THURSDAY BRIEFING


Published: Thursday, January 22, 2004 at 6:01 a.m.
Last Modified: Wednesday, January 21, 2004 at 11:19 p.m.

Gatorland Toyota expanding vehicle line

  • Gatorland Toyota in Gainesville is expanding its current lines of vehicles, and also is in the very preliminary stages of plans to build a new facility on North Main Street.

  • Within two weeks the current Toyota facility on North Main Street will begin offering the Scion, which is expected to appeal to young drivers. The Scion XA is more of a sports car and the XB is sort of a cross between a sport utility vehicle and minivan, according to dealership co-owner Adam Rohlman.

    As for the new facility, the company is just beginning the permitting stage of its plans to construct a new dealership, so few details are currently available, according to Rohlman.

    - Doris Chandler

    SFCC hosts job fair for future health workers

  • Santa Fe Community College is hosting a career placement day from 10:30 a.m. to 1:30 p.m. today, offering students in its 17 health sciences programs the chance to meet with potential employers.

    About 200 students looking for a career in health care are expected to attend, organizers say.

    The career fair will be held in Room 1 of Building R on the college's northwest campus, 3000 NW 83rd Blvd.

    Last year more than 50 organizations representing more than 100 hospitals and health care facilities in Florida and Georgia attended the event.

    - Diane Chun

    Stocks end mixed on downbeat tech news

  • NEW YORK - Strong bank earnings pushed the Dow Jones industrial average and the Standard & Poor's 500 index to new 22-month highs Wednesday, but technology stocks lagged on disappointing news from Lucent Technologies and Motorola.

    With little market-moving news coming out of President Bush's State of the Union address Tuesday night, analysts attributed the gains to upbeat quarterly profit reports, led by J.P. Morgan Chase. However, six weeks of advances in tech and telecommunications stocks prompted many investors to collect profits in those sectors.

    The Dow closed up 94.96, or 0.9 percent, at 10,623.62. It was the highest close for the index stocks since March 19, 2002, when it ended the day at 10,635.25.

    The broader gauges were mixed. The Nasdaq composite index closed down 5.53, or 0.3 percent, at 2,142.45. The S&P 500 gained 8.85, or 0.8 percent, to 1,147.62 - its highest close since March 22, 2002, when it finished at 1,148.70.

    - The Associated Press

    J.P. Morgan profits top Wall Street estimates

  • NEW YORK - J.P. Morgan Chase & Co. on Wednesday reported a fourth-quarter profit of $1.86 billion, a turnaround from a loss a year ago and well above Wall Street's expectations. Like other major banks that have been reporting earnings in recent days, J.P. Morgan's profits were boosted by improvements in both corporate and consumer credit as well as the rebounding stock market.

    Profits at Bank One Corp. were well above projections. Last week, J.P. Morgan announced that it was acquiring Bank One in a $58 billion deal that will create the nation's second largest financial institution. With assets of $1.1 billion, the merged institution will second only to Citigroup.

    - The Associated Press

    Profit more than doubles at Fannie Mae

  • WASHINGTON - Fannie Mae, the nation's largest mortgage-finance company, Wednesday said fourth-quarter profit more than doubled and business volume surged 68 percent during the year. For the fourth quarter, Fannie Mae reported net income of $2.2 billion, or $2.21 a share, compared with $952 million, or 94 cents a share, a year earlier.

    - Dow Jones/AP

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