Welcome to the Business Journal Archives
Search for articles below, or continue to the all new BusinessJournalDaily.com now.
Search
Zogby Poll Shows Bush Pulling Ahead in Battleground States
Wednesday, June 23, 2004ROCHESTER, N.Y. -- In a two-week stretch that included more positive economic news and mixed reports from the troubled Middle East, President George W.
Blacks Coming Back to Stock Market
Wednesday, June 23, 2004NEW YORK -- After retreating sharply from stocks and mutual funds last year, Black investors are back to near pre-Bear market levels of stock ownership, according to the 7th Annual Ariel Mutual Funds/Charles Schwab & Co. survey of Black and White households earning over $50,000 annually.Some 68% of Blacks surveyed have money invested in the stock market today, considerably up from 2003 (61%), though still shy of 2002's all-time high (74%).
Economy Tops Iraq as Election Issue
Wednesday, June 23, 2004ROCHESTER, N.Y. -- A new Harris Poll brings President George Bush two pieces of good news: Some political analysts believe that if Bush is re-elected in November it will be because of the strengthening economy; but if he loses, it will be because of the war in Iraq.Currently, a majority of the public thinks the economy and jobs are more important election issues than Iraq and the war on terrorism, the poll found. Further, President Bush is currently preferred over Sen.
Worthington Industries Nets $86.8 Million for Year
Wednesday, June 23, 2004COLUMBUS, Ohio -- Worthington Industries Inc., parent of Dietrich Industries of Warren, Ohio, today reported record sales of $782.9 million for the fourth quarter of fiscal 2004 and record sales of $2,379.1 million for the year ended May 31.Fourth quarter net earnings were $39.4 million and earnings per diluted share were 45 cents compared to net earnings of $15.6 million, or 18 cents per diluted share, for the same period last year."We have done much over the last several years to improve returns on capital and, ultimately, shareholder returns by investing in growth markets and products,
GM Relocates Asia Pacific Headquarters to Shanghai
Wednesday, June 23, 2004SHANGHAI, China -- General Motors will relocate its Asia Pacific regional headquarters from Singapore to Shanghai by January, Rick Wagoner, GM chairman and chief executive officer, announced today.Also today, the automaker announced plans to build China's largest professional proving ground in Shanghai.GM Asia Pacific, the company's fastest-growing region, has 22,600 employees in 14 countries from New Zealand in the south, to India in the west and Korea in the north.
U.S.-China Air Pact Means Growth for UPS
Wednesday, June 23, 2004WASHINGTON -- The bilateral aviation agreement announced June 18 between the United States and China will provide significant opportunity for UPS to grow its business in the region, says UPS Chairman and Chief Executive Officer. The agreement, he says, "will accelerate the flow of goods into and out of China, providing substantial benefits to American workers, businesses and consumers."The new agreement contains a key provision that allows U.S. cargo carriers to establish hubs in China once specific criteria are met.
Penn State Mechanical Engineers Get Research Grants
Tuesday, June 22, 2004UNIVERSITY PARK, Pa. -- Two Penn State University mechanical engineers have been awarded grants from the U.S.
Confidence Is Rising Across Real Estate Sector
Tuesday, June 22, 2004NEW YORK -- Continuing good economic news and signs of increased activity among companies looking to add new space are helping to convince real estate investors that better days are ahead, according to the PricewaterhouseCoopers second quarter 2004 Korpacz Real Estate Investor Survey released yesterday."While soft market conditions are likely to linger for the remainder of 2004 and into 2005, it is apparent that real estate investors have become more optimistic now that the worst seems to be behind us," said Peter Korpacz, director of PricewaterhouseCoopers' Global Strategic Real Est
Lordstown Lands $243,000 Roadwork Development Grant"
Tuesday, June 22, 2004COLUMBUS, Ohio -- The Village of Lordstown will receive a share of more than $2.27 million in state business and roadwork development grants awarded to one company and three Ohio communities, reports Gov. Bob Taft.The grants, administered by the Ohio Department of Development, were approved by the State Controlling Board, and are intended to assist in the growth and development of Ohio businesses and the creation and retention of jobs.
Dick's Sporting Goods to Acquire Galyan's Trading Co.
Tuesday, June 22, 2004PITTSBURGH -- Dick's Sporting Goods Inc.and Galyan's Trading Company Inc. have entered into a definitive agreement and plan of merger for Dick's to acquire all of the issued and outstanding stock of Galyan's.