Soaring food prices push consumer costs up in January
The Labor Department reported a 0.6 percent seasonally adjusted rise in the Consumer Price Index for January led by meat, fruit, vegetables, and eggs. Food costs at grocery stores surged 2.4 percent while home heating oil rose 2.6 percent and gasoline fell 1.1 percent. Beef veal up 3.5 percent. pork 5.2 percent. eggs 21.3 percent amid avian flu. Fresh fruit and vegetables climbed 7.8 and 7.0 percent respectively due to weather.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
American Telephone & Telegraph Co
Nixon
David Wyss
Lex
Tional Federation of Independent Business
Strong market rally lifts stocks on brisk session
New York stocks surged in the strongest gain in over seven months led by blue chips and tech issues. The Dow climbed 30.47 to 1165.10 while the Nasdaq rose to 251.44 and the S&P 500 gained 3.22 to 157.31 amid broad advances in autos, airlines, and financials.
MENTIONED IN THIS ARTICLE
New York
International Business
Minnesota Mining & Manufacturing
General Electric
Hewlett-Packard
Digital Equipment
Auto Group
General Motors
Ford Motor
Chrysler
UAL
Delta Airlines
AMR
Merrill Lynch
E.F. Hutton
Paine Webber
Standard & Foer
S&p
Rental center first to get special loan
ROCKVILLE The first company to receive a long term low interest loan under a county program was awarded 592000 Friday to buy land and a building they previously leased. A Total Rental Center at 4429 Howard Ave Kensington owned by the Gerald Goldbergs employs 29 workers at four locations. The loan was arranged by Montgomery County Economic and Business Development Corporation. SBA provided 40 percent of the package with the rest from the center's bank. The program lowers down payment to 16 percent and targets firms with net profits up to 2 million and net worth under 1 million. The loan aims to create jobs boost taxes and help a long standing business survive.
MENTIONED IN THIS ARTICLE
Rockville
Howard Ave
Kensington
Gerald Goldbergs
Bethesda
Wheaton
Beltsville
Small Business Administration
SBA
Goldberg
Economic and Business Development Corporation
Charles W. Gilchrist
Business Development Corporation
Montgomery County
Chambers visit Annapolis to learn proposed legislation
Frederick and Washington County Chambers of Commerce visited Annapolis for a briefing by lawmakers on legislation affecting business. The day culminated with a dinner at the Maryland Inn as officials summarized potential bills and impacts.
MENTIONED IN THIS ARTICLE
Chamber
Annapolis
Frederick
Washington County
Maryland Officials Market State in Pittsburgh Seafood Push
Maryland economic development officials said they will market the state and its five western counties on a Pittsburgh trip. The mission, part of a regional marketing effort, will be led by assistant secretary Gerald McDonald with delegates from Carroll Frederick Washington Allegany and Garrett counties.
MENTIONED IN THIS ARTICLE
Hagerstown
State Department of Economic and Community Development
Maryland
Pittsburgh
Gerald McDonald
McDonald
Carroll
Frederick
Washington
Allegany
Garrett Councs
Mathias attacks unitary tax laws
Sen Charles Mathias blamed states and President Reagan for failing to reform unitary tax laws. He argues these laws deter foreign investment and cost American jobs. His bill would end worldwide combined reporting, tax overseas income only when repatriated, and credit foreign taxes paid, while preserving state tax rates. He urged federal action, citing Mobil Oil and Sony plant moves as proofs.
MENTIONED IN THIS ARTICLE
Washington
Charles McO Mathias
RMA
Reagan
United States
Mathias
USA
Executive Forum
Unitary
House of Representatives
America
Sion
Maryland
Virginia
Texas
Ilinois
New York
Pennsylvania
Mobil Oil
Sony
Florida
Also Mentioned on This Page
Ington
Mass
Data Resources Inc
William Dunkelberg
Dunkelberg
the News
Fredenck, Md
Ruth W. Ellis
Montgomery
Robert C. Reid
Dow Jones
London
Avemco
CSX Corp
Exxon
Fairchild Ind
F&m National
MD Buc
Genex
IBM
Kmart As
Litton
Undigd Lowes
Mack Trk
Marriott Corp
MD Natl Cp
Mercantile Bakshi
Baker Watts & Co
Philadelphia
Kitty Reed
Louis A. Goldstein
George Washington
James E. McClellan
Chesapeake Bay
del. M. Albert Morningstar
Chamber of Commerce
Morningstar
Charles H. Smelser
Dcarrol
Frederick Howard
Senate
Harry Hughes
Smelser
Del
Thomas Hattery
D-Frederick
House Ways and Means
At&t
Hattery
John W
Jack” Derr
Lucian Warren
Frederick News-Post
James Stewart
Laurance Kupperberg
William Radcliffe
Radiology
Ambers
Thomas Johnson Drive
Frederick, Md
Sheri Bissett
Prospect Ave
Gastie Centre
Mt. Airy
Opim
State Farm Insurance Companies
Home Offces
Rocmngton Minces
Bill Pratt
American Industrial Machine Co
South St
Pratt
Tri-State Welding
Ed Waters
Montgomery Ward
Vienna
Elizabeth O. Segal
Frederick County Square Rt. 40
Baughman
Ferris & Company
New York Stock Exchange
Ira
Keogh
Ferris
North Market Street
Frederick, Maryland
Ferris & Company, Inc
North Market St. Frederick
SIPC
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