Business briefs

Published: Saturday, January 15, 2005 at 6:01 a.m.
Last Modified: Friday, January 14, 2005 at 10:26 p.m.

Mammatech shares to trade on exchange

  • Gainesville-based Mammatech Corp. (OTCBB: MAMM), which developed The MammaCare program for early breast cancer detection, has been approved for listing on the Frankfurt Stock Exchange (Freiverkehr). The company's shares began trading this week on the Frankfurt Exchange under the name Mammatech, trading symbol NBN1.
    Mammatech's U.S. trademark, MammaCare, is registered in the EU Common Market Company Chairman Dr. Mark Goldstein described the Frankfurt Exchange listing as an important step toward providing greater liquidity for Mammatech's European shareholder base.
    ''European investors are showing interest because the MammaCare program is gaining popularity in Europe. MammaCare is practiced at leading medical institutions in Frankfurt and in Munich. Investors will now have easier access to trade Mammatech's shares," Goldstein said. "We made a commitment to European women and to investors to have our breast cancer screening technology available in the EU and our shares listed on a major European exchange. We are pleased to deliver on these commitments.''
    N.M. Fleischhacker AG in Frankfurt is the specialist for the trading of Mammatech's shares on the exchange.
    - Doris Chandler

    Drop in wholesale prices helps send stocks higher

  • NEW YORK - Investors welcomed a larger-than-expected drop in wholesale prices and sent stocks higher Friday, ending a troubled week on Wall Street on a positive note. The major indexes nonetheless suffered a loss for the second straight week.
    Wall Street had been hoping for a decline in the Producer Price Index, fearing that a rise in wholesale prices would prompt the Federal Reserve to be more aggressive in raising interest rates. The PPI fell 0.7 percent in December, much more than the 0.2 percent decline economists expected. It was the steepest decline in the PPI since April 2003.
    The Dow Jones industrial average rose 52.17, or 0.5 percent, to 10,558.00, making back nearly half the 111.95 it lost Thursday. Broader stock indicators saw moderate gains. The Standard & Poor's 500 index was up 7.07, or 0.6 percent, at 1,184.52, and the Nasdaq composite index climbed 17.35, or 0.84 percent, to 2,087.91.
    - The Associated Press

    Macy's will enforce policy against profiling

  • NEW YORK - A division of the retailer Macy's has agreed to pay $600,000 and make sure its security officers adhere to store policy that prohibits using racial or ethnic profiling in detaining suspected shoplifters.
    The agreement between Macy's East Inc. and state Attorney General Eliot Spitzer was filed Friday in U.S. District Court in Manhattan, and covers Macy's stores in New York state.
    - The Associated Press

    Retrial to begin for former Tyco executives

  • NEW YORK - The retrial of two top Tyco International executives accused of stealing $600 million of company money to finance lifestyles of gaudy excess is set to begin next week. Legal experts say prosecutors should, and probably will, focus less on items like the $6,000 gold-threaded shower curtain bought with company money and concentrate more on the alleged thefts.
    The first trial of L. Dennis Kozlowski and Mark Swartz was aborted after six months last year by a menacing letter and telephone call to a juror.
    - The Associated Press
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