Oil price plunge prompts 1986 forecast revisions
Economists rework 1986 US and world growth forecasts as oil prices stay low. The drop trims inflation and boosts output, with estimates showing a multi-billion dollar impact on the US economy and potential for easier Fed policy. Advances in cheap crude could ease the budget gap, though concerns remain over conservation.
MENTIONED IN THIS ARTICLE
New York
United States
John Hagens
Chase Econometrics Inc
Bala Cynwyd
U.S
Organization of Petroleum Exporting Countries
Robert Lawrence
Brookings Institution
Washington, DC
Data Resources Inc
Lexington
Mass
Data Resources
Chase Econometrics
Federal Reserve
Stock market ends mixed as investors await oil and budget news
The Dow fell 11 to 1593.12 while NYSE volume eased to 134.31 million shares. The broad indexes showed small moves with the Dow at a prior high, S and P indices up modestly, and NASDAQ at a record level as traders awaited oil stability and Gramm Rudman Hollings outcomes.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Reagan
Congress
Standard & Poor
S&p
HSME
Stocks of area interest on Wednesday February 5 1906
Dow Jones Industrials at 1593 11 down point. NYSE volume 134 566 000 shares. Various listed stocks show mixed movement with several large percentage changes noted. Over the counter trading halted with Baker Watts & Co Frederick Office notations.
MENTIONED IN THIS ARTICLE
Hewl
IBM
Kmart
Litton
Lowes
Mack
Ryan Homes
Safeway
Sears
Sovran Fin
Slandex
Subreco
Tandy
Maryland jobless rate holds at 4.5 percent
Maryland’s unemployment rate stayed at 4.5 percent from November to December, the Maryland Department of Employment and Training reported. The civilian labor force fell by 11,830 while unemployed declined by 1,288 to 102,133. 38 percent of the unemployed received benefits. Retail, trucking, finance, and services rose, while layoffs hit shipbuilding, construction, dining, defense, and local government. The national rate was 6.7 percent. December rates ranged 2.2 percent in Charles County to 17.4 percent in Somerset.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland
Maryland Department of Employment and Training
Charles County
Somerset County
Oil futures stabilize with mixed gains on major exchanges
Oil futures on the New York Mercantile Exchange edged up 72 cents after recent declines. Heating oil for March rose to 49.56 cents a gallon, crude up 5 cents to $1.01 above the prior close, while gold and silver futures advanced on the Commodity Exchange. Coffee futures on the New York Mercantile Exchange surged 20.48 cents per pound, with most other grains and livestock futures higher on the Chicago Board of Trade and Chicago Mercantile Exchange.
MENTIONED IN THIS ARTICLE
New York Mercantile Exchange
Commodity Exchange
New York
Coffee, Sugar and Cocoa Exchange
Chicago Mercantile Exchange
Chicago Board of Trade
Chicago
Perini Construction in Naming Dispute Over Northampton Manor
Perini Construction sued Perini Construction Inc. which built Northampton Manor Nursing Home in Frederick and many other projects in the area. Maureen Ward of Perini Corp. said she wished to consult her client before statements. Dominick Perini of the Hagerstown firm dismissed plans to change their name and said settlement talks are ongoing with no details.
MENTIONED IN THIS ARTICLE
Perini Construction Inc
Northampton Manor
Frederick
Perini Corp
Massachusetts
Maureen Ward
Associated Press
Dominick Perini
Hagerstown
Word Center relocates under new ownership in Frederick
The Word Center, offering typesetting, direct mail marketing and word processing, moves to 1224 W. Patrick Street in West Patrick Square under new owner Donna Magruder of Specialized Office Support. Expansion, new equipment, and consolidated resources drive the move. services will include IBM PC support, Lotus 1-2-3, Word Perfect, bookkeeping, and in-house marketing programs for area businesses.
MENTIONED IN THIS ARTICLE
Word Center
Donna Magruder
W. Patrick Street
West Patrick Square
Ms. Magruder
West Third Street
IBM Credit Union
Gaithersburg
Abe
Frederick
Wood Center
Cultural clashes slow American firms in foreign deals
A U S woman executive walked out of talks with Arab businessmen citing humiliating male chauvinism as a cautionary tale. Cross cultural consultants warn that deep differences in etiquette and negotiation style cost firms billions as imports exceed exports by 148.5 billion in 1985. Experts cite Japan China Mexico Saudi Arabia and others to illustrate misreadings of etiquette and authority.
MENTIONED IN THIS ARTICLE
New York
U.S
Ms. Raider
Clarke
Coca-Cola
China
Lewis Griggs
Going International
Griggs
Mexico
Japan
George Renwick
Renwick Associates of
Scottsdale, Ariz
Also Mentioned on This Page
North Sea
Fed
Wayne Nordberg
Prescott Ball & Turben Inc
Roger Brinner
West Texas International Crude
Board OF Trade
Philadelphia
USDA
Philadephia
Delmarva Poultry
Texas
N.J
Fla. Savoy
Calif
Canada
Fla
Arizona
Iidaho
Oregon
N.Y
Maine
Long Island
N. Dakota
Idaho
N.C. Jewel
Perini Construction Sued
C. Kurt Hatter
the News
Frederick, MD
Ed Waters Jr
Stephanie Fisher
Sherre Rusenko
Amy Cornell
Bell Sales
W. Bell & Co
BPW
Frederick County
Penn Central Incomf Fenn Cental Corp
Stoker
Clifford Clarke
Intercultural Relations Institute
Palo Alto
Loyola
TRA
Towson and
Easton
A Loyola
N. Charles St
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