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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 18, 1999
Page
5
June 17 1999 closing prices provided by Ron Campbell Investment Planning and Raymond James Financial Services. Contact (304) 325-7334 for NASD and SIPC affiliated data.
United States shares climbed as Fed Chair Greenspan signaled a small interest rate increase may suffice to keep inflation in check. The Dow rose 56.68 to 10841.63, Nasdaq gained 25.62 to 2543.45, and the S&P 500 added 9.50 to 1339.91 as investors awaited the Fed meeting on June 29–30.
Mary Jo Shrader Violet Bailey and Mary Robertson retire after long service at Bluefield Big K-Mart. Shrader serves 47 years Bailey 28 years Robertson 33 years. All began at Kresge's before moving to K-Mart in 1976 and later to the Big K-Mart site at Chicory Square.
Greenspan told Congress the Fed may take pre emptive action to shield the economy from inflation risks, signaling possible rate increases soon. Economists differ on how many moves the central bank will make, while markets largely shrugged at the rumor of a rate rise. He noted policy changes work with a lag and warned profits and employment could shift as rates adjust.
The FTC warns small businesses about cramming in which firms promise a free 30 day Web site trial but bill phone lines for unauthorized services. Thousands have paid millions after agreeing to a trial that ended or was canceled with no proof of service and no notice of charges. The scam is tied to open phone billing and tops consumer complaint lists in the FTC’s annual fraud report.
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