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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 08, 2001
Page
5
The data notes a record high of 11,722.98 on January 14, 2000 and a later figure of 11,100.04 on June 7, 2001. It underscores peak market levels and adjusted benchmarks across these dates, illustrating a significant rise followed by a later scale change.
Gov. Bob Wise awarded four West Virginia firms the 2001 Governor's Award for Excellence in Exporting during World Trade Day at the Charleston Marriott. Tabor Machine Co. and Norris Screen and Manufacturing in Bluefield and Princeton were recognized for manufacturing screening equipment used in Russia, Canada, Mexico and China, with plans to double capacity and add jobs. The awards, created in 1983 by the governor and Export Council, honor leadership in exporting as WV exports surpass $2 billion annually.
Wall Street edged higher as a brighter earnings outlook from the semiconductor sector offered hopeful news. Major indices closed with modest gains while investors weighed profits recession risks, the looming second and third quarter results, and a $3 billion verdict against Philip Morris in a Los Angeles court case. National Semiconductor reported a break-even fiscal quarter, helping the sector lift sentiment.
Market watch notes analysts expected a 3 cent per share loss for the company. National Semiconductor rose 3.07 to 31.04 while chipmakers benefited from a strong revenue outlook. the Semiconductor Industry Association projected a 20.5 percent sales rise next year. Intel gained 1.34 to 31.16 amid expectations after-hours for a midquarter update predicting second quarter revenue within estimates.
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