Tech stocks boost Nasdaq as upgrades lift market
Tech shares led a Wednesday advance with the Nasdaq rising as Merrill Lynch upgrades and analyst bets buoyed the sector. Texas Instruments, Applied Materials, Nvidia equivalents, and Micron climbed while the Dow dipped on profit taking. Global markets showed mixed gains with Japan and Europe higher despite cautious signals from U.S. data.
MENTIONED IN THIS ARTICLE
New York
AP Teshineins
Wan
Meri Lith
Buns Tesa Os
Ahaa Co
Texas Instruments
Merril Lenehs
Standard & Poor
Abby Joseph Cohen
Wall Street
Goldman Sachs
Dow
S&p
Ms Cohen
CNBC
Merril Lynch
National Association of Purchasing Management
Merrill Lynch
Priceline.com
Grain and soy futures slip on improving weather forecasts
Chicago Board of Trade prices retreat as forecasts for milder weather ease worries. Soybeans drop after a volatile week with lingering effects from earlier heat concerns, while corn falls in step. Wheat declines on weather expectations and strong spring wheat crop tour yields. Livestock mostly higher with gains in live cattle, feeder cattle, lean hogs, and pork bellies.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Dodge vehicles recalled over steering wheel fault
DaimlerChrysler recalls about 216,100 Dodge Dakota Durango and related models for steering wheel fault that can disable the driver air bag and trigger warning lamps. Other recalls include Kia Optima and Audi A6. Volkswagen reports profits up 30 percent with $731 million in the period. Honda posts 40 percent rise in quarterly net income to $715 million on 14 percent sales gain.
MENTIONED IN THIS ARTICLE
Washington
Daimler- Chrysler Corp
National Highway Traffic Safety Administration
Volkswagen
Honda Motor Co
Honda
GenVec Reports Quarterly Loss In Gaithersburg
GenVec Inc reports a second quarter net loss of 3.757 million dollars or 23 cents a share, vs 2000s 220 thousand profit. Six months show a 7.033 million loss or 39 cents per share, against a 2.116 million loss last year. Revenue for the quarter is 2.038 million, down from 5.19 million. six months revenue is 4.075 million, vs 8.537 million prior year. Operating expenses rose to 6.202 million in Q2 from 5.059 million a year earlier.
MENTIONED IN THIS ARTICLE
Genvec Inc
Gaithersburg
GenVec
Oe Company
Allfirst reports higher net income and growth
Allfirst Financial Inc. reported net income of 97.4 million for the half year ending June 30, up from 92.0 million in the prior year. Quarterly net income was 51.6 million, a 10 percent rise from the same quarter in 2000, with total revenues up 5 percent and deposits up 2 percent on an annualized basis. Asset quality improved as nonperforming assets fell by 21 million since December 31, 2000 to 0.82 percent of loans and OREO.
MENTIONED IN THIS ARTICLE
Allied Irish Banks
P.lc
U.S
Allfirst Financial Inc
All First
Com Poxwe
Classic Cigars Moves Downtown to Bigger Frederick Corner
Classic Cigars and British Goodies relocate from 149 N Market St to 153 N Market St in downtown Frederick. The larger space aims to showcase more items, including beer, food, batteries and cameras, with customer suggestions guiding stock. Owner Joe Cohen, who also runs a Virginia store, urges longer hours to boost foot traffic.
MENTIONED IN THIS ARTICLE
North Market Street
Frederick
N. Market St
N. Market
Chris Weaver
Weaver
Brandon Barr
Ars
Market Street
Barr
Joe Cohen
Cohen
Creager Furniture joins Maryland Relay Partner Program
Creager Furniture in Thurmont joins Maryland Relay Partner Program to reach an estimated 500000 additional Maryland customers. Owner Jackie Butler explains the free Relay service helps deaf and hard of hearing customers, with on site training and materials to initiate and receive calls.
MENTIONED IN THIS ARTICLE
Creager Furniture
Thurmont
Maryland
Jackie Butler
Bryan
Ms. Butler
Baris Relay
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