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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 12, 2001
Page
5
In U S markets this week stock of Canadian firms shows a 0.50 percent change from the prior period. Dividends and spillover notes highlight distributions of 20 units or more in 52 weeks. Contingent redemption and listing criteria are explained, with sales figures labeled unofficial and share worth thresholds.
Stock prices fell as investors retreated amid worries about weak earnings and a sluggish economy. The Dow dropped 54.91 to 10,922.09, the Nasdaq slid 44.32 to 2,170.78, and the S&P 500 fell 10.57 to 1,254.39 amid lighter volume and expectations for weak upcoming quarterly results. techs led losses with Juniper Networks and Intel among decliners, while Microsoft and Johnson & Johnson also fell.
Wal-Mart will no longer accept the 150 clothing vouchers issued by West Virginia for low income families with school age children. The retailer cites an insufficient staff to process the vouchers though it wants to participate by possibly using gift cards. West Virginia DHHR and lawmakers react as the program relies on participating retailers for school clothes funding.
The Surface Transportation Board announced tougher rules for railroad mergers, requiring plans to prevent service disruptions and demonstrations that mergers serve the public interest. CSX opposed the change, arguing it raises the bar for consolidation, while railway unions note competition remains. The rule aims to curb oversupply effects and past disruptions like the 1996 Union Pacific Southern Pacific merger.
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