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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jan 12, 2000
Page
5
Quoted by Ron Campbell Investment Planning Raymond James Financial Services provides closing price data for January 11 1999. Offers contact at 304 325 7334 as NASD SIPC member.
The Investment Company Institute reports operating expenses decline with larger mutual funds and that big funds have lower costs overall. Yet critics note some niche and managed funds charge higher fees for extra oversight.
The item presents a collage of leading media and tech brands. It highlights CNN as a world foremost news brand and mentions HBO as a premier premium TV network. It notes the global reach with services in multiple countries and references a leading e commerce platform and global music company.
New York stocks ended lower after an early rally as rising 30 year Treasury yields climbed to 6.67 percent. The Dow fell 61.12 to 11,511.08 and the Nasdaq dropped 128.48 to 3,921.19 amid renewed fears the Federal Reserve will push rates higher at the February meeting due to solid economy and profits.
The AOL Time Warner deal could bring 100x faster Net access to millions, with Time Warner's 13 million cable TV customers. Consumers worry reduced competition if AOL controls both services, potentially abandoning fights to force cable operators to lease high speed connections. AT&T may gain 25 percent stake via its MediaOne merger ties.
Asda Group PLC plans 14 new supermarkets and 6,000 jobs as Wal Mart expands in Britain. The move aims to squeeze rivals by broader product ranges and lower prices while strengthening presence. Analysts see the step as continuation of US retailer’s UK push.
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