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Bluefield Daily Telegraph in Bluefield, West Virginia

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Aug 17, 2000

Page

5

Donation funds new van for Princeton Health & Fitness Center

James Ramey Sr. donated $1,000 to the Princeton Community Hospital Foundation to help offset the cost of a new 15 passenger Dodge van for the Princeton Health and Fitness Center. Mike Robinette and Roger Gandee presented the donation Wednesday as Lynne Krulick and Robbie Jo Kiser accepted the vehicle for the centers After School and Summer Day Camp programs.

Ramey James Ramey Sr Princeton Community Hospital Foundation Princeton Health & Fitness Center Mike Robinette Roger Gandee Lynne Krulick Robbie Jo Kiser

Inflation Eases as CPI Meets Expectations in July

The Consumer Price Index rose 0.2 percent in July, with the core rate up 0.2 percent as gasoline prices eased after June spikes. A separate report showed housing construction plunging in July, potentially prompting the Fed to keep rates unchanged as it weighs the impact of prior hikes. Officials and economists note inflation remains moderated as the central bank contemplates policy steps.

Labor Department Federal Reserve Fed Bruce Steinberg Merrill Lynch & Co New York

Heilig-Meyers Files Chapter 11 and Plans 302 Store Closures

BLUEFIELD Virginia based Heilig Meyers Co a furniture retailer with about 900 stores in 29 states filed for Chapter 11 bankruptcy protection in U S District Court in the Eastern District of Virginia The petition lists assets of 1 35 billion and liabilities of 868 million The AP says the plan includes closing 302 stores and laying off about 4400 workers Stores in West Virginia including Oceana Rainelle Weston Keyser Point Pleasant and Martinsburg will shut while Green Valley and Keystone stores stay open The company aims to cut overhead and focus on its most profitable outlets

Bluefield Richmond Virginia West Virginia Heilig-Meyers Co U.S. District Court Heilig-Meyers Anne Crowe Scott & Stringfellow Associated Press Donald S. Shaffer Oceana Rainelle Weston Keyser Point Pleasant Martinsburg

Stock prices mixed as Dow slips on retail selloff

New York AP reports stock prices were mixed on Wednesday as investors weighed modest inflation and cooling growth. The Dow fell 58.61 to 11008.39 while the S&P 500 declined 7.33 to 1477.10 and the Nasdaq rose 1.13 to 3852.79. Retail shares such as Home Depot and Walmart dragged the Dow as fears of slower consumer spending lingered amid Fed cooling policy. An economist notes slower growth could ease rate hike pressure.

New York Standard & Poor Home Depot Wal- Mart Federal Reserve Board Fed Richard Hoey Dreyfus Corp

BBT Insurance to acquire Martinsville agency Poindexter and Associates

BBT Insurance Services Inc. said it will expand Virginia operations by purchasing Martinsville based Poindexter and Associates Inc., with completion expected in September. The move follows BB&T’s prior announcement of buying Chaney, Thomas, Stephenson & Hill Inc. in Roanoke. BB&T Insurance Services operates 54 agencies across four states.

Bb&t Insurance Virginia Raleigh, N.C Bb&t Insurance Services Inc Martinsville Bb&t Roanoke

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