Welcome to the Business Journal Archives
Search for articles below, or continue to the all new BusinessJournalDaily.com now.
Search
"Toyota to Discontinue Celica, MR2"
Tuesday, July 20, 2004"TORRANCE, Calif. -- Toyota Motor Sales U.S.A. Inc. plans to discontinue sales of the Celica and MR2 sports cars by the end of the 2005 model year. "The Celica and MR2 have been a favorite among sports car enthusiasts since their introductions in the United States," says Don Esmond, senior vice president and general manager of the Toyota Division.
"Clear Channel Files Counterclaim Against Stern, Infinity"
Tuesday, July 20, 2004"SAN ANTONIO -- Clear Channel Communications today filed a countersuit against One Twelve Inc.
"YSU, Antone's Restaurant Group Retain Prodigal Media"
Tuesday, July 20, 2004"POLAND, Ohio -- The Prodigal Media Co. Inc., a marketing communications firm, has added four new accounts to its client roster, says Jeff Hedrich, agency president.After completing a formal request-for-bid process, Youngstown State University has selected Prodigal Media to provide media planning and buying services, he reports. Prodigal Media will help YSU develop and implement media strategies and tactics aimed at growing student enrollment.
AK Steel Nets $92.7 Million for Second Quarter
Tuesday, July 20, 2004MIDDLETOWN, Ohio -- AK Steel today reported net income of $92.7 million, or 85 cents per share of common stock, for the second quarter, compared to a net loss of $78.2 million, or 72 cents per share, in the second quarter of 2003.The second-quarter results include an after-tax gain of $44.2 million on the sale of the company's Houston industrial park, completed April 9, and a tax benefit related to discontinued operations of $27.2 million.
Film Producers Can Earn Tax Credit in Pennsylvania
Tuesday, July 20, 2004PHILADELPHIA -- Film producers who come to Pennsylvania may be eligible for a 20% tax credit for their expenses now that Gov. Edward G. Rendell has signed legislation to that effect into law."Filmmakers continue to discover that Pennsylvania is an ideal location for film production," Rendell said after signing House Bill 147 at the Prince Theater here.
$1.7 Million Sent to Ohioans in Antitrust Settlement
Tuesday, July 20, 2004COLUMBUS, Ohio -- Checks for Ohioans making valid claims in a $100 million settlement with Bristol-Myers Squibb Co., Watson Pharma Inc. and Danbury Pharmacal Inc. were mailed yesterday, according to state Attorney General Jim Petro.A total of 2,693 Ohio residents filed claims, resulting in payments totaling more than $1.7 million. Nationwide, 57,474 payments to claimants were sent out totaling nearly $37.2 million.
Media Unions, Legislators Ask for Media Ownership Hearings"
Tuesday, July 20, 2004WASHINGTON -- On Capitol Hill today, unions representing half a million media workers joined with Rep. Maurice Hinchey (D-N.Y.) and other members of Congress in calling for full public hearings as the Federal Communications Commission reconsiders its rules on media ownership.Hinchey, along with Reps.
When It Comes to Bottoms, Chevy Cobalt Aims to Be Tops"
Tuesday, July 20, 2004DETROIT -- To reach the top of the small car market, engineers working on the 2005 Chevrolet Cobalt knew they would have to start with bottoms."Styling and horsepower dazzle, but to really make our customers happy, we need to offer truly supportive and comfortable seats," says GM Small Car Vehicle Line Executive Lori Queen. "After approximately 2,000 hours of seat testing, we think we've accomplished that goal."The Cobalt team set out to design seats that complement any driving experience, from cruising down an interstate to twisting through a mountain pass.
Ford Reports Net Income of $1.2 Billion for Second Quarter
Tuesday, July 20, 2004DEARBORN, Mich. -- Ford Motor Co. today reported net income of 57 cents per share, or $1.2 billion, for the second quarter. This compares with net income of 22 cents per share, or $417 million, in the second quarter of 2003.Ford's second-quarter earnings from continuing operations, excluding special items, were 61 cents per share, or $1.3 billion. This result exceeds the First Call consensus estimate of 50 cents per share.
Auto Sales Outlook Favorable for Second Half
Tuesday, July 20, 2004McLEAN, Va. -- Despite mixed results in June, sales of new cars and light trucks are likely to gain strength during the second half of 2004, according to National Automobile Dealers Association's Chief Economist Paul Taylor.