Apr 12, 2007 at 9:54 AM
Stocks move higher despite sales, oil data
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NEW YORK - Stocks resumed their advance Thursday following a one-day hiatus as investors looked past a somewhat cloudy picture for retail sales and higher oil prices. After a back-and-forth morning, the Dow rose 68.34, or 0.55 percent, to 12,552.96. The Standard & Poor's 500 index rose 8.93, or 0.62 percent, to 1,447.80, and the Nasdaq composite index picked up 21.01, or 0.85 percent, to finish at 2,480.32. Bonds showed little overall movement as stocks took the lead. The yield on the benchmark 10-year Treasury note was unchanged at 4.74 percent from late Wednesday after being lower earlier in the session. The dollar was mixed against other major currencies, while gold prices fell. Light, sweet crude oil settled up $1.84 at $63.85 per barrel Thursday on the New York Mercantile Exchange. Advancing issues outnumbered decliners by about 2 to 1 on the New York Stock Exchange, where consolidated volume came to 2.75 billion shares, compared with 2.91 billion Wednesday. The Russell 2000 index of smaller companies rose 6.81, or 0.84 percent, to 815.05.
Magazine publishes Salluzzo commentary
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KINGSPORT - An editorial commentary by Dr. Richard Salluzzo on Wellmont Health System's initiative to create a template for the safest hospitals in the United States is featured in the current issue of Modern Healthcare magazine. Salluzzo, a double-board-certified physician, is Wellmont's president and chief executive officer. In his full-page commentary, Salluzzo details Wellmont's mission to define the attributes of "the safest hospital" through measures and metrics that physicians and clinical staff will strive to meet. The commentary, titled "Measures aren't everything: Creating a safe hospital is a lasting, open process across the whole enterprise," is published in the April 9 issue of Modern Healthcare. The magazine has a circulation of more than 71,000. "For hospital leaders who bear the heavy responsibility of caring for our neighbors at their most vulnerable, I see two choices," Salluzzo wrote in his commentary. "Either we provide every patient with a skilled guardian to stand at the bedside and protect against the daily glitches and risks that we have allowed to develop in our hospital processes, or we fix them." A complete text of Salluzzo's commentary is available by clicking on the "In the News" tab at www.onlinepressroom.net/wellmont/.
Johnson County broadband wins award
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NASHVILLE - The Johnson County Broadband Initiative has received the Rebuild Tennessee Award from the Tennessee Development District Association (TDDA). The award was announced March 21 at the TDDA annual meeting in Nashville. Johnson County, the Tennessee Department of Economic and Community Development, and Embarq partnered to provide broadband service to a large portion of the county, where companies such as Custom Crate and Pallet, and Mountain City Hardwood were relying on dial-up Internet service. Through the partnership, Embarq was able to install eight remote Digital Subscriber Line (DSL) sites on its existing fiber ring. Because of the success of the project, Embarq has upgraded the DSL equipment to serve more customers and made the sites more capable for future fiber technology. In a related project, Johnson County partnered with Northeast State Technical Community College and the Johnson County Board of Education to make post-secondary education available. As of January, Northeast State is offering distance education classes over the Embarq network. The Appalachian Regional Commission, Northeast State and local funds were used to fund the equipment and building renovation for this project.
Creative Energy gets Butterball contract
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JOHNSON CITY - Creative Energy Group Inc. has been assigned public relation duties for Butterball Foodservice. The agency will be responsible for trade media relations targeting chefs, food service operators and distributors in the commercial and non-commercial markets. "Butterball is one of the best-known and well-loved brands among consumers and food service operators," said Jack Civa, Butterball Foodservice director of marketing. "Creative Energy will help grow our brand even more through its solid relationships and breakthrough public relations ideas within the food service business." The Butterball brand was acquired by Carolina Turkeys of Mount Olive, N.C., from ConAgra in 2006, making it the largest producer of turkey products in the United States. The Butterball brand has become Carolina Turkeys' premium brand of turkey products. The Carolina Turkeys brand will continue to be available to food service operators.