Friday, January 07, 2000

TRISTATE MARKET SPOTLIGHT

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Owners of P&G shares smiling

        Shares of Procter & Gamble Co. gained $4.75, or 4.6 percent, to close Thursday at $107.88.

        Stock in the Cincinnati-based consumer products giant traded as high as $109.43 3/4 Thursday.

        P&G, the Tristate's largest employer, was raised to “strong buy” from “accumulate” by analyst Constance M. Maneaty at Prudential Securities. She expects the stock to reach $123 within a year.

        More than 3.26 million shares changed hands Thursday, compared with the 13-week average daily trading volume of nearly 2.04 million.

       

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Developer pitches site to Nordstrom
Clinton fights cyber-terrorism
Holiday spending eased via Internet
Retailers had merry season
SDRC acquires two related firms for $12M
New-home sales fall, as prices climb 5.3%
New marketing firm speeds growth plan
TRISTATE BUSINESS SUMMARY
INDUSTRY NOTES: MANUFACTURING
PEOPLE ON THE MOVE
TRISTATE MARKET SPOTLIGHT