Housing sales edge up as 1991 ends with modest gains
Existing home sales rose 0.9 percent in December, the third consecutive gain, signaling a modest housing recovery. For 1991 total sales fell to 3.287 million, the slowest since 1985, with regional variations and mortgage rates near 8.5 percent aiding buyers.
MENTIONED IN THIS ARTICLE
Washington
Daryl Delano
Cabners Economics
Newton
Mass
National Association of Realtors
Northeast
West
South
Midwest
Mudyear
Delano
Realtors
Dorcas T. Helfant
John A. Tuccillo
Macy's files Chapter 11 bankruptcy protection
Macy's 251-store retail group filed for Chapter 11 in U.S. Bankruptcy Court amid slumping sales and about 3.5 billion in debt from a 1986 leveraged buyout. The 134‑year‑old chain said restructuring will let it keep operating while vendors and creditors are reorganized, with Loews' Laurence Tisch proposal failing to avert bankruptcy.
MENTIONED IN THIS ARTICLE
New York
B.H. Macy & Co. Inc
Macy
U.S
Macy’s
Edward &. Finkelstein
Macy's
I. Magnin
Bullock's
Loews Corp
Laurence Tisch
Prudential Insurance Co. of America
Tisch
Bud Konheim
Nicole Miller Ltd
Federated Department Stores Inc
Allied Stores Corp
Market mixed as traders await Bush economic proposals
Wall Street edged higher in a subdued session with the Dow up 7.83 to 3240.01 and mixed advances outpacing declines. Volume reached about 191.71 million on the NYSE as investors paused ahead of administration proposals and key economic data.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Standard&Poor
Dow Jones
Allg Pwr
Avemco
Baltge
Bell al
BioWhittaker
Black Dr
Citizens Bank
CSX Corp
Comsat
Stocks of area Interest Quotations Courtesy Ferris Baker Watts Inc
A brief stock quotation rundown from local market pages compiled with data provided courtesy of Ferris Baker Watts Inc. Includes notable price shifts and notable listings among regional equities for investors reviewing area market activity.
MENTIONED IN THIS ARTICLE
Ferris, Baker Watts Inc
Also Mentioned on This Page
Macy's Files
Chicago
Chicago Board of Trade
U.S. Railroad Retirement Board
Souder Road
Brunswick
US. Railroad Retirement Board
Hopkins Plaza
Baltimore
Montgomery Bureau
Rockville
Montgomery County Chamber of Commerce
Giant Food Inc
Grant
Montgomery County
County Council
Bethesda Marriott
Pooks Hill Road
Jeweraper
Fredench News
Rebecca Carr
Exon Ghopee
Fredenck
Oni
Frederick
Oficen Showroom
Pacrch Street
Fredench
Maryland
Gene
Ed Waters Jr
Nails R Us
Antoine Nguyen
Lea Nguyen
Jenny Nguyen
IBM
Kmart
Life Technologies WA
Litton
Lowes
Loyola Corp
Marriott
MCI Comm
Hmnc Fin
Undgd Mercantile
Baokshr Moore Corp
Nationsbank Au Penney
Potom el
Sears
USFG
Wash
Columbia
Tme
Washington St. Hagerstown
Longmeadow Center
Hagerstown
Rosemont Ave
Bo Columbia First Bank
FDIC
Dc,md & VA
Payeys
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