Disney buys Capital Cities ABC in $19 billion deal
U S stocks edged lower on Monday as economic data tempered enthusiasm over a major merger. The Dow drifted, while Disney rose on plans to acquire Capital Cities/ABC in a roughly $19 billion transaction, fueling takeover speculation and pressuring rate-cut hopes amid mixed economic signals. The Commerce Department reported a 0.4 percent rise in personal income and 0.2 percent spending gain in June, with manufacturing in Chicago providing an upbeat note despite weak overall growth in Q2 1995.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Walt Disney Co
Capital Cities
ABC
Disney
Media Entertainment Group
Chicago
Commerce Department
Commission eyes magistrate move in Princeton space crisis
Mercer County Commission and court officials met to discuss relocating the Princeton magistrate offices due to space shortages. Options discussed include the Princeton Business Hatchery, DOH annex, and renovations to current buildings with potential auction plans for the hatchery site and a four-year layout horizon.
MENTIONED IN THIS ARTICLE
Princeton
Mercer County Commission
Mercer County Magistrate
Main Street
Princeton Business Hatchery
John R. Frazier
Wayne Shumate
Gardner
Frazier
Circuit Court
Magistrate Court
Commission
Buddy Warden
Memorial
County Commission
Daily Record Police Blotter Summary
Bluefield police log Monday reports include an alarm at Mercer Wholesale on Grassy Branch Road, secured per Officer Dillon. A disabled motorist on US 460 and US 52 was found. driver absent per Officer Dillow. Gunshots near Pizza Hut heard. location not found per three officers. Forged check at China Inn per Officer Haynes. Stolen vehicle recovered near Appalachian Power Company lot per Officer Lightfoot. Kroger’s incident noted per Sgt. Ferrell. details unavailable.
MENTIONED IN THIS ARTICLE
Mercer Wholesale
Grassy Branch Road
D.M. Dillon
D.M. Dillow
Pizza Hut
M.A. Beck
K.C. Hazuka
D.M. Dil
China Inn
G.A. Haynes
Appalachian Power Company
G.W. Lightfoot
Kroger’s
R.F. Ferrell
Probe continues into weekend drug bust in Bluefield
Bluefield police investigate a weekend drug bust at a McDonald’s in the Walmart Plaza. No arrests by Monday night, but charges are pending. Four McDonald’s employees are under investigation after police responded Saturday to a tip, recovering a quarter bag of marijuana. Authorities expect more details later in the week and may involve the Tazewell County Narcotics Task Force.
MENTIONED IN THIS ARTICLE
Bluefield
McDonald’s
Jack Asbury
Asbury
Tazewell County
American Electric to cut 1200 power plant jobs
American Electric Power Service Corp the parent of Appalachian Power Co unveiled a plan to cut 1200 of 5200 jobs at power plants in five states as part of a corporate reorganization West Virginia faces the largest share with 505 cuts Columbus Ohio based firm will offer a severance plan to power plant and some maintenance workers with up to a year of pay continued medical and life insurance and job placement help Workers have until October to accept the plan and avoid non voluntary reductions Union representatives say the plan is lucrative but not welcome by employees
MENTIONED IN THIS ARTICLE
Charleston
American Electric Power Service Corp
Appalachian Power Co
West Virginia
John R. Jones
Ohio
Indiana
Kentucky
Virginia
Jones
Columbus
American Electric Will
United Steelworkers
Dallas Elswick
Elswick
American Electric
Also Mentioned on This Page
Ron Campbell
Tment Planning
Robert Thomas Securities, Inc
Abbott Labs
Allegheny Power
AM. Electric Power AM. Family Corp
Ameritech
At&t Corp
Anheuser-Busch
Apple Computer
Ashland Coal Inc
Ashland Oil Inc
Atlantic Richfield
Baker-Hughes Inc
Baltimore Gas & EL
Bearings Inc
Bell Atlantic
Bellsouth Corp
Bethlehem Steel
Boeing CO
Cabot Oil & Gas
Carolina Power
Chevron Corp
Chrysler Corp
Chubb Corp
Citizens Utilities
Coca-Cola CO
Columbia Gas Sys
Columbia Healthcare
CON
Nat's Gas
Corning Inc
Crestar Financial
CSX Corp
Detroit Edison
Dominion Res
DOW Chemical
Dupont
Eastern Ent
Eastman Kodak
Emerson Electric
Ethyl Corp
Exxon Corp
First Union Corp
Virginia Bank
Flowers Industries
GEN. Electric CO
GEN. Motors Corp
GTE Corp
Georgia Pacific
Gillette CO
Glaxo Holdings
Goodyear Tire
Hercules Inc
Humana Corp
Kroger CO
Lowe's CO
Mapco Inc
McDonald's Corp
MCI Communications
Merck & CO. Inc
Mobil Corp
Monsanto CO
Mylan Labs
Nash Finch CO
Nationsbank Corp
Navistar Int'l
Nike, Inc
Norfolk Southern
Occidental Pete
ONE Valley Bank
Pacific Telesis
J.C. Penney CO
Pennzoil CO
Pepsico Inc
Phila, Electric
Philip Morris Cos
Phillips Petroleum
Pittston Minerals
Pittston Services
Potomac
PWR
Praxair, Inc
Premier Bankshares
Pulask Furniture
Reebok Int'l
REX Stores Corp
Reynolds Metals
Rite Aid Corp
RJR Nabisco Hldg
Rockwell Int'l
Sara Lee Corp
Sears Roebuck
Sherwin Williams
Shoney's Inc
Signet Banking
Southern CO
Tenneco Inc
Texaco Inc
Union Carbide
Union Pacific
Unisys Corp
Universal Corp
Usair Group
USX
Marathon Oil
U.S. Steel
Wal-Mart
Wendy's Int'l
Westinghouse EL
Westmoreland Coal
Westvaco Corp
Xerox Corp
Tony Barbery
The
Daily Telegraph
John Anderson
Department of Highways District 10
DOH
Ben Faulkner
Magistrate Offices
Anderson
Harold Buckner
John Rapp
Daily Record
Bluefield Police Department
Charles Owens
Citizens Telecom
Cellularone
Crossroads Mall
Mercer Mall
Harper Road
Beckley
Lewisburg
Richlands
Associates In Obstetrics and Gynecology
St. Luke’s Hospital
St. Luke’s
Southview Drive
Robert P. Pulliam
Owen C. Meadows
Michael T. Webb
Nancy R. Webb
Raleigh General Hospital
Beckley, WV
Norman W. Taylor
William A. Searing
Norman L. Siegel
Angel L. Rosas
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