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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Mar 03, 2001
Page
4
Stock Footnotes detail statuses such as dividends splits and rights across U S and Canadian listings. It explains classifications like preferred shares and units halted on primary markets, plus mutual fund fees and redemption details. The note clarifies minimum value thresholds for listing and cites The Associated Press as the source with unofficial sales figures.
The January unemployment rate rose to 4.2 percent, the highest in 16 months, with 65,000 manufacturing jobs lost. Overall payrolls grew by 268,000, driven by construction, signaling a weak but not collapsing economy. Dow falls 119.53 points as investors fear a downturn.
The Dow fell 119.53 to 10864.10 and the Nasdaq slid 122.29 as tech shares dropped while energy and health care led losses. Unemployment rose to 4.2 percent even as job gains reached near 270,000, keeping hopes for a February rate cut dim ahead of the March Fed meeting.
A UC Berkeley professor hired by Bridgestone/Firestone says 148 U.S. deaths tied to Explorer tire failures stem from a mix of manufacturing and design flaws made worse by overloaded vehicles. He cites hot weather and plant differences, with Ford Explorer and federal probes still under review.
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