Blue chips steady as tech stocks slip on profits fears
Tech shares fell as investors worried about computer industry profits, while blue chips held position. The Dow rose 11.08 to 5659.43 after an early gain and mid afternoon dive, with Nasdaq dropping on profit-taking and options expirations near. Federal Reserve manufacturing in the mid Atlantic accelerated, fueling inflation concerns and rising payroll pressures. Hugh Johnson of First Albany commented on stronger activity and price pressure.
MENTIONED IN THIS ARTICLE
New York
Philadelphia
Federal Reserve
mid-Atlantic
Hugh Johnson
First Albany Corp
Public intoxication and shoplifting report from Princeton area
Police blotter lists Rich ard Allen Farmer 35 of Kegley charged with public intoxication disorderly conduct and obstructing an officer. Jennifer A. Clay 24 of Princeton cited for shoplifting along with Billie J. Smith 43 of Princeton. Lewis Edward Clark 26 jailed on warrants for worthless checks. Theft of a typewriter on Walnut Street. Loud music warning at Tiffany Manor. DUI arrest at Bland and Oakhurst. Shoplifting at Wal-Mart and other incidents noted.
MENTIONED IN THIS ARTICLE
Richard Allen Farmer
Kegley
D.B. Rogers
Jennifer A. Clay
Main Street
Princeton
C.C. Smith
Billie J. Smith
Blater Street
Lewis Edward Clark
Bluefield
Tiffany Manor
M.S. Haynes
Bland and
Oakhurst
Buchanan County near balanced budget faces August vote
Buchanan County Supervisors near a balanced budget within about 23000, with final approval likely at the August meeting. The school system, facing a 33 million dollar budget and mine shutdowns, remains the main hurdle amid rising health costs and uncertain coal severance income.
MENTIONED IN THIS ARTICLE
Ner
Grundy
P.V. Dennis
School Board
Joyce Presley
Buchanan County
Consol
VP3
Westinghouse to buy Infinity Broadcasting
Westinghouse Electric agreed to acquire Infinity Broadcasting for 3.9 billion, creating a 83-station radio giant with operations in 16 markets including Los Angeles New York and Chicago. The deal follows deregulation and will bring shock jocks Howard Stern and Don Imus to the network.
MENTIONED IN THIS ARTICLE
New York
CBS
Westinghouse Electric
Infinity Broadcasting
Howard Stern
Don Imus
Edward R. Murrow
CBS Inc
Westinghouse
Infinity
General Motors
John Reidy
Smith Barney Inc
Los Angeles
Chicago
New York Stock Exchange
Stern
Imus
Howard
Jordan
Dollar climbs as Japan official dampens rate hike bets
The dollar edged higher after Japanese official Eisuke Sakakibara said Japan’s improving economy does not justify higher interest rates, bolstering dollar demand. Rubin and Tietmeyer remarks supported the move. yen rose to 108.20 per dollar, marks at 1.5240, while the pound slid to 1.5380.
MENTIONED IN THIS ARTICLE
New York
Japan
Treasury
Robert Rubin
Washington
Bundesbank
Hans Tietmeyer
Rubin
United States
Tietmeyer
Kosuke Hanao
Industrial Bank of Japan
Eisuke Sakakibara
International Finance Bureau of
Finance Ministry
Also Mentioned on This Page
RON Campbell Investment Planning
Robert Thomas Securities, Inc
Abbott Labs
Allegheny Power
AM. Family Corp
Ameritech
At&z Corp
AM. Water Works
Anheuser-Busch
Apple Computer
Ashland Coal Inc
Ashland Oil Inc
Atlantic Richfield
Baker-Hughes Inc
Baltimore Gas & EL
Bearings Inc
Bell Atlantic
Bellsouth Corp
Bethlehem Steel
Boeing CO
Cabot Oil & Gas
Carolina Power
Chevron Corp
Chrysler Corp
Chubb Corp
Citizens Utilities
Coca-Cola CO
Columbia Gas Sys
Columbia Healthcare
CON
Nat'l Gas
Corning Inc
Crestar Financial
CSX Corp
Detroit Edison
Dominion Res
DOW Chemical
Dupont
Eastern Ent
Eastman Kodak
Emerson Electric
Ethyl Corp
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
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
Occidental Pete
ONE Valley Bank
Pacific Telesis
J.C. Penney CO
Pennzoil CO
Pepsico Inc
Phila. Electric
Philip Morris Cos
Phillips Petroleum
Pittston Minerals
Pittston Services
Potomac Elec
PWR
Praxair, Inc
Premier Bankshares
Pulaski Furniture
Reebok Int'l
REX Stores Corp
Reynolds Metals
Rite Aid Corp
RJR NABISCO HI_DG
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
U.S. Steel
Wal-Mart
Walt Disney CO
Wendy's Int'l
Westinghouse EL
Westmoreland Coal
Westwaco Corp
Xerox Corp
Bow
Daily Record
Omar Aboulhasn
Southern
Sgt
RE. Midkiff
Walnut St
J.A. Jones
Bluefield, Va
T. Sarver
Buchanan
Greg Cruey
The
Daily Telegraph
Stiltner
Michael H. Jordan
Infinity Broadcasting Corp
Mel Karmazin
Federal Communications Commission
FCC
Compa
Nies
Karmazin
Bluefield Baily Telegraph
Schoolcraft Rd
Livonia
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