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Thursday, January 27, 2000 Page: 7B
Donor seminar scheduled
The Greater Wilkes-Barre Chamber of Business and Industry will be host to a
session for non-profit administrators on how agencies can provide new planned
giving opportunities for donors.
The “Leave a Legacy” session will be Feb. 1 at the Stettler Learning
Center Conference Room of Wyoming Seminary. The fee is $10 for chamber members
and $15 for non-chamber members. It is scheduled from 7:45 to 9:30 a.m.
PP&L lists high earnings
PP&L Resources reported adjusted earnings of $2.35 per share for last
year, 26 percent higher than the similarly adjusted earnings per share of
$1.87 reported a year ago.
The earnings are the highest annual earnings in the company’s 80-year
history.
The company also reported adjusted earnings of 64 cents per share for the
fourth quarter of 1999, 60 percent higher than the 40 cents reported for the
same period a year ago.
Company earnings for 2000 are expected to be between $2.60 and $2.65 a
share, officials said.
Contributing to the growth were a 14 percent increase in electricity
supplied to commercial and industrial customers, lower taxes and fewer shares
of common stock outstanding as a result of stock repurchasing programs.
Microsoft faulted in brief
Even a blizzard that shut down the federal courts didn’t stop the Microsoft
antitrust battle from moving forward as the Department of Justice and 19
states accused the software giant of ignoring the law, the facts and the
court’s findings.
The argument was part of a brief filed in a courthouse closed by more than
a foot of snow. It came in reply to Microsoft’s contention, filed last week,
that the company did not break federal antitrust law.
Even as the paper war heads toward final arguments next month, some
dissension arose in government ranks over remedies, should Microsoft lose the
case.
Reports surrounding the trial have said government officials are in
agreement that breaking up Microsoft was the appropriate way to restore
competition to the computer industry. But Betty Montgomery, attorney general
of Ohio, is leaning against a “structural remedy,” adding it is too soon to
decide remedies, said her spokesman, Todd Boyer.
Most stocks close lower
Stock prices closed mostly lower Wednesday, as cautious investors, fearing
a pending interest rate hike, fled the technology sector despite strong
corporate earnings.
The Dow Jones industrial average closed up 3.10 at 11,032.99, according to
preliminary calculations. Broader stock indicators were lower. The Nasdaq
composite index fell sharply, losing about 100 points.
Market watchers said congressional testimony Wednesday by Federal Reserve
Board Chairman Alan Greenspan gave few signals about the direction Fed policy
makers are likely to take next week.