Dow Jones closes at 36th record of year on gains
Dow Jones Industrial Average ends at 1553.10, up 17.89 to mark the 36th record close this year as investors bet on lower interest rates. Utilities and transportation indexes hit records, NYSE volume around 176 million shares, S and P indices rise amid optimism on Fed easing.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Dow
New York Stock Exchange
Federal Reserve Board
Larry Wachtel
Prudential Bache Securities
Michael Metz
Oppenheimer & Co Inc
Standard & Poor
S&p
James River to acquire majority Crown Zellerbach stock
James River Corp plans to spend about 750 million in stock to gain majority ownership of Crown Zellerbach Corp s paper business amid a three way deal that would spin off Crown s forest products and cardboard units into three new companies controlled by Sir James Goldsmith who would also receive about 90 million in cash. A stock broker notes the move fits James River growth strategy and highlights Goldsmith s continuing control of Crown assets.
MENTIONED IN THIS ARTICLE
Richmond
James River Corp
Crown Zellerbach Corp
James River
Michael L. Mead
Scott and Stringfellow Inc
James Goldsmith
Crown
Steve Garnett
Crown Zellerbach
Goldsmith
Zellerbach
Garnett
General Oriental Securities
Mead
Banks appoint two officers in Princeton firm moves
John W. Burdiss is named credit administrator for First Community Bancshares. A Mullens native and WVU finance graduate, he previously led Heritage Bancorp as director and executive vice president. J Quintin Mullins becomes assistant vice president and trust operations officer at First Community Bank after roles in internal auditing and controller work.
MENTIONED IN THIS ARTICLE
Princeton
First Community Bank
First Community Bancshares, Inc
John W. Burdiss
First Community Bancshares
Burdiss
Heritage Bancorp, Inc
Weston National Bank
Kanawha Union Bank
Glenville
Mullens
West Virginia University
Southwestern School of Banking
Southern Methodist University
Dallas
Tex
J. Quintin Mullins
Mullins
Cautionary Look At Deceptive TV and Appliance Ads
The piece condemns bait and switch tactics used by TV and appliance dealers. It argues price promises often mislead consumers and warns that the true bargain may be a sales ploy steering buyers to more profitable or inferior models.
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Kmart
KaisrAl
Kopers
Kroger
Lockhol
AllisCh
A Lukens
Alcoa
Mgmgr
Acyan
Ar Martm
Amrtd
NYNEX
Bethstl
Ey BorgWa
duPont
ReyMdl
DugLt
Royld
EsKod
Scottp
Exxon
Sears
Singer
Gensco
UAL i
US Steel
William
IBM
Wheat First Securities Inc
Acton
Crane
Hosp Corp
Humana
Natl Mn Sve
Amer el Pwr
Duke Power
Ingersoll
Newmat
Mng
Sthrn Co
Eastern
G&f
Inexco
Nfk
Sou Roy
Amer Family
Eaton
Maris
Ashland Oil
Am Coal
Spectra Phy
Avon
Emis el
Jim Walter
Ohio Edison
Atlas Corp
Ethyl
J&j
Occidental
Syntex
Bakr Intl
Firestone
Kaneb
Taft
Balt G&e
Kirby
Hanna Min
Media
Quak Sto
WN CO NA Itz
Coca Cola
Hecks
Marion Lbs
Revlon
Wstra UN
Col Gas
Heily-Myrs
Mesa Petrl
Aynids Inds
Westaghse
Combing
Hercules
Mesa Roys
Robins AH
Whittaker
Dow Jones
Banks
Wheat First Securities, Inc
American Furniture Oy
Apple Computer Atlantic Research
Bassett Furniture
Bluefield Supply
Burke Parsons Cadmus Communications
Coherent
Dibrell
Warlick Furniture the Discount Store
Raleigh St
Bluefield, W.va
SONY
Zenith
Quasar
Whirlpool
Pioneer Panasonic
DRAKE
ZENIT
Brand
Nbte Seekce Center
Bluewell
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