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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
May 28, 2003
Page
8
Fragmentary market notes appear with numeric sequences and stray terms, lacking clear company names dates or events. The readable portions do not form a coherent summary of market activity or specific transactions.
Wall Street rose on a pair of encouraging reports with the Nasdaq at its best level in nearly a year and the Dow up about 180 points. The Conference Board said consumer confidence rose to 83.8 in May from 81, and new home sales jumped 1.7 percent to a seasonally adjusted rate of 1.03 million, signaling early signs of recovery amid choppy trading.
United States Steel Corp announces an asset purchase agreement to sell USM assets to PinnOak Resources LLC. The deal covers the Pinnacle No 50 mine complex near Pineville West Virginia and the Oak Grove mine complex near Birmingham Alabama. Financing and standard conditions apply with completion expected in June.
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