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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Jan 05, 1991

Page

14

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.

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.

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.

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.

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.

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.

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.

Detroit Ford Motor Co Ford North America General Motors Corp Chrysler Corp United Auto Workers Union Chrysler

Also Mentioned on This Page

Giant Foods Dow Jones Unehet Kmart Litton Lowes Pwr ATT Ped Loyola Corp Avemco Marriott Baltge MNC Fin Bantec Mercantile Bell Atl Bakshr Moore Corp C&S/Sovran Penney Csx Corp Potom el Citizens Bank Clorox Standex Exxon Whittaker Fcnb Corp F&m Bancorp Chicago Board of Trade AE JW DM Sep Ratig Tha U.S Frederick Livestock Aucion Woodsburg Sashorn L. Hagerstown Medina Calif Holstien Westminster Buicher Westminster Livestock Auction Westminster Hay Auction Dan Westminter Livestock Auction Willowdale Auction Co Dag Poole Sianager Irwin Kellner Hanover Trust Bruce Steinberg Merrill Lynch United States Richard Ortyl Kansas City Buldak FredeRick County National Bank Loyola Federal Lumurigls Ufesthle Pond Hk Voermean Cai
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