Events Calendar
In This Section
Most Read Stories
Tallmadge man dies after motorcycle crash
Passers-by call police over topless gardener
Akron police arrest suspect in Iraq war veteran's killing
Teen accused of drinking, dancing topless in club
Man on leave from Iraq war slain in Akron
Soldier on leave dies after shooting near UA
Blogs:
Akron Docs in Haiti:
Almost home
First Bell - On Education:
21st Century Skills and Akron’s new middle school
Pets:
Lost Mini Schnauzer around Cascade Valley Park
The Heldenfiles:
Fess Parker, R.I.P.
Akron Zips:
Is it time to go after transfers?
Tribe Matters:
Wood sidelined at least six weeks
Cleveland Browns:
Yates latest to re-sign
Balanced Ledger:
How times have changed?
Kent State Sports:
Flashes fall in WNIT
Cleveland Cavaliers:
Gameblog: Cavs at Chicago Bulls (Green Mascot and All)
Buckeye Blogging:
Bucks High Seed – Turner High Praise
Varsity Letters:
Jackson advances to Division I state semifinal
All Da King's Men:
ObamaCare To Reduce Premiums By 3000% ?
Blog of Mass Destruction:
Pathetic GOP Nullification Attempts
Akron Law Café:
More on Shaming Corporate Criminals
Car Chase:
2010 CONCOURS SEASON IS UPON US
Let's Talk Real Estate:
Deals in Miami?!.
Sound Check:
Willie Nelson & Family coming to the Akron Civic Theatre May 11
See Jane Style:
Who Wore What – The Oscars
HRLite House:
Horses of Courses
Akron Gamer:
Video: Gamers expected to 'reach' for new 'Halo'
Published on Tuesday, Jul 01, 2008
Diebold sets dates
for '07 reporting
Diebold Inc., the Green automated teller machine maker whose accounting practices are under U.S. investigation, said it will report preliminary financial results for 2007 and the first two quarters of 2008 in four to six weeks.
Diebold will announce details for an analyst conference call one or two weeks before the financial reports are released, the company said.
Bad 2008 first half
ends mixed for stocks
Wall Street ended a grueling first half of 2008 quietly, closing mixed as investors again based their trades on what has become the dominant force in the market: the price of oil. The major indexes closed out the first six months of the year with double-digit declines, and are perilously close to the levels of a bear market.
This was the worst first half for the Dow Jones industrials since 1970, when the country fell into recession. The more diverse Standard & Poor's 500 and Nasdaq composite indexes had their worst first half since 2002, when Wall Street was still suffering through the aftermath of the dot-com bust, the Sept. 11, 2001, terror attacks and a recession.
The Dow rose 3.50, or 0.03 percent, to 11,350.01.
In June, the Dow dropped 10.19 percent; the S&P fell 8.60 percent, and the Nasdaq lost 9.10 percent.
For the first half, the Dow is down 14.44 percent; the S&P lost 12.83 percent; and the Nasdaq has fallen 13.55 percent.
Since their high point last October, the Dow gave up 19.87 percent; the S&P dropped 18.22 percent; and the Nasdaq is down 19.80 percent. A 20 percent drop from a market peak is considered the start of a bear market.
Light, sweet crude, which began the year at $96 a barrel, fell 21 cents Monday to settle at $140.
Ore pellet producer
sets stock record
Shares of Cleveland-Cliffs Inc., North America's largest producer of iron-ore pellets, rose to a record in New York after Deutsche Bank said the company's price increases will boost earnings.
Cleveland-Cliffs gained $7.87, or 7.1 percent, to $119.19. The shares have tripled in the past year.
Plastic bottle maker
to be taken public
An investment fund led by Texas Rangers owner Thomas O. Hicks has agreed to buy Graham Packaging Holdings Co. of York, Pa., and take the maker of plastic juice and beer bottles public for $700 million plus the assumption of $2.29 billion in debt and other costs.
Campbell Soup
sees higher profits
Campbell Soup Co. said its 2008 profit will be at the upper end of the range it had previously expected, a hopeful sign for a company coming off a down quarter.
MillerCoors starts
brewing today
SABMiller PLC and Molson Coors Brewing Co. said they closed on their transaction combining operations into MillerCoors, which will begin operating as a combined entity today. They have not said where the headquarters will be.
World's 5th largest
steel maker created
Two Chinese steel companies combined to form the world's fifth-largest producer, the latest in a series of government deals.
The new state-owned company was formed through a combination of Tangshan Iron & Steel Group and Handan Iron & Steel Group. It is called Hebei Iron and Steel Group Co. and replaces Baosteel Group Co. as the nation's biggest.
Floods help lower
2008 corn harvest
The government says farmers will harvest nearly 7 percent fewer acres of corn than last year in part because Midwest flooding has damaged the crop.
Diebold sets dates
for '07 reporting
Get the full article here.
