November factory orders up but retail sales lag
U S factories saw orders rise 0.6 percent in November to 243.7 billion, the second straight gain but still below July levels. Retailers reported disappointing Christmas sales, while worker productivity for Q3 was revised downward. Aircraft demand led the uptick, with other sectors weak.
MENTIONED IN THIS ARTICLE
Washington
Jack Albertine
Commerce Department
U.S
Samuel D. Kahan
Fuji Securities Inc
Chicago
USF&G Cuts Unprofitable Lines Across Seven States
Baltimore insurer USF&G Corp says it will stop writing new workers compensation in Rhode Island and Mississippi and personal lines in Arizona Delaware Hawaii Michigan Rhode Island and South Carolina as part of an austerity drive. The move follows nine month losses of 136 million and 569 million in 1991 and 1990 respectively, with 3,000 jobs cut and 18 offices closed.
MENTIONED IN THIS ARTICLE
Baltimore
Usf&g Corp
Rhode Island
Mississippi
Arizona
Delaware
Hawaii
Michigan
South Carolina
Usf&g
Health clubs owner creates compensation program for blacks
The Holiday Spa chain and the EEOC announce a 1.4 trillion dollar program to compensate black applicants rejected for jobs. EEOC’s Frank Fritts says investigation covered 1987 to 1990 across Atlanta Baltimore Boston Philadelphia and Washington. Employers will advertise to reach discriminated applicants and review cases jointly for eligibility. No lawsuit involved in this agreement, separate from customer-related court actions.
MENTIONED IN THIS ARTICLE
Washington
U.S. Equal Employment Opportunity Commission
EEOC
Atlanta
Baltimore
Boston
Philadelphia
Fritts
U.S. Health
Potomac Edison Seeks Lines to Relieve Substation Load
Potomac Edison Co has filed Dec 23 for a 2 mile 230 kilovolt link between Mount Airy and New Market area to connect substations and ease load and voltage at New London and Green Valley. Approval by the Public Service Commission is pending with hearings to be scheduled. Also noted, nursing home administrators in Maryland will meet Jan 8 at Erin's Italian Kitchen Frederick to install new officers and discuss Medicaid budget cuts and new federal regulations.
MENTIONED IN THIS ARTICLE
Potomac Edison Co
Mount Airy-New Market
New London
Green Valley
Cyndi Shoop
Public Service Commission
Washington and
Frederick Counties
Maryland
Erin's Italian Kitchen
Frederick
Marilyn Young
R.N
S.H.N.A
Monica Mason
Avalon Nursing Home
Hagerstown
Louis V. Vogle III
Northampton Manor
Employer of the Year Award Given to Hoff at Frederick BPW
Charles W Hoff Ill president of Farmers and Mechanics National Bank Frederick accepts the Employer of the Year Award from the Frederick Business and Professional Women's Club for outstanding dedication to working women in Frederick. Presenting the award are Linda Garber Jayne Bongard BPW members and managers at F M peace offices and Patricia Maloff president Frederick BPW tub.
MENTIONED IN THIS ARTICLE
Charles W. Hoff Ill
Farmers and Mechanics National Bank
Frederick
Frederick Business and Professional Women’s Club
Linda Garber
Jayne Bongard
BPW
F&m Peace
Patricia Maloff
Frederick Bpw Tub
BG&E announces slight rate cut for Baltimore customers
Baltimore Gas and Electric Co. will cut electric rates by 5.3 percent after Maryland Public Service Commission approval. A typical residential user consuming 600 kWh monthly would save 67 cents. The reduction stems from higher output at Calvert Cliffs nuclear plant. BG&E serves about 1 million customers in central Maryland.
MENTIONED IN THIS ARTICLE
Baltimore
Baltimore Gas and Electric Co
Bg&e
Maryland Public Service Commission
Calvert Cliffs
Maryland
Bonding Guide Published For Construction Firms
Keller Zanger Bissell & Co Frederick publish Boosting Your Bonding a 60 page binder for construction company presidents CEOs CFOs and controllers. It outlines improving financial statements investing in bonding capacity understanding depreciation schedules and construction financing. Scott Hall at 663-8600 offers complimentary copies.
Grove appoints Genstar president in Hunt Valley
Bernard L. Grove of Frederick is named president of Genstar Stone Products Co. in Hunt Valley. A 33 year Genstar veteran, he will replace Thomas C. Nutile and will be installed January 23 as Frederick County Chamber of Commerce president. Grove serves as Frederick County National Bank director and is active in several industry groups. Genstar produces aggregates ready mix concrete blacktop and industrial minerals and ranks as a major state producer.
MENTIONED IN THIS ARTICLE
Bernard L. Grove
Frederick
Genstar Stone Products Co
Hunt Valley
Genstar
Grove
Frederick County National Bank
Chamber of Commerce
Frederick County
National Stone Association
Maryland Aggregates Association
Marylanders For Efficient and Safe
Maryland Chamber of Commerce
Thomas C. Nutile
Market climbs as Dow tops 3200 for first time
New York stocks rose Friday lifting the Dow Jones to 3201.48 up 29.07 as the Christmas rally extends. The week gains totaled 99.96 points with volume near 221.95 million shares on the Big Board. Other indices showed advances while a separate display of 125 antique cars will be shown at Fredericktown Bank & Trust Co from Jan 7 to 31, courtesy of Carpel Video Inc.
MENTIONED IN THIS ARTICLE
Dow Jones
Exxon
NEW York Gold
Fcnb Corp
F&m Bancorp
First Bank Ally Pwr
Frederick
Avemco
Ve Giant Foods
GTE Corp
Bell Atl
IBM
Kmart
C&S/Sevran
Life Citizens Bank
CSX Corp
Comsat
Va Litton
NEW York
New York Stock Exchange
Fredericktown Bank & Trust Co
North Market Street
Carpel Video Inc
Maryland Sees Gradual Economic Recovery By 1992
Maryland's civilian labor force and employment grew in 1991 despite a national slowdown. Through October 1991, employment rose by 93,200 jobs, a 4 percent gain, and the jobless rate fell from 6.1 to 5.5 percent. Nonmanufacturing led with 1.7 percent growth. health services surged 73 percent since 1980. Manufacturing dropped 3.6 percent in October.
MENTIONED IN THIS ARTICLE
Maryland
Mark L. Wasserman
Mr. Wasserman
Health Services
Grain and Livestock Markets from Woodsboro and Hagerstown
Futures on the Chicago Board of Trade show mixed grains with wheat soybeans and oats listed. Daily livestock quotes cover butchers cows bulls steers heifers and veal calves from Woodsboro and Hagerstown sale results with prices and ranges for each category.
MENTIONED IN THIS ARTICLE
Willowdale Auction Co
Woodsboro
Woodsboro Livestock Sales
Hagerstown
Also Mentioned on This Page
Norman Blake Jr
Kerrie Burch-DeLuca
Ms. Burch-DeLuca
U.S. Health, Inc
Towson
Frank Fritts
Ferris, Baker Watts Inc
Wecnha Meeting
Lowes
Loyola Corp
Marriott
MCI Comm
MNC Fin
Mercantile Bakshi
Moore Corp
Penney
Potom el
Sears
Usfgts
Wash Gs
The
Frederick News-Post
Bernard Grove
Standard&Poor&s
Standard&Poor’s
O Board of Trade
Timothy
Ausherman
Curt Myers
Free Searce of
Heo Me
Stock Market Report
Commodity Report
Precious Metals Report
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