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Show Dally il'cwto TUESDAY, BUSINESS EDITOR J SEPTUS Grace Uong :t 14, 2004 8- 344-29- 1 - A A News & Notes DowJones Nasdaq Final 10,314.76 Final ' 1,910.38 .1.69 16.07 . A V S&P500 Gold Silver Final 1,125.82 1.90 Per ounce Per ounce $6,183 $0,500 $404.10 $2.20 , gleorOherakiextr&com - i Local Industry EXCHANGING " V THE DOUAR Yen 110.12 109.50 Em $12259 S1J271 British pound Canadian cjoBar Mexican peso $1.7960 I. 3000 II. 5670 $1.7963 I. 2895 II. 6220 Employment Stronger Job market seen for Orem Employers in Orem are pected to hire at a healthy pace during the fourth quarter of 2004, according to a Manpower Employment Outlook Survey released Monday. Thirty-threpercent of employers surveyed in Orem say they plan to hire more workers from October to December, while 10 percent intend to reduce their work force, according to the survey. The remaining 57 percent are expected to maintain their current staff levels. "More Orem employers, especially those in retail trade, are expected to increase their hiring in the fourth quarter because of the onset of holiday buying," said Robert Katz, spokesman for Manpower. That compares with 30 percent of employers statewide and in Salt Lake dry that plan to add more workers, and 27 percent in Ogden that plan to grow their work force. For the coming quarter, Manpower said job prospects in Orem appear best in durable goods manufacturing and wholesaleretail trade, but most employers in construction and nondurable goods manufacturing plan to reduce their work force. Nationally, the survey showed an increase in hiring expectations for the fourth quarter, an improvement from a year ago. Appointments Zions Bank appoints new member to Utah Valley advisory board Donald J. Butler was appointed a new member of Zions Bank's Utah Valley Regional Advisory Board. Butler is vice president, chief financial officer and general partner of Provo-baseJones Paint and Glass Inc. Zions Bank maintains 12 regional advisory boards in Utah and Idaho, which include leaders in each community representing business, civic, educational and agricultural interests. d Butler, a Santaquin native, had served as chairman of the Citizens Advisory Board for the Youth Detention Center in Provo, member and chairman of the Provo City Council, executive board Chamber of Commerce and board , member of the Provo-Gremember of the Provo City Department of Energy. Nature's Sunshine names new executive Nature's Sunshine Products Inc., a Provo direct seller of dietary supplements, promoted Gregory R. Halliday, its former vice president of U.S. sates and marketing, to the position of head of that department. Halliday replaces Dale G. Lee who will retire next year as executive vice president and president of US. sales. Halliday had served as the director of promotionsincentrvesrecognirjon, director of the Spanish sates and executive director of US. sales. Mountain West New podiatrist joins institute in American Fork Foot & Ankle Institute said a new podiatrist, Brandt R. Gibson, has joined its American Fork office. Gibson, a Highland native and a graduate of American Fork High School will begin his practice at the Mountain West Institute, at 36 N. 1100 East, Suite B in American Fork. Gibson, who specializes in fracture repair, bunion repair, hammer-toe repair and specialized diabetic foot care, graduated from Brigham Young University with a bachelor of science degree, and then received a master of science degree and doctor of podiatric medicine degree at Barry University in Miami National Briefing Oil Qwest THE ASSOCIATED PRESS WASHINGTON Oil prices shot up more than $1 a barrel Monday as traders focused on the changing path of Hurricane Ivan, which prompted several large oil and natural gas producers to evacuate rigs in the Gulf of Mexico. Light sweet crude for October delivery rose $1.06 to settle at $43.87 per barrel on the New York Mercantile Exqhange as Ivan pummeled the Cayman Islands, then strengthened to a Category 5 storm, with maximum winds of 160 mph, as it headed for Cuba. As a precautionary measure, Shell Oil Co. announced that 750 workers would be evacuated from the Gulf of Mexico and that approximately 272,000 barrels of oil and 880 million cubic feet of gas would be shut-ior cut off. n, r filed. SEC spokesman Donald Ho-e- rl in Denver declined to com- ment. The report followed a union official's comments Friday that Qwest had tentatively agreed to pay $250 million to settle fraud allegations by federal r c nications International Inc's former chief executive could soon face civil charges for his alleged role in an accounting scandal at the telecommunications comrjany, according to a published report. The Wall Street Journal reported Monday that the Securities and Exchange Commission recently sent a notice to Joseph P. Nacchio, Qwest's former CEO, indicating its staff would recommend civil charges be (I t ; KEVIN HiOlEYAsaociated Press Nacchio stands in his office in downtown Denver on Jan. 24, 2000, when he was chairman and CEO of Qwest. Nacchio could face civil charges for his alleged role in an accounting scandaL Jm regulators. Qwest spokesman"Bob Toevs declined to comment Monday on the reports of a company settlement or of possible action against Nacchio. ". Grace Leong DAILY HERALD Drivers along Interstate 15 may have noticed a big red "S" sign sitting on top of Doug Smith Autoplex's Suzuki dealership in American Fork. The Suzuki dealership's new look is part of a nationwide drive by American Suzuki Motor Corp. of Brea, Calif., to triple nationwide sales to 200,000 vehicles annually and introduce,, nine new vehicles in the United States by 2007. Called the Suzuki Square Retail Brand Image program, the new SuzLiki dealerships are designed to attract buyers with a e, ot a few select "1 en- shopper-friendl- y vironment featuring an open-a- ir marketplace design. To set it apart from other dealerships, the main entrance of the Doug Smith Suzuki at 501 W. Main St. in American Fork is outlined in red Suzuki's trademark color and insates side, a 9,000 square-fooffice and showroom displays only H- ' " ' . a models Suzuki Verona, Suzuki Forenza Forenza, which is a four-doThe company attributes some and an XL7 sport utility. A sedan and station wagon, and of its success to the redesigned the Reno, a four-doo- r grand opening of the newly decompact dealerships, increased advertissigned dealership is scheduled vehicle," said Frank Smith, one ing and promotions, and the infor Sept. 29. of three of Doug troduction of hew products late More than 330 dealerships Smith Autoplex. g last year, such as its ' iSrnith the nationwide, including the Doug Forenza and Verona. ' Smith Autoplex, have signed up aufc0 maD, which comprises a Doug Smith said his dealerto join the Suzuki Square proSuzuki dealership along with a ship sold about 250 Suzukis in Subaru arid a Chrysler Jeep the past 12 months since he acgram and some 106 Suzuki Square dealerships are now unDodge dealership, with his quired the Suzuki franchise, as der construction. brothers Doug and Brad. well as a Subaru franchise in "Suzuki is looking to develop So far, sales at the new dealMay 2003 from the Barber a presence in the U.S. by getBrothers. That compares with erships have been good, executives said American Suzuki's less than 50 Suzuki sales annuting dealers to build showrooms for them and adding on dealerships nationwide sold ally before Smith's acquisition. new products such as the econo52,287 vehicles so far this year,., Smith opened his first ' Hi1 cars such as the 26 my-size up percerrorttayeaj: ago. Chrysler Prymouth dealership co-ow- LOS ANGELES Sony Corp. and several financial partners have agreed in principle to acquire movie studio for about $2.94 billion in cash, sources familiar with the talks said Monday. The tentative agreement comes after Time Warner Inc. withdrew its bid early Monday because it could not agree on a price for MGM. Stocks of local interest Daily Herald The new StuuU dealership at Doug Smith Autoplex in American Fork will have its grand opening on Sept 29. The new look is part of a national effort by American Suzuki Motor Corp. to upgrade its Suzuki dealerships. The company hopes to triple nationwide sales to 200,000 annually. top-sellin- Sources: Sony, partners OK MGM acquisition Nacchio and Qwest have been under scrutiny since the Denver-basecompany restated financial results for 2001 and 2002 to lower revenue by about ' $2.5 billion. Nacchio, who , stepped down in June 2002, has not been charged with any wrongdoing. , In a statement released by the public relations company ' Rubenstein Associates, Nacchio denied any misconduct and said he would be vindicated if any civil charges are brought against him. "The actions which appear to be the focus of the SECs inquiry were subject to review and approval by numerous people," including other Qwest executives and the board of directors, the statement said. Qwest shares rose 7 cents, or 2 3 percent, to close at $3.10 on the New York Stock Exchange. Local Suzuki dealer gets new look stress-fre- prices spike on Hurricane Ivan concerns Qwest Commu- DENVER may face cM charges ex-CE-O 10-ac-re in Bountiful in February 1979 and a second one in Orem in 1987. He sold the Bountiful Chrysler Jeep dealership in 1997 to Dan Eastman, who later sold it to Larry H. Miller. The Chrysler Prymouth dealership in Orem was sold to Morris ' Motors, who later sold it to the Brent Brown Automotive Croup in Provo. Smith said he sold the Chrysler Prymouth dealerships to focus his resources on building the Chrysler Jeep Dodge . dealership as well as the Subr aru and Suzuki dealerships in American Fork. Yesterday's performance of selected publidy traded companies , ' ' SYM COMPANY AA Akoalnc ABS Atertson's, ABX BarridcGoH LAST Inc Pwr CHANGE SYM 30.79 0.04 MYGN 24.43 0.50 NATR 19.60023 NETM 3226-0.6- NOVl AEP Amer AIG Amer md Group 71.18 0.73 NU5 AMGN AmgaikK 57.92 0.62 AWA America West HoMngs'B' AT&T Wireless Svcs 635 030 AWE 14.660.01 BAC Bar of America 44.48 BU BAIL CORP BIS BeKouthCorp Electric . - 2934 012 PTZ PuMzerhc 36.60 026 Q CNveaGrmurialionsInd 27.47 036 RD Royal 39.12 023 S Sears.Roebuck 47.00 024 SBC SBC 027 0.00 SC0X SCO CMCSA Comcast 28.12 0.12 50.94 DAI ChewonTexamCorp Delta A Lines D6 Disney (Walt Co QNEX DionexCorp ERJCY EriasorKLMlTeTBADS 2332 4938 2061 0915 031 016 ETR FC EntergyCojp FranUn Covey GDW Golden West GE GenlBedric HCA HCAhc HRB Block (H&R) HSrC Schein (Henry) W Bus. Machines OS IBM 86.49 NTC Wei Corp XT JWN C) Nordstrom, he 20JO 37JO 4000 KRON Kronoslrc 44.85 LfB LonrriewFIn LU Uicert Technologies 1336 347 LUV SouAwtstAHns UM MCK MOBSONCORP MER Merrf Lynch 27 S2.1I 1609 4.13 MTTY MMS MBkMedkalSysim 17.17 MSFT MicmsoftCorp MU MtoonTednohgy 2725 1130 51.75 O07 030 027 018 SI Group Smith Intl 4093. 2684 189 5865 SK0 Shopko Stores 18X2 O02 SKYW SkyWesthc SNTO ADR Cbrrmuniatons SPI STA StMTtavefcrsGos STR SWFT Quest Corp Swift Transportation 015 653 030 29326 0174 33.95 026 4034 025 1834 028 ADS t (1460 he SY Sybase T ATiTCorp TGT UCL Target Corp Unocal Corp 024 UDft UrMDanHonRkfTr 19.77 027 023 019 033 045 O08 UNH UntodHeatti Group 69JH USB UTMD UiBancop Ui. Energy Corp USANAHealhSdans IMMedkal Products VZ Verizm Communicators 0.17 WEN Wendy's O09 WfC WekEtrgo 039 WMT toMmStacs 477 WM O01 X 011' 024 0JE Xa Xffll ZDN Born USEG USNA 15.15 4625 .3933 illM .2934 ' W Welder ' O50 MOO 1.01 ' 032 O04 107.69 019 33.75 013 39.70 032 0.00 4829 MTIY 019 007 Dutch Petrol .. lfcri WAV" ' c Energy tamp 224 3069 1930 4055 3648 . O40 002 043 018 028 014 013 O06 020 003 021 020 5119006 5335 410 32 1X27 002 031 012 6250 054 - - ,ysS.vSv,, Judge lets US Aifvvays use government loan Matthew Barakat THE ASSOCIATED PRESS O03 4924 110 0.84 157 0.12 6 32.13027 he SentoCorp Scottish Power 61.40 O' 6.550.13 26.68 Pfizer, CVX Enterprises O07 PGM Corp CRESTED CORP : 035 5.53 (ft CBAG ; 15.09 KG Otigrouplnc PemeyU NetManagehc Novel Inc 31.82-0.4- C Hnl 1752055 Myriad Genetics Nature's Sunshine Plod NWN BantaCorp ' LAST CHANGE NuSknEnttprises'A' Northwest Natural Gas BN CT A' COMPANY A ALEXANDRIA, Va. bankruptcy judge gave US Airways Group Inc. permission Monday to tap a government loan to fund dafly operations -amove expected to allow the airline to continue its normal . flight schedule while it searches for additional financing. U.S. Bankruptcy Judge Stephen Mitchell also gave the airline permission to continue its frequent flyer program and its alliances with other airlines. US Airways officials sought to assure customers that the air-line has no intention of going out of business even as it asked to skip required pay- ments to employee pension v funds. . "This management team isn't here to preside over a liquidation, said Brian Leitch, the airline's lead bankruptcy attorney, adding that the plan is to transform "into a vibrant ompeti-to- r who can match the low fares and low costs of competitors like Southwest Airlines Inc. and JetBlue Airways ' avoid payment oh several of its Corp; US Airways, the nation's sev- -t retirement plans, That includes The biggest busts enth largest airline, filed Sunday a $110 million pension payment fof bankruptcy protection for US Airways is the 28th largest to the plans fotits machinists the second time m two years.' ' '. and flight attendants that . bankruptcy in history. Largest r The airline filed after it was unwould have been due Wednes- -' bankruptcies since 1980, with able to obtain $800 million in an- day, and about $19 million in year of filing and size: nual cost cuts from its workers' ' contributions to'the pilots' , . . WorldCom Inc 2002 unions that the company said it , 401(kstyle retirement plan. : . needed to stay afloat' The company 's plan to skip . Enron Corp. . The airline wffl continue to , 2001 those payments raised con-cerseek those labor concessions from the Air Line Pilots while in bankruptcy. US AirAssociation and the federal " : ; Conseco Inc. 2002 ways chief executive Bruce Pension Benefit Guaranty Lakefieki said outside the courtCorp., which wants to ensure '. Texaco In room Monday that the company the pension plans' solvency. 1987 is its financial tar"We strongly recommend , gets, opening the possibility that that they reconsider their plan" v FrandalCoro. of America 1988 the airline will seek even greater to avoid retirement contribu- concessions from workers. tions, said Richard Seltzer, Global Crossing Ltd. ; 2002 "We're looking at everything lawyer for the pilots' unioa now," be said. "It's unfortunate and it's counLakefield said he still believes terproductive" as the airline PtofcGasandEtecMcOo. 200l" employees will voluntarily ne- continues contentious negotiagotiate new labor agreements. tions with the pilots' union. 2002 If not, the airline can ask the ; PBGC lawyer Susan Biren-- ; ' ; UAL Corp. court to cancel the existing la-baum said the pension contribu-tkm- s bar contracts. Lakefield woukl "are mandated by federal, 2002 OxnrnLTications net speculate on how long the ' law" and stressed "the impor--; continue would to taflce of continuing to fund the company seek consensual agreements." n - 1989 hit in bankruptcy.": J Meanwhile, the airline asked .v. .MncheH scheduled a hearing NOTE: All figures In Mlwrn on the issue for Oct. 7. . the court for permission to Tl ; , CiiD |