Money August 6 1998 Closing Prices
Closing prices and quotations provided by Ron Campbell Investment Planning and Robert Thomas Securities, Inc for August 6, 1998.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 07, 1998
Page
5
Closing prices and quotations provided by Ron Campbell Investment Planning and Robert Thomas Securities, Inc for August 6, 1998.
West Virginia Gov. Cecil Underwood urged officials to ignore new mountaintop removal guidelines "whenever possible" until a 17 member task force reports findings by Dec 1. DEP Director Mike Miano says agency may discretionarily overlook the law as environmental groups challenge expanded land disruption limits and higher payments.
U S factory orders edged up 0.1 percent in June to 330.5 billion, after May's 2.2 percent drop. Unemployment claims held near a 15 week low, while export sales to Asia slumped and imports increased. Analysts noted crosswinds from Asia and strength in consumer-related industries despite a global slowdown.
Technology shares advanced lifting the Dow Jones to 8577.68 as Nasdaq jumped 2.3 percent to 1829.51. Intel, Dell, and Microsoft led Nasdaq gains while American Express weighed on the Dow after a cautious profit forecast. Broad market gains were modest amid mixed signals from pharma and finance.
More than 80,000 Bell Atlantic employees from West Virginia to Maine threaten a weekend strike if new contracts aren’t reached with CWA and IBEW. Talks continue in New York, Washington, Boston and Philadelphia, with potential service disruptions feared while unions push against contracting out work.
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