Market posts 16 point loss on inflation and profit taking
NEW YORK AP reports the stock market fell amid mixed earnings, with the Dow Jones industrials down 16 points and the transport average slipping. Volume declined as traders booked profits after a rally, led by Xerox and Eastman Kodak, while American markets and NASDAQ showed mixed moves.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Dow
Dvanke
Byad
Sid Ralph Apempers
Harvia, Upham & Co
Zerox Carpi
Enalman Keelak
Gis
Upjohn Co
Kefox
Upiol
Eastman Kodak
American Stock Exchange
Houston Oild& Minerals
Franklin Corp files for voluntary bankruptcy in New York
Franklin Corp the parent of Franklin National Bank filed a voluntary bankruptcy petition in federal court in New York City on Wednesday. The filing approved by the board lists 77 creditors with no dollar amounts for assets or liabilities.
MENTIONED IN THIS ARTICLE
New York
Franklin
New York City
Wweinsalyent
Frankelin National Bank
Herve
Franklin Board
Insolvency creditors cited in bank bankruptcy filing
Investment trusts of the bank were the largest asset as Franklin National Bank faced insolvency. European American Bank & Trust Co acquired most assets and liabilities. The Federal Reserve Bank of New York and the SEC were among creditors cited. An SEC spokesman suggested the debt related to registration and filing fees. A Fed spokesman said they were unaware of any debt.
MENTIONED IN THIS ARTICLE
Wolding Company
Mnst
Assata
Prankin Natonal Bank
Europeans American Bank & Trst Ch
Feiferdl Reserve Bank of New York
Securities and Exchange Commission
Periop
SEC
Fed
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Levy Beathy
BSSU
Bwisco
Andres
Renan Grange
Saas
Lesan
Lesniete
Anebey
Garlock
Pelmac
Mirlies
Baker
Laelons
Pitas
Giatine
Mike
Eas
Beametract
Ntignah
Ieee
Badep
Gtr
Farsi Ag
Genesee
Goltys
WeowAla
Ceuta
ENN Teton
Phateae Ee Ieee
Grayord
Foderirae Sia ‘ & Simepieds
Afal
Teneyi Ei Guo
Sanity National Foran Et
Hest
Sian
Lip
Roehir Group
Reig
Orinamens
Poe
Uae
Aerate
Reooltzs
Barry Wee
Bas Samet
Bam
Rita
Ian
Bersars
Vornazs
Bataan
Salem
Dan Erg
Walear
Goa
Rio
Bea
Cassie
Fanner
Joneses
Wilnion Anneal
Annaan
Crete
Franklin Corp
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