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Bluefield Daily Telegraph in Bluefield, West Virginia

04 May 2001

Page 6

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

May 04, 2001

Page

6

Weak economy pulls stocks down

Stocks fell sharply as disappointing economic and earnings news signaled continuing challenges for companies and concerns over Friday's government employment report. The Dow dipped 80.03 to 10,796.65, Nasdaq dropped 74.40, and S&P 500 slid 18.85, with General Motors Coca Cola IBM Intel and Dell among notable decliners. Labor data showed first-time unemployment claims at a five year high, signaling weaker demand for workers and a cautious path ahead.

MENTIONED IN THIS ARTICLE

Dow Industrials Dow Transportation Dow Utilities NYSE S&p MidCap Russell Wilshire Landrys Stonhon RA Attorneys MSC Diacrina SchuffSt Transmont Lica Ind IdHidg AtlasPp LibFin Low Rcln McLeod Macrmdia Silvrinem Acifc Rennin Lucent Nash Cisco PDR SunMicro Emcs Djia Diam Oracle GenElec Nabors McLeod Nortelinw Devone DeliCptr JDS AOLTW Inet i2Techs At&t NY IBM NY Kmart NY AEP AllgEngy NY NY KeySpan NY AmWtt NY al Kroger NY ArchCoal NY Lowes NY Ashland Merck NY Bb&tcp NY BPPLC Microsft BakrHu NY Nashf Nash BellSouth NY NorflkSo NY PepsiCo CSX PhilMot NY Cvsco NY PhilPot NY PotmEl NY Carop Amex CitzComm NY Rjreyn NY CitzAt of NY RexStore NY CocaCl NY RiteAid NY ConstellEn NY Rockwi NY SBC Com NY ComRes NY Sears DowChms NY DuPont NY SouthnCos NY DukeEgg TncoAut NY Ekodak TriContl NY EmisnEl NY Usxmar NY FMC NY Fcmteshn Nasd Usxuss NY Unisys NY FtVaBk NY Upsb NY GenElec NY Gapcgp NY US Airway NY Glaxoskin NY UnvsiCo NY Hcahith NY VerizonCm NY Herculs NY WalMart NY Humana NY Westvaco NY WmsCos Mo Invest Vanguard Icaa P Wsha P Fidelity Invest Grounc le Gwtha P PIMCO Ultra Wellin Eq Inc el Purita Putnam Funds A Grina P LV Janus Twen Juard Fds Inva P Putnam Funds Voya LG Incoa P MP AIM Onal Fide LC EQU Gnma el Caltfa P Nwopa P Usgro MP Frank Temp T Grtham Equity Inc Lipper, Inc New York Alan Skrainka Edward Jones St. Louis Wall Street Dow Jones Dow Standard & Poor Skrainka Labor Department General Motors Coca-Cola IBM Intel Dell Computer UBS Warburg
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Jobless Claims Jump to Five-Year High

The Labor Department reports seasonally adjusted first-time unemployment claims rose by 9,000 to 421,000 for the week ending April 28, the highest since March 1996. Wall Street slid as investors worried about slowing growth, while the Fed has cut rates four times this year to stave off recession and economists foresee higher unemployment later in the year.

MENTIONED IN THIS ARTICLE

Washington Labor Department Wall Street Federal Reserve
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TVA Ordered To Pay Damages To Whistleblower

In Chattanooga Tennessee a federal review board awarded Curtis Overall of Cleveland $50,000 in damages and costs after ruling TVA covered up safety issues at Watts Bar Nuclear Plant. Overall was removed in 1995 for reporting 171 broken screws in the ice condenser system and later reinstated with back pay before leaving the agency amid ongoing retaliation allegations.

MENTIONED IN THIS ARTICLE

Chattanooga, Tenn Federal Review Board Tennessee Valley Authority Watts Bar Labor Department Review Board TVA Curtis Overall Cleveland, Tenn Overall
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Dell recalls notebook batteries over fire hazard in servers or laptops

Dell Computer Corp recalls about 284000 batteries used in Inspiron 5000 and 5000e notebooks shipped Jan 7 2000 to March 21 2000 after one reported fire and minor damage. Batteries sold separately for 100 to 130 dollars, made in Japan by Panasonic. Customers urged to remove batteries and call Dell. stickers show a P and numbers up to 0051 or 99. Earlier in October a 27000 battery recall occurred for similar hazard.

MENTIONED IN THIS ARTICLE

Dallas Dell Computer Corp Dell Consumer Product Safety Commission Japan Panasynic Tom Kehoe
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Also Mentioned on This Page

PRS Geet DeeDee Hancock Investment Jefferson Street P.O. Box Bluefield Denton Millsaps Investment Elmer Street P.O. Box Princeton Oacel Wilson & Hrutkay Law PO Logan Emats, Inc Cedar Bluff Virginia EMATS
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