Dow Jones closes above 1500 first time in history
The Dow Jones industrial average rose to 1511.70, the first close above 1500, as a broad rally pushed the market higher on a fifth busiest NYSE session. Volume hit 178.47 million shares while oil prices eased and rates fell aiding gains across banks, energy, and tech names including IBM, Digital Equipment, and RCA despite Texaco Pennzoil legal setback.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Dow Jones
New York Stock Exchange
Dow
NYSE
Texaco Inc
Houston
Texaco
Pennzoil Co
Getty Oil
Pennzoil
Exxon
Mobil
Atlantic
Pennzoil open to settlement after record Texaco verdict
Pennzoil says it is willing to discuss settling the $10.53 billion verdict against Texaco over the Getty Oil merger clash. Texaco seeks a new trial or appeal, while analysts warn that a large appeal bond could force reorganization, pushing both sides toward an out of court deal.
MENTIONED IN THIS ARTICLE
Houston
Pennzoil Co
Getty Oil Co
Texaco Inc
Texaco
Pennzoil
J. Hugh Liedtke
U.S
Liedtke
Solomon Casseb Jr
Pennzoil-Getty
Getty
David Boies
Boies
New York Stock Exchange
Delorean's ex-wife wins custody of two children
Cristina Ferrare Thomopoulos to gain custody of the couple's two children, a 14-year-old son and 8-year-old daughter, as Judge Michael Imbriani upholds the prenup protecting $10 million in DeLorean assets while ruling the former automaker's wife should have primary custody due to his extensive travel and ongoing legal issues.
MENTIONED IN THIS ARTICLE
Delorean
Somerville
N.J
John Z. DeLorean
Superior Court
Michael Imbriani
de Lorean
Cristina Ferrare Thomopoulos
Also Mentioned on This Page
AMR
Delta Air Lines
UAL
RCA
NBC
International Business Machines
Digital Equipment
Data General
U.S. Steel
Texas Oil & Gas
Chase Manhattan
Great Western Financial
J.P. Morgan
Morgan
Exchange
Standard & Poor
S&p
Eric Burnett
Bluefield Family Medicine
Double Gates
Bluefield, Virginia
Reg. Price
SEALY
Warlick Furniture
Discount Store
Raleigh St
Bluefield, W.va
Sale Lane
Mercer ST
Federal ST
Moran Ave
Princeton
Bluefield
Mullens
VISA
Mastercard
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