Inflation jitters lift again as stocks retreat modestly
Inflation jitters resurfaced on Friday as the Dow fell about 120 points, then recovered to close down 28.57 at 8194.04. The week still shows a gain, while the Nasdaq neared another record close as the NAPM index indicated July manufacturing activity rose to the highest in nearly three years, with prices for manufacturing inputs jumping.
MENTIONED IN THIS ARTICLE
New York
Dow
National Association of Purchasing Management
NAPM
Microsoft Wins Approval for WebTV Networks Buyout
The Justice Department approved Microsoft Corp.'s 425 million acquisition of WebTV Networks, ruling there is competition in connecting home televisions to the Internet. The decision follows an April 6 review, with officials noting several firms will enter or expand competitive TV Internet products. Microsoft aims to accelerate Internet and television merging as digital TV evolves.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Microsoft Corp
Department
Microsoft
Webtv Networks
Palo Alto, Calif
Craig Mundie
Unemployment Rate Falls to 4.8 Percent in July
The nation’s jobless rate eased to 4.8 percent in July, tying a 24 year low. President Clinton touted progress while markets cooled on inflation worries. Dow ended down 28.57 at 8194.04 after a volatile week. 30 year Treasuries rose to 6.46 percent. Wages held at $12.23 hourly, with inflation unlikely to spike soon. Fed kept rates steady, with a 50 chance of a hike in September.
MENTIONED IN THIS ARTICLE
RON Campbell Investment Planning
Robert Thomas Securities, Inc
Abbott Labs
Allegheny Power
AM. Family Corp
Ameritech
At&t Corp
AM. Water Works
Anheuser-Busch
Apple Computer
IND. Tech
Ashland Coal Inc
Ashland Oil Inc
Atlantic Richfield
Baker-Hughes Inc
Baltimore Gas & EL
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
Crestar Financial
CSX Corp
Detroit Edison
Eastern Ent
Eastman Kodak
Emerson Electric
Ethyl Corp
Exxon Corp
First Union Corp
Virginia Bank
Flowers Industries
FMC Corp
Food Lion Inc
Ford Motor CO
GEN. Electric CO
GEN. Motors Corp
GTE Corp
Georgia Pacific
Gillette CO
Glaxo Holdings
Goodyear Tire
Hercules Inc
Humana Corp
IBM Corp
Ingersoll Rand
Intel Corporation
Kroger CO
K-Mart Corp
Lowe's CO
Lucent Technologies
Mapco Inc
McDonald's Corp
MCI Communications
Merck & CO. Inc
Microsoft Corp
Mobil Corp
Monsanto CO
Mylan Labs
Nash Finch CO
Nationsbank Corp
Navistar Int'l
Nike, Inc
Norfolk Southern
Occidental Pete
ONE Valley Bank
J.C. Penney CO
Pennzoil CO
Pepsico Inc
Pittston Minerals
Potomac Elec
PWR
Praxair, Inc
Pulaski Furniture
Sears Roebuck
Sherwin Williams
Shoney's Inc
Signet Banking
Southern CO
Tenneco Inc
Texaco Inc
TRI Continental
Union Carbide
Union Pacific
Unisys Corp
Universal Corp
Usair Group
Marathon Oil
USX
U.S. Steel
Wal-Mart
Walt Disney CO
Wendy's Int'l
Westinghouse EL
Westwaco Corp
Xerox Corp
DOW Jones
Washington
Clinton
Rose Garden
Wall Street
Treasury
Sung Won Sohn
Norwest Corp
Minneapolis
Sohn
Fed
Cities designated for NAFTA loans
The Clinton administration named 35 communities in 19 states eligible for NADBank backed loans to aid economic development and environmental cleanup after NAFTA related job losses. Treasury officials said the program aims to create opportunities in areas most affected, despite criticism from some Hispanic lawmakers.
MENTIONED IN THIS ARTICLE
Washington
North American Development Bank
Nadbank
Congress
Mexico
Canada
NAFTA
U.S
Treasury
Robert Rubin
Clinton
Latin America
Esteban Torres
D-Calif
Labor Department
Livestock auction report from Tazewell farmers market
Livestock auction at Farmer’s Livestock Market in Tazewell July 31 lists prices by weight for heifers steers bulls slaughter cattle breeding stock lambs sheep and goats. Also announces a horse and tack sale at 6 p.m. Wednesday Aug 13.
MENTIONED IN THIS ARTICLE
Tazewell
Farmer’s Livestock Market
Dollar surges as US data spark rate hike bets
The dollar climbs to an eight year high versus the mark and strengthens against most currencies after stronger US employment, income, spending and manufacturing data raise expectations of higher rates. It briefly tops 119 yen amid Japanese weakness but ends lower on talk of intervention. Traders cite strong numbers fueling bets on Fed tightening.
MENTIONED IN THIS ARTICLE
York
U.S
Federal Reserve
Bank of Japan
Jim Powers
New York
Westdeutsche Landes Bank
Also Mentioned on This Page
Webtv UK
United States
Mundie
Federal Communications Commission
Asondjfmamj
Jfmamj
Administration
Dollar
Mark
Four Seasons Country
Bluefield Daily Telegraph
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!