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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Apr 01, 2000
Page
5
Closing prices and quotations provided by Ron Campbell Investment Planning and Raymond James Financial Services. Contact (304) 325-7334 for NASD SIPC member details and market data summaries for the period ending March 31, 2000.
Americans boosted spending by 1 percent in February, the fastest since December, while personal income rose only 0.4 percent. The savings rate slid to a record 0.8 percent as spending outpaced income, with economists warning the Fed may continue raising rates to curb inflation.
Technology shares helped the Nasdaq rise for the first time since last Friday while the Dow Jones index fell. Dell Computer Intel Cisco Systems and JDS Uniphase led gains as investors rotated to established computer makers and infrastructure firms, but riskier Internet plays slumped with darkpop and E Spire among notable losers. General Electric and Conseco declined amid mixed indicators and a cautious mood.
Coca-Cola Bottling Co Consolidated offers a 50000 reward after three delivery trucks were hit by gunfire on an Interstate 64 ramp near St. Albans. No injuries reported. The Huntington warehouse strike by 38 Teamsters since March 14 spurred property damage and picket lines across several towns. Union leader Ken Hall denounces violence. company says talks are not planned.
Five eastern West Virginia counties Hardy Grant Hampshire Mineral and Pendleton are projected to grow through 2004 led by agriculture and timber. A WVU Extension study says Corridor H will spur new industry and ease transport. Drought looms as farmers push for drought resistant progress.
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