Market closes at 3 month high on upbeat economy
The Dow Jones rises 36.14 to 2,622.28 as NYSE volume reaches 182.27 million shares. Broad gains lift indices with the NASDAQ up to 370.42 and S&P 500 at 330.19 while traders anticipate Fed support and a Friday producer price index report. Ford slips 1% to 26. Analysts note shallow pullback last week amid optimism for renewed vigor by mid-1991.
MENTIONED IN THIS ARTICLE
New York
Tors
Federal Reserve
Fed
Financial
Ford Motor
Wilshire Associates
NYSE
Standard & Poor
S&p
American Stock Exchange
Taxable auctioneers duties under West Virginia tax law
West Virginia requires auctioneers registered with the Department of Agriculture to collect sales tax on auctioneer services. When commissioned to sell for another, the service is taxable and must be taxed on fees and commission percentages regardless of the goods’ tax status. Auctioneers are responsible for collecting sales tax from clients and remitting it.
MENTIONED IN THIS ARTICLE
West Virginia
Department of Tax and Revenue
Department of Agriculture
Dow Jones Averages and Tax Rules Mentioned in Auction Notice
Final Dow Jones averages show daily highs and lows for components with open, high, low, and close values. A tax note outlines how sales tax applies to auctioned tangible property and defines isolated transactions for repeated sales.
MENTIONED IN THIS ARTICLE
New York
OPEC to maintain high oil output amid Gulf crisis
Indonesian Oil Minister Ginandjar Kartasasmita said OPEC members will sign a statement backing continued increased production to offset Persian Gulf losses. They will revert to late July output levels once the crisis ends, after August moves allowed higher pumps.
MENTIONED IN THIS ARTICLE
Vienna
Austria
OPEC
Ginandjar Kartasasmita
Organization of Petroleum Exporting Countries
Iraq
Kuwait
AT&T and MCI Reach Out of Court Settlement on Lawsuits
AT&T and MCI agreed to settle lawsuits alleging false advertising and customer poaching and proposed new federal standards to prevent consumer switches without consent. The two firms also settled a separate AT&T suit accusing MCI and its marketing agent of deceptive sales practices. Terms were not disclosed.
MENTIONED IN THIS ARTICLE
Washington (Ap
At&t
MCI
American Telephone & Telegraph Co
MCI Communications Corp
Wendesday
Freddie Mac tightens mortgage rules slow for buyers
Freddie Mac said it will phase out low documentation mortgages and adjustable rate loans with down payments under ten percent. The changes may make obtaining a mortgage harder for both first-time buyers and move-up buyers. Washington AP reports Freddie Mac, a major government-sponsored loan purchaser, announced the policy on Wednesday.
MENTIONED IN THIS ARTICLE
Washington
Federal Home Loan Mortgage Corp
Freddie Mac
CBS to Buy Back Up to 10.5 Million Shares at 190
CBS Inc. plans a tender offer to repurchase as many as 10,526,000 common shares at 190 each, totaling about 2 billion. The offer will start in days and expire January 21. Forest Oil sells 107 Webb County Texas wells to Conoco DuPont unit for about 39 million. Proceeds reduce revolving credit line to 38 million. facilities balance now 7 million. US housing completions fall 5.1 percent in October to a seasonally adjusted 1,256,000 annual rate. September completions up 0.8 percent to 1,324,000. year-over-year down 4.6 percent. Lowe's declares 13 cents per share quarterly dividend payable Jan 31, 1991 to record Jan 18, 1991. Consolidated Natural Gas raises quarterly dividend to 47 cents payable Feb 15, 1991 to record Jan 15, 1991.
MENTIONED IN THIS ARTICLE
Abbott Labs
Allegheny Power
Har Ameritech
At&t
Water Works
Sigate
Sieoo
Somo
Ae Bal Mone Gas & EL
Bee Bearings Inc
Bellsouth Corp
Qethlenem Steel
Sra Igabot Corp
Coca-Cola CO
Eae
Columbia Gas Sys
Sao
Walt Disney
Eon Res
Sase
O.ri
Sae
Dounon Exsis
Sre
CRS
Tey Gatig
Pet Tae Estemen
Wram
Sams
Waar
Eae Pert
Ethyl Corp
Seis
Poral Rae Eace
An Corp
Georgia Pacific
Aan TE CO
Scar
Weoowain Scorp
Monsanto CO
Mylan Labs
Incr Cone
Ssi
Noreouk
Ee A di Jone Valley Bank
SR Sone Terse
WC. Penney CO
Eno
Perens
Eraeue Ecoeree Ab Agai Philip Iphilip Morris
Potomac
Ae Reebok Rat
Reynolds Metals
Rite Aid Corp
Ae Pockwellints
Sara Lee
Zane Senna Roebuck
Serow
Solars
Sis
Uae
Sone Guvens
Southern Co
Westmoreland Westvaco Corp
SOS
Ae Xerox Corp
DOW Jones
CBS Inc
Forest Oil Corp
Webb County
Texas
Conoco, Inc
DuPont & Co
Forest
Counny
U.S
Consolidated Natural Gas
Also Mentioned on This Page
Scott & Stringfellow Investment Corp
SIPC
New York Stock Exchange
HiltonHt
PhilMor
Toysrus Amer T&t
CBS
Conoco
Commerce Department
Lowe's Companies
Car
Futomolyne
Chevrolet
GEO
Chrysler
Plymouth
Dodge - Subaru Azewell, VA
Indo Aubusson
Aubusson
Indo Heriz
SUGG
Emerald
Coie
West Main Street
Abindgon
Virginia
Abingdon
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