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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 22, 1992
Page
5
The dollar firmed against major currencies in European trading with the pound at 1.5640 dollars and the yen around 123.15 in Tokyo. Gold fell to 333.75 dollars per ounce in London and 337.03 in Hong Kong, while other rates shifted modestly from Friday's closes.
Time Warner Inc loses chairman Steven J. Ross to cancer, triggering a board shrinkage from 21 to 12 and elevating co chief executive Gerald Levin to sole CEO. The media and entertainment behemoth faces debt reduction and strengthened foreign alliances as divisions run under capable executives amid leadership change.
Livestock sale at Farmers Livestock Market in Tazewell Va on December 17 shows price ranges for cattle including cutters utility and heavy butcher bulls, steers by weight, bulls, heifers and breeding stock. Baby calves lambs slaughter ewes goats and swine prices listed. A horse sale is planned for December 23 at 7 p.m. with closures on Christmas Eve and New Year’s Eve. Next regular sale January 7 at 6 p.m.. first horse sale January 6 at 7 p.m.
New York stocks edged lower in a light session led by continued weakness in IBM. The Dow Jones industrial average slipped 0.81 to 3,312.46 as decliners outpaced gainers about 9 to 8 with IBM down about 2.5 points and volume at 224.68 million shares. Analysts call the move a natural pullback after Friday’s gain tied to futures and options expiration.
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