Stockholders approve Bluefield Supply Co liquidation
UK based Bluefield Supply Co stockholders approve liquidation after four loss years and two failed merger offers. Board cites weak economy and dividend suspension. proceeds from asset sale to first pay debts, then bondholders and preferred stock. Initial per share payout of at least 8 dollars to be followed by further cash distributions. Litigation over surplus assets may be halted by ERISA injunction ruling next month.
MENTIONED IN THIS ARTICLE
Bluefield Supply Co
B.W. Harvey
C.I. Johnston Jr
Sion Plan
U.S
Elizabeth V. Hallanan
McDowell land gift earmarked for recreation
Pocahontas Land Co and Cannelton Coal Co donated a dam and several acres to McDowell County. The property will be developed into recreational facilities, per McDowell County Economic Development Authority president C B Rivers. The dam sits on Twin Branch Lake near Piease.
Satterfield Opens Lead at Daily Telegraph Area Golf
Todd Satterfield hit a sand shot from a bunker on the No. 10 par 3 during the opening round at Fincastle Country Club. The two time champion parred the hole to finish at 1 under 69 and lead by three strokes in the 17th annual Daily Telegraph Area Golf Championship.
MENTIONED IN THIS ARTICLE
Todd Satterfield
Fincastle Country Club
Satterfield
Story
Pleasant Friday Outlook With Sunny Skies Across Region
The Ac cu forecast calls for abundant sunshine and good weather. High near 77 degrees with clear skies tonight and a low around 62. Weather A-6
Coal operator to reopen two Keystone mines in West Virginia
Kenny Childers, owner of Lone Star Coal Corp., bought Eastern Associated Coal's Keystone mines and a preparation plant at Herndon. He aims to relaunch production within weeks, rehiring 130 to 140 workers, or else scrap the sites.
MENTIONED IN THIS ARTICLE
Eastern
Childers
Gasoline drop steadies July inflation. rate held
In July, steep gasoline price declines kept consumer prices level, signaling a cool inflation year but with signs of a rebound ahead. Food cost gains, higher medical prices, and pricier imports temper the overall decline, while economists warn of rising energy costs and dollar weakness.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Dorothea Otte
Postal workers return to job as probe continues
Shaken Edmond Oklahoma post office employees resumed work after a gunman killed 14 colleagues and himself. Police found magazines about mercenaries and life in the Soviet Union at the suspect's home. Five people remained hospitalized, and counselors offered around the clock help as families and the community sought coping support.
MENTIONED IN THIS ARTICLE
Edmond
Okla
Soviet Union
Ig Bees
Henry Sherrill
Postal Service
Barbara Haisley
Nursing home proposal advances in public need review
Bluefield Virginia hearing approves initial step for Westwood Associates plan to build a 120-bed long term health care facility in Westwood Medical Park. Most attendees back the project though Cumberland Care Center administrator Connie Tolley opposed it citing concerns.
MENTIONED IN THIS ARTICLE
Bluefield
Here
Southwest Virginia
Subarea Health Council
Westwood Associates
Westwood Medical Park
Town Hall
Connie Tolley
Also Mentioned on This Page
Pat Cecil
The
Daily Telegraph
McDowell
Elaine Thompson
Piease
Fred Brown
DOW Jones Close
New York Stock Exchange
Abby Cor
Pere
Eee
CCC
Coocerr
Er Crier
Reagan
Organization of Petroleum Exporting Countries
Pras
Ohio
United States
McDonald's
Santy Guard
Huberty
Austin
Texas
Charlies” Whitman
Joe Sturgis
Ron Blackwell
Sturgis
Nursing Home
Consumer
AM J J
U.S. Labor Department
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