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Bluefield Daily Telegraph in Bluefield, West Virginia

29 Aug 1995

Page 5

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Bluefield Daily Telegraph August 29, 1995 Page 5 old newspaper archives

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Aug 29, 1995

Page

5

Stocks Slip Amid Mixed U S Market Action

The stock market faced selling despite a strong banking sector helped by news of Chase Manhattan and Chemical Banking planning a merger. The Dow fell 7.40 to 4594.00 while Nasdaq slid 11.82 to 1008.15 and S P 500 declined 1.05 to 559.05 as trading eased and volumes sagged ahead of the Labor Day holiday.

MENTIONED IN THIS ARTICLE

Ron Campbell AM. Family Corp Ameritech At&t Corp AM. Water Works Anheuser-Busch Apple Computer Ashland Coal Inc Ashland Oil Inc Atlantic Richfield Baker-Hughes Inc Baltimore Gas & EL Bearings Inc Bell Atlantic Bellsouth Corp Bethlehem Steel Boeing CO Cabot Oil & Gas Carolina Power Chevron Corp Chrysler Corp Chubb Corp Citizens Utilities Coca-Cola CO Columbia Gas Sys Columbia Healthcare CON Nat'l Gas Corning Inc Crestar Financial CSX Corp Detroit Edison Dominion Res DOW Chemical Dupont Eastern Ent Eastman Kodak Emerson Electric Ethyl Corp Exxon Corp First Union Corp Virginia Bank Flowers Industries FMC Corp Food Lion Inc Ford Motor CO GEN. Electric CO GEN. Motors Corp GTE Corp Georgia Pacific Gillette CO Glaxo Holdings Goodyear Tire Hercules Inc Humana Corp IBM Corp Ingersoll Rand K-Mart Corp Kroger CO Lowe's CO Mapco Inc McDonald's Corp MCI Communications Merck & CO. Inc Mobil Corp Monsanto CO Mylan Labs Nash Finch CO Nationsbank Corp Navistar Int'l Nike, Inc Norfolk Southern Occidental Pete ONE Valley Bank Pacific Telesis J.C. Penney CO Pennzoil CO Pepsico Inc Phila, Electric Philip Morris Cos Phillips Petroleum Pittston Minerals Pittston Services Potomac Elec PWR Praxair, Inc Premier Bankshares Pulaski Furniture Reebok Int'l REX Stores Corp Reynolds Metals Rite Aid Corp RJR Nabisco Hldg Rockwell Int'l Sara Lee Corp Sears Roebuck Sherwin Williams Shoney’s Inc Signet Banking Southern CO Tenneco Inc Texaco Inc Union Carbide Union Pacific Unisys Corp Universal Corp Usair Group Usx-Marathon Oil USX U.S. Steel Wal-Mart Walt Disney CO Wendy's Int'l Westinghouse EL Westmoreland Coal Westvaco Corp Xerox Corp New York Chase Manhattan and Chemical Banking New York Stock Exchange Standard & Poor American Stock Exchange Wall Street U.S Ned Riley Bank of Boston Investment
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Largest U S bank deal creates new giant via Chemical Chase merger

New York AP reports Chase Manhattan Corp and Chemical Bank combine in a $10 billion stock swap to form the nation s largest bank with about 25 million customers. Assets rise to $297 billion, ranking No 1 in several businesses, with about 12 000 jobs cut and 100 branch closures in the New York area.

MENTIONED IN THIS ARTICLE

New York Chase Manhattan Corp Chemical Banking Corp Citicorp U.S Chase Manhattan Rockefeller Walter Shipley Chemical A Chemical Banking Corp Chase and Chemical New Chase Manhattan Corp
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Merger onslaught lifts regulators to higher gear

Washington AP reports a surge in corporate mergers this year pushing the Justice Department and FTC to the limit. Major deals include IBM-Lotus, Disney-Capital Cities ABC, Glaxo-Wellcome, and Chemical Bank-Chase Manhattan valued at 10 billion dollars.

MENTIONED IN THIS ARTICLE

Thomas G. Labrecque Chase Chase and Chemical Shipley Charles Vincent PNC Securities Corp Pittsburgh Washington Chase Manhattan Bank Larry Fullerton Department of Justice Federal Trade Commission IBM Corp Lotus Development Corp Walt Disney Co Capital Cities ABC Inc Glaxo PLC Wellcome PLC New York Chemical Banking Corp Chase Manhattan Corp At&t Corp McCaw Cellular Justice Department Anne K. Bingaman Antitrust At&t-Mccaw Congress Justice Bingaman Steven Sunshine Sunshine Shearman and Sterling Fullerton
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Bluefield Sales Executives Club Plans New Year Start

The Bluefield Sales Executives Club will begin a new year with a Sept. 7 meeting at the Bluefield Country Club. Cocktails at 6:15, dinner at 7, presentation at 8 by Dr. Johnny Miller noted for team building and motivational speaking.

MENTIONED IN THIS ARTICLE

Bluefield Bluefield Country Club Johnny Miller Miller
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Also Mentioned on This Page

U.S. Chemical and Chase Chase Manhattan Corp. Bank National City Corp Cleveland Integra Financial Corp Chemical Banking Co First Union First Fidelity Home First Ay 10 Corp NBC Bancorp. Inc BankAmerica Corp Security Pacific Ncnb Corp C&s Sovran Corp Source Keefe, Bruyette & Woods Inc Teresa Cutlip Daily Telegraph IBM At&t United States Brazil China Europe Bluefield Sales Executives Club Clara Fife Bill Evans Hall OF Fame Dads Fueo Youth Sports Hall OF Fame the Daily Telegraph Classified Dept P.O Princeton Pearlsburg Richlands Tazewell Grundy the Daily Telegraph Arts Hal
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