Stock prices slip as market drifts amid gulf tensions
Wall Street fell on Friday as investors faced economic uncertainty and Persian Gulf tensions. The Dow declined 7.42 to 2,566.09, with total NYSE volume about 140.82 million and overall market value down about 0.26 percent. Major indices including the S&P composite and NASDAQ eased, while the AMEX closed down 1.60 at 303.05.
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NEW York
Persian Gulf
New York Stock Exchange
Wilshire Associates
NYSE
Standard & Poor
S&p
American Stock Exchange
Grain and Livestock Futures and Market Prices Report
Chicago cot futures show wheat soybeans oats and livestock trading with bids oddities across months and markets. Prices reflect bids opens and sales in Frederick Hagerstown Westminster and Frederick auctions with cattle hogs and hay markets given across multiple dates.
Tokyo Stock Market Rises on New Year Hope
Nikkei 225 gains 220.47 points to 24,069.18 as Tokyo opens the year with moderate advance. The dollar strengthens to 133.32 yen, up 0.32 yen from New York close, while markets anticipate recovery from last year's losses.
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Tokyo
New York
U.S. jobless rate rises to 6.1 percent in December
The December unemployment rate climbs to 6.1 percent, the highest in over three years, with more than 1 million added to the unemployed and 515,000 jobs lost in the final quarter. White House commentary warns of potential further strain on benefits and possible mild recession.
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Washington
Labor Department
White House
Marlin Fitzwater
Fitzwater
Frederick County Unemployment Rises to 6.0 Percent in November
Frederick County’s jobless rate climbs to 6.0 percent in November from 3.2 percent, with 1,862 of 77,439 in the labor force unemployed. The Maryland rate also rose to 5.3 percent as declines in construction, retail, and manufacturing hit payrolls, while health services grew and discouraged workers rose to 940,000.
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Frederick County
Maryland
Washington, D.C
Maryland Department of Economic and Employment Development
J. Randall Evans
The
Department
Frederick
Carroll County
Howard County
Montgomery County
Washington County
Allegany County
Garrett County
Sears to Eliminate 21 000 Jobs Nationwide
Sears Roebuck and Co begins mass layoffs, cutting 21 000 positions through June 1 at 863 stores to streamline operations amid competition from Wal Mart and Kmart. Spokesman Gerald Buldak cites non-selling position cuts and possible transfers, with local store impacts still undecided.
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Chicago
Sears, Roebuck and Co
Sears
Gerald Buldak
Sears Merchandise Group
Wal-Mart Stores Inc
Kmart Corp
IBM Receives Pro Patria Award for Guard and Reserve Support
IBM's Federal Sector Division earned the Pro Patria Award from the Department of Defense for employer support of the national guard and reserves in Maryland. IBM provides full service credit for active duty leave and top-up pay to cover any shortfall in military wages, with 49+ reservists from six Maryland IBM branches granted leave and extended payments up to 120 days.
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IBM
Department of Defense
Maryland
National Guard
Automakers idle 62,000 workers
DETROIT AP The Big Three will pause production next week by shutting down all or part of 29 assembly plants, laying off more than 62,000 autoworkers. Ford leads with about 20,360 in North America. GM 33,280 from 13 plants. Chrysler about 8,400 from 3 plants.
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Detroit
Ford Motor Co
Ford
North America
General Motors Corp
Chrysler Corp
United Auto Workers Union
Chrysler
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