Augusta Chronicle, The

from April 12, 2000
Last Document: February 07, 2010

ISSN 0747-1343

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Augusta Chronicle, The

Augusta Chronicle, The, September 29, 2004

Area Briefs

Investors Go Back to Stocks, Lift Dow

Stocks rebounded Tuesday, with the Dow Jones industrial average rising solidly above 10,000 as investors, less anxious about volatile energy prices, focused instead on good corporate news. Light crude for November delivery surged above the psychologically important $50 milestone early in the session, but backed off that record high after Saudi Arabia indicated it would raise its output if necessary. Nervous about rising energy costs, investors had turned to the safety of Treasury bonds l...

Car Care Can Save Money

There are two ways to immediately save money on gas. One: Drive less.

Delta Ceo Casts Salary Aside

Delta Air Lines Inc.'s chief executive said Tuesday that he is declining his six-figure salary for the rest of the year. He also detailed a 10 percent pay cut that will affect senior officials, administrative staff and ticket and gate agents. CEO Gerald Grinstein said in a memo to employees that the Atlanta- based company will increase the shared cost of health care coverage and make changes to retirement benefits as part of its turnaround plan.

Concern for Jobs Fuels Fall of Index

Job worries helped push consumer confidence down in September for the second consecutive month, a New York-based private research group said Tuesday. The Consumer Confidence Index fell 1.9 points to 96.8 from a revised reading of 98.7 in August, according to The Conference Board. Analysts had expected a reading of 99.5.

To Spin Off Semiconductors, Motorola Will Cut 1,000 Jobs

Motorola Inc. will eliminate 1,000 jobs and take charge of $50 million for severance benefits as it moves to complete a spinoff of its money-losing semiconductor unit, the company said Tuesday. Analysts said the reductions will help the world's No. 2 cell phone maker fine-tune its operations.

Look Ahead

Pepsi bottler sees quarterly profit SOMERS, N.Y. - Pepsi Bottling Group Inc., the largest bottler of PepsiCo Inc. beverages, said Tuesday that its profit for the latest quarter rose 4.4 percent as volume improved.