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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
May 31, 2001
Page
5
May 30 2001 Dow Jones indicators summarize stock notes with references to U.S. market activity. Mentions mutual funds and redemption concepts, with notes on shares, prices, trading, and distribution terms. Source: The Associated Press. Sales figures are unofficial.
Worries about technology earnings on Sun Microsystems trigger a broad stock retreat in New York. The Nasdaq falls over 4 percent and the Dow declines about 166 points as investors fear the spring rally may have been premature and profit growth may stall.
The FTC concluded certain Amazon and Alexa Internet practices likely violated Section 5 by secretly sending user data to Amazon. It won't enforce action since Bubbles is defunct and Alexa updated its privacy policy. The decision cites a related class action settling for deletion of collected data and prompts calls for a privacy audit.
Wachovia and First Union revise a merger component to reduce shareholder distractions while SunTrust pitches its unsolicited bid. Shareholders weigh bids ahead of Wachovia's August meeting in Winston-Salem, with stock moves showing gains for Wachovia and SunTrust and a small dip for First Union. SunTrust chairman Phil Humann says no plan to raise the offer.
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