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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 30, 1997
Page
5
New York stocks ended mixed as the Dow Jones Industrial Average slid about 72 points to 7,622 after an intraday reversal from an 87-point decline. Tech and small-cap shares rose modestly lifting Nasdaq and the Russell 2000 to new closes while volume remained light ahead of the holiday weekend.
Fresh signs of a robust economy emerged as consumer spending jumped 0.8 percent in July, the fastest in six months, and new home sales rose 0.9 percent. The Commerce and PMI reports pointed to continued growth, but analysts warned the pace could fuel inflation and prompt rate hikes.
Acme Markets will open its remodeled Lebanon store with a 9 am Wednesday ribbon cutting. Lebanon officials and Acme executives will attend to welcome customers as Company President Bill Crowe touts stronger community presence and value for Lebanon shoppers.
Small Business Workshop at the 1997 Governors Conference on Tourism in Charleston Sept. 17 offers capital access basics of bookkeeping cash flow civil liability employment law. Open to the public for 10 dollars per person from 2 to 4 p.m. Pre-register via Joe Ciccarello at 304 558 2960.
PureTec Corp of Ridgefield New Jersey will open an eight million dollar plastics recycling plant in Huntington Industrial Center in the former Owens Illinois glass complex. The facility creates about 100 jobs and will qualify for state tax credits and training support. The Economic Development Authority approved five hundred thousand dollars for equipment.
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