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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Mar 08, 2000
Page
5
Closing prices and quotations provided by Ron Campbell Investment Planning Raymond James Financial Services. Includes NASD SIPC membership details and contact information.
U S government data show fourth quarter productivity rose 6.4 percent, the strongest since 1992, lifting full-year 1999 productivity to 3 percent. Gains credited to computers and tech advances, with stock markets mixed on rate hike fears.
The Dow Jones slumped 374.47 points to 9796.03 as Procter & Gamble warned of sharply lower earnings due to higher input costs. Nasdaq fell after early gains, while Merrill Lynch cut consumer products stocks. American Express and Coca Cola declined, Exxon Mobil and Microsoft rose.
Lake Placid tourism chief James McKenna says summer prices could push pump costs an extra eight dollars per round trip for NYC visitors. Energy Department forecasts $1.75 to $1.80, but Secretary Bill Richardson cautions a spike is not certain and depends on OPEC production.
Seattle AP reports Boeing says twenty in service jets have faulty fasteners on engine housings that could corrode and crack. Some planes on the assembly line will be delayed as Boeing searches for and replaces the defective metal skin fasteners. Deliveries are affected by the strike that began February 9 by engineers and technical workers.
Gasoline stocks are very low due to a drop in crude oil output. Prices have spiked and are projected to rise further this summer, signaling higher costs for consumers and motorists nationwide.
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