Weak GDP news rattles markets on Wednesday
New York investors sent stocks lower after a Commerce Department GDP report showed a 0.2 percent gain in Q2. The Dow fell 131.1 to 10,090.9, the Nasdaq dropped 21.81 to 1,643.17, and the S&P 500 slid 12.95 to 1,148.56 as traders priced in weak near term demand. Caterpillar and Gap slipped on ratings concerns while AMD warned of a 15 percent revenue drop. Microsoft edged lower as antitrust talks moved forward in court. Gateway rose 19 cents amid mixed trading.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Standard & Poor
Commerce Department
Caterpillar
Gap
Banc of America Securities
AMD
AMC
Nortel Networks
WorldCom
Nortel
Microsoft
Justice Department
Gateway
Market Slides As Tech Firms Restructure Cuts 25 Percent
Stocks of area interest fall after major restructuring plans. Citigroup like computer maker announces 25 percent global job cuts and Asia shutdowns. Corning cuts 1,000 jobs as orders slow. Talbots advances 89 cents to 37.94. Dow down 6, Nasdaq off 25, S&P off 13. Volume 966 million. Russell 2000 dips 0.86 to 473.34. Nikkei -1.9, DAX near flat, CAC-40 up 4, FTSE 100 -0.3.
MENTIONED IN THIS ARTICLE
Asia
Talbot's
S&p
Corning
Trac
Japan
Germany
France
Britain
Grain and Livestock Futures Edge Higher on Modest Gains
Chicago prices for soybeans rose over one percent supported by mixed technical and market signals. Corn also gained as demand outlook improved for 2001 02 while wheat December futures climbed to 2.88 dollars per bushel. Live cattle and hog futures advanced with Oct lean hogs at 80.12 cents a pound and cattle near 73.22 for cattle and 89.45 for feeders.
MENTIONED IN THIS ARTICLE
Chicago
Moterstely
N Ot
Niesing
Red Robin to open in Gaithersburg Maryland
Red Robin Gourmet Burgers and Spirits will open Tuesday September 4 at Lakeforest Shop Center Gaithersburg Maryland. The new 6 41 square foot restaurant seats 201 guests employs 114 and offers 22 gourmet burgers with beef chicken veggie fish or turkey options plus fries and toppers. As part of the grand opening the company will present a 4000 check to Gaithersburg s Character Counts National Laws of Safe Essay Contest.
MENTIONED IN THIS ARTICLE
Lakeforest Shop Center
Gaithersburg
Restaran
Maryland
JTA to Offer Classes at Frederick Career Center
The Frederick County Job Training Agency Workforce Development Center at 7340 Executive Way will host September programs including job search classes with mock interviews and resume crafting and computer classes focusing on software used by job seekers. For information call 846-2255 or visit the center’s site.
MENTIONED IN THIS ARTICLE
Fredenck County
Job Training Agency
Executive Way
Center For
Wawen Frederick md Us
Ita
Nail and Tanning Shop Renamed Ann Nails and Tan
In Discovery Crossing Center, Ann Nahi rebrands her nail and tanning shop as Ann Nails and Tanning. The store offers silk wraps gel nails acrylics manicures pedicures hand painted designs waxing and two tanning beds. Located at SSH Woodsboro Pike, hours run 9 am to 6 pm weekdays 9 am to 5 pm Saturday 10 am to 4 pm Sunday. Call 301- (number incomplete).
MENTIONED IN THIS ARTICLE
Ed Waters Jr
Johnson Pham
Ann Ngai
Ann Nails & Tanning
Walkersville
Ms. Nahi
Ann Nahi
Discovery Crossing
Fat Sie Mi
Woodsboro Pike
The Candle Shop opens at Frederick Towne Mall
The Candle Shop recently opened at Frederick Towne Mall near the Ground Round entrance. Owner Meunna Mullinix notes about 100 scents and handcrafted candles with unleaded wicks, while customers praise the aroma and affordable prices.
MENTIONED IN THIS ARTICLE
Frederick Towne Mall
Frederick Towne
Callie Harmon
Candle Shop
Meunna Mullinix
Harmon
Kay Hagen
Ms. Hagen
Tax credit program deadline extended to October thirty first
Maryland Department extends application deadline for homeowners tax credit. The program applies to taxes paid beyond the tax limit aligned to income levels. Use a graduated formula across the state. average credit granted was $761. For information or forms call 100-944-7403.
MENTIONED IN THIS ARTICLE
Maryland
Department of Cases
Ase
CNN's No 2 executive Philip Kent resigns
CNN's No 2 executive Philip Kent resigns as chief operating officer of Turner. Isaacson said he was sorry to see Kent leave. Kent's tenure included major reorganizations and a focus on CNN expansion amidst corporate changes affecting Turner Broadcasting.
MENTIONED IN THIS ARTICLE
CNN
Philip Kent
Amd
Turner Isaacson
Kent
Double Rainbow Flavors Arrive at Ice Cream Factory
Frederick shop adds Double Rainbow super premium flavors to its menu with soy option planned later. Single cones cost 40 cents more than Hershey ice cream, with hand packed pints and quarts and banana splits also offered. Official statement from Double Rainbow confirms new line.
MENTIONED IN THIS ARTICLE
Ed Waters Jr
Ramy Talwar
Frederick
San Francisco
Hershey
Double Rainbow
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Lowe's
Badhiearial
DL Marriott
Mercantile New York
Orbital Alpha Indiq
Serene
BankAmenca
Prater & Gamble
PennNat
Black & Decker
LOL Jcpenney
Cambrea
CSX Corp
UH Pepsico
Coca Cola A Ea
First United
Verizon 3000
Fred Brew
MCI Worldcom
Fulton Fin
Wil We Bau Wake Ye
Ny G
U.hz Wash Gs
Ga Pacific
Weis
HCC Ins
WFC
Home de
Kmart
Lockheed
Ferris Baker Watts
Red Robin
JTA
THE
Claude Mullinix
Mullinix
Thomas Bradley
Shoe Dept
NY Tren
Paul Harris
Beiros Brun
Daly Weiners & Losers
Foregn
Whsued Furic Report
Emeric Bndicators
Frente
Monroe Street Plaza
Borkville
SIPC
Scottrade Com
News-Post
Mercedes-Benz
Meredes Benz
Hagersteen
Marcuis Bens
Hagerstey
Soler Teem
Dan
Hagerstown
Mercedescenter
Oyne
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