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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
May 31, 2000
Page
5
Closing price quotations provided by Ron Campbell Investment Planning and Raymond James Financial Services. Details include NASD SIPC member status and contact information.
Triad Broadcasting Company L.L.C. of Monterey California will purchase 15 middle market radio stations from Adventure Communications Inc of Bluefield bringing Triad to 42 stations. The deal includes nine Bluefield stations and six in the Hilton Head Savannah market with FCC approval and other closing conditions expected by Q3.
Wall Street opened after Memorial Day with a broad rally led by tech and telecom shares. The Nasdaq jumped 7.9 percent to 3459.48, marking its largest percentage gain and second-largest point gain. Dow rose 228 to 10527, S&P 500 up 44 to 1422.50 as investors hunt bargains amid light trading volume and ongoing rate concerns. France Telecom's $37.6 billion purchase of Orange boosted telecoms, while Sun Microsystems, Cisco, and Intel climbed on upbeat sentiment and analyst praise.
The Conference Board reports its Consumer Confidence Index rose to 144.4 in May helped by steadier expectations after a volatile stock market and six rate rises this year. Analysts had predicted a drop to 136, with April revised to 137.7. David Wyss of S P D R notes that people see the market stabilizing despite declines.
AP reporting from Pocahontas County states prosecutor Walter Weiford was hospitalized with pneumonia, delaying the trial of Jacob Beard for the June 25 1980 murders of Vicki Durian and Nancy Santomero. Judge Charles Lobban sent jurors home and set a Tuesday afternoon hearing on motions and jury instructions.
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