Republic sells Georgia plant in bankruptcy deal
Republic Technologies International reported the Georgia plant in Cartersville sold to AmeriSteel for 7 million dollars. The sale was approved by a federal bankruptcy judge. the plant employs 23 people. The bankruptcy remains and a bid of about 450 million from investment partners could cover roughly 60 percent of assets.
MENTIONED IN THIS ARTICLE
Fairlawn
Republic Technologies International
Georgia
AmenSteel Corp
Cartersville
Tampa
AmeriSteel
Republic
Own Investment Partnershing
Euro hits two year high against dollar on deficit fears
The euro rose to as high as 96.45 cents in European trading and closed at 95.92 as traders dumped the dollar amid a widening US trade deficit and wobbling stocks. A currency strategist said the rally reflects caution on the dollar and longer euro holding gains.
MENTIONED IN THIS ARTICLE
Frankfurt
Germany
Nigel Anderson
RBS
Trade deficit hits record as imports surge in April
The United States posted a record trade gap of 359 billion dollars in April as imports rose 47 percent to 116 billion while exports climbed 22 percent to 80.1 billion. Ken Mayland of ClearView Economics warning that only faster growth abroad can reduce the deficit. Separately, new unemployment claims fell by 2,000 to 393,000 for the prior week.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
United States
Ken Mayland
ClearView Economics
Labor Department
Color craze sways marketing as foods flaunt blue or pink coatings
A Petersburg Times story surveys the rise of color branding in foods from blue pudding to green ketchup. Marketers target kids, betting on color to boost impulse buys and influence parents' pantry choices.
MENTIONED IN THIS ARTICLE
M&m
M&M/Mars
Cheetos
Herr
Suzanna Eggabroat
Intelli
Gence Services
New York
Heinz
Eggabroat
Stock indexes plunge near post 9/11 lows in selloff
Wall Street slid with the Dow down 129.80 to 943.77 and the Nasdaq off 32.08 to 1464.75 as Genzyme tumbled 6.17 and Nokia edged up 0.03. Tech shares led declines while Motorola AMD and MGM faced losses amid renewed warnings and Middle East tensions. unemployment claims fell to 393,000, but sentiment remained cautious with investors awaiting clearer signs of recovery.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Genzyme
Nokia
Robert Froehlich
Deutsche Asset Management
Dow
S&p
World Trade Center
Pentagon
AMD
Metro-Goldwyn-Mayer
General Motors
Ford
Morgan Stanley
Conference Board
Labor Department
Campares
Intel
Monsanto
Middle East
Pakistan
India
New York Stock Exchange
Dollar drops as gold climbs amid euro gains
In London a weaker dollar helped gold rise to 323.50 bid per ounce while the euro edged up to 96.38 cents in late trading. New York midday quotes showed the euro at 96.29 cents, yen near 123.34, francs around 1.5228, and Canadian dollars about 1.5326. The British pound stood at 1.4982 dollars. gold closed at 323.50 in London and 321.45 in Hong Kong.
MENTIONED IN THIS ARTICLE
London
New York
Zurich
Hong Kong
Also Mentioned on This Page
RTI
AEP Coal Company
Pikeville, Ky
Kentucky
American Electric Power
Kentucky Coal Co
Vikki Michalila
AEP
Columbus
Eastern Kentucky
Coastal Coal Co
el Paso Energy
Letcher County
Ohio
France
L’or
Des Dames
California
Inois
Pennsylvania
Virginia
Anderson
Europe
European Central Bank
Paris
S, Petersburg Times
Standard & Poor
America
America’s Choice Network
Amerca's Choice
Verizonwireless.com
Riey Vary
Calickr
Mahery Bdadery
RadioShack
Iver
MC Cahier
BRD
Wootwey Fet
Ion Wireless
Vans
GAO
TERS
Kyocera
Ocean
Ealieg
Sara
Verizon Wireless Communications
Janbusey
West Perkins
Waall
Somducy Mall
Cartan Radu
Pat DO Wind
Co Callinng Purte Lines
Uberty
Aen
Kyocera Corporation
Gverizon Wirsless
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