Wall Street closes with gains amid record high noted
A stock market summary records a high of 11,722.98 on January 14, 2000, with closing figures at 10,476.73 and 10,220.14. The data highlights a record high set earlier in the day and provides the two closing numbers for the session.
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Roanoke firm opens summer internship for young inventors
Roanoke based Egg Factory launches a seven week internship inviting 16 students from Virginia Tech University of Virginia and Roanoke College to generate market ready inventions. Groups include engineering liberal arts and business students plus high school seniors.
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Roanoke
Ron Blum
Egg Factory
Bill Phelps
Phelps
Virginia Tech
University of Virginia
Roanoke College
Brad Blum
Lawmakers weigh accounting fraud probe amid SEC crackdowns
WASHINGTON AP Lawmakers may probe accounting fraud by large firms as the SEC widens investigations beyond 200 companies. Rep Richard Baker plans to question acting SEC head Laura Unger about the issue at a later hearing, with further hearings possible. SEC Enforcement Director Richard Walker notes 240 to 260 investigations, including about 15 major corporations, marking a shift from small firms to Fortune 500 cases.
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Washington
Securities and Exchange Commission
Richard Baker
R-La
House Financial Services
Capital Markets
SEC
Laura Unger
Baker
Michael
DiResto
Unger
Wall Street
John LaFalce
New York
Financial Services Committee
Richard Walker
Walker
Wall Street Journal
Unemployment Rises as June Loses Hit Most Since Recession
The unemployment rate climbs to 4.5 percent with 114000 jobs cut in June. Manufacturing leads losses for the 11th straight month while the service sector adds only 5000 jobs. Wall Street declines amid weaker outlooks but some forecasters predict a rebound later in the year aided by tax rebates and rate cuts.
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Washington
Labor Department
Bush
Congress
Federal Reserve
Labor
Elaine Chao
Richard Berner
Morgan Stanley
New York
Berner
Wall Street
Dow Jones
Chris Varvares
Macroeconomic Advisers
St. Louis
Varvares
Privacy rules guide clarifies patient record access
A new federal privacy guideline clarifies who may access patient records and how. It reiterates patients’ rights to see their files, control disclosure, and protect against misuse, with penalties including fines or jail for violations.
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U.S
Washington
Bush
Clinton
Bill Pierce
Health and Human Services Department
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