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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 16, 1997
Page
7
The Dow Jones industrial average tumbled 247.37 points to 7,694.66, its second-worst point drop, capping a seven day decline of 565 points amid fears of inflation and rising rates. Investors note the index remains up over 19 percent for the year despite the selloff.
Washington AP report on Day 12 of the UPS strike finds renewed talks yielding no new agreement. Union leaders urge members to stay firm while government mediators press for real bargaining. Carey says no progress despite increased meetings.
In Washington the Postal Service operates a 24 hour command center on the seventh floor of postal headquarters to manage a surge from a UPS strike. Officials say the center handles 1.8 to 2.4 million extra items daily, with 10 regional centers feeding data to 16 terminals and four large screens for mail volume, transport issues, and weather alerts.
Experian Inc formerly TRW launched an Internet service allowing individuals to view their credit reports for 8 dollars after supplying Social Security numbers and other private data. Privacy advocates fear fraud risks, while supporters say online access helps people review and correct records.
West Virginia residents can choose among 12 in state long distance carriers for the first time, with average 10 minute calls dropping from 3.53 to 1.50 dollars as competition lowers prices. Excel offers 1.33 while Citizens Telecom lists 3.00. Consumers urged to compare overall packages before switching.
Horizon Bancorp Inc. posted a net income of 3.51 million for the quarter ending June 30, up 14.7 percent from 1996. Earnings were 38 cents per share, vs 33 cents a year earlier, with first quarter net interest income at 11.3 million. The company reported 955 million in assets and operates five banks with 21 offices in southern West Virginia. 5 ECKLEY AP Horizon Bancorp Inc. reported second-quar
LEANOR AP reports about 12,000 no‑shows out of nearly 30,000 scheduled applicants for 250 positions at Toyota Motor Manufacturing Inc. engine plant in Putnam County. Only 18,000 appeared Aug 4–13, aiding smoother intake as managers review candidates for a plant expected to reach full production in 2000.
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