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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Aug 05, 2000

Page

5

US relaxes export rules for high speed business computers

Washington AP The Clinton administration loosened export restrictions on high speed business computers, a move applauded by the computer industry as boosting overseas sales to stay competitive. Industry leaders call it a short term fix, noting rapid tech advances. The policy doubles the export speed limit to 28 000 mtops for sales abroad to India Pakistan the Middle East the former Soviet Union China Vietnam and Central Europe.

Washington Clinton White House U.S Lou Gerstner IBM Corp Computer Coalition For Responsible Exports India Pakistan Middle East Soviet Union China Vietnam Europe

Goldilocks economy hailed as July jobs steady at 4 percent

Economists call the July unemployment rate of 4 percent near a 30 year low as manufacturing recovery cushions a Census job loss of 290,000. Private payrolls rise 138,000 while total payrolls fall 108,000. Wages up 0.4 percent to 13.76 an hour. Labor Secretary Herman and Vice President Gore campaign amid the solid data. The Fed may see grounds for a soft landing with slower growth ahead.

Washington Labor Department Goldilocks Federal Reserve Robert Dederick Northern Trust Co Chicago Wall Street Bill Cheney John Hancock Financial Boston Clinton White House Alexis Herman al Gore Ing Jerzy Jasinowski National Association of Manufacturers Eet Fed

Stocks Rise Modestly After Employment Report

U S stocks fluctuated for a second straight day and closed higher as July employment data suggested the job market may be easing. The Dow rose late to 10,767.75, the Nasdaq gained 27.48 to 3,787.36, and the S P 500 advanced 10.37 to 1,462.93. Analysts noted volatility from mixed signals, with unemployment steady at 4 percent despite 108,000 payroll losses mainly from census work. Private payrolls rose 138,000, hinting Federal Reserve rates may hold. Banking, finance and select tech shares led gains while big names like Intel and Merck declined.

Abbott Labs Allegheny Electric AFLAC SBC Communications At&t Corp AM. Water Works Anheuser-Busch Apple Computer IND. Tech Arch Coal Ashland Oil Inc BP Amoco Baker-Hughes Inc Constell Energy Bank OF America Verizon Bellsouth Corp Bethlehem Steel Boeing CO Viacom Cabot Oil & Gas Carolina Power Chevron Corp Chubb Corp Citizens Utilities Coca-Cola CO Columbia Energy HCA Healthcare Corning Suntrust CSX Corp CVS Corp Daimlerchrysler AG DTE Energy Dominion Res DOW Chemical Dupont Eastern Ent Eastman Kodak Emerson Electric Ethyl Corp Exxon Mobil First Union Corp 1St Virginia Bank Flowers Industries FMC Corp Delhaize America Inc Ford Motor CO GEN. Electric CO GEN. Motors Corp Georgia Pacific Gillette Goodyear Tire Hercules Inc Humana Corp IBM Corp Ingersoll-Rand Intel Corporation K-Mart Corp Kroger CO Lowe's Cos Lucent Technologies McDonald's Corp Merck & CO. Inc Microsoft Corp. Ups Nash Finch CO Navistar Int'l Nike, Inc Norbols Southern A OY Norfolk Southern Occidental Pete BB &T Pepsico Inc PECO Philip Morris Cos Phillips Petroleum Pittston Brinks Potomac Elec PWR Praxair, Inc Reebok Int'l REX Stores Corp Rite Aid Corp RJ Reynolds Rockwell Int'l Sara Lee Corp Sears Roebuck Sherwin Williams Shoney's Southern CO Tenneco Inc Union Pacific Unisys Corp Universal Corp Usair Group USX Marathon Oil U.S. Steel Wal-Mart Walt Disney CO Wendy's Int'l Westvaco Corp Williams Companies Valley Natural Gas XEROX DOW Jones Industrial New York Standard & Poor Labor Department Federal Reserve Board James Meyer Janney Montgomery Scott Philadelphia J.P. Morgan Merrill Lynch Ciena Oracle

Also Mentioned on This Page

RON Campbell Investment Planning Raymond James Financial Services Meto Department of Labor Yahoo Intel Merck Tire Service Bluewell Alicia Fox Oakwood Bluefield Bluefield of Telegraph Reesenks Chicory Square Dayna Itute Set Greenbrier Nokia Cellular One Redken Bobbi Douglas Sporting Goods Chevrolet Diamond Land Heilig- Meyers Lilly’s Jewelers AAA Ramey Princeton Stihl Country Power Ross Jewelers Empire Gold Leslie Ann’s Bernard’s Kammer Furniture T&t Pontiac Ercoline Nissan One Valley Bank First Century Bank Wall Mirror Bluestone Bluefield Daily Telegraph Tomchin Furniture Core First Community Bank Ace Adventure
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