Chevron, Shell, DuPont and Procter & Gamble.
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Elyria
Englehard Corp
The
Chemical Company
Englehard
Harshaw, Fuller and Goodwin Co
William Harshaw
C.H. Price Co
Cleveland Commercial Co
Harshaw
New Jersey
Kaiser Aluminum & Chemical Corp
Shell Oil
Engi
Petrochemical
Dow Chemical Co
Geon Co
Chevron
Shell
DuPont
Procter & Gamble
Black River
Laser eye surgery firm forecast profits amid stock drop
Cincinnati based LCA Vision Inc predicts profits for the rest of the year and first quarter gains for investors next year to counter falling stock. The firm reports over 30,000 surgeries at 22 sites, including 19 in the U S, two in Canada and one in Helsinki, while Filings hint at a reverse split to raise share value. Ronald Herskowitz resigned as COO and director in October after a two month tenure.
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Cincinnati
Lca-Vision Inc
United States
Canada
Helsinki
Finland
LCA
Securities and Exchange Commission
Ronald Herskowitz
Home sales set record in July nationwide
Washington AP reports existing single family home sales rose 4 percent in July to a record annual rate of 4.93 million units helped by low interest rates and solid income growth. The National Association of Realtors confirmed the prior record of 4.89 million from March was surpassed.
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Washington
National Association of Realtors
Strike delays phone services across US West region
A nationwide strike by over 34,000 workers disrupts US West service with 50 day repair deadlines. Managers replacing strikers slow installations causing widespread customer frustration. CWA and company negotiators meet amid unresolved pay, overtime and health care disputes. Contingency plans for Southern New England Telecomm follow looming hurricane threats.
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Denver
US West
CWA
Morton Bahr
Southern New England Telecommunications Corp
Connecticut
USW Spars With Invacare In Lorain County Fight
The United Steelworkers press organizing drive at Invacare Corp in Elyria targets a union-free stance despite past failures. Pat Gallagher notes wages and reviews vary, while Invacare officials deny unfair treatment and cite a union-free policy. Police visits and handbill disputes accompany ongoing efforts as workers weigh union representation.
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United Steelworkers of America
Invacare Corp
Pat Gallagher
USW
Invacare
Lorain County
Cleveland
Taylor Streets
Gallagher
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Mansour, Gavin, Gerlack and Manos
Invac
Mansour
A. Malachi Mixon
Chaiman
Cleveland Street
Mixon
Early Active Stocks Lead New York Market Rise
NYSE listed shares show early activity with high volume and mixed gains as top movers include AT&T, American Express, IBM, Exxon, Coca Cola, DuPont, Goodyear, and General Electric. Traders focus on price changes, volume shifts, and sector rotations amid broad market pressure and notable gains in financials and tech.
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