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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Sep 07, 2000

Page

5

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.

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.

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

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