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Newspaper
Register Herald
Location
Beckley, West Virginia, United States of America
Date
Oct 06, 1998
Page
19
New York The Dow Jones industrial average rose from an afternoon drop but finished 58.45 lower at 7726.24 after dipping to 7551.94. Nasdaq slipped nearly 5 percent as traders awaited actions from leading nations amid ongoing economic turmoil.
A garbled list of dividend stocks shows varied last prices and footnotes. Names include AFLAC ATaT Amgen Avall, Alltel, Alcoa, American Chains, Chevron, Coca Cola, Exxon, Ford, Nike, NBC and others with fluctuating changes. Reference data covers many corporate tickers, with mixed percentages and fractions.
The Justice Department joined a Montana whistleblower case accusing Columbia/HCA and Quorum Health Group of submitting false Medicare claims to obtain funds. The civil suit, dating to 1993, seeks treble damages and civil penalties while a parallel criminal probe targets four midlevel Columbia managers tied to $2.8 million in alleged inflated claims.
The FCC will seek public and industry comment on access charges paid by long distance firms to local carriers. Fees total about 23 billion dollars and make up roughly 40 percent of the average 22.50 dollar monthly residential long distance bill. Regulators may decide on further reductions. a hike is unlikely. Local firms warn cuts could hit network investment. BellSouth urges balance as rural and high cost areas share the burden.
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