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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jul 16, 1996
Page
3
AP analysis explains how a 5.3 percent June jobless rate sparked stock market jitters and rising rate fears. It notes consumer spending weakness, rising credit card delinquencies, and June sales slipping 0.2 percent while retail hiring slowed.
Microsoft signs a letter of intent to sell its Canyon Park production facility in Bothell to Kao Infosystems of Plymouth Massachusetts. The deal keeps plant workers employed under a three year software manufacturing contract while Kao expands its West Coast operations. Government approval is required and closing is expected in early August.
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