Closing Prices December 24 1990
Quotations provided by Scott and Stringfellow Investment Corp members of the NYSE and IPC. Closing prices for securities listed, with market figures and market segments reflected for the date.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 25, 1990
Page
5
Quotations provided by Scott and Stringfellow Investment Corp members of the NYSE and IPC. Closing prices for securities listed, with market figures and market segments reflected for the date.
Walt Disney Co says its board approved an 8.5 million share stock incentive plan to be submitted to shareholders at the next meeting. The board also increased the number of common shares available for repurchase by 8.5 million to offset potential dilution from grants. Purchases may occur in open market or privately negotiated deals through brokers or dealers. Arco signs pact with Far East regions to explore and potentially develop hydrocarbons, seeking exclusive rights with Magadan and Chukotka regional councils for onshore and offshore oil work.
AT and T said the Justice Department finished its antitrust review of the cash tender offer for NCR Corp shares without seeking extra information. Under Hart Scott Rodino the agency had until midnight December 21 to review or request more data. AT and T announced a $90 per share cash tender for all NCR shares, expiring January 15.
The Virginia Beach report says Larasan Realty Corp faces license loss over mishandling 300000 dollars in client funds. The Commerce Department charged Lawrence Sancilio and relatives, naming escrow account shortfalls and misappropriations as grounds for a two month court-ordered control by receiver Richard Hudgins.
West Virginia Society of Certified Public Accountants notes that many tax planning options remain for 1990. IRA and 401(k) contributions reduce taxable income, with time limits and rules for minors, gifts, and education savings. Benefits and risks include child tax rules, AMT exposure, charitable deductions, and volunteer expense credits.
Washington AP reports affluent shoppers rush to beat a new federal luxury tax set to take effect January 1. High end car buyers like H A Sinclaire accelerate purchases to save thousands, while retailers see mixed gains as demand shifts to pricey furs jewelry and imported autos. Authorities project 1.5 billion in five years, with autos likely most affected.
DOMESTIC coal output fell to 21.3 million tons in the week ended December 15, down from 21.7 million the prior week. The Energy Information Administration data show 19.3 million tons for the same week last year with Wyoming leading at 3.9 million, Kentucky second at 3.47 million, and West Virginia third at 8.43 million.
The stock market edged lower in light holiday trade as investors followed bond market signals. The Dow Jones Industrial Average fell 12.97 to 2621.29 amid more declines than advances, with volume at 57.20 million shares.
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