War worries stall market in early 1991 downturn
The New York stock market posted broad losses on Monday as fears about the Persian Gulf conflict and the banking system weighed on sentiment. The Dow fell 43.32 to 2522.77, with decliners outpacing advancers about 7 to 2 across NYSE trading. volume reached 130.43 million shares on the Big Board.
MENTIONED IN THIS ARTICLE
Giant Foods
Dow Jones
IBM
New York
Kmart
Litton
Pwr
Lowes
Avemco
Loyola Corp A
Marriott
Baltge
MNC Fin
Bantec
Mercantile Ad Bell
Bakshi
Black Dr
Moore Corp
C&S/Sovran
Penney
CSX Corp
Potom el
Citizens Bank
Ee Sears
Clorox
Standex
Comsat
USFG
Exxon
Wash Gs Fedders
Whittaker
Fcnb Corp
F&m Bancorp
Fred
Frederick
of Trading Co
Ferris, Baker Watts, Inc
General Motors
Frederick Office
Persian Gulf
New York Stock Exchange
Court to Decide on Investor Suits In Insider Trading Case
The Supreme Court will rule on whether investors may be barred from suing officers or major holders after mergers over alleged insider trading profits. Ira Mendell, former Viacom shareholder, claims Viacom insiders profited about 11 million in 1986. The 2nd Circuit revived his suit, while a federal judge dismissed it for lack of standing. The court will resolve a circuit split on mergers limiting such suits.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Ira Mendell
Viacom International Inc
Viacom
U.S. Circuit Court of Appeals
Congress urges banks to fund FDIC over taxpayers
Congress members argued banks should shore up the Federal Deposit Insurance Corporation rather than taxpayers as the FDIC fund faces depletion from mounting bank failures. They cited Bank of New England rescues, potential billions needed, and calls to raise premiums or inject private funds while debating broader banking reform and diversification limits.
MENTIONED IN THIS ARTICLE
Washington
Federal Insurance Fund
Congress
Bank of New England Corp
Stephen Neal
Dn.c
House Banking Committee
Jim Leach
Iowa
Charles Schumer
D-N.y
Bank of New England
Massachusetts
Connecticut
Maine
L. William Seidman
Federal Deposit Insurance Corp
FDIC
Seidman
Subcommittee On Financial Institutions Supervision
Frank Annunzio
Dil
Middle Atlantic Dairy Group Wins Ad Award for Bones Commercial
The International Dairy Foods Association names the Middle Atlantic Milk Marketing Association as the recipient of the Award for Excellence. Their Bones television ad features Cynthia Kereluk promoting milk as a key nutrition source with a skeletal image during an exercise segment.
MENTIONED IN THIS ARTICLE
International Dairy Foods Association
Middle Atlantic Milk Marketing Association
The
Maryland
Pennsylvania
Delaware
New Jersey
Virginia
West Virginia
Cynthia Kereluk
Ms. Kereluk
Also Mentioned on This Page
Wilshire Associates
NYSE
Standard & Poor
S&p
American Stock Exchange
Chicago
Chicago Board of Trade
Frits
Soye Jeans
Sarseust
Ing. Com
Brederick News-Post
Arphive
Baltimore
E. Fort Ave
Henry Gonzalez
D-Texas
New England
Gonzalez
Lor EI
Ahr Ly
Arta
First General Mortgage Company
First Virginia Bank
Rockville
Marcy Priester
Cheryl Lewis
Rosemont Ave
Columbia First Bank
Federal Savings Bank
MD & VA
Columbia First
Potomac Valley Answering Service
Potomac Valley
Frederick, Maryland
SE Gee
AP Stock Quotes
Kk Lmn
Axe
Manus
SAAB
Saab Cars, USA Inc
Maugans Ave
Hagerstown
Brewer’s Saab, Inc
Main St
Maugansville
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