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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 06, 2000
Page
5
Closing prices and quotations provided by Ron Campbell Investment Planning Raymond James Financial Services. Contact information includes (304) 325-7334. Member NASD SIPC.
The U S Department of Energy reports 22.2 million short tons produced in the week ending May 27 with 11.0 million from west of the Mississippi and 11.2 million from eastern mines. WV figures show a 5.0 percent year over year gain in the north, while southern West Virginia declines 2.4 percent amid soft metallurgical coal demand. West Virginia Coal Association president Bill Raney says eastern output is now above western totals for the first time in a while, signaling competitiveness in a tough market.
RB officials confirm site prep and demolition have started for a 222,687 square foot Wal-Mart super center in Bluefield. The project includes a 90,891 square foot strip mall and about 9 acres of outparcel development adjacent to the existing store, with completion aimed for June of next year.
The market closed on a very calm note with the Dow up 20.54 to 10,815.30 while the Nasdaq added 8.38 to 3,821.76 and the S&P 500 slipped 9.63 to 1,467.63. Optimism lingered from last week’s broad rally though analysts warned direction may stay volatile.
Crude prices slipped to 29.70 a barrel on the New York Mercantile Exchange as OPEC officials hint at a potential 500000 barrel a day production rise. Nat gas jumped nearly 9 percent while analysts noted Saudi Arabia and OPEC officials pushing to keep prices in check around 30 dollars.
The FCC grants conditional approval for AT&T to buy MediaOne but requires divestitures to meet cable market ownership limits. AT&T must shed assets or subscribers within a year, while DOJ also approved the merger. The action keeps AT&T on track to offer high speed Internet, phone, and TV via cable lines, with antitrust safeguards in place.
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