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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Feb 02, 1999

Page

6

Paring down companies by nixing human resources

McCall Mill Work Inc. outsources payroll to Prolease, leasing workers and handling taxes and benefits. The arrangement cuts costs, saves time, and shifts HR liabilities to the provider, with ADP expanding similar services to Frederick area firms.

Gordon Smith Brian Littleton McCall Mill Work Inc Prolease McCall Robert Radbill Frederick Radbill Professional Staff Leasing Corp Smith Florida Washington ADP Charlie Wheeler McCall Mill Work, Inc Kevin Wivell

Stocks of area interest Monday February 1 1999

The Dow Jones Industrial Average stood at 9345.70 with a 13.13 point change and volume at 799,352,000 shares. New York Gold closed at 287.10, up 1.70.

Dow Jorces New York

January manufacturing declines but at slower pace

January manufacturing activity fell but more slowly, with the Institute of Purchasing Managers index rising to 49.5 from 45.3 in December, signaling contraction still but signs of a bottoming out as production and new orders increased. Economists cautioned the improvement is not broad-based and overall demand remains weak.

New York Nationalee Ee Ree A Werbert J. Ore Dan Seto Nikko Securities International Co General Motors Anthony Karydakis First Chicago Capital Markets, Inc Philadelphia Dow At&t Time Warner Hewlett-Packard Rohm & Haas Morton International Morton

Wheat futures fall as Egypt passes on U S exports

Wheat futures dropped sharply on the Chicago Board of Trade as Egypt again declined to buy U S wheat, citing ample supplies and higher costs while corn and soybeans rose. Market talk cited potential bumper winter wheat crops and interest in subsidies to boost exports.

Egypt Chicago Chicago Board of Trade U.S US Agriculture Peraetiees Chicago Mercantile Exchange Rohm & Haas Aeroquip-Vickers Eaton Corp Wall Street Faday Societe Generale Paribas Axa-Uap Britain Guardian Royal Exchange PLC Axa London Frankfurt CAC Paris Tokyo

Lafarge lands $90 million Ohio wallboard contract

Lafarge secures a $90 million contract in Ohio for wallboard production expanding its footprint in the gypsum industry. The deal highlights strong demand as the company reports $1.6 billion in sales for the first nine months of 1998, underscoring growth in its building materials segment.

Lafarge Ohio

Dow ends lower after two-day gain run

U S stocks drifted lower as the Dow fell 13.13 to 9345.70 despite a Nasdaq high near record levels. The S and P 500 slipped 6.61 to 1273.03 while Fed meeting nerves muted sentiment though European mergers supported some names and factory data signaled a rebound.

New York Standard & Poor Federal Reserve Wall Street Barry Berman Robert W. Baird & Co Milwaukee Fed Berman Dow Europe Washington Commerce Department National Association of Purchasing Management

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