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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Mar 23, 2000
Page
6
Closing prices and quotations compiled by Ron Campbell Investment Planning and Raymond James Financial Services. Includes market values and summaries from NASD/SIPC member firms. Contact numbers provided for further details.
Technology shares drove a broad market advance with the Nasdaq up 153.07 to 4,864.75 and the S&P 500 reaching a record 1,500.64 while the Dow eased. Gains centered on chip makers Internet and biotech firms with optimistic views from analysts cited. The market eyed ongoing Fed rate hikes, hoping late-stage pauses.
Bank One Corp plans a 2.15 billion real estate loan portfolio sale to Household International and weighs selling WingspanBank com. The deal affects Banc One Financial Services with 97 offices and about 900 of 1,100 employees to transfer, as Bank One refocuses on core businesses. Household operates 1,400 offices nationwide and would gain new customers. Analysts see it as asset cleanup while WingspanBank com faces potential sale. Morgan Stanley is advising.
Executives like Elizabeth Huber quit six figure roles at AT&T Wireless to lead nonprofit efforts, taking pay cuts of over half. Arch ie Milligan and Bruce LaMaster likewise left lucrative careers to lead Habitat for Humanity and Youth Guidance Connection. Studies show a rising group dubbed Cultural Creatives, about 45 million strong, pursuing purposeful work over wealth. Working Woman and Roper found 86 percent prefer meaningful impact over high earnings.
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