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News in Frederick, Maryland

09 Jan 1996

Page 7

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News January 9, 1996 Page 7 old newspaper archives

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Jan 09, 1996

Page

7

Dow Edges Higher as Snow Delays Trade On Holiday Like Session

The Dow rose 16.25 points to 5197.68 as major exchanges closed early amid a New York blizzard. Lockheed Martin agreed to acquire most of Loral for 45.50 a share, lifting defense stocks while energy and gold climbed as investors dodged inflation fears amid a slow market.

MENTIONED IN THIS ARTICLE

Hech Dow Jones IBM Kmart New York Life Tech AllgPwr Ts Loral Corp Alpha Ind Altimax Seros Corp Crestar Financial Marriott Hs Avemco Ie Balt GE Mercantile Bell Bakshr Nations Bank Jcpenney Citizens Bank Pepsico Potom Coca Cola Sears i Giant Foods Ferris Baker Watts Inc GTE Corp New York Stock Exchange NYSE Amex Brian Belski Davi Bosworth Inc Minneapolis Belski Standard & Poor Lockheed Martin Loral Westinghouse Northrop Grumman Thomas J. Czech Summit Investment Milwaukee Boeing General Electric Litton United Technologies Corp Federal Reserve Washington Mr. Czech Dow Exxon Texaco Homestake Newmont Mining Chantal Pharma Barron’s
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Baltimore Gas and Electric Gets 51 Percent Gas Rate Hike

The Maryland Public Service Commission approved a 51 percent increase in BGE s natural gas rates. The change raises average monthly bills by 3.38 for households using gas heat while BGE notes 116 million spent on gas system improvements. BGE serves about 540 000 customers in Baltimore and nine nearby counties.

MENTIONED IN THIS ARTICLE

Baltimore Maryland Public Service Commission Baltimore Gas and Electric Co BGE Maryland
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Lockheed to buy Loral for 9.1 billion dollars

Lockheed Martin from New York to acquire most of Loral Corp for about 9.1 billion in cash per share 38 with 20 percent of Loral Space and Communications to form a new company valued over 10 billion including debt. The combined firms would surpass 30 billion in annual revenue and affect defense electronics.

MENTIONED IN THIS ARTICLE

New York Lockheed Martin Corp Loral Corp Lockheed Martin Lockheed Martin Marietta Corps Loral Loral Space and Communications Corp Northrop Grumman Corp Defense-Electronics Westinghouse Electric Corp Boeing Co McDonnell Douglas Corp Hughes Electronics General Motors Corp U.S
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Grain futures on CBOT open high low last

Grain futures trading on the Chicago Board of Trade showed brief activity with open, high, low and last prices reported. The report notes market movement and mentions a total open interest figure of 510,006 contracts.

MENTIONED IN THIS ARTICLE

Chicago Chicago Board of Trade
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Auto dealer loses bet on snowfall in Central Park

Potamkin Automotive Center in Manhattan offered free leases on all cars rented if Central Park saw more than four inches of snow on Jan 8. A blizzard hit NYC over the weekend, prompting 100 plus customers to take the deal. High end Cadillacs and Buicks were leased, with leases ranging from 200 to 800 dollars monthly for two to three years. Customers pay sales tax. dealer insured against the loss.

MENTIONED IN THIS ARTICLE

New York Manhattan Potamkin Automotive Center Central Park New York City Paul Koka The Times Connecticut Long Island Koka Potamkin the Times
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Also Mentioned on This Page

TAX & Financial Frederick News-Post Jessie Hetzler Daniel Tellep Bernard Schwartz Loral Space Schwartz Augustine Frederick Scottsdale Securities Inc Scottsdale Scottsdale Securities, Inc Discount Stock Brokers Executive Blvd Rockville SIPC Schwab Quick & Reilly Fidelity Merl Lynch West Main St Middletown
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