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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 09, 2000
Page
6
Norfolk Southern Corp. will lay off 228 carmen in the Roanoke area as it completes a special order to convert coal gondola cars for coke transport. Spokeswoman Susan Terpay said the layoffs affect Roanoke car shops and follow a prior furlough of 55 signalmen, bringing total weekly layoffs to 283.
Wall Street closed higher on optimism rates stay steady, with the Dow up 109.88 to 10,976.89 and the S P 500 at 1,480.01 while the Nasdaq slipped 14.45 to 3,848.54. Tech shares eased after Monday’s advance as investors awaited Cisco earnings and inflation data. Verizon fell after weaker second quarter results. Microsoft and Oracle gained as Kodak and IBM led the Dow with solid gains.
Boeing Co aims to settle 224 lawsuits filed after TWA Flight 800’s 1996 crash. A May court ruling allowed more information on 230 victims, enabling offers. 52 settlements have been reached. some deals reportedly reach mid seven figures.
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