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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Mar 25, 2000
Page
6
The Fed issued a rule requiring payday lenders to disclose in writing the annual percentage rate and finance charge before a loan is completed. The rule, effective Friday with voluntary compliance until Oct 1, formalizes that payday loans fall under the Truth in Lending Act.
Stocks closed a volatile week with mixed results led by the Nasdaq as Cisco Systems and eBay posted solid gains. IBM, 3M and Honeywell rose while Johnson & Johnson fell after halting Propulsid marketing, sparking concerns over drug safety and market impact. Analysts cited improving corporate earnings as a key driver for near term gains.
BP Amoco advances a 700 million Northstar offshore oil project six miles from the Alaska coast, building a gravel island and two 17 mile pipelines while Greenpeace protesters endure extreme cold nearby. Greenpeace spokesman Dan Ritzman calls for a shift to renewable energy and vows ongoing protest. arrests occurred earlier for trespassing during island access.
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