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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 16, 1996
Page
11
New York stocks pared losses after a sharp sell-off, with the Dow rising 40.32 to 5989.83 as earnings season begins. Nasdaq declined slightly, while profits fears and technology stock weakness weighed on sentiment.
Coca-Cola posted a 20 percent rise in second quarter earnings per share with sales up 6 percent to 5.2 billion and net income up 17 percent to 1.05 billion. Worldwide volume grew over 8 percent as Coca-Cola pursued growth amid rival PepsiCo’s Project Blue and expanding markets in Eastern Europe and Asia.
The cooperative association listed yesterday's market focal grain prices with wheat at 4.19 dollars per bushel, shelled corn at 5.21, oats at 2.50, and soybeans at 8.10.
Microsoft and NBC launched MSNBC, a 24 hour news service on TV and web. The channel began at 6 am Pacific replacing America's Talking in about 22.5 million homes. MSNBC Interactive on the web offers text, images, audio and video to accompany the cable channel with features like a Personal Front Page and stock quotes.
Creston livestock bids list veal calves choice and utilities with multiple head totals and price ranges. Heifers bulls and cull figures appear, plus sheep bids for good spring lambs aged slaughter sheep and hay pricing including first cutting and per bale rates.
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