Blue chips rise on merger news. tech shares fall
Wall Street gains led by blue chip stocks after Citigroup announced a $31.1 billion stock deal to acquire Associates First Capital, boosting consumer lending expansion. Associates jumped nearly 40 percent while Citigroup slid. Dow up 83.98, Nasdaq down 90.46, S&P off 8.03. Labor Dept reports productivity up 5.7 percent in Q2, unit costs down 0.4 percent.
MENTIONED IN THIS ARTICLE
RON Campbell Investment Planning
Raymond James Financial Services
SIPC
Abbott Labs
Allegheny Electric
AFLAC
SBC Communications
At&t Corp
AM. Water Works
Anheuser-Busch
Apple Computer
IND. Tech
Arch Coal
Ashland Oil Inc
BP Amoco
Baker-Hughes Inc
Constell Energy
Bank OF America
Verizon
Bellsouth Corp
Bethlehem Steel
Boeing CO
Viacom
Cabot Oil & Gas
Carolina Power
Chevron Corp
Chubb Corp
Citizens Utilities
Coca-Cola CO
Suntrust
CSX Corp
CVS Corp
Daimlerchrysler AG
DTE Energy
Dominion Res
Eastman Kodak
Emerson Electric
Ethyl Corp
Exxon Mobil
First Union Corp
1St Virginia Bank
Flowers Industries
FMC Corp
Delhaize America
Ford Motor CO
GEN. Electric CO
GEN. Motors Corp
Georgia Pacific
Gillette
GLAXO
Goodyear Tire
Hercules Inc
Humana Corp
IBM Corp
Ingersoll Rand
Intel Corporation
K-Mart Corp
Kroger CO
Lowe's Cos
Lucent Tech
McDonald's Corp
Merck & CO. Inc
Mylan Labs
Nash Finch CO
Navistar Int'l
Nike, Inc
Norfolk Southern
Occidental Pete
BB &T
J.C. Penney CO
Pennzoil CO
Pepsico Inc
PECO
Philip Morris Cos
Phillips Petroleum
Pittston Brinks
Potomac Elec
PWR
Praxair, Inc
Reebok Int'l
Sherwin Williams
Shoney's
Southern CO
Tenneco Inc
Texaco Inc
TRI Continental
Union Carbide
Union Pacific
Unisys Corp
Universal Corp
Usair Group
USX
Marathon Oil
U.S. Steel
Wal-Mart
Walt Disney CO
Wendy's Int'l
Westvwaco Corp
Williams Companies
Valley Natural Gas
XEROX
DOW Jones Industrial
New York
U.S
Wall Street
Standard & Poor
Citigroup
Associates First Capital
Japan
Labor Department
ABB to sell Bland air switch unit to Pascor Atlantic
ABB Power T&D announced a letter of intent to sell its Bland Bland air disconnect switch business to Pacific Air Switch Corp of Forest Grove Oregon. The sale, expected to close in early October, affects about 35 Bland employees. Pascor Atlantic will run the operation with Bill Hale becoming president.
MENTIONED IN THIS ARTICLE
Bland
ABB
Asea Brown Boveri
Power T&d Company, Inc
U.S
Pacific Air Switch Corp
Forest Grove
Ore
Portland
ABB Power T&d Company, Inc
Raleigh
N.C
Bill Hail
Hale
Pascor Atlantic
Pascor
Also Mentioned on This Page
Pascol
Bill Archer
The
Daily Telegraph
Hail
Pascal Atlantic
ABB Air Switches
Cellular One
Lastic
Reccal
Jager
Daniel E. Speilman
American Board of Plastic Surgery
Lewisburg
Surgery.com
Spellman
Seth D. Jennings
Mercer County
Ret
Nokia
Cellular
Beckley
Harper Ro
Rica
East Main
Aaa
Stafford
Bluefield Mercer Mall
Bluefield
Peer Ler
UTC