Dow Drops 110 Points as Asian Woes Weigh Markets
The Dow Jones Industrial Average fell about 110 points on Thursday amid ongoing Asian economic weakness and worries about the Korean election. Analysts cited weak earnings forecasts and troubling signals from foreign markets continuing the prior session’s decline.
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Tazewell council member reported missing then hospitalized
Tazewell Town Council member Donnie Walk 39 was reported missing, found unconscious in his 1996 Ford Ranger near Drytown, and transported to Tazewell Community Hospital in critical condition. Authorities see no foul play though the case remains under investigation. Walk co manages Jackson Drug Co and had supported a power line vote.
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Mercer County Court Clears Clark In Crack Case And Old Wounds
A Mercer County jury found Robert Lee Clark not guilty of delivering crack cocaine in a Princeton buy operation. David Bowers, from Narrows Virginia, denied probation and sentenced to two to ten years for marijuana delivery. Juries found Albert Eric Ross guilty on third offense shoplifting at Mercer Mall JC Penney. John Horbert Dickerson and Rhonda Kay Dickerson were convicted of battery and unlawful wounding respectively with sentencing dates set for January next year.
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Deficit narrows as exports hit record high in October
The Commerce Department reports the U S October deficit fell 13.7 percent to 9.7 billion while exports rose to an all time 80 billion dollars. Imports also reached a record 89.7 billion led by higher oil costs. Asian financial crisis clouds growth concerns.
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