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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 26, 2001
Page
8
Trading shows a minor drop of 0.95 percent from the previous close as the index fluctuates around 10,644.24. The session records a value of 10,504.22 at the latest quote, indicating a cautious market with modest movement amid volatility.
Acordia of West Virginia joins with the H.S. Shott Jr. Foundation and the City of Bluefield to renovate a downtown historic building floor for up to 30 new Third Party Claims Administration jobs. The project, funded by a $600,000 Shott Foundation loan, aims to modernize offices and boost downtown employment as Acordia transfers jobs across floors and expands its local workforce. Training for the 30 new TPA positions is slated to begin in early 2002 with program operations set for the third quarter.
Blue chip shares declined amid investor caution despite expectations of a Federal Reserve rate cut this week. The Dow fell 100.37 to 10,504.22 while the Nasdaq rose 16.03 to 2,050.87 and the S&P 500 slipped 6.75 to 1,218.60 as earnings warnings and jobs cuts weighed on sentiment. Washington Mutual agreed to buy Dime Bancorp for 5.2 billion in cash and stock, sending WaMu down 1.90 to 37.00 and Dime up 1.02 to 37.90.
The starting minimum wage will rise to 6.70 per hour in three years under a tentative Disney Disney World contract with six unions. The agreement ends two months of talks and covers about 25,000 workers at the central Florida resort, with a July 6 vote planned on the pact.
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