Stocks stumble as higher rates hit earnings outlook
U S stocks fell on fears higher interest rates will curb corporate earnings with the Dow dropping 71.58 to 9274.12 and Nasdaq down 46.67 to 2463.42 while the S P 500 slipped 11 01 to 1261 99 The retreat followed Japan’s rate rise and a stronger leading indicators report from the Conference Board Traders eyed earnings and bond prices as the Fed met and major tech stocks led declines.
MENTIONED IN THIS ARTICLE
New York
Dow
Standard & Poor
Wall Street
Japan
U.S
U.S. Treasury
Treasury
Tom Galvin
Amart
Donaldson, Lufkin & Jenrette Securities
Conference Board
Fed
Hewlett-Packard
Dell Computer
Cisco Systems
Best Buy to open Frederick store this summer
Best Buy Co Inc will open a 45000 square foot Frederick store at the Frederick Crossing Retail Center this summer. The Minneapolis based chain signed a lease west of Wal Mart and east of New Design Road. The store will hire about 150 workers and begin hiring in June. First Maryland Bancorp reported 1998 net income of 218.1 million, up 44 percent from 1997.
MENTIONED IN THIS ARTICLE
Best Buy Co. Inc
Frederick
Frederick Crossing
Wal-Mart
New Design Road
First Maryland Bancorp
Guarding against phone scams in Frederick area
A News-Post report details residents like 79 year old Harry Behr and a Middletown woman who faced calls claiming rising rates and urging a switch to a new provider. Bell Atlantic notes slamming and advises customers to review bills, request written information, and use free anti slamming devices.
MENTIONED IN THIS ARTICLE
Harry Behr
Atlantic
At&t
Thurmont
Frederick
Behr
Bell Atlantic
Sandra Arnette
Ing
Ms. Arnette
Federal Communications Commission
Arnette
Frederick County
Bellatl.com
Maryland Offers Marriott 50 Million Package to Stay
State officials say Maryland will pay more than 50 million in incentives to keep Marriott headquarters from moving to Virginia. The deal includes tax credits, training funds, transportation upgrades, and job creation incentives aimed at retaining 3,500 Montgomery County employees and preserving the local economy. County lawmakers weigh long term tax credit impacts while warning against undercutting other county needs.
MENTIONED IN THIS ARTICLE
Bethesda
Marriott
Virginia
Montgomery County
Maryland
Richard C. Mike Lewin
Department of Business and Economic Development
Mr. Lewin
Marnott
Lewin
Thes Sa
Also Mentioned on This Page
Ryan
Dow Jones
FCNBC
Oribital
F&m
First United
Jcpenney
Potom el Pepsico
Ny Alcoa
GTE Corp
Ke Alleg
GaPacific
Safeway
Hene
Sears
Home Depot
Servierc
BankAmerica
Sun Trust
Lh Gia Kmart
Yin St. Paul
Las Bell
Life Tech
Unied Toys R Us
Black & Decker
Lockheed
Ainways
Cambrex
Lowe's
MCI Worldcom
WalMart
CSX Corp
da Medimmune
Coca Cola
Mo Mercantile Weis
Oh Bakshir
Crown Amer
Nextel al
Ferris Baker Watts
New York Stock Exchange
Compaq
America Online
Europe
Frankfurt
CAC
Paris
London
Chicago
Chicago Board of Trade
Brazil
Chicago Mercantile Exchange
Best Buy
FMB
Flist Maryland Bancorpts
Katherine Marks
State
Blair G. Ewing
Frederick Nios
Muted Funds
Mir
Scottsdale Securities, Inc
Monroe Street Plaza
Rockville
SIPC
Scottrade.com
LA Trn
T. Rowe Price Spectrum Income Fund
Tme Gasy Stop
T. Rowe Price
Spectrum Income Fund
Morningstar
Oweprice.com
T.roweprice
Tome
Aan Chet Sect
Deerwater Financial Corp
Reedwater
Raed Rat
Jewelers
Maryland Financial Planners, Ltd. Investment Advisory Services
Michael G. Day
Whag-Tv
Linton, Shader & Company
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