Slight gain in construction spending in April
The Commerce Department reports April outlays at 508.5 billion dollars, up 0.6 percent from March after a 1.9 percent rise. Private construction rose while government outlays fell 2.5 percent to 125.9 billion, with residential spending up 1.1 percent to 241.2 billion and nonresidential up 2.5 percent to 97.4 billion driven by hotels and factories.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Federal Home Loan Mortgage Corp
U.S. manufacturing grows in May as prices rise
Manufacturing expanded for the ninth straight month with a 57.7 reading on the Institute of Supply Management index. A 71.5 price index signaled higher material costs as tobacco, glass, stone, paper and petroleum firms reported the sharpest price increases and delivery delays increased across the 300 manufacturers surveyed.
MENTIONED IN THIS ARTICLE
New York
U.S
National Association of Purchasing Management
Prince Al-Waleed to Invest in Euro Disney Rescue
A Saudi prince pledges up to 500 million dollars to Euro Disney near Paris, aiming to fund a convention center and strengthen the debt ridden park. He plans to buy 13 to 24 percent of new stock and provide a three year 100 million dollar commitment, with Disney retaining up to 49 percent.
MENTIONED IN THIS ARTICLE
Burbank
Calif
al- Waleed bin Talal bin Abdulaziz al Saud
King Fahd
U.S
Citicorp
Saks Fifth Avenue
New York City
Prince Al-Waleed
Euro Disney
Paris
Walt Disney Co
Prince
Disney
Europe
Prince al- Waleed
Michael Disney
Navistar workers reject lower pay hiring plan in Ohio
Navistar International plans to review options after UAW locals rejected a proposal to hire at 70 percent of base pay with a $600 retiree lump sum. Retiree health benefits and future retiree subsidies were cited as inadequate, signaling broader union concerns over long term costs and bargaining outcomes.
MENTIONED IN THIS ARTICLE
Springfield
Ohio
Navistar International
James Cotting
Cotting
United Auto Workers Union
Navistar
UAW
Mike Neese
Indiana
Illinois
Georgia
Maryland
Texas
Urbana
Neese
Springfield-area
Tim Marshall
FBW hosts investment seminar on banking and telecom themes
The Frederick office of Ferris Baker Watts hosted an investment seminar at the Ceresville Mansion led by Jeffery Saut of Ferris Baker Watts who said markets are richly priced but manufacturing offers opportunities. Alex Hart warned of margin squeezes in large banks and urged focus on regional banks. Liam Burke favored mainstream telecoms, Bell companies, U S West, Ameritech, Cincinnati Bell and Rochester Telephone with long distance players viable as activity grows, while cautioning about cable and regulation pressures.
MENTIONED IN THIS ARTICLE
Robert Hooper
Ferris
Baker Watts
Frederick
Ceresville Mansion
Liam Burke
Mr. Hooper
Alex Hart
Jeffrey Saut
Ferris, Baker Watts Inc
Ferris, Baker Watts
Federal Reserve
Mercantile Bankshares
F&m National
Winchester
F&m Bancorp
Farmers National
Annapolis
Maryland Federal Bancorp
Bethesda
FBW
Bell
U.S. West
Ameritech
Cincinnati Bell
Alitel
Rochester Telephone
MCI
Also Mentioned on This Page
National Association of Home Builders
Dow Jones
Ayemco
BioWhittaker
Citizens Bank
CSX Corp
Coca Cola
Comsat
Crown Amer
Fcnb Corp
First United
Giant Foods
GTE Corp
Marriot
Kmart
Life Tech
Loral Corp
Loral Corp A27% Uncigd
Loyola Corp
Marriott
McComm
Y Mercantile Buksht
Nations Bank
Moore Corp
Undiged
Enney
Pepsico Potom el
Udige Sears
Snched
USFG
Washes
Weis
Ferris,aker Watts Inc
the Frederick Netes
Pawel Thulin Eau Eg
Cheon Bt C
Rock Creek Mortgage Corp
Silbiger & Coleman
W. Patrick Street
Afreterick Nefrs
County Chamber of
Chamber of Commerce
Chamber Services Chamber Membership
Mercedes-Benz
Euchn IV Orav
Hagerstown
Toyota, Inc
OAL
Meredes Benz Deatens
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