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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 08, 1994
Page
5
A June 7 1994 Money column presents quotations that shape investment planning tips. It highlights investor guidance from finance experts and outlines practical steps for building a diversified portfolio with risk awareness and long term goals.
McDonald’s apologized after printing 2 million World Cup themed bags bearing a Koran verse on 520 UK outlets. Islamic leaders and Saudi officials warned the bags desecrated holy text, prompting a withdrawal and renewed sensitivity to cultural considerations.
Airlines slash advanced purchase rules and nonrefundable tickets as low cost rivals lead a trend toward simple pricing and Spartan service. The move, dubbed Wal-Martization, aims to attract travelers with two for one offers and refunds, changing the long practiced practice of strict fare rules.
Cumberland Plateau Planning District and Southwestern Community College officials announce a 16 member steering committee to guide a four to six month study and startup plan for a Pre-Employment Training Center amid coal industry layoffs. The project costs 30000 to 40000 dollars with office to open July 1 on SVCC campus and initial meeting planned this month.
Domestic coal output reached 20 million tons for the week ending May 28, up from 19.7 million the prior week, per the Energy Information Administration. Wyoming led with 4 million tons, followed by Kentucky at 3.1 million and West Virginia at 2.9 million. Year to date production totals about 428 million tons, roughly 7 percent above last year.
Airlines trim ticketing restrictions on many flights and routes, offering more lowest fares with no or shorter stay rules. Some carriers still charge $100 for changes, while others offer refunds. Business travelers’ solo trips drive the push toward cheaper, flexible pricing across carriers.
Stocks moved lower as investors lacked reasons to buy while a lackluster bond market weighed on shares. The 30 year bond yield rose to 7.26 percent. Dow dropped to 3755.91 with declines outnumbering advances on the NYSE. Nasdaq fell to 739.40 and the AMEX index slipped to 442.49.
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