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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 28, 2003
Page
6
Stocks of local interest show notes on dividends, earnings, and recent corporate actions. The data highlights reverse stock splits, stock dividends, and 52 week performance with terms like rights and warrants. Market jargon indicates mutual fund assets used for distribution costs and share counts in hundreds.
The Tazewell Community Hospital Auxiliary pledges 25,000 for the wellness center with 5,000 yearly installments over five years. Hospital officials praise the donation as the largest from a group besides the town and hospital. A 3 cent cigarette tax proposal is under town consideration to fund ongoing operations, with a public hearing slated for October.
Stocks drifted to a narrowly mixed finish in light August trading as the Dow slipped 6.66 to 9333.79 while the Nasdaq rose 11.48 to 1782.13 and the S P 500 edged up to 996.79. Analysts noted quiet sessions, growth stock buying, and gains from ratings upgrades in Boston Scientific Coors Exxon Mobil and more.
Oklahoma prosecutors filed the first criminal charges against WorldCom and former CEO Bernard Ebbers in the 11 billion accounting scandal. Each executive faces 15 counts with up to 10 years and 10,000 dollars fine per count. Ebbers’ attorney vows exoneration as others already face federal charges.
EarthLink filed a federal suit against about 100 individuals, mostly based in Alabama and Canada, for sending over 250 million unsolicited e mails. The spam promoted herbal impotence cures mortgage loans and fake sites collecting user data and financial information. Damages for the Alabama ring are estimated around five million dollars as EarthLink seeks restitution and penalties.
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