Wall Street ends week with indecisive gains amid Asian troubles
Wall Street closed a volatile week with the Dow up slightly and the index fluctuating as much as 55 points, while tech shares led losses on fears of spreading Asian flu. Bond yields fell to levels not seen since Oct 93 as investors moved into bonds. Non technology stocks rose after the Labor Department reported producer prices fell 0.2 percent in November, easing inflation worries and fueling concerns about future profit margins amid wage pressures and renewed Asian competition.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Asia
Washington
U.S
Labor Department
Robert Dederick
Northern Trust Co
Chicago
Treasury
Federal Reserve
Fed
Producer prices drop for eighth time this year
Prices paid by wholesalers fell 0.2 percent in November, marking the eighth decline this year. The broad drop touched finished goods including autos, electronics, and food, while crude and intermediate costs rose in earlier stages, signaling a moderating but uncertain inflation path ahead.
MENTIONED IN THIS ARTICLE
Bruce Steinberg
Merrill Lynch
Commerce Department
Future bright for slag piles in Pittsburgh area
In Pittsburgh, aging slag heaps once painted by locals are being repurposed into malls, golf courses, and potential housing. The material, a byproduct of steelmaking, could power new industries turning slag into shingles, circuit components, and even toothbrush handles, as developers plan 1,000 luxury homes on 200 million tons of slag near Nine Mile Run.
MENTIONED IN THIS ARTICLE
Pittsburgh
Nancy Lackner
Mrs. Lackner
Steel City
Century III
Quicksilver
Three Rivers Stadium
Nine Mile Run
Also Mentioned on This Page
Ron Campbell
AFLAC
Ameritech
At&t Corp
AM. Water Works
Anheuser-Busch
Apple Computer
IND. Tech
Ashland Coal Inc
Ashland Oil Inc
Atlantic Richfield
Baker-Hughes Inc
Baltimore Gas & EL
Bell Atlantic
Bellsouth Corp
Bethlehem Steel
Boeing CO
CBS Corp
Cabot Oil & Gas
Carolina Power
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
1ST
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
Intel Corporation
K-Mart Corp
Kroger CO
Lowe's CO
Lucent Technologies
Mapco Inc
McDonald's Corp
MCI Communications
Merck & CO. Inc
Microsoft Corp
Mobil Corp
Monsanto CO
Mylan Labs, Inc
Nash Finch CO
Nationsbank Corp
Navistar Int'l
Nike, Inc
Norfolk Southern
Occidental Pete
ONE Valley Bank
J.C. Penney CO
Pennzoil CO
Pepsico Inc
Phila. Electric
Philip Morris Cos
Phillips Petroleum
Pittston Brinks
Pittston Burlington
Pittston Minerals
Potomac Elec
PWR
Praxair, Inc
Reynolds Metals
Rite Aid Corp
RJR Nabisco Hldg
Rockwell Int'l
Sara Lee Corp
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 Nnt'l
Westvaco Corp
Valley Nat'l Gases
Xerox Corp
Sully
Wey
Ramey
Hilreeniee
Bo Hatt
WNT Ae RU Ag
Lane
Sweet Heart Chests
Warlick Furniture
RaLeigh St
Bluefield, WV
Bluefield
Bluefield Regional Medical Center
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