Biz briefs, April 6, 2007
Apr 5, 2007 at 10:45 AM
Wall Street edges higher ahead of break
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NEW YORK - Wall Street ended a winning, holiday-shortened week with a quiet advance Thursday as investors awaited the release of March employment figures and remained cautiously optimistic after their recent buying streak. There was a subdued tone to trading Thursday as investors adjusted portfolios ahead of a three-day weekend; the stock market is closed for Good Friday. The Dow rose 30.15, or 0.24 percent, to 12,560.20. Broader stock indicators also made gains. The Standard & Poor's 500 index rose 4.39, or 0.31 percent, to 1,443.76, and the Nasdaq composite index advanced 12.65, or 0.51 percent, to 2,471.34. For the week, the Dow rose 0.78 percent, the S&P 500 gained 1.8 percent and the Nasdaq composite index advanced 2.3 percent. Bonds fell ahead of the employment report; the yield on the benchmark 10-year Treasury note rose to 4.68 percent from 4.65 percent late Wednesday. The bond market will be open for an abbreviated session Friday. The dollar was mixed against other major currencies, and sank to two-year lows against the euro ahead of the long weekend and amid concerns about interest rates. Gold prices rose during the session. Oil prices settled down slightly a day after a modest ease in global political tensions. Advancing issues outnumbered decliners by about 5 to 3 on the New York Stock Exchange, where volume came to 1.25 billion shares compared with 1.4 billion shares traded Wednesday. The Russell 2000 index of smaller companies rose 2.56, or 0.32 percent, to 813.35.
Med school ranks No. 3 in rural medicine
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JOHNSON CITY - The March 30 online issue of U.S. News & World Report lists the James H. Quillen College of Medicine at East Tennessee State University as No. 3 in the nation for rural medicine. The listings were published online in the "America's Best Graduate Schools" edition and will be available on newsstands this week. "The Quillen College is highly respected nationally as one of the best for preparing physicians who will practice in rural underserved areas, as evidenced by these rankings which are determined through surveys sent to medical school deans and senior administrators across the country. We are honored," said Dr. Philip Bagnell, ETSU dean of medicine. Bagnell added that ETSU has consistently ranked high in U.S. News for rural medicine during the past several years.
Absolute Communications wins awards
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KINGSPORT - Absolute Communications recently earned two awards from the Service Industry Advertising Awards for creative excellence. Absolute received a Silver Award in the Calendar category for the 2007 Greenbelt calendar, a collaborative effort with the Kingsport Parks and Recreation Department. The second award was a Merit Award in the Publications/External category for work with the East Tennessee State University Alumni Association on the fall 2006 issue of ETSU Today magazine, which goes to all ETSU alumni. "These awards demonstrate our firm's commitment to providing world-class design and marketing services to our customers," said Carolyn Pierson Cook, president of Absolute Communications. A national panel of judges evaluated and rated the entries on execution, creativity, quality, consumer appeal and overall breakthrough advertising content. Absolute Communications is a full-service advertising and marketing firm in Kingsport. Founded in 1993. its clients include health care, home improvement products, banking, human resource services and manufacturing.
McCollum Enterprises promotes Crump
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BLOUNTVILLE - Kirk Crump recently was promoted to vice president of operations for McCollum Enterprises. McCollum is composed of Culligan of the Tri-Cities in Blountville; Culligan Bottling of the Tri-Cities, Blountville; The Water Professionals, Knoxville; and Culligan of the Piedmont, Greenville, S.C. Crump will be responsible for the day-to-day operations of each company. Crump joined Culligan of the Tri-Cities in 1988 as a residential equipment installer. He has held other positions with the company including service technician, service manager and operations manager. Culligan, locally owned by Bob and Barbara McCollum, provides water treatment equipment and service for industrial, municipal and residential customers as well as manufacturers. It also delivers three- and five-gallon bottles of water to businesses and homes throughout East Tennessee, Southwest Virginia, Western North Carolina and South Carolina.