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Newspaper
New Castle News
Location
New Castle, Pennsylvania, United States of America
Date
Aug 14, 2000
Page
8
PNC Bank announces renewal of exclusive loan origination and servicing for the National Cooperative Services Corp EC Home Improvement program. NCSC backs rural cooperative electric utilities offering low interest loans to upgrade cooling and heating systems to boost home energy efficiency.
Nova Chemicals Corp says it will amend its buy back to purchase eight million shares instead of five million. The bid began February 28 and runs through next year. By August 3 it had acquired over four million shares. Alcoa renews Pittsburgh office lease
Kendall-Jackson official Jim Caudill denies a deal with Beringer and shots down rumors of a KJ Mondavi tie up. Beringer confirms acquisitions as growth strategy while executives avoid specifics. Industry analysts say global competition fuels consolidation as California wineries push regional brands into international markets.
The figures come from the New Castle office of Parker Hunter Inc. at 10 16 a m today and list over the counter stock bid prices for reference.
Inflation at the wholesale level stayed unchanged in July as energy prices fell, easing earlier fuel-driven surges. Retail sales rose 0.7 percent led by autos and big-ticket items, keeping Fed rate expectations on hold amid steady core inflation and improved consumer buying.
Trans World Airlines begins service with Embraer 145 regional jets to expand into smaller markets and boost profit. Over the next year 14 more regional jets will enter service as TWA plans to grow its regional fleet to over 30 planes in two years. Analysts say regional jets attract business travelers and offer higher margins, feeding hubs and linking markets unable to support larger jets.
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