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Bluefield Daily Telegraph in Bluefield, West Virginia

27 Jan 2000

Page 5

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Bluefield Daily Telegraph January 27, 2000 Page 5 old newspaper archives

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jan 27, 2000

Page

5

Stocks Close Mostly Lower Amid Tech Selloff

New York AP reports stocks closed mostly lower as investors fearing a rate hike fled technology shares. Nasdaq dropped 97.50 to 4069.91 while Dow gained 3.10 to 11032.99 and S&P fell 5.94 to 1404.09. Qualcomm slid 14 percent after warning on quarterly sales. EMC slipped despite quarterly earnings.

MENTIONED IN THIS ARTICLE

Ron Campbell Raymond James Financial Services NASD/SIPC SECURITY Abbott Labs Allegheny Electric AFLAC SBC Communications At&t Corp AM. Water Works Anheuser-Busch Apple Computer IND. Tech Ashland Coal Inc Ashland Oil Inc Atlantic Richfield Baker-Hughes Inc Baltimore Gas & EL Bankamerica Bell Atlantic Bellsouth Corp Bethlehem Steel Boeing CO CBS Corp Cabot Oil & Gas Carolina Power Chevron Corp Chubb Corp Citizens Utilities Coca-Cola CO Columbia Gas Sys Columbia Healthcare CON Nat'l Gas Corning Inc Suntrust Banks CSX Corp CVS Corp Daimlerchrysler AG Detroit Edison Dominion Res DOW Chemical Dupont Eastern Ent Eastman Kodak Emerson Electric Ethyl Corp Exxon Mobil First Union Corp 1St Virginia Bank Flowers Industries FMC Corp Delhaize America Inc GTE Georgia Pacific Gillette GLAXO Goodyear Tire Hercules Inc Humana Corp Intel Corporation K-Mart Corp Kroger CO Lowe's Cos Lucent Technologies McDonald's Corp Merck & CO. Inc Microsoft Corp UPS Monsanto CO Mylan Labs, Inc Nash Finch CO Navistar Int'l Nike, Inc Norfolk Southern Occidental Pete ONE Valley Bank J.C. Penney CO Pennzoil CO Pepsico Inc Phila. Electric Philip Morris Cos Phillips Petroleum Pittston Brinks Potomac Elec PWR Praxair, Inc Pulaski Furniture Reebok Int'l REX Stores Corp Reynolds Metals Rite Aid Corp RJ Reynolds Rockwell Int'l Sara Lee Corp Sears Roebuck Sherwin Williams Shoney's Inc Southern CO Tenneco Inc Texaco Inc TRI Continental Union Carbide Union Pacific Unisys Corp Universal Corp Usair Group USX Marathon Oil U.S. Steel Wal-Mart Walt Disney CO Wendy's Int'l Westvaco Corp Williams Cos Valley Nat'l Gases Xerox Corp DOW Jones New York Standard & Poor Ricky Harrington Wachovia Securities Charlotte N.C Qualcomm EMC Corp
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Japan Trade Surplus Yearly Change Seen On Rise

Japan reports year on year changes in its trade surplus with exports and imports showing shifts in demand and supply. Analysts note movements in key sectors, including electronics and autos, reflecting global demand and currency effects. Authorities monitor trends for policy implications and future outlook.

MENTIONED IN THIS ARTICLE

Japan
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Norfolk Southern profits fall amid Conrail integration

Norfolk Southern reported a fourth quarter earnings drop of 81 percent to 31 million dollars or 8 cents a share, hit by congestion and loss of business from Conrail line acquisitions. Revenues rose to 1.47 billion. The company announced a voluntary early retirement program for about 1180 non union employees as part of cost containment.

MENTIONED IN THIS ARTICLE

Norfolk, Va Norfolk Southern Corp Conrail Lines Frank Brown Norfolk Southern First Call Thomson Financial Jill Evans J.P Morgan New York Ms. Evans Robert L. Banks R.L. Banks & Associates Inc Washington D.C Banks New York Stock Exchange Norfolk Southern Railway Mississippi River Conrail CSX West Virginia
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Greenspan pledges to control inflation in fourth term

Washington AP Alan Greenspan nominated for a fourth term as Fed chair pledges to keep inflation low and stable while praising productivity gains from technological innovation. He offers no hints on rate moves and emphasizes the Fed’s role in sustaining expansion, as Wall Street reacts to his testimony amid market volatility.

MENTIONED IN THIS ARTICLE

Washington Alan Greenspan Federal Reserve Congress Central Bank Greenspan Senate Banking Committee Fed U.S Clinton
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Coca-Cola to Eliminate Six Thousand Jobs Worldwide

Coca-Cola plans to cut 6,000 positions in a major restructuring. The 2,500 at Atlanta headquarters, 2,700 overseas, and 800 in the U.S. aim to save 300 million dollars. The move doubles earlier estimates and follows a six month review led by CEO designate Douglas Daft.

MENTIONED IN THIS ARTICLE

Atlanta Coca-Cola United States Coke Douglas Daft Daft M. Douglas Ivester
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Also Mentioned on This Page

Ndjfmamjjasond Ministry of Finance Thomas L. Conklin D.D.S Mary Kay Doersch Dr. Conklin Dr. Doersch Y. Chand M.D. Bluefield Orthopedics P.C W. Cumberland Road Bluefield APY First Virginia Virginia Cedar Blutt Claypool Hil Four Way Main Street Pocahontas Richlands Richlands Tazewell First FDIC
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