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Markets Calm As Gulf Woes Rise U.S. Economy Should Be OK; Stocks rally big as experts predict a modest impact; builders and oils shoot up.(A)
September 1, 2005... Byline: KIRK SHINKLE
Hurricane Katrina devastated much of the Gulf Coast, but most economists predict the overall impact will be modest.
But with the extent of damage still unknown, experts acknowledge this storm's effects could be...
IBD'S TOP 10.(A)
September 1, 2005... Mayor Fears Thousands Killed
1New Orleans Mayor Ray Nagin, estimating that up to 100,000 failed to evacuate the city before Hurricane Katrina hit, said he feared that thousands died. The official death toll is less than 100. Thousands who...
AFTER THE CLOSE.(TO THE POINT)
September 1, 2005... MEN'S WEARHOUSE said Aug. same-store sales in the U.S. rose 8.5%. Shares rose.
AMERICAN EAGLE OUTFITTERS' same-store sales rose 11.8% in Aug. Total sales rose 18.7%. CFO Laura Weil left to become COO at Ann Taylor. Shares fell.
...
BUSINESS BRIEFS/IN BRIEF.(TO THE POINT)
September 1, 2005... TRANSPORTATION
Cruise ships mulled as shelters
Carnival Cruise Lines said the U.S. government has asked whether some of its 21 cruise ships could be used as emergency shelters to help Hurricane Katrina relief efforts. The world's...
BUSINESS BRIEFS.(TO THE POINT)
September 1, 2005... GAMING
Casinos cite impact from Katrina
Isle of Capri Casinos said it found serious damage to its Biloxi, Miss., properties, which include a new casino-barge under construction. Due to storm damage, it moved its corporate offices out...
BUSINESS BRIEFS.(TO THE POINT)
September 1, 2005... RETAIL/APPAREL
Tiffany shares shine on Q2 news
The jewelry retailer jumped 12.5% to 37.42 on heavy trading after it reported 35 cents a share in Q2, 11 cents more than views and 59% greater than the year-ago profit. Tiffany's sales...
BUSINESS BRIEFS.(TO THE POINT)
September 1, 2005... MEDICAL
Tenet, Universal Health seen hurt
The hospital operators slid following a Goldman Sachs warning that Tenet Healthcare and Universal Health Services had the most substantial exposure to storm damage along the Gulf Coast and...
THE ECONOMY.(TO THE POINT)
September 1, 2005... Mortgage applications, rates fall
The pace of mortgage applications slowed for a 2nd week even as mortgage rates fell in Aug., said the Mortgage Bankers Association. Its applications index fell 4.5% in the week ended Aug. 26 after the prior...
TRENDS/INNOVATION.(TO THE POINT)
September 1, 2005... Phones boosting camera sales
Despite having cameras in their phones, U.S. shoppers are still snapping up digital cameras, research firm IDC said in its Mobile Imaging Survey. Analysts had expected camera phones to bite into digital camera...
NATION.(TO THE POINT)
September 1, 2005... Mayor Daley sorry for corruption
The Chicago mayor has apologized for scandals involving his administration, saying he didn't do enough to prevent graft. Federal probes are looking into alleged bribes in a city trucking program and...
WORLD.(TO THE POINT)
September 1, 2005... Peru plane-crash recorder found
The missing flight data recorder from the Peruvian plane that crashed last week near the jungle city of Pucallpa, killing 40 people, has been recovered. It was turned in by a man who scavenged it from the...
Promoting From Within.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
September 1, 2005... Byline: Adelia Cellini Linecker
4 Too many people work hard and sit silently in hopes that a promotion will magically fall on their lap.
"It's a career mistake to think that," says Janet Scarborough, founder of Bridgeway Career...
His Attitude Was Unstoppable; Resolve: George Mikan's relentless drive made him basketball's Big Man.(LEADERS & SUCCESS)
September 1, 2005... Byline: PETE BARLAS
In the 1940s, George Mikan considered leaving DePaul University to join the more notable University of Notre Dame's basketball team.
But Notre Dame coach George Keogan thought Mikan would never be successful on the...
Nearly 1 In 3 Web Surfers Visit Blogs; Find Specific Audiences; Hipsters, techies, women and political watchers lead way as biggest users.(INTERNET & TECHNOLOGY)(Q & A)
September 1, 2005... Byline: DOUG TSURUOKA
Blogs are growing up.
It took time for people to let blogs, short for Web logs, into their lives. But now that these personal online journals have been around for several years, they're really taking off as a...
Internet, Cell Phone Carriers Piecing Together e911 System.(INTERNET & TECHNOLOGY)
September 1, 2005... Byline: PAUL KORZENIOWSKI
A major shift is under way in the telecom industry.
People increasingly use cell phones rather than landlines. And businesses and consumers are cutting their telecom costs by installing voice over Internet...
In Katrina's Wake, It's National Preparedness Month; Hurricane A Brutal Reminder; Businesses urged to plan ahead for disasters; a new AT&T poll finds many don't.(INTERNET & TECHNOLOGY)
September 1, 2005... Byline: DONNA HOWELL
It's the worst time. Yet apropos for "safety first."
Disaster officials will kick off National Preparedness Month on Thursday, even as New Orleans and other parts of the South cope with unprecedented flooding and...
Prices Of Recent IPOs.(THE NEW AMERICA)
September 1, 2005... Enterprise GP Holdings EPE/NSE8/2428.0028.000.0031.9013.93Oil&Gas-Transprt/PipelneCitigroup
Ready Mix Inc RMX/ASE8/2411.0011.000.0013.1019.09Bldg-Cement/Concrt/Ag Ladenburg Thalmann
Williams Partners LP...
WELLPOINT Indianapolis, Indiana; Managed-Care Company Uses Size, Trends To Stay Competitive.(THE NEW AMERICA)
September 1, 2005... Byline: MARILYN ALVA
The prognosis for large health maintenance organizations couldn't be better. Enrollment is up, and medical cost increases are on a downward trend.
"Every big company met or exceeded earnings expectations (last)...
Retailers Help Propel Delaware Fund; Change Boosts Returns; American Services gets help from broader team; favoring Nordstrom's.(MUTUAL FUNDS)(MUTUAL FUND PROFILE)
September 1, 2005... Byline: JANET PURDY LEVAUX
After moving to change Delaware American Services Fund's sector weightings and some holdings in the first half of 2005, the fund's portfolio managers are seeing the fruits of their labor.
The fund's 4.29%...
Let George Do It.(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)
September 1, 2005... Media: When a conservative television evangelist calls for the assassination of a foreign leader, the feeding frenzy is enormous. When an adviser to a Democratic president does the same, he gets a cushy network anchor job.
Funny, but we...
Storm Warning.(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)
September 1, 2005... Energy: The damage Katrina's done to our energy infrastructure is nothing compared with what Congress and Democrats have done and failed to do. Instead of investigating Big Oil, they should investigate themselves.
In the wake of the...
How The Fed Can Help In Recovery.(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)
September 1, 2005... Monetary Policy: You've got to hand it to this economy:Despite absorbing one body blow after another -- Hurricane Katrina is only the most recent -- it continues to power its way forward. But we shouldn't be complacent.
The toll that...
Dancing In Zimbabwe.(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)
September 1, 2005... Dictatorships: What else could Zimbabwe do to speed its own destruction? How about placing more limits on property rights and leashing anyone who objects?
Jubilant lawmakers danced and cheered Tuesday after voting 103-29 to amend...
THE REAL MOST ACTIVE Dow, S&P 500 Get A Lift From Builders, Energy.(MAKING MONEY)
September 1, 2005... Byline: NANCY GONDO
NYSE stocks dipped in the first few hours of the session Wednesday, but finished near their intraday highs. The Dow rose 0.7%, the S&P 500 1% on higher volume. The small-cap S&P 600 rallied 2.1%.
Building and...
Analyze, Profit From IBD's Market Charts.(GENERAL MARKET & SECTORS)
September 1, 2005... Analyzing the price and volume changes in the major market averages each day is essential to successful investing. They reveal major tops and bottoms in the stock market.
Most stocks follow the general market's trend. They tend to rise...
Loans, Deposits, Profit Rise At West. Alliance.(B)(NYSE STOCKS IN THE NEWS)
September 1, 2005... Byline: David Saito-Chung
Western Alliance Bancorp debuted on the NYSE at $22 a share on June 30. The stock gained as much as 43% to a high of 31.50. It's pulled back the past three weeks, falling no more than 14%.
The Las Vegas-based...
THE REAL MOST ACTIVE Nasdaq Surges Above 50-Day In Heavy Volume.(B)
September 1, 2005... Byline: JONAH KERI
Nasdaq stocks perked up in higher volume Wednesday, as a raft of companies that stand to benefit from Hurricane Katrina soared.
The Nasdaq composite and Nasdaq 100 both gained 1% as they climbed back above their...
Spotting The Buy Point: LKQ Offered Two Bites At The Apple.(B)(INVESTOR'S CORNER)
September 1, 2005... Byline: KATHARINE STALTER
IBD reminds readers to focus on what's new when it comes to investing. That is, find companies with new products or services and new management, or firms that have gone public in the past eight years.
Such...
Palm Forms New Base After Its Count Resets.(B)(NASDAQ STOCKS IN THE NEWS)
September 1, 2005... Byline: Jonah Keri
Palm shot out of a deep base in the spring of 2004. The stock repeated the trick a couple of months later, rocketing 63% the week ended June 25, 2004, alone. But another breakout attempt the week ended Dec. 17 failed, as...
IBD'S 20 RULES FOR INVESTMENT SUCCESS.(THE SMART INVESTOR)
September 1, 2005... A vital point is these rules are not based on our personal opinion, our beliefs or those of Wall Street's analysts and experts. Investor's Business Daily built models of the most successful stocks and investors of the last half-century. We...
Stock Checkup Ratings Enrich Your Diagnosis.(THE SMART INVESTOR)(INVESTORS.COM CORNER)
September 1, 2005... Byline: KEN SHREVE
SmartSelect Ratings are a good starting point in the research process. But Stock Checkup Ratings should also be consulted because they paint an even fuller picture of the stock's technicals, fundamentals and overall...
New Orleans Chaos Destroys Confidence In Emergency Plans; Officials Too Complacent?; "Lack of imagination' seen limiting nation's readiness to handle huge disasters.(A)
September 2, 2005... Byline: JED GRAHAM
As chaos reigned in flooded New Orleans on Thursday, the complexity of the disaster continued to thwart rescue workers despite a government-wide mobilization.
On a day that the Federal Emergency Management Agency had...
Liberal Activists Say Access To Courts Key; Dems to press Roberts over right to sue gov't, curbs on federal courts.(A)
September 2, 2005... Byline: SEAN HIGGINS
Critics of Judge John Roberts' nomination to the Supreme Court have a lot of questions they want senators to ask him next week. One is where he stands on "access to courts."
While rather obscure outside of legal...
IBD'S TOP 10.(A)
September 2, 2005... Crisis Worsens In New Orleans
1Fights and fires broke out, corpses lay in the open, and rescue copters were shot at as flooded New Orleans descended into anarchy. Mayor Ray Nagin issued a "desperate SOS" for aid. National Guardsmen poured...
AFTER THE CLOSE.(TO THE POINT)
September 2, 2005... H&R BLOCK lost 9 cents in Q1, missing views but narrowing the year-ago loss by 31%. The company backed its '06 outlook, which is below views of 2.42. Shares fell.
NORTHWEST AIRLINES said it expects '05 fuel costs to be 50% higher than the...
BUSINESS BRIEF.(TO THE POINT)
September 2, 2005... FOOD
Del Monte Foods profit rises 33%
The popular canned-foods maker netted 8 cents a share in its Q1 vs. 6 cents a year ago. That beat views by 3 cents. Sales rose 7.2% to $671.1 mil, also better than expected. Del Monte credited...
BUSINESS BRIEFS.(TO THE POINT)
September 2, 2005... ENERGY
Valero updates refinery situation
The oil and gas firm is now North America's No. 1 oil refiner with 18 refineries, following the closing of its $8.4 bil acquisition of Premcor. However, 2 of the purchased refineries were in the...
BUSINESS BRIEFS.(TO THE POINT)
September 2, 2005... TECHNOLOGY
Falling prices hit July chip sales
Worldwide semiconductor sales fell 0.03% from the year ago to $18.01 bil, with slumping sales in each region but Asia. Chipmakers were trading lower on Thursday, with Intel down 2% to 25.26...
BUSINESS BRIEFS.(TO THE POINT)
September 2, 2005... RETAILERS
Stein Mart same-store sales rise
The discount apparel retailer's comps rose 5.3%, boosted by growth in career clothing, casual sportswear, intimate apparel and accessories; overall sales grew 7.1% to $98.1 mil. Stein Mart had...
THE ECONOMY.(TO THE POINT)
September 2, 2005... July spending soars past incomes
U.S. consumer spending grew a healthy 1% for a 2nd straight month, despite incomes that gained just 0.3% on June's 0.5% rise. The savings rate fell to -0.6%, the lowest ever, the Commerce Dept. said, citing...
IN BRIEF.(TO THE POINT)
September 2, 2005... Third Wave Technologies, which develops analysis devices for DNA testing, rose 7.5% to 5.53 after it won a ruling in its patent-infringement suit against Stratagene, which fell 9.5% to 8.05.
GlaxoSmithKline said that it bought a closed...
NATION.(TO THE POINT)
September 2, 2005... Four indicted on terror charges
U.S. Attorney General Alberto Gonzales said the men, including the head of a radical Islamic prison gang, had plotted terrorist attacks against military facilities, the Israeli Consulate and synagogues in...
WORLD.(TO THE POINT)
September 2, 2005... Mourners mark Beslan tragedy
Thousands in Russia commemorated the first anniversary of the terror attack at Beslan School No. 1 that killed 331, more than half of the victims children. Masked militants, demanding the withdrawal of Russian...
TRENDS & INNOVATIONS.(TO THE POINT)
September 2, 2005... CDC wants to prioritize flu shots
Officials are hopeful there'll be enough to go around, but just in case, the Centers for Disease Control and Prevention said priority should go first to the elderly, those with "underlying conditions,"...
TRENDS & INNOVATIONS.(TO THE POINT)
September 2, 2005... ** Following a April 17 riot, Dutch police got the mobile numbers of people who were in or around the stadium that day and sent 17,000 mobile-phone users requests for information. 5 suspected looters were arrested. The Rotterdam police said...
When The Conventional Approach Just Won't Do; Be Innovative: Aldo Nadi rejected the status quo to create an impenetrable style -- and revolutionized the sport of fencing.(LEADERS & SUCCESS)(BEST OF LEADERS & SUCCESS)
September 2, 2005... Byline: M. SUSAN BASAS
Aldo Nadi didn't look like an athlete. He suffered from constant colds and bouts of pneumonia his entire life. At 6 feet 2 inches, he weighed less than 130 pounds.
But Nadi's attitude wasn't that of an invalid --...
BE PERSISTENT AND WORK HARD The Strategic Negotiator.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
September 2, 2005... Byline: Cord Cooper
5 You're a chief executive heading a business buyout. Or perhaps a manager trying to get more work out of fewer people. In either case, negotiating is a critical step.
To do it well, you need patience and...
Building A Strong Foundation; Analyze Details: Bob Toll keeps luxury home developer Toll Bros. booming.(LEADERS & SUCCESS)
September 2, 2005... Byline: JED GRAHAM
For years, before Toll Bros. got way too big to do it anymore, Bob Toll brought in all his top managers for a weekly meeting to make sure they learned from each other's trials and errors.
The home-building maverick...
Logitech, Mobility Electronics Riding High Thanks To PCs; Products Find Demand; Solid sales of computers boosting these makers of popular PC peripherals.(INTERNET & TECHNOLOGY)
September 2, 2005... Byline: PATRICK SEITZ
PC peripherals firms Logitech International and Mobility Electronics pursue different markets but share a trait: rising sales sparked by solid growth for personal computers.
Logitech is the No. 1 peripherals...
Intel Lawyer: AMD Seeking Protection From Competition; Issues Response To AMD Suit; Chipmaker comes out hard against claims by rival AMD that Intel coerced PC firms.(INTERNET & TECHNOLOGY)
September 2, 2005... Byline: JAMES DETAR
Intel answered the call to legal battle Thursday, issuing a formal response to an antitrust suit by archrival Advanced Micro Devices.
Intel uses many arguments. In the 63-page document -- larger than AMD's original...
Poll Indicates Christmas Cheer For Personal Computer Sellers; "Mildly Bullish' Demand; New IBD/TIPP outlook suggests stronger sales this holiday than in 2004.(INTERNET & TECHNOLOGY)(IBD/TIPP POLL)
September 2, 2005... Byline: PATRICK SEITZ
Consumer spending on personal computers looks to remain strong this holiday season, says a new survey, but high gasoline prices and other factors could change that.
The IBD/TIPP Home Computer Purchase Outlook...
Watch For Bullish Pullbacks When Market Digests Gains.(YOUR WEEKLY REVIEW)
September 2, 2005... Byline: DAVID SAITO-CHUNG
In a perfect world, a great stock would rise like an elevator. No nasty reversals. No double dips. Just straight up.
In reality, even the most powerful stocks need a rest along the path to golden gains. A...
Prices Of Recent IPOs.(THE NEW AMERICA)
September 2, 2005... Enterprise GP Holdings EPE/NSE8/2428.0028.000.0032.6516.61Oil&Gas-Transprt/PipelneCitigroup
Ready Mix Inc RMX/ASE8/2411.0011.000.0013.9526.82Bldg-Cement/Concrt/Ag Ladenburg Thalmann
Williams Partners LP...
MARTEN TRANSPORT LTD. Mondavi, Wisconsin; Trucking Firm Maintains Its Speed Despite Obstacles.(THE NEW AMERICA)
September 2, 2005... Byline: ALAN R. ELLIOTT
A handful of topics made the rounds late last month at the Great American Trucking Show in Dallas. Topping the list: rising fuel prices and the industry's shortage of qualified, experienced drivers.
Another hot...
REITs, Other Stocks With Housing Link Are Lifted By Storm.(INSIDE REAL ESTATE)
September 2, 2005... Byline: Laura Mandaro
Investors expecting massive rebuilding and relocation after this week's hurricane drove up shares of some REITs, manufactured home builders and construction firms.
At Thursday's close, IBD's Finance-REIT index was...
Katrina-Hit Homeowners Get Some Mortgage Relief; Many lenders are relaxing payment requirements until storm-tossed get situated.(INSIDE REAL ESTATE)
September 2, 2005... Byline: LAURA MANDARO
Seeking to ease the strain on homeowners left stranded and perhaps jobless by Hurricane Katrina, the nation's biggest lenders have started to ease mortgage-payment requirements in storm-hit towns.
Bank of America,...
Huntington Puts Ideas Through Mill; Pet Theories Debated; Mid Corp America Fund screens for prospects, then team talks turkey.(MUTUAL FUNDS)(MUTUAL FUND PROFILE)
September 2, 2005... Byline: KEN HOOVER
Huntington Mid Corp America Fund relies heavily on the work of a 14-member investment committee that meets each Wednesday to try to divine the direction of the economy and the stock market.
The members are...
Best And Worst.(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)
September 2, 2005... Katrina: As has so often been said, disaster brings out the full range of human nature. We are inspired and at times sickened by what we have seen this week.
To start with the best, there are the countless Americans who have done what they...
The Real Cost Of Oil.(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)
September 2, 2005... Economy: How much impact will the recent trebling of oil prices have on the economy? If a new study on productivity is any guide, it could be larger than we think.
The best measure of any economy isn't GDP, jobs or inflation. It's...
THE REAL MOST ACTIVE Oil Stocks Gain As Indexes See Mixed Session.(MAKING MONEY)
September 2, 2005... Byline: KATHARINE STALTER
The S&P 500 climbed 0.1% Thursday as the Dow industrials dropped 0.2%. Trade decreased.
Oil-and-gas industry stocks advanced for the third session in a row following Hurricane Katrina. Analysts say it could...
Analyze, Profit From IBD's Market Charts.(GENERAL MARKET & SECTORS)
September 2, 2005... Analyzing the price and volume changes in the major market averages each day is essential to successful investing. They reveal major tops and bottoms in the stock market.
Most stocks follow the general market's trend. They tend to rise...
WellCare '05 EPS View Raised To $1.61-$1.63.(B)(NYSE STOCKS IN THE NEWS)
September 2, 2005... Byline: Katharine Stalter
WellCare, which went public at 17 in July 2004, has been shaping a base-on-base pattern since mid-July. For the past 2 1/2 weeks, the stock has closed beneath its 10-week moving average.
The company runs...
THE REAL MOST ACTIVE Nasdaq Stocks Pull Back As Volume Subsides.(B)
September 2, 2005... Byline: JONAH KERI
Nasdaq stocks bobbed and weaved Thursday before closing slightly lower in lighter volume. The Nasdaq composite fell 0.2%, the Nasdaq 100 0.3% as several heavily weighted tech stocks overshadowed gains by biotechs and...
Don't Buy On IBD Ratings Alone, Use Charts To Time Your Trades.(B)(INVESTOR'S CORNER)
September 2, 2005... Byline: CHRISTINA WISE
A key part of successful investing involves sifting through the thousands of stocks on the market to zero in on the winners.
IBD's stock ratings simplify that process. They show you how a firm's earnings, sales,...
IPOs Superior Well, Zumiez Seek 1st Base.(B)(NASDAQ STOCKS IN THE NEWS)
September 2, 2005... Byline: Jonah Keri
Superior Well Services is one of several oil and gas stocks to parlay a hot energy market into a successful IPO in the last few months. The stock went public at $13 a share on July 29. It quickly vaulted to a high of...
Solid Aug. Job Gain Shows Momentum, But Strains Coming; Hurricane Dampens Outlook; Tight oil, lost jobs suggest slower 2nd-half GDP rise; Fed hikes less likely now.(A)
September 6, 2005... Byline: LAURA MANDARO
Job growth remained strong in August, providing the economy with a firm footing for what's increasingly likely to be a tougher few months following Hurricane Katrina's destruction.
Nonfarm payrolls rose 169,000,...
MARKET TOOL BAR.(A)
September 6, 2005... S&P 500 INDEX
1218.02
-3.57 (-0.3%)
Oils take breather,
but up strong for wk
DOW JONES IND.
10,447.37
-12.26 (-0.1%)
Caterpillar up 9% for
wk, at all-time high
NYSE VOL. (MIL)
1,322
-401...
Storm Won't Sink Insurers; No Repeat Of Andrew?; Firms have spread risk, reduced response time since other big disasters.(A)
September 6, 2005... Byline: MONICA SHOWALTER
Well before insurance teams can even get into flooded New Orleans and hurricane-ravaged Gulf Coast areas, the industry is confident that it can handle America's worst-ever hurricane catastrophe with little trouble....
IBD'S TOP 10.(A)
September 6, 2005... Congress OKs Hurricane Aid Bill
1The House followed the Senate in approving $10.5 bil in disaster relief for the Gulf Coast. President Bush toured the area, saying he was "satisfied with the response," but adding "the results are not...
AFTER THE CLOSE.(TO THE POINT)
September 6, 2005... GENERAL DYNAMICS completed its takeover of mobile computing firm Itronix; it expects the buy to add to its profits.
BIOCRYST PHARMACEUTICALS' filed an SEC shelf registration statement for $85 mil in common stock. Shares rose.
STEEL...
BUSINESS BRIEFS/IN BRIEF.(TO THE POINT)
September 6, 2005... CONSUMER
Beijing opens the door to Avon
China is lifting its ban on direct sellers Dec. 1. That clears the way for consumer-goods sellers to tap into the burgeoning Chinese market. Direct sales were outlawed in '98, as a slew of scams...
BUSINESS BRIEFS.(TO THE POINT)
September 6, 2005... ENERGY
58 Gulf platforms, rigs damaged
The American Petroleum Institute's initial report shows that of those oil platforms and drilling rigs, 30 have been lost. The API gave no accounting by company, but Apache is among the biggest...
BUSINESS BRIEFS.(TO THE POINT)
September 6, 2005... RETAIL
Blockbuster suspends dividend
The video-rental chain, grappling with competition from rivals like Netflix, said that it would not declare a Q3 dividend. It paid a 2-cent quarterly dividend in May. Blockbuster fell 2.5% to 6.12....
BUSINESS BRIEFS.(TO THE POINT)
September 6, 2005... TRANSPORTATION
Northwest warns of dire finances
The No. 4 U.S. airline said its cash had dwindled by 19% to $1.7 bil in the last 2 months, hurt by a 50% spike in fuel prices. Northwest Airlines said it will lose $400 mil in Q3, but...
THE ECONOMY.(TO THE POINT)
September 6, 2005... Inflation pressures build in Aug.
The Economic Cycle Research Institute's Future Inflation Gauge hit a 5-year high on higher interest rates and input prices, heavier loan activity and stronger job growth. The index hit 121.1 from an...
TRENDS/INNOVATIONS.(TO THE POINT)
September 6, 2005... U.S., India cooperate on research
The two nations resolved a dispute on intellectual property, the sole stumbling block to an agreement that will formalize scientific cooperation. The deal, which will cover areas including health care,...
NATION.(TO THE POINT)
September 6, 2005... "Stimulus package' suggested
House Majority Whip Roy Blunt, R-Mo., said Congress needed to weigh many steps to help the country and victims in the Gulf Coast following the devastating impact of Hurricane Katrina. "I suspect that means some...
WORLD.(TO THE POINT)
September 6, 2005... London bomber shown in video
Mohammad Sidique Khan, one of the 4 suicide bombers who attacked London's transit system in July, killing 52 and injuring 700, bid farewell in a videotape aired on al-Jazeera that also included al-Qaida's No. 2...
Toyoda At A Glance.(LEADERS & SUCCESS)
September 6, 2005... Toyoda At A Glance
Born: 1867 in Kosai, Shizuoka Prefecture, Japan.
Died: 1930 in Japan.
Education: Finished the equivalent of grammar school.
Achievements:
** Considered the best of Japanese inventors, and father of the...
FOCUS YOUR TIME AND MONEY Ease Your Record-Keeping.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
September 6, 2005... Byline: Adelia Cellini Linecker
7 Keeping good records of your business can seem tedious and time-consuming. But you can make this necessary task a little easier to manage.
The key is to not let the paperwork pile up: Not only will it...
When Good Isn't Good Enough; Keep Reaching: Sakichi Toyoda's constant endeavor to improve sparked auto giant.(LEADERS & SUCCESS)
September 6, 2005... Byline: MICHAEL MINK
Sakichi Toyoda did more than just watch the bottom line: He looked for the big picture.
In Japan, Toyoda's legacy is as the "King of Inventors." It was his vision that led to the creation of the Toyota Motor...
Green Field Finally Getting Some Green; VC Firms Eyeing Clean Energy; Alternative sources of fuel offer enormous opportunity for huge financial rewards.(INTERNET & TECHNOLOGY)
September 6, 2005... Byline: BRIAN DEAGON
Peter Corsell aims to empower people.
The chief executive of GridPoint has a product that could turn the average home into its own power utility. GridPoint's energy management system -- the size of a desktop...
Mobile Phone Systems Aren't Mere Airwaves; Katrina Took Huge Toll; Wireless systems among storm's victims despite seeming less susceptible.(INTERNET & TECHNOLOGY)
September 6, 2005... Byline: MIKE ANGELL
Cellular networks would seem to be the perfect way to communicate in an emergency like Hurricane Katrina. There are no phone lines that go down. The solid metal cellular towers are more durable than spindly wood...
Verizon Eyes Long Term With Multibillion-Dollar Fiber-Optic Bet; Must Be "Future-Proof'; Designed to handle any advances that may occur with TV, phone, Internet.(INTERNET & TECHNOLOGY)(Q & A)
September 6, 2005... Byline: REINHARDT KRAUSE
Verizon Communications looks to upgrade much of its residential phone network to fiber optics over the next five to 10 years, and it won't come cheap. The local Bell will spend billions on the project.
It's...