Dow Jones at 11 am records 10930.60 after rise
At 11 a.m. the Dow Jones average stood at 10,930.60, up 43.27 from this morning's opening. The snippet notes a morning rise and current index level.
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Newspaper
Garden City Telegram
Location
Garden City, Kansas, United States of America
Date
Feb 01, 2001
Page
1
At 11 a.m. the Dow Jones average stood at 10,930.60, up 43.27 from this morning's opening. The snippet notes a morning rise and current index level.
Kansas today features a few flurries and mostly cloudy cold conditions with highs from 25 to 35 in the north and 35 to 40 in the south. Tonight will be clear and very cold with lows near zero to the north and teens in the west. Friday becomes partly cloudy in the east and sunny in the west with highs around 30 in the northeast to the mid 40s in the west.
The Telegram provides access to local news sports and editorials via its internet site www gctelegram com. Readers can find updated stories, community briefs, and quick scores through the online portal hosted by the newspaper.
The Federal Reserve pledged a rapid and forceful response and reduced the federal funds rate by half a point to 5.5 percent marking the second cut in three weeks. Wall Street showed muted reaction with the Dow up 6.16 and Nasdaq down 65.62 as profit taking followed the earlier surprise move.
Heritage Healthcare Management Inc of Cleveland Tenn is in the process of buying Evergreen Gardens in Garden City from Brooks Development Inc of Wichita. Judy Cloud says talks have progressed with no definite closing date soon. Heritage also owns a facility in La Junta Colo and aims to fix alleged issues with new policies.
Victor Romero received 155 months for the April 16 murder of Jose Perez and the shooting of Armando Rincones after entering an East U S Highway 50 apartment with unknown men. He was convicted in November of second degree murder aggravated battery aggravated assault criminal discharge of a firearm into an occupied dwelling and criminal property damage. Perez and Rincones were present with friends in the apartment.
In Topeka the Senate Taxation and Assessment Committee opened debate on reauthorizing Kansas public education property tax levy at 20 mills and considering a cap that would limit revenue to the current year's level. Sen. Stan Clark argued for withholding extra funds, while the panel did not vote.
In Topeka legislators weigh wind energy and city actions to ease high gas bills. House Utilities Chair Carl Dean Holmes says options aim at short and long term relief as prices have surged. The Senate and House committees gather ideas, some opposed by the League of Kansas Municipalities.
A Kansas AP report outlines House and Senate Utilities committee ideas to cut gas costs. Proposals include tax credits for renewables, incentives for wind powered schools, building energy efficiency, a state energy office, and urging federal policy changes. Environmentalists oppose coal incentives. officials note higher city revenues from franchise fees.
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