Wall Street slides as Fed minutes fail to calm markets
Wall Street fell sharply as Fed minutes from August 7 did not signal a rate cut, leaving investors uneasy about the economy and potential credit-market spillovers. The Dow dropped about 280 points to 13,041.85, with traders citing ongoing housing weakness and consumer confidence lag.
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U.S
First Community Bancshares declares 27 cent Q3 dividend
First Community Bancshares Inc announced a 0.27 per share third quarter cash dividend, up 3.8 percent from 0.26 last year. Record date is Sept 14, 2007 with payment around Sept 28, 2007. The annualized yield is about 3.4 percent and the company marks its 16th consecutive year of dividend increases.
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Bob” Mathen
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