Rausch has been the business editor since September 2008, previously serving as senior business reporter. He joined the Chronicle in April 2007. He has written for newspapers in Napoleon, Ohio, Moline, Ill., and Lima, Ohio. He holds a bachelor of science in journalism from Ohio University (1992). In 2006, he received a second place award in business writing from the Association Press in Ohio.
Posted November 15, 2013 03:22 pm - Updated November 19, 2013 12:25 pm

Stocks are still riding on a very high wave

As most stock indexes are trading at their half-year high and seemingly setting records every day, it is worth noting that several of the stocks of local interest that we follow in the Sunday business section are also trading close to their high points.


There are a dozen of them hovering around their 52-week-highs.


Kimberly-Clark was trading high even before Thursday’s announcement that it was going to spin off its health-care business as its own company.


The stock closed Thursday at $109.71 per share, which is the high.


Automatic Data Processing closed at $76.97, not far off its high of $77.43.


The medical supply maker Covidien was trading at $66.08 at the end of Thursday, just pennies away from the half-year high.


Augusta is the epicenter of golf car manufacturing, and both of those major companies are doing well, as are their stocks.


Ingersoll-Rand, which owns Club Car, ended trading on Thursday at $68 flat, 94 cents under the high. Textron, which owns E-Z-GO, was $30.67. The high for that stock is $31.30.


Others hovering are DSM, Fifth Third Bank, Onex Corp., Kellogg, Synovus and Procter & Gamble.


SURVEY SAYS: The global staffing agency Manpower conducts a quarterly survey of its employers to test the temperature of hiring.


The latest survey, covering the last three months of the year, says the new employment outlook is on the positive side for the Southeast.


In all industries, 72 percent of the South is going to keep the same level of employees, 7 percent are thinking of layoffs and 19 percent are going to add to their payrolls.


The most hiring will be in hospitality, leisure and retail.


EDUCATION AS AN EXPORT: The New York-based Institute of International Education says college students in Georgia from foreign lands are spending more than $500 million on tuition, fees and living expenses.


When we consider the ripple effect of that money, the report says, foreign students support 7,239 jobs in the state.


Global Atlanta reports that the spending is more valuable than exporting kaolin and carpet.