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Bluefield Daily Telegraph in Bluefield, West Virginia

12 May 2001

Page 5

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

May 12, 2001

Page

5

Stocks slip as data raises doubt on Fed rate cuts

Wall Street fell Friday after data showing resilience in the economy dampened hopes for aggressive Fed rate reductions. The Dow dropped 89.13 to 10,821.31, the Nasdaq fell 21.43 to 2,107.43, and the S&P 500 slipped 9.51 to 1,245.67. traders eyed a possible quarter-point cut or none at all amid mixed inflation and retail data. IBM and Nortel led declines while Schering-Plough gained on merger bid chatter. The Nasdaq remained up from a low hit earlier in the year, signaling a cautious market stabilizing view.

MENTIONED IN THIS ARTICLE

Dow Industrials Dow Transportation Dow Utilities NYSE S&p Russell Wilshire NtwkEq MatecCps ColeNat SFBC Bre farTch QksivRs InforMaxn DyaxCon Tefron MutRisk Orbital Covance SPOR NortelNw Djia Diam Nabors EricTels SP Tech JDS Pfizer SP Mid GreyWolf SunMicro At&t NY BM NY AllgEngy NY Kmart NY AEP NY KeySpan NY AmWrt NY Kroger NY ArchCoal NY Lowes NY Ashland NY Bb&tcp NY Bpplc NY Microsft Nash BakrHu NY Nashf Nash NorfikSo NY BellSouth NY PepsiCo NY CSX NY PhilMot NY CVS Co NY PhilPot NY Carop Amex CitzComm NY Rjreyn NY RexStore NY CitzAt of NY RiteAid NY Cocac NY Rockwt NY ConstellEn NY DomRes NY SBC Com NY DowChms NY Sears NY DuPont NY SouthnCos NY DukeEggs NY TncoAut EkKodak TriConti NY Emrsn FMC NY Fcmtbsh Nasd FtVaBk NY UPS GenElec NY Gapcgp US Airway NY Glaxoskin NY UnvsiCp NY HCA Hith NY VerizonCm NY WalMart NY Westvaco NY Icaa P Wsha P Gwtha P XC Fidelity Invest Janus Fund LG PIMCO Eupaca P IL N Pera P Amer Century Inv Ultra Windw Vanguard Wellin GroCo el Fdinva P Putnam Funds Grina P IV Incoa P MP Twen LG HithCre Voya P Wadsr Frank/Temp Frnk A Caltfa P Usgro MAE AIM Funds Grwtha Fidelity Advisor T Capwgap GL Morg St Dean Wit NwOpAp AIM Valub LC Legg Mason ValTr P Davis Nyven A LV Smcpa P GL Ei -Equity Inc EM -E Pate Am LV - Aaron Ae Lipper, Inc NEW York Federal Reserve New York Stock Exchange Standard & Poor Fed Wall Street Marshall Acuff Salomon Smith Barney Business Week Merck Brian Belski Bancorp Piper Jaffray
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Teligent lays off 900 as credit deadline looms

Teligent Inc. cut about 900 jobs, nearly 40 percent of its staff, amid a looming 350 million financing crunch that could force bankruptcy. The firm may scale back service in 34 markets as NASDAQ halted trading at 56 cents a share.

MENTIONED IN THIS ARTICLE

Springfield Teligent Inc Teligent Tita Thompson Thompson Nasdaq Stock Exchange Alex Mandl At&t Mandl Herndon E Spire Communications The Washington Post Vienna Fairfax
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Money United suspends work of merger team

United Airlines has halted the merger integration team as it prepares for the first 100 days of expanded operation while awaiting a DOJ decision on its $4.3 billion Arlington acquisition. Regulators’ antitrust concerns and economic factors cloud the largest airline merger to date.

MENTIONED IN THIS ARTICLE

United Chicago Arlington Sed US Airways United Airlines Andy Plews DOJ Department of Justice Chris Bowers North America Elk Grove Village Ill
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Also Mentioned on This Page

Dow Jones Industrials United States University of Michigan Labor Department Commerce Department IBM Amtrak Washington Health and Human Services Tommy Thompson Transportation Norman Y. Mineta Wisconsin Bush White House Senate Charles Grassley Iowa Senate Finance Committee Grassley Finance Committee Max Baucus Montana Treasury Roland’s, Inc Glenwood Allison Ewell School Road ST At Alden McClung Leivasy Lotena Y.com Mercer County Bluestone Health Association, Inc Purdich Medical Center Mercer County Board of Health WS Dewr Bureau For Public Health Office of Maternal, Child and Family Health Mary Babb Randolph
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