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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 07, 2001

Page

6

Market snapshot shows price shifts amid thin volume

A brief market summary notesNasdaq and other indices moving modestly as traders weigh economic signals. The report highlights small gains in several sectors and cautions about volatility ahead of upcoming data releases.

EchoStar bids $32 billion for Hughes Electronics

EchoStar Communications offered a bear hug unsolicited stock swap valuing Hughes Electronics at about 23 dollars a share, aiming to buy Hughes DirecTV and rival News Corp. EchoStar CEO Charlie Ergen said a merger would create a 56 billion company and broaden broadband for rural areas, while GM and News Corp discussions continued.

Littleton, Colo EchoStar Communications Corp Hughes Electronics Corp News Corp Directv General Motors Corp Hughes EchoStar Charles W. Ergen el Segundo New York Stock Exchange Rupert Murdoch Steve Harris Charlie Ergen Ergen

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