Dow Edges Higher In Sluggish Summer Trading
The Dow Jones rose 9.99 to 5699.44 amid a calm session as investors awaited the Federal Reserve meeting. Nasdaq drifted lower while energy and gold stocks led gains, and AT&T fell on news a top executive would quit. Overseas markets showed mixed results with Tokyo and Frankfurt up, London down.
MENTIONED IN THIS ARTICLE
Dow
New York
Federal Reserve
Fed
New York Stock Exchange
NYSE
Standard & Poor
American Stock Exchange
Scott Bleier
Charter
Intel
Microsoft
Texaco
Exxon
Chevron
At&t
Alex J. Mandl
Tokyo
Frankfurt
London
Fusion Systems to Sell UV Curing Unit for 121 Million
Rockville based Fusion Systems Corp plans to sell its ultraviolet curing equipment division to Fairey Group plc of England for 121 million dollars. The unit will be renamed Fusion UV Systems and keep 300 employees. The sale funds will help Fusion refocus on semiconductor equipment, which posted 50 million in sales in the first half of 1996. The deal includes a one time gain of 54 million dollars, about 6.60 a share.
MENTIONED IN THIS ARTICLE
Rockville
Fusion Systems Corp
Leslie Levine
Fusion
Levine
BioWhittaker Earnings Rise in Q4 and Nine Months
BioWhittaker in Walkersville reports net income of 1.3 million dollars or 13 cents per share for the quarter ended July 31, 1996, up 7 percent from a year earlier. For the first nine months, net income is 3.6 million dollars or 34 cents per share, up 1.1 percent. Redland Genstar of Hunt Valley acquires all blacktop and paving operations of A. H. Smith Asphalt Paving Co, with facilities in Reckville Brandywine Branchville and Priest's Bridge.
MENTIONED IN THIS ARTICLE
BioWhittaker
Walkersville
Redland Genstar
Hunt Valley
A.H. Smith Asphalt Paving Co
Branchville
Reckville
Brandywine
Priest’s Bridge
T-bills rise as auction yields hit weeks highs
The Treasury sold 12.7 billion dollars of three month bills at an average discount rate of 5.06 percent, up from 5.04 percent last week, and 125 billion dollars of six month bills at 5.13 percent, up from 5.08 percent. The three month rate was the highest since 5.08 percent on Aug 5 and the six month rate the highest since 5.34 percent on July 29.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Black buying power grows as spending shifts in 1995 Chicago study
A Target Market News report finds black households increased spending, led by autos and children’s clothing, raising personal income to 324 billion in 1995. Blacks outspent whites on children’s clothing and home food, while car purchases surged 163 percent to 10.8 billion. Expenditures on travel fell.
MENTIONED IN THIS ARTICLE
Chicago
U.S
Ken Smikle
Target Market News Inc
Smikle
U.S. Department of Commerce
University of Georgia
Grain futures rally seen on Chicago Board of Trade
CHICAGO AP futures trading shows wheat and corn contracts with mixed daily moves on the CBOT. Wheat led gains with the Sep contract around 4.53 per bushel, while Dec and Mar hovered near 4.49 to 4.50. Corn showed small shifts with Sep near 3.62 per bushel and Dec around 3.35. Friday’s sales totaled 13,649 and open interest stood at 65,579 across the grain complex.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Fri
Changes at local CPA firm promote several staff to new roles
Kim Szuhany, CPA, becomes corporate controller at Linton, Shafer & Co. CPAs in Knoxville, tracking financial data and preparing monthly statements and management reports. Joined in 1995 with husband Alan and daughter Alexandra nearby, a George Washington University graduate with distinction. Linda Minnick named network administrator, overseeing performance and upgrades while pursuing Novell CNA designation, living in Middletown with family. Linda Chrisler joins as staff accountant handling client accounting, payroll and Peachtree software. Hood College graduate from Rockville, spouse Andy and son Jeff reside in Frederick. Frankie Corsi promoted to staff accountant II in Frederick office. Mount St Mary’s College graduate, former 1995 hire, resident of Hagerstown. has done nonprofit audits, financial institutions work, and tax preparation for individuals and firms.
MENTIONED IN THIS ARTICLE
Kim Szuhany
CPA
Linton, Shafer & Co
Cpas
Knoxville
Alan
Alexandra
George Washington University
Linda Minnick
Middletown
Linda Chrisler
Peachtree
Hood College
Rockville
Andy
Frederick
Jeff
Frankie Corsi
Mount St. Mary's College
Hagerstown
Also Mentioned on This Page
Larry Wachtel
Prudential Securities
Giant Foods
Dow Jones Industrial
Hech B Corp
Kmart
Ta Life Tech
Alpha Ind
Lockheed
Altimax
Dh Lowe
Marriott
Tik Avemco
Mercantile BioWhittaker
Ankshr
Unwigd Nations Bank
Citizens Bank
Mvryan
Jcpenney
Coca Cola
Pepsico
Comsat
Potom el
Crestar
Sears
Amer
Fcnb Co
Ie Wat
F&m Bancorp
Sk Wash Gs
First United
Yauin
Ask Weis
Ferris, Baker Watts Inc
D.U.S
D.uli
Maryland
Pennsylvania
West Virginia
Arthur W. Boyce
West
Patrick Street
MD WY PA
Frostburg State University
Frederick , and Hagerstown
Frostburg State University University
Poat
Scottsdale Securities, Inc
Scottsdale
Daily Winners & Losers
Mutual Funds
Oil & Gas
Discount Stock Brokers
Executive Blvd
SIPC
Schwab
Fidelity
Quick & Reilly
Waterhouse
Merrill Lynch
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