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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 15, 2001
Page
5
The Labor Department says the Producer Price Index rose 0.1 percent in May after a 0.3 percent April gain, with core PPI up 0.2 percent. Food prices fell 0.4 percent while energy rose 0.2 percent led by an 8 percent jump in heating oil and 0.7 percent power.
The State Bureau of Employment Programs reports the average weekly wage up to 506.49 dollars, boosting maximum unemployment compensation to 338 dollars weekly from July 1. Maximum workers' compensation weekly benefits rise to 506.49 dollars for recent injuries and 337.68 for permanent partial disability, with qualification thresholds specified. A June 16 open house marks Princeton Health Care Center's 20th anniversary, featuring Dan Turner and Across The Miles, with 117 staff and 120 bed capacity.
The market tumbled as the Dow fell over 180 points amid grim earnings alerts and fears of a weak 2001 turnaround. GE's Honeywell bid faced European approval doubts, while triple witching, preannouncements, and tech warnings dampened investor confidence.
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