WV stock index turns 10 - Beckley, Bluefield & Lewisburg News, Weather, Sports

WV stock index turns 10

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  • 'Downtown Wheeling Inc.' Changes Name, Still Has Same Goals

    'Downtown Wheeling Inc.' Changes Name, Still Has Same Goals

    Thursday, August 21 2014 3:16 PM EDT2014-08-21 19:16:18 GMT
    One popular organization in Wheeling has changed their name. "Downtown Wheeling Inc.," will now be known as "Reinvent Wheeling." The group hosts many events in the Wheeling area such as the Wine and Jazz Festival, the Big Ideas Speaker series, and First Fridays. According to Reinvent Wheeling member Jake Dougherty, the name change is intended to reflect the organizations efforts to revitalize the downtown area. He said, "We were looking for a name that really expresses what was happening in d...
    One popular organization in Wheeling has changed their name. "Downtown Wheeling Inc.," will now be known as "Reinvent Wheeling." The group hosts many events in the Wheeling area such as the Wine and Jazz Festival, the Big Ideas Speaker series, and First Fridays. According to Reinvent Wheeling member Jake Dougherty, the name change is intended to reflect the organizations efforts to revitalize the downtown area. He said, "We were looking for a name that really expresses what was happening in d...
  • US existing home sales rise for 4th straight month

    US existing home sales rise for 4th straight month

    Thursday, August 21 2014 10:33 AM EDT2014-08-21 14:33:29 GMT
    Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.
    Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.
  • 2014 West Virginia Broadband Conference highlights NTIA grant

    2014 West Virginia Broadband Conference highlights NTIA grant

    Wednesday, August 20 2014 3:13 PM EDT2014-08-20 19:13:42 GMT
    At the West Virginia Broadband Conference: Investing in the Future, at the Charleston Mariott Town Center Aug. 19, presenters highlighted the multiple sectors in the Mountain State's 11 planning and development regions that received monetary funds through a grant by the National Telecommunications and Information Administration of the United State Department of Commerce.
    At the West Virginia Broadband Conference: Investing in the Future, at the Charleston Mariott Town Center Aug. 19, presenters highlighted the multiple sectors in the Mountain State's 11 planning and development regions that received monetary funds through a grant by the National Telecommunications and Information Administration of the United State Department of Commerce.

The West Virginia Stock Index, which has tracked the top 25 publicly traded companies that operate in West Virginia, is marking its 10th anniversary.

The Center for Business and Economic Research started the West Virginia Stock Index as a method to track the financial performance of the dominant publicly traded firms that operate in the state. It's updated weekly and available at marshall.edu/cber. 

The West Virginia Stock Index is weighted by the number of employees and accounts for more than 60,000 workers in the state.

The current index includes WalMart, Alpha Natural Resources, Kroger, Consol Energy, Patriot Coal Corporation, Lowe's Companies, Mylan Incorporated and American Electric Power along with 17 other companies.

"The index allows for the comparison of the performance of dominant firms in West Virginia to the DOW Index, one of the best-known market indicators," said Christine Risch, director of resource and energy economics at CBER. "The Dow is comprised of 30 ‘blue chip' firms outside of the utilities and transportation sectors."

Risch said currently only WalMart and DuPont are components of both the West Virginia Stock Index and the Dow.

CBER indicated it would continue the index and would modify the makeup of the firms to reflect changing levels of employment in the state.