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Bluefield Daily Telegraph in Bluefield, West Virginia

06 Jul 2001

Page 5

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jul 06, 2001

Page

5

Stocks fall as profit warnings foretell

New York stocks dropped as Federated Department Stores and Marconi issued profit warnings signaling weak earnings ahead. Dow fell 91.25 to 10,479.86 while Nasdaq shed 60.69 to 2,080.11 and S&P 500 declined 15.21 to 1,219.24.

MENTIONED IN THIS ARTICLE

Nei Tenance Aaa Ansehen Sacha Coaeasa Casa Dow Industrials Dow Transportation Dow Utilities NYSE S&p Russell Wilshire Awe Hangworth Bethst Careside NyerMd Pfb GormRup GoldStd JoAnnst Iris Plas Marconi Alcatel MedAdv Regus WstpntStv Equidyne PowrCrvs Gerdau iShBraziln GricCm Copenet OhioArt Jacada Epcos Inetinfra NetNam TelLeste Carop F TrendMes BrasilTel ParmTc RoweCos KFX Inc Bookham GenElec Nabors Marconi N Lucent Emedstt Intel S Pfizer Semihti Oracles Cendant Devone Eric InTel EMC Cp Djia Diam Cornings GreyWolf At&t NY IBM NY AllgEngy NY Kmart NY AEP NY KeySpan NY AmWtt NY ArchCoal NY Kroger Ashland Lowell NY Merck NY Bb&tcp NY Microsft Nash Bpplc NY BakrHu NY Nashf Nash BellSouth NY NorflkSo NY Bethst NY PepsiCo NY CSX NY PhilMor NY CitzComm NY RJ Reyn RexStore NY CitzUt Pf NY RiteAid NY CocaCl NY Rockwis. NY ConstellEn NY DomRes NY SBC Com NY DowChm NY Sears NY SouthnCo S NY DuPont NY Duke Eggs NY TncoAut NY EkKodak NY TriContl NY EmisnEl NY Usxmar NY FMC NY Usxuss Fcmtbsh Nasd Unisys NY FtVaBk NY UPS GenElec NY Gapcgp NY US Airway NY UnisiCp NY Glaxoskin NY VerizonCm NY HCA Inc NY Herculs NY WalMart NY Humana NY Westvaco NY Intels Nash WmsCos NY Fidelity Invest Magella Vanguard Idx American Funds Icaa P Wsha P Groinc LC Gwtha P XC Contra Janus PIMCO N Pera P GL Eupaca P IL Amer Century Inv Ultra LG Windw GL Vanguard Wadsll Instldx SP BluCh LG Ant Invest Eq Inc el Wellin Rally Invest Puritn Putnam Funds Grina P American Funds Fdinva P XV Princp R LG Incoa P LG Putnam Funds A Voya P XV Vannard Amer Express A Nwd LG Fidel Lc DivGth EQU el Gnma MT AIM Funds Const P XG Frank/Temp Frnk Caltfa P Ss New York Federated Department Stores Advanced Micro Devices EMC Corp Wall Street Standard & Poor Federated Best Buy Home Depot Ackerman Dow Jones Standard
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Jobless claims rise as labor market and economy struggle

Washington AP reports seasonally adjusted new unemployment claims rose by 7,000 to 399,000 for the week ending June 30, signaling a sluggish economy. Dow fell 91.25 points as Federated and Marconi warned of weak profits. Challenger firm data show 124,852 June layoffs, with 777,362 layoffs in H1. Federal Reserve cut rates six times this year.

MENTIONED IN THIS ARTICLE

Alcatel JDS Marconi Jon Brorson Northern Trust Chicago WorldCom Brazil Advanced Micro Devices AMD Intel EMC Thomson Thomson Financial First Call Wall Street Dow Honeywell Lawrence A. Bassidy General Electric SEC Communications Alcoa Labor Department Washington Clifford Waldman Federated Department Stores British Telecom Dow Jones Ken Mayland ClearView Economics U.S Challenger, Gray & Christmas Inc Telecommunica Federal Reserve
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Government reviews half price home program abuse findings

Washington reports that HUD inspectors flagged wide spread abuses in a program allowing over 3800 police officers and teachers to buy homes at half price in low income areas. A sample audit showed about 20 percent of buyers in four cities violated program rules, with up to a quarter nationwide potentially breaking residency or related requirements.

MENTIONED IN THIS ARTICLE

Washington Department of Housing and Urban Development Inspector General
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West Virginia to host three economic talks with Japanese firms

U S Sen Jay Rockefeller said West Virginia will host three reverse trade mission conferences with Japanese firms later this year. The aerospace event runs Sept 25 28 for suppliers in the Eastern Panhandle and north central region. Nov 11 13 covers auto parts manufacturers. an October date is planned for Nagoya central seaport representatives. The events, hosted with Gov Wise, aim to deepen Japanese investment, with Rockefeller noting the Toyota Putnam County plant as a long term example.

MENTIONED IN THIS ARTICLE

Charleston West Virginia U.S Jay Rockefeller Rockefeller Nagoya Rockefeller’s Bob Wise Panhandle Greenbrier DW Va Japan Asia Toyota Putnam County
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