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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jan 08, 2003
Page
11
Summary of the day’s most active listings on NYSE Nasdaq and Amex with data on price, change, dividends, NAV values, 52 week ranges, and notes on issuers. Highlights include fund names, holdings, and new issues, reflecting daily market movements as reported by The Associated Press.
Stocks barely moved as investors booked profits after a three day rally while weighing President Bushs tax cut plan to eliminate taxes on dividends and accelerate cuts. Dow fell 32.98 points to 8740.59 while Nasdaq rose 0.7 percent to 1431.57 and S&P 500 slipped 0.7 percent to 922.93. Manufacturing orders fell 0.8 percent in November, bigger than expected, tempering optimism about the boost from tax cuts.
From left Charlotte Flanagan and Mary Angel present a check for 11500 to Bonnie Allan and John H. Chapman to fund the Cradle Role program at PCH. The program offers educational materials for expectant and out patient parents and promotes awareness of pre term labor and premature births avoidance.
The U S Postal Service posted a $1 billion profit in the first quarter of the fiscal year, beating expectations by $200 million as revenue reached $16.1 billion for Sept 7 to Nov 29. Cost cuts and staff reductions trimmed expenses by $500 million, while mail volume rose, driven by election mail and holiday activity. Richard J Strasser Jr, CFO, noted 49.3 billion pieces delivered, with First Class volumes down and Standard advertising mail up.
Two environmental groups Bluewater Network and Environmental Defense filed a suit in the DC Circuit seeking stronger EPA standards for snowmobiles and other off road vehicles. They urge tighter phased reductions through 2012, arguing two stroke snowmobiles and some ATVs remain insufficiently regulated and noise concerns are unaddressed.
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