Existing home sales rebound in May after rate fears
Existing home sales rose 4.3 percent in May to a seasonally adjusted annual rate of 5.09 million from April’s 6.2 percent drop. Analysts attributed the rebound to buyers rushing to lock in mortgages before rates rise, with caution on whether the strength lasts. Joel Naroff, an economic forecaster, noted increased supply and rate fears driving the surge.
MENTIONED IN THIS ARTICLE
Washington
National Association of Realtors
Joel Naroff
Noe Pa
CASE Seeks Ownership of Bluefield's Law and Commerce Building
Community Action of Southeastern West Virginia plans to take ownership of the downtown Law and Commerce Building on Federal Street from Ten Realtors. If finalized, CASE would use about 40 percent of the space for expanded services while allowing current tenants to stay, including law firms, with minimal disruption. The agency operates Headstart Meals on Wheels weatherization and other programs across four counties from seven Bluefield locations.
MENTIONED IN THIS ARTICLE
Bluefield
Law and Commerce
Community Action
West Virginia
Federal Street
Ornetta Hubbard
CASE
Hubbard
Phillip Morris to buy Nabisco for 14.9 billion
EW YORK AP Phillip Morris announces a 14.9 billion purchase of Nabisco Holdings to form a combined Kraft Nabisco. The deal includes 4 billion in debt and values Nabisco at 55 a share. The merged Kraft Nabisco would rank second in global food sales behind Nestle. Nabisco makes Ritz Oreos and Life Savers. Nabisco Group plans to sell the remaining cash from the Nabisco sale to R J Reynolds for 9.8 billion.
MENTIONED IN THIS ARTICLE
Philip Morris
Nabisco
Nabisco Holdings Corp
EW York
Big Tobacco
Philip Morris Companies Inc
Kraft Foods
Geoffrey C. Bible
Kraft
Nestle
Switzerland
Nabisco Holdings
Snackwell
Nabisco Group
Parsippany
N.J
Stocks rise on merger chatter ahead of Fed decision
NEW YORK AP stocks climbed with the Dow up 138.24 to 10,542.99 on gains from Philip Morris led Nabisco bid. S&P 500 rose 13.77 to 1,455.25 and Nasdaq gained 66.78 to 3,912.12 as traders eyed the Fed meeting and a string of food industry mergers. JPMorgan and Citigroup also posted advances amid upbeat trading before the rate decision.
MENTIONED IN THIS ARTICLE
RON Campbell Investment Planning
Raymond James Financial Services
NASD
SIPC
Abbott Labs
Allegheny Electric
AFLAC
SBC Communications
At&t Corp
AM. Water Works
Anheuser-Busch
Apple Computer
IND. Tech
Ashland Coal Inc
Ashland Oil Inc
Baker-Hughes Inc
Baltimore Gas & EL
Bankamerica
Bell Atlantic
Bellsouth Corp
Bethlehem Steel
Boeing CO
Cabot Oil & Gas
Carolina Power
Chevron Corp
Chubb Corp
Citizens Utilities
Suntrust
CSX Corp
CVS Corp
Daimlerchrysler AG
Detroit Edison
Dominion Res
DOW Chemical
Dupont
Eastern Ent
Eastman Kodak
Emerson Electric
Ethyl Corp
Exxon Mobil
First Union Corp
Virginia Bank
Flowers Industries
FMC Corp
Delhaize America
Ford Motor CO
GEN. Electric CO
GEN. Motors Corp
GTE
Ee Georgia Pacific
Gillette
GLAXO
Goodyear Tire
Hercules Inc
Humana Corp
IBM Corp
Ingersoll-Rand
Intel Corporation
K-Mart Corp
Kroger CO
Lowe's Cos
Lucent Tech
McDonald's Corp
Merck & CO. Inc
Nash Finch CO
Navistar Int'l
Nike, Inc
Norfolk Southern
Occidental Pete
ONE Valley Bank
J.C. Penney CO
Pennzoil CO
Pepsico Inc
Phila. Electric
Philip Morris Cos
Phillips Petroleum
Pittston Brinks
Potomac Elec
PWR
Praxair, Inc
Reebok Int'l
REX Stores Corp
Rite Aid Corp
RJ Reynolds
Rockwell Int'l
Sara Lee Corp
Sears Roebuck
Sherwin Williams
Shoney's Inc
Southern CO
Tenneco Inc
Texaco Inc
TRI Continental
Union Carbide
Union Pacific
Unisys Corp
Universal Corp
Usair Group
Marathon Oil
USX
U.S. Steel
Wal-Mart
Walt Disney CO
Wendy's Int'l
Westvaco Corp
Williams Companies
Valley Natural Gas
XEROX
DOW Jones Industrial
NEW York
Dow
Philip Morris
Kraft Foods
Nabisco Holdings Corp
Federal Reserve
Standard & Poor
Nabisco
Fed
Ackerman
Also Mentioned on This Page
IRS
Hou- Po
Jkharris.com
Wall Street
Jou
JK Harris & Company
W. Virginia
Charles Owens
The
Daily Telegraph
Nity
Eric DiNovo
Emr ‘Nyeer
Marlboro
Benson & Hedges
Virginia Slim
Parliment Tobacco
Jell-O
Kool-Aid
Maxwell House
Oscar Mayer
Post Cereals
Miller Brewing
Phillip Morris
Alan Ackerman
Fahnestock & Co
Aigrforce.co
Princeton
Air Force
Curtis A. Brock, JR
Brock
Stafford
Tri-Cities
First- Vantage Banke
rikSt Arginif
Des Bank
Castlewood
Honaker
Lebanon
I Laysi
Clintwood
First Vantage Bank
First
Virginia
U.S. Pat
FDIC
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