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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Mar 10, 2000
Page
6
Closing prices and market quotes provided by Ron Campbell Investment Planning and Raymond James Financial Services. Figures reflect typical daily values for the period and are intended for informational use by investors.
Charleston AP report shows House leaders resisting Senate plans to lift the 60 percent stock cap on the Consolidated Pension Fund. Opponents warn of broken promises after a 1997 constitutional amendment. The Senate would also curb overseas limits and revise investment rules. Investment officials say lifting caps could improve fund objectives. About 2 billion of the 4 billion pension assets are in stocks.
Nasdaq rose 88.66 to 4985.92 led by Cisco Systems Hewlett Packard and AOL while Dow gained 2.17 to 9858.70 and S&P 500 up 15.30 to 1382.00 amid rate worries. Qwest U S West gains and Deutsche Telekom talks echoed takeover chatter.
Boeing plans 5000 additional layoffs and warns deliveries may lag in Q1 and Q2 due to the SPEEA strike. End-year global headcount seen at 180000 to 190000, down from prior targets. As of Feb 3, Boeing employed 194100 worldwide. location of cuts not specified.
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