Wall Street mixed as tech declines and GOP election uncertainty looms
The Dow rose 0.43 percent to 16 768.3 while the Nasdaq dipped below 3000 to 2947.1 after trading above that level. AMD slipped after warning earnings would miss, GE faced a 4 billion Honeywell charge, and investors awaited a Supreme Court Florida recount decision amid cross market shifts toward defensive stocks.
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Consumer group urges Verizon to open Maryland local market
The Consumer Federation of America urged Maryland PSC to force Verizon Communications to open its local markets citing high bills and limited competition. It reported Maryland lags national gains since 1996 opening laws, with competitors holding about 1 percent of residential and small business lines.
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GM to phase out Oldsmobile after 103 years
GM announces Oldsmobile will be phased out over several years with more than 13,000 jobs cut in North America. The 2002 Bravada SUV slated as last new Oldsmobile while existing models remain only if profitable. GM cites need to be faster and leaner in a competitive market and notes ongoing dealer and parts considerations.
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Grain futures slip amid USDA data and export prospects
Grain futures eased after USDA demand data showed a smaller than expected adjustment to last month’s supply, partly offset by potential China export activity. Wheat and corn prices fell while live cattle markets nudged higher, with February contracts showing modest gains and dairy-like notes in the mixed commodities report. </analysis>
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Ford recalls Explorers Mountaineers again in new action
Ford issues another recall affecting Explorer and Mountaineer models as part of a continuing series of safety notices. Dealers and regional staff are coordinating returns and repairs, while agency records and internal discussions with executives address broader response.
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NASA official Thomas earns presidential rank honors
Thomas, a Frederick School graduate and former Frederick News-Post summerer, resides in Upper Marlboro. Since 1992 he led NASA initiatives to maximize small, disadvantaged, and women owned business contracts, boosting overall small business dollars from 2.2 to 3.5 billion, small disadvantaged funds from 865 million to over 2 billion, and women owned business dollars from 156 to 543 million.
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Darden Wins MACC Corporation of the Year Award
Darden Restaurants owner of Olive Garden and Red Lobster receives the Corporation of the Year 2000 Award from the Mexican American Chamber of Commerce for its commitment and cost cutting efforts.
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Olive Garden
Red Lobster
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