Stock markets retreat as traders mull economic growth data
U S shares drift lower with the Dow shedding 26.27 to 2053.70, the lowest close since June 2. Volume on the NYSE rose, while decliners outpaced gainers by nearly 2 to 1. U S Air Group reports a 21 percent rise in Q2 net earnings to 92.5 million. FDA approves Lunette the acesulfame potassium sweetener from Hoechst Celanese for multiple foods and gums.
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New York
New York Stock Exchange
Washington
Usair Group
FDA
Food and Drug Administration
United States
Sumette
Hoechst Celanese Corp
Somerville
Hoechst AG
Frankfurt
West Germany
Food, Drug and Cosmetic Act
Hoechst
U.S
IBM Rish Dow Jones
Kmart Eye
Litton
Lowes
Loyola Corp
Marriott
MNC
Avemco
Mercantile Bate
Bokshi
Bel Att
Moore Corp
Penney
Plantro
SX Corp
Potom EL He
Citizens Bk
Sears
Unwigd Wash Gs
Mfcnb Corp . Whiltak
Unwigd F&m Bancorp Agate
Fst
Baker Watts & Co.,Inc
Frederick
Alex Brown reports 74 percent rise in earnings
Alex Brown Inc posted a 74 percent earnings increase in the second quarter, though net income fell to 1.9 million and primary earnings per share to 12 cents from 7.3 million and 45 cents a year earlier due to weak trading volumes. President Donald B. Hebb Jr noted the results reflect board strength amid subdued activity.
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Baltimore
Alex. Brown
Donald B. Hebb Jr
Hebb
Alex. Brown Inc
Alex. Brown & Sons Inc
United States
Martin Marietta raises second quarter earnings
Martin Marietta Corp reports about a 21 percent rise in second quarter earnings to 81.4 million dollars or 1.53 a share, from 71.6 million dollars or 1.31 a share a year earlier. Sales also climb to 1.442 and 1.389 billion dollars for the quarter, with six month earnings at 132.4 million dollars or 2.49 a share versus 115.6 million dollars or 2.11 a share.
MENTIONED IN THIS ARTICLE
Bethesda, Md
Martin Marietta Corp
U S economy grows 3.1 percent in spring inflation rises
The Commerce Department reports the economy expanded at a 3.1 percent annual rate from April to June while the inflation index tied to GNP climbed 4.7 percent, the fastest since 1982. White House and economists debate inflation risks and policy responses as revisions boost prior growth estimates.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
White House
Marlin Fitawater
Fitzwater
Revisions Boost US GNP Growth for 1987 and 1985
The Commerce Department says GNP grew faster in 1987 and 1985 after revisions, with 1987 at 3.4 percent up from 2.9 and 1985 at 3.4 percent up from 3.0. 1986 growth was trimmed to 2.8 percent from 2.9, and one quarter contracted 0.8 percent in Q2 1986 instead of a 0.6 percent rise.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Rowth
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Roy F. Weston Inc
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U.S. Environmental Protection Agency
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Coxdo Buildings
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Michael Evans
Perelon
Waverley Drive
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Computerland
Computerl_and
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PC Magazine
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Hewlett- Packard
Mamdek LA Pick
Computerland Mi Wien
South
McCain Drive
ComputerLand Training Center
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