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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jan 06, 2001
Page
1
The Odessa American reports a blood drive hosted by the Odessa American and United Blood Services at Music City Mall grand stage area from noon to 6 p.m. Sunday. Donors receive T-shirts while supplies last. Participants must show ID, be at least 17, weigh 110 pounds, and be in good health. Call 561-5539 for details.
George magazine founded by John F. Kennedy Jr. will publish a March farewell issue as a tribute to Kennedy. Hachette Filipacchi Magazines says it invested over 10 million dollars this past year and will sever all 39 staffers with severance packages as the publication nears shutdown after Kennedy’s death.
The Dow fell 250.40 points to 10,662.01 amid a broad selloff sparked by fears of slower growth. The Nasdaq dropped 159.18 to 2,407.65 and the S&P 500 declined 34.99 to 1,298.35, erasing much of Wednesday’s gains on the Fed rate cut relief.
Governor Perry urged a shift to a student based financial system and a seamless K through college pipeline. He urged mandating the Recommended High School Program and a statewide marketing effort while proposing to double Texas Grant funds and boost college access for Texans.
Montgomery Wards at 3909 East 42nd Street says it will go out of business. Office Depot plans closing 80 underperforming North American outlets, with Odessa and Midland spared from closures.
Office Depot will shut 70 underperforming North American stores to boost profitability, take a fourth quarter charge of 280 to 300 million dollars, and cut more than 1500 jobs. It will exit Boston Phoenix Cleveland and Columbus markets, warning investors of no quick turnaround as fourth quarter same store sales are expected to fall 5 to 6 percent.
In Austin AP reports President elect Bush plans review of Clinton late orders from protecting federal lands to DC statehood license plates. Ari Fleischer says Bush will examine each order, yet undoing rules may be slow or politically costly and could affect his compassionate conservative image as Jan. 20 approaches.
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