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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 15, 1998
Page
5
Warm weather pulled shoppers into malls and stores over the weekend as holiday discounts lured buyers. Analysts note the upbeat mood may fade without more cold snaps and sustained spending, with clothing and electronics selling as crowds flock to major outlets nationwide.
On page 31 of the December 13 sale circular the Little Mermaid Video was shown by error. The image should feature the Little Mermaid Cassette Player with headphones an audio cassette and two books. We apologize for the inconvenience to customers.
New York AP. Earnings disappointments and weakening technology shares pushed stocks sharply lower Monday extending the market’s week long drop to nearly 400 points. Dow fell 126.16 to 8695.60 with Nasdaq also down as investors seek a needed correction amid steady gains and ongoing disappointing earnings reports.
Mattel Inc. announced it would buy The Learning Company Inc. for 3.8 billion dollars, expanding beyond toys into high tech interactive play. The move aims to grow its software and entertainment offerings despite expected earnings resting 25 percent below analyst forecasts due toInventory reductions by major retailers like Toys R Us. Darren Barker of Wedbush Morgan Securities notes the shift toward tech-based play.
Local officials at Southwest Virginia Community College and Wytheville Community College back Governor Gilmore’s 20 percent tuition and fee cut for Virginia residents, provided state funding replaces the lost revenue. The plan would lower average public college costs while keeping out-of-state rates unchanged. SVCC and WCC warn that full funding replacement is essential for viability.
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