Dow Dips 28.85 as Bonds, Rates Share Spotlight
U S stocks fell Monday as bond weakness stoked rate fears, with the Dow Jones average down 28.85 to 5693.89. Tobacco shares helped limit losses with gains in Philip Morris and RJR Nabisco, while Merriam mergers and overseas markets added limited spark to trading.
MENTIONED IN THIS ARTICLE
New York
Indiana
New York Stock Exchange
NYSE
Standard & Poor
American Stock Exchange
Treasury
Federal Reserve
Minneapolis Federal Reserve
Gary Stern
Commerce Department
U.S
National Association of Realtors
J.P. Morgan
Exxon
Chevron
Rao Chalasani
Everen Securities
Chicago
Philip Morris
Dow
RJR Nabisco
WorldCom to Acquire MFS Communications in $14.4 Billion Merger
WorldCom Inc. will buy MFS Communications Co. in a deal valued at $14.4 billion creating MFS WorldCom. The fusion will offer local, long distance, internet and international services to business customers, challenging AT&T MCI and Sprint. The combined firm expects $5.4 billion revenue with 500,000 business customers and no layoffs.
MENTIONED IN THIS ARTICLE
R.J. Reynolds
Loews Corp
Culbro
B.A.T Industries
Indianapolis
Food and Drug Administration
WorldCom Inc
MFS Communications Co
WorldCom
MFS
New York
At&t
Baby Bells
U.S
MFS WorldCom
At&t Corp
MCI
Sprint
Bell Atlantic Corp
Nynex Corp
SBC Communications Inc
Pacific Telesis Group
North America
T bills rise in weekly Treasury auction
The Treasury Department sold 12 billion dollars of three month bills at 5.07 percent average discount, up from 5.06 last week, and 12 billion dollars of six month bills at 5.16 percent, up from 5.13. The three month rate marked the highest since August 5 and the six month rate the highest since July 29.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Weve Got Frederick Written All Over Us Hredecickh Nefus Post
A fragmented note style item highlights Frederick themed sentiment and unclear affiliation. It presents a local notability angle with names and a possible tag line or caption reflecting a readers’ pride or movement without full context. Further text needed for clarity.
MENTIONED IN THIS ARTICLE
Frederick
Hredecickh Nefus-Post
Kluttz elected to boards of F&M Bancorp and bank
James K. Kluttz elected director of the boards of F&M Bancorp and Farmers and Mechanics National Bank. He is Frederick Memorial Hospital CEO and a UNC and GWU graduate with MBA. He is a former USAF medical admin officer and active in multiple Maryland health and civic organizations. He and wife Faye reside in Frederick with two children.
MENTIONED IN THIS ARTICLE
James K. Kluttz
F&m Bancorp
Farmers and Mechanics National Bank
Kluttz
Frederick Memorial Hospital
North Caroline
University of North Carolina
George Washington University
Washington, D.C
Washington County Hospital
Hagerstown
US Air Force
United Way
Family Life Center
Health Systems Agency of Western Maryland
Frederick County
Faye
Frederick
Kristen
Jeff
Frederick Area Job Outlook Sees Moderate Growth This Fall
Manpower Inc reports fall employment outlook for Frederick with 23 percent of employers planning hires, 10 percent projecting layoffs, and 64 percent preserving current staff. Three months earlier in May, 43 percent anticipated hires and 3 percent cuts. Opportunities are strongest in nondurable goods manufacturing and transportation and public utilities.
MENTIONED IN THIS ARTICLE
Frederick
Manpower Inc
Lisa Coblentz
Also Mentioned on This Page
Conseco Inc
Capital American Financial
American Travellers
Tokyo
Frankfurt
London
MFS Communications
Gary Miller
Aragon Consulting Group Inc
Fri
jChicago Board of Trade
Lan2wan, Inc
Internet Services
D.A.1
Maryland
Pennsylvania
West Virginia
Arthur W. Boyce
West
Patrick Street
Prachoagin Mowers
Dow Jones
AllgPwr
Alpha Ind Alumax
Avemco
Bell
Citizens Bank
CSX Corp
Coca Cola
Comsat
Crestar
Crown Amer
Asx
Fcnb Corp
Voew
Yansx First United F&m Bancorp
Fred Brew
Va Giant Foods
GTE Corp Hech
IBM
Advantage Training & Development, Inc
Frederickiiit
Frederickbiz.net
Cail
Fay
Chiye
James Klutt2
Tom Clark
W. Patrick Street
Lirk
Kodak
FRA
Ahmed
el Paso
United States
Puerto
Dohren
Ana
Rogak Wien
Scottsdale Securities Inc
Scottsdale
Mutual Funds
Oil & Gas Report
Scottsdale Securities, Inc
Discount Stock Brokers
Executive Blvd
Rockville
SIPC
Schwab
Quick & Reilly
Waterhouse
Mernltigmch
Toeurn
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