Inflation steady as May CPI edges up 0.1 percent
U S consumer prices rose 0.1 percent in May led by energy gains while food costs fell 0.3 percent. Vegetables plunge 14.1 percent and airline fares drop 3.2 percent, offsetting higher gasoline prices and soft wholesale data as economists see muted inflation and potential Fed easing.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
David Jones
Aubrey G. Lanston & Co
CPI
Bruce Steinberg
Merrill Lynch
Federal Reserve
Fed
Jones
Commerce Department
Federal Home Loan Mortgage Corp
Saudi Arabia
Market closes higher after inflation aid buys time
New York assents to a modest stock market gain as inflation data relief sparks late buying. Dow Jones climbs 2.85 to 3354.26 after earlier near 30 point advance, with breadth favorable and volume around 181.8 million shares by 4 p.m. EDT. S&P 500 rises to 409.76, Industrials to 483.85, Nasdaq at 569.52.
MENTIONED IN THIS ARTICLE
New York
Standard&Poor
Standard&Poor’s
Bech
Dow Jones
IBM
Kmart
A Technologies
Allg Pwr
Litton Amak
Va Lowes
ATT
Loyola Corp
Avemco
Marriott
Bakge
Bell Ad
MNC Fin
BioWhittaker
Mercantile
Bakshr
MA Citizens Bank
H Moore Corp
CSX Corp
Nations Bank
Comsat
Penney
Exxon
Potom el
Sears
FCNB
F&m Bancorp
First Bank
Frederick
Ferris, Gte Corp
Baker Watts Inc
Sparrows Point sees peak shipyard employment in four years
Bethlehem Steel Sparrows Point yard reports record employment near four years high, with about 1200 workers as two major contracts drive hiring. A $60 million tunnel project for the Boston Harbor highway and a $25 million Navy dry dock contract created hundreds of jobs and attract daily applicants. Some workers face August dip as repairs finish, but positions remain sought after by welders and machinists seeking security and permanent roles.
MENTIONED IN THIS ARTICLE
Sparrows Point
Bethlehem Steel
Robert A. Fiorelli
BethShip
Boston Harbor
Navy
Rob Larson
Manston
Wis
Baltimore
Larson
High Praise Audio opens in Frederick area for church and commercial systems
Christian owned High Praise Audio Consultants moved to 5712 E Industry Lane Frederick from Gaithersburg to serve churches in Maryland Virginia and Pennsylvania. CEO Robert Bush notes 20 years of sound experience and stresses room design and materials affect audio quality. The firm offers design installation custom cabinets speaker enclosures maintenance and training seminars with service for hearing impaired audiences and portable systems. Contact 662-0444 or 1-800-252-3766.
MENTIONED IN THIS ARTICLE
Ed Waters Jr
High Praise Audio Consultants
Industry Lane
Frederick
Todd Westphal
Glen Knott
Robert Bush
Debby Westphal
Pbusiness
Gaithersburg
Virginia
Maryland
Pennsylvania
Baltimore- Washington
Mr. Bush
Bush
Glenn Knott
High Praise
Tom Tousignant
Flight Instructor Refresher Clinic Set for June in Maryland
The Aircraft Owners and Pilots Association Air Safety Foundation will run a flight instructor refresher clinic June 26 27 at Days Inn Motel Md 85 Frederick starting 6 p.m. Friday ending 5 50 p.m. Sunday with a 135 fee Call 1 800 638 3101 for details Uni Marts declares 25 cents per share dividend payable July 20 to holders of record June 29
MENTIONED IN THIS ARTICLE
Days Inn Motel
Uni-Marts
Frederick
Baker Park
Potomac Edison Reports 1991 Net Income Drop Amid Growth Plans
Potomac Edison posted 1991 net income of 58.2 million, down from 61.6 million in 1990, as the company accelerates plant and equipment investments totaling over 470 million since 1985 to serve 339 000 customers. The firm plans to spend 167 million in 1992 and 197 million in 1993 to meet Clean Air Act amendments requirements, raising capital via stock and bonds while facing rising costs and potential rate increases.
MENTIONED IN THIS ARTICLE
Potomac Edison Company
Thomas J. Klec
Mr. Kloc
Potomac Edison
Allegheny Power System
Maryland
Virginia
West Virginia
Maryland bank chief sees no risk in MNC takeover
Maryland Banking Commissioner Margie Muller says outside ownership has helped 13 Maryland banks acquired in the 1980s grow assets faster than local peers. She notes Maryland attracts investment and expects no major change if MNC Financial Inc. is acquired, though concerns persist about loss of local leadership.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland
MNC Financial Inc
Margie Muller
MNC
Maryland National Bank
American Security Bank
Washington
Also Mentioned on This Page
the Aircraft Owners and Pilots Association
Air Safety Foundation
Bank News
THE
Frederick News-Post
American Cancer Society
East Patrick St
American Cancer
KRUN
Frederick, MD
AP Stock Quotes
Legg Mason Stock Tips
Legg Mason Mutual Funds
Legg Mason Seminars
Legg Mason Wood Walker, Inc
W. Patrick St. Frederick
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