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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
May 25, 2000
Page
5
Investment planning and Raymond James services provide market quotations. Ron Campbell offers guidance under NASD and SIPC compliance. Contact details include (304) 325-7334 for financial planning support.
The Nasdaq gains 106.06 to 3 270.61 led by blue chip tech firms as investors hunt bargains after a five day decline. Dow up 113.08 to 10 535.35, S&P 100 up 25.19, Russell 2000 up 2.73. volume 2.05 billion. Cisco and Applied Materials rise as market recovers from past losses.
United Airlines bids $4.3 billion to acquire US Airways, risking antitrust scrutiny and a possible bidding war. Analysts warn higher fares and labor risks if regulators approve the merger, which would create the world’s largest carrier and reshape East Coast flights. DC Air would be launched with Reagan National operations sold to Robert L. Johnson to placate regulators.
U S District Judge Thomas Penfield Jackson ordered the Justice Department to revise its breakup plan within two days after a hearing on antitrust actions against Microsoft. A three company split was considered, including one for Internet Explorer, with a decision after the government’s revision and Microsoft’s response.
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