Friday, February 4, 2005

Michigan Report

Collins leads fall in state stocks

By Chris Dolmetsch / Bloomberg News

Stock Spotlight Collins & Aikman Corp. Collins & Aikman Corp. (CKC) supplies automotive interior systems, including textile and plastic products, acoustics, and convertible top systems. The company operates facilities worldwide, including automotive design, development, and testing centers. Wednesday's loss: 22 cents to $3.16 52-week high: $6.65 52-week low: $2.82 Comment on this story Send this story to a friend Get Home Delivery

Michigan stocks fell, led by Collins & Aikman Corp.

The Bloomberg Michigan Index fell 0.77, or 0.4 percent, to 211.99. Forty-five stocks rose, 23 fell and six were unchanged. The index has risen 5.7 percent in the past year.

Troy-based Collins & Aikman Corp., which makes automotive carpeting, led the index's decliners, falling 22 cents, or 6.5 percent, to $3.16.

Benton Harbor-based Whirlpool also fell, losing $2.92, or 4.3 percent, to $65.35. Whirlpool Corp., the world's second-largest home-appliance maker, said fourth-quarter net income declined 22 percent as steel and oil costs rose.

Grandville-based X-Rite Inc., which makes hardware and software that allows customers to match colors, was among the index's leading gainers, rising $1.36, or 9 percent, to $16.50. Rockford-based Wolverine World Wide, which makes Hush Puppies shoes, also rose, gaining 24 cents, or 1.1 percent, to $22.91.

Automakers fell. General Motors Corp. fell 24 cents, or 0.6 percent, to $37.31. Ford Motor Co. fell 16 cents, or 1.2 percent, to $13.11. DaimlerChrysler AG fell 32 cents, or 0.7 percent, to $46.21.

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