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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
May 15, 2001
Page
8
The Dow Jones Industrial Average stood at 10,877.33 on May 14 2001, showing a 0.52 point change from the previous close in a brief market update.
First Community Bank officials broke ground on their Athens branch the bank's 24th West Virginia facility and 34th location overall. President Robert Buzzo and Gary Mills joined local leaders to celebrate, noting local management and decision making will suit Athens customers. The Athens branch, opening late summer 2001, will be managed by Lynn Mayberry, with 15 years of banking experience.
Blue chips rose modestly while tech stocks fell on a muted Monday as investors awaited the Federal Reserve decision. The Dow gained 56 points to 10,877, the Nasdaq fell 25, the S&P 500 edged up, and NYSE/Nasdaq volume marked the year's slowest trading day amid rate-cut doubts.
Cincinnati AP report notes management warned about replacement costs, Delta Air Lines says 60 of 110 Comair aircraft offered to keep regional flights. Industry analyst says replacing pilots is costly, unions push for better pay and benefits, strike now in its first since 1977.
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