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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jul 13, 2000
Page
5
Closing stock and bond quotations shown for July 12 2000 provided by Ron Campbell Investment Planning Raymond James Financial Services NASD SIPC contact (304) 325-7334.
BB&T Corp reports second quarter net income of 172.7 million, up 2.9 percent from a year ago. Excluding 21 million in nonrecurring merger costs, earnings rise to 193.7 million or 54 cents per share. Six month figure 379.3 million, or 1.05 per share, after-tax merger charges of 40.8 million. The bank notes loan portfolio growth and no deterioration in loan quality. Acquisition activity included Hardwick Holding Co. and First Banking Co. of Southeast Georgia plus One Valley Bancorp.
New York AP reports stocks rose on better than expected Yahoo! quarterly results boosting the tech sector. Dow up 56.57 to 10,783.76, Nasdaq up 143.17 to 4,099.59, S&P 500 up 12.04 to 1,492.92 as investors look past rate fears toward second quarter gains. CMGI and eBay also rose with Yahoo! shares up sharply.
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