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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Mar 18, 2004
Page
7
A truncated OCR fragment outlines securities terms such as reverse stock splits, stock dividends, and rights issues. It mentions 62 weeks, 50 percent splits, and a high PE ratio, then references distributions and redemption fees amid unclear context. The readable entities include stock terms and generic market language without a clear event or party.
Wall Street extended its rebound for a second day as the Dow climbs 115.63 to 10,300.30, the S&P 500 up 13.05 to 1,123.75, and the Nasdaq 33.67 higher at 1,976.76. The CPI rose 0.3 percent in February, easing fears of further rate hikes and suggesting the Fed may hold rates steady for the year. Analysts see the gains as a relief rally rather than a new long-term uptrend.
West Virginia Attorney General Darrell McGraw filed suit in Kanawha County Circuit Court against Cross Country Bank and Applied Card Systems alleging deceptive marketing and abusive debt collection. The action targets low credit lines, hefty fees, and aggressive collection tactics. Defendants include founder Rocco A. Abessinio. Huntington call center cited. The suit seeks injunctions, restitution, civil penalties, and up to 3700 dollars per violation.
The Pentagon plans to withhold about 300 million dollars from Halliburton over possible overcharges for meals served to troops in Iraq and Kuwait. Starting next month 15 percent of payments to Halliburton under a multibillion dollar contract for food housing laundry and mail will be withheld. Halliburton and its unit KBR face a criminal probe into misdeeds in Iraq and Kuwait tied to meal overcharges. The letter cites possible substantial overcharges and notes the need to protect government interests. Halliburton has set aside funds to settle allegations and repaid some amounts while maintaining explanations for estimation errors in a war zone.
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