Mixed stock market closes with Dow gains and Nasdaq drop
The New York stock market finished mixed as blue chips rose on cyclical optimism while smaller caps fell amid higher rates and weak European markets. Dow up 9.67 to 3783.12, S and P 500 up 0.43, Nasdaq down 2.28, volume 243.37 million shares.
MENTIONED IN THIS ARTICLE
New York
Tokyo
London
Financial Times-Stock Exchange
Frankfurt
Paris
New York Stock Exchange
Standard & Poors
NYSE
American Stock Exchange
Court voids 105 million GM verdict in teen death case
Georgia Court of Appeals voided a 105 million Fulton County verdict against General Motors over a 1989 side saddle pickup explosion that killed 17 year old Shannon Moseley. The ruling cites improper references to 120 other GM cases and finds no link to Moseley’s suit.
MENTIONED IN THIS ARTICLE
Atlanta
Georgia Court of Appeals
General Motors Corp
Fulton County
Thomas
Elaine Moseley
Moseleys
Shannon
Moseley
Jim Butler
Ben Cohen Leaves Ben and Jerry's for Unusual CEO Hunt
Ben Cohen resigns as chief executive of Ben and Jerry's to be replaced by a candidate chosen via a tongue in cheek recruitment poster modeled on military notices. He will stay as chairman and concentrate on product development.
MENTIONED IN THIS ARTICLE
Aterbury, VI
Ben & Jerry's
Ben Cohen
Cohen
Lee Ben & Jerry
U.S
Jerry Greenfield
Uncle Sam
Rize
Ice Cream For Life Club
Safety law under court scrutiny in Virginia appeals
Norfolk AP report on Lester G. Hales II and Corey apprentice deaths linked to Dorey Electric Co. legal fights over safety penalties. Virginia Supreme Court heard arguments on two cases from 1990 and 1992, with a ruling due in September. Families condemn outcomes as company profits over safety.
MENTIONED IN THIS ARTICLE
Norfolk
Lester G. Hales II
Dorey Electric Co
Dorey
Virginia Supreme Court
Apprentice
Corey
Hales
Sandi Hales
Chesapeake
Scott J. Roberson
Jury finds Hazelwood Exxon reckless in spill case
A federal jury held Exxon Corp and Captain Joseph Hazelwood reckless for the 1989 Exxon Valdez disaster. Plaintiffs may seek about 15 billion dollars in punitive damages from Exxon and Hazelwood as the next phase determines the penalty. The verdict follows four days of deliberation and the spill discharged nearly 11 million gallons into Prince William Sound, coating 1,500 miles of coastline.
MENTIONED IN THIS ARTICLE
Anchorage
Alaska
Exxon Corp
Joseph Hazelwood
Exxon
Hazelwood
Lee Raymond
U.S
H. Russel Holland
Exxon Valdez
Bligh Reef
North Slope
Prince William Sound
Boeing 777 completes successful test flight in Everett
Boeing's new 777 jumbo jet flew for 3 hours 48 minutes from Paine Field with Captain John Cashman and co pilot at the controls. The jet faced minor glitches but many employees celebrated as Boeing reported 147 orders and projected rapid sales to airlines worth billions by 2010.
MENTIONED IN THIS ARTICLE
Everett, Wash
Boeing Co
John Cashman
Cashmen
Boeing
Emon
Phil Condit
Paine Field
Airbus Industries
McDonnell Douglas
Coal production down 6 percent in week ending June 4
Charleston AP reported that domestic coal production totaled 18.8 million tons for the week ending June 4, down 6 percent from 20 million tons the prior week. Wyoming led with 4.1 million tons, followed by Kentucky at 2.8 million and West Virginia at 2.6 million. Year to date output stands at 446.8 million tons, 7 percent above last year.
MENTIONED IN THIS ARTICLE
Charleston
U.S. Department of Energy
U.S
Department
Energy Information Administration
Wyoming
Amon
Kentucky
West Virginia
Rates Rise on Short-Term Treasury Bills in Monday Auction
The Treasury sold 12.1 billion dollars of three month bills at 4.16 percent and 12.1 billion in six month bills at 4.55 percent. The three month rate marked the highest since 4.23 percent on May 31, while the six month rate topped 4.67 percent on the same date. Disclosed yields imply investor returns of 4.26 percent for the three month bill at a $10,000 face value and 4.72 percent for the six month bill at $9,770.
MENTIONED IN THIS ARTICLE
RON Campbell Investment Planning
Robert Thomas Securities, Inc
Bernald
SIPC
Allegheny Power
AM. Family Corp
Ameritech
At&t Corp
Anheuser-Busch
Apple Computer
Ashland Coal Inc
Ashland Oil Inc
Atlantic Richfield
Baker-Hughes Inc
Baltimore Gas & EL
Bearings Inc
Boeing CO
Cabot Oil & Gas
Carolina Power
Chevron Corp
Chrysler Corp
Chubb Corp
Citizens Utilities
Coca-Cola CO
Columbia Healthcare
Nat'l Gas
Corning Inc
Crestar Financial
CSX Corp
Dupont
Eastern Ent
Eastman Kodak
Emerson Electric
Enon Corp
First Union Corp
1ST
Virginia Bank
Flowers Industries
FMC Corp
Food Lion Inc
Ford Motor CO
GEN, Electric CO
GEN. Motors Corp
GTE Corp
Georgia Pacific
Gillette CO
Glaxo Holdings
Goodyear Tire
Hercules Inc
Humana Corp
IBM Corp
Ingersoll-Rand
JOY Technologies
K-Mart Corp
Kroger CO
Lowe's CO
Mapco Inc
McDonald's Corp
MCI Communications
Merck & CO. Inc
Mobil Corp
Monsanto CO
Mylan Labs
Nash Finch CO
Nationsbank Corp
Navistar Int'l
Norfolk Southern
Occidental Pete
ONE Valley Bank
Acific Telesis
J.C. Penney CO
Pennzoil CO
Pepsico Inc
Phila, Electric
Philip Morris Cos
Phillips Petroleum
Pittston
Pittston Minerals
Potomac Elec
PWR
Praxair, Inc
Premier Bankshares
Pulaski Furniture
Reebok Int'l
Reynolds Metals
Rite Aid Corp
RJR Nabisco Hldg
Rockwell Int'l
Sara Lee Corp
Sears Roebuck
Sherwin Williams
Shoney's Inc
Signet Banking
Southern CO
Tenneco Inc
Texaco Inc
Union Carbide
Union Pacific
Unisys Corp
Universal Corp
Usair Group
Usx-Marathon Oil
USX
U.S. Steel
Wal-Mart
Disney CO
Wendy's Int'l
Westinghouse EL
Westmoreland Coal
Westvaco Corp
Xerox Corp
Washington
Treasury
Treasury Department
West Virginia Public Relations Accreditations Honored
Three West Virginia PR professionals Jo Lynn Burns Dolores Kinder and Helen Matheny gained accreditation from the Public Relations Society of America, bringing the state total to 17 accredited practitioners. Teresa Cutlip retires after 40 years in federal service including SBA district director for West Virginia. USAir to match Northwest discounts offers 35 percent off peak and 30 percent off-peak fares in competitive markets with travel July 7 to Sept 12. Maryland mine reclamation project eyed at 2.9 million dollars to reclaim land north of Kitzmiller with grading topsoil and seeding. Public comment on EPA office in Charleston advances. environmental advocate post to be filled before July 1 1994.
MENTIONED IN THIS ARTICLE
Charleston
Marvin P. Shelton
Small Business Administration
West Virginia
Internal Revenue Service
Fredericksburg
SBA
Office of Finance Investigations
Public Relations Society of America
Jo Lynn Burns
Citizen's Telecom
Dolores Kinder
Charles Ryan Associates, Inc
Helen Matheny
Willard & Associates, Inc
Usair
Northwest
Arlington
Northwest Airlines
Maryland
Kitzmiller
Garrett County
EPA
Division of
Environmental Protection
David Callaghan
Callaghan
Environmental Advocate
David Grubb
D-Kanawha
Also Mentioned on This Page
Larry Glindeman
Roberson
Donald Dorey
Pennlry
Guilford D. Ware
Ware
Teresa Cutlip
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