U.S. economy shrinks 2.8 percent in first quarter 1991
The government reports the recession deepened to a 2.8 percent annual rate in Q1 1991, with declines across consumption, investment, and government spending. Analysts differ on timing of a bottom, while inflation measures show a higher GNP price index. Exports held, imports fell, and housing slumped amid the downturn.
MENTIONED IN THIS ARTICLE
Washington
United States
DRI
McGraw-Hill
Lexington
Mass
National Bureau of Economic Research
Bush Administration
Federal Reserve
Commerce Department
Fed
Robert G. Dederick
The
Northern Trust Co
Chicago
Tokyo Nikkei gains 84 points as dollar slips against yen
Tokyo share prices rebound from a two day slide with the Nikkei 225 rising 84.82 points to 26,123.68. The dollar ends at 137.83 yen, down 0.04 from 137.87.
MENTIONED IN THIS ARTICLE
Tokyo
Bank Maryland posts first quarter loss for 1991
Towson based Bank Maryland Corp reports a first quarter loss of 165000 dollars or 8 cents per share versus 132000 dollars or 6 cents in the prior year. The firm has not recorded a profit since its 1987 formation. Bank of Maryland operates 13 branches statewide serving mainly small businesses.
MENTIONED IN THIS ARTICLE
Towson
Bank Maryland Corp
Bank Maryland
Bank of Maryland
Market Down As Trading Slows In Gloomy Session
The Dow fell 8.66 to 2912.38 in an erratic Friday session amid weak economic outlook. NYSE trading volume was 153.86 million shares. 672 issues rose, 859 fell, 516 unchanged. NASDAQ slid to 494.64. Alex Brown reported record quarterly revenue and earnings per share gains for Q1.
MENTIONED IN THIS ARTICLE
Dow Jones
NEW York
Alig Pwr
ATT
Avemco
Baltge
Bell Atl
He Black Dr
C&S/Sovran
Citizens Bank
CSX Corp
Comsat
Exxon
Fcnb Corp
F&m Bancorp
First Bank of Fred
Frederick
Ac Trading Co
General Motors
Giant Foods
GTE Corp
Hech B
New York Stock Exchange
FCNB Reports Earnings Rise Amid Strong Asset Growth
FCNB Corp the parent of Frederick County National Bank reports assets at 293 million an 8.39 rise from 270 million in prior year first quarter net income 877 000 up 3 17 from 852 000 earnings 48 cents a share up 1 cent from 1990 quarter dividend 12 cents per share declared A Patrick Linton president and CEO credits strength during recession and growth as a sign of soundness and safety.
MENTIONED IN THIS ARTICLE
FCNB
Frederick County National Bank
Fcnb Corp
A. Patrick Linton
Linton
Also Mentioned on This Page
U.S
Bush
Michael R. Darby
Bruce Steinberg
Merrill Lynch Capital Markets
Lawrence Chimerine
IBM
Kmart
Litton
Lowes
Loyola Corp
Marriott
MNC
Mercantile Bankshr
Moore Corp
Penney
Potom el
Sears
Wash Gs
Whittaker
Ferris, Baker Waits, Inc
Ed Waters Jr
Frederick Motor Co
Waverly Drive
Ford Motor Co
John Warfield
Pat Hoye
Don Minogue
Wilshire Associates
NYSEH
Standard & Poor
S&p
Alex. Brown Inc
Baltimore
Fane Mr
Rossogo
Pollars
National Bank
F&m
MOS Fem
FDIC
Brunswick
Brunswick Heights
Damascus
Mmmisburg
Hrederik — Corporate
Azets
Farmers
That
Mall
Lighthouse Point
Liberyteen
Mt Airy
New Market
Thurmont
Walkersalle
Fountain Rock
Charles J. Givens
Local Money Strategies
Don & Kay
Ron Jim
Carol
Holiday Inn
Francis Scott Key
Independent Representatives
MT. Airy Frederick -Hagerstown
the Bank OF Brunswick
A.P.A
W. Potomac St
Ank
Runswick
Lander Rd
Jefferson Pike
Jefferson, MD
Phaes
FLD
1.C
Bowis Drive
Point of Rocks
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