Rocky Mount Telegram from Rocky Mount, North Carolina • 5

Rnrku Mnnnt Nfr TelAnram Thursday. June 9. 1994- BUSINESS Broadcast company changes its name 6) BOWIE MARTIN COLUMNIST Citicasters operates 14 radio stations, including 10 FM and four AM stations, and six network-affiliated television stations in metro markets around the nation. The company said in May that it is selling four of its television stations to reduce its debt and concentrate on expanding its radio group. The deal awaits Federal Communications Commission approval, company spokeswoman Anita Wallgren said Wednesday.

CINCINNATI (AP) Great American Communications Co. said Wednesday it has changed its name to Citicasters Inc. effective immediately. The move affects a North Carolina television station. The company said its new name more clearly describes the company's business: radio and television broadcasting in metropolitan markets.

The company said its common stock is now trading over the counter on the NASDAQ exchange under the symbol "crn." if oclcs Tin niiiriiii I niiniiinii limit', ir. jii i 11 1 mi iiinni i .1 im nflii nil- irm mi.r i.uiiiiiia ii.m ti.hiimiv rn 1 I WW if The reason more people are turning to Nationwide Nationwide's superior claims service makes our auto and homeowners coverages such great values. 24-hour, toll-free claims number Fast, fair service from our team of highly qualified adjusters Our Blue Ribbon Claims Service Guarantee to repair or replace damaged items to your complete satisfaction 1 iPW'-" v-ifW? Ins higher Volume throughout the week was light, suggesting an early onset of a summer slowdown. The Dow Jones Industrial Average rose 15.08 points to end the week at 3772.22, up 0.4 percent. U.S.

stocks closed up higher on the week, mostly due to Friday's 13.23 gain. For three days, the Dow Jones Industrial Average closed up or down by less than three full points. Most other broad measures showed throughout the week was light, suggesting an early onset of a summer slowdown. On the New York Stock Exchange this past week, advancing issues fed declining ones with 1,560 issues up, 978 issues down and 393 unchanged. Average daily volume on the NYSE was more than 312 million last week versus 298.1 million trading the week before.

A total of 101 stocks rose to new highs while 113 fell to new lows. The transportation average fell 4.42 points to 1618.41, while utilities gained 0.33 point to close at 187.06. The NASDAQ Composite was up 9.24 points to end the week at 742.38, and the 500 closed at 460.13, advancing 2.80 points. Economic news Friday's report on unemployment showed that the U.S. jobless rate fell sharply last month, from 6.4 to 6 percent, the lowest reading since the economy began slipping into a recession in late 1990 and indicating that the economy continues to pick up steam.

A Coy Fisher Milton Parker 154 N. Winstead Ave. 1400 S. Church St. Rocky Mount Rocky Mount 443-6116 446-1119 MY Vi3 (vfgf Ernie league Rebecca Parks Val Winstead 3300 Sunset Ave.

St. 1167 N. Wesleyan Blvd. 2803 Sunset Ave. Rocky Mount Rocky Mount Rocky Mount on? a 443-48! j.

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