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Bluefield Daily Telegraph in Bluefield, West Virginia

10 Dec 1996

Page 5

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Bluefield Daily Telegraph December 10, 1996 Page 5 old newspaper archives

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Dec 10, 1996

Page

5

Stocks Rally After Greenspan Caution Sparks Tech Rebound

Technology shares led a broad market rebound on Monday as investors priced in Greenspan's wary stance on market exuberance. The Dow rose 82 points to 6463.94, aided by a 28.59 point Nasdaq uptick to 1316.27 and a S&P gain of 10.13 to 749.73, with NYSE volume at 381.57 million.

MENTIONED IN THIS ARTICLE

Ron Campbell AM. Family Corp Ameritech At&t Corp 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 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 Yo 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 Potomac Elec PWR Praxair, Inc Pulask! 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 TRI Continental Union Carbide Union Pacific Unisys Corp Universal Corp Usair Group USX Marathon Oil U.S. Steel Wal-Mart Walt Disney CO Wendy's Int'l Westinghouse EL Westmoreland Coal Westvaco Corp Xerox Corp DOW Jones NEW York Alan Greenspan New York Stock Exchange NYSE Standard & Poor Greenspan Federal Reserve Wall Street U.S
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Norfolk Southern CSX Conrail merger fight grows in East

CSX and Conrail sue Norfolk Southern for interfering with their friendly merger plan. Norfolk Southern says it never aimed to acquire Conrail, only to block a strategic alliance. A potential CSX or Norfolk Southern Conrail merger would create the third largest freight line with access to New York and an extensive eastern network.

MENTIONED IN THIS ARTICLE

Norfolk Southern Corp CSX Corp Virginia Conrail Inc CSX Conrail Norfolk Southern New York United States Canada Renee Johansen Wheat First Butcher Singer Richmond Cornelius Sewell Argus Research Sewell Ms. Johansen Virginia Transportation Robert E. Martinez
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Rail mergers and bids headline Conrail fight

A race among CSX Norfolk Southern and Conrail dominates industry news as CSX seeks to buy Conrail for about 10 billion while Norfolk Southern counters with a higher cash offer. Federal reviews begin next year with regulatory approval likely a year long.

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Tamarack to Require Subsidies Says Lawmaker

West Virginia craft center Tamarack will not pay for itself, with Senate Finance Chair Osher Craige predicting annual subsidies of about 1 million dollars. A legislative audit shows a 122,960 loss since May and 139,000 in warehouse losses since December 1994, despite 3 million in six months sales.

MENTIONED IN THIS ARTICLE

Charleston West Virginia Turnpike Tamarack Senate Osher Craige Interstates Craige Putnam County Billy Gavan West Virginia Parkways Authority West Virginia Gavan
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Domestic coal production declines week of Thanksgiving

The Department of Energy reports domestic coal output fell 14 percent to 18.7 million tons in the week ended November 30 from 21.7 million the prior week, with about 20.6 million tons produced in the same week last year. Wyoming led with 5.4 million tons, followed by West Virginia at 2.9 million and Kentucky at 2.4 million.

MENTIONED IN THIS ARTICLE

Norfolk Southern Corp CSX Corp Conrail Inc Norfolk Southern Railway Co North American van Lines Inc Pocahontas Land Corp Norfolk and Western Railway Southern Railway Norfolk, Va Southeast Midwest Ontario Canada North American United States Pocahontas Land Alabama Illinois Kentucky Tennessee Virginia West Virginia Charleston Department of Energy Wyoming
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Also Mentioned on This Page

Sonja Barisic Associated Press The Tions Seaboard Coast Line Industries Chessie Systems Inc Baltimore & Ohio Railroad North America CSX System Canadian Northeast Congress Penn Central Philadelphia District of Columbia Canadian Province of Quebec Norfolk Seaboard Coastline Industries Ers Rob Chapman Tom Hoppin Pennsylvania Dalwoo USA Anderson’s Equipment Rental & Sales Beckley Rd Princeton Dare Anyualle Directv Total Choice He Field Mercer McDowell Raleigh Tazewell Bland Turner Vision P.O. Box Southview Mail Bluefield
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