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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Jun 17, 1997

Page

10

All Ford Show Set by Ford Club and Frederick Co

The Mid Maryland Ford Club and Frederick Motor Co plan the fourth annual All Ford Show on Saturday July 12 from 9 am to 3 pm at the Frederick Motor Co Waverley Drive Frederick. It offers 55 classes dash plaques for the first 250 vehicles swap meet car corral door prizes and oldies music by a disc jockey. All Ford or Mercury products and Ford powered vehicles are welcome. For more information call Mike Smith 663-6903 or pick up info at the Parts Department.

Mid-Maryland Ford Club Frederick Motor Co Waverley Drive Frederick Ford Mercury Mike Smith The Ken Foley Gene Yates Elwood Wenzel Ron Bennett

P&G and Gene Logic team on heart failure drug research

Procter & Gamble and Gene Logic Inc sign an 18 month research agreement to study human heart tissue and identify genes linked to heart failure. P&G may extend the program for up to three years with additional funding. Gene Logic will earn royalties on drugs arising from the research and receive upfront and milestone payments totaling up to 23.5 million plus potential US or EU regulatory costs.

Cincinnati Procter & Gamble Co Maryland Gene Logic Inc of Columbia Pharmaceuticals Division P&g Gene Logic Jim Schwartz Mr. Schwartz United States Europe Oxford Bioscience Partners Hambro Health International Inc

Richmond Fed launches Region Focus magazine

The Federal Reserve Bank of Richmond will publish Region Focus starting Wednesday June 25. The bimonthly magazine will cover the Fifth District economy including Virginia Maryland the District of Columbia North Carolina South Carolina and most of West Virginia with profiles columns and features on monetary banking technology and regional development.

The Federal Reserve Bank of Richmond Region Focus Federal Reserve District Virginia Maryland District of Columbia North Carolina South Carolina West Virginia

How to submit items to The Frederick News-Post

The Frederick News-Post invites items and photographs of local interest for business pages. Color or black and white photos are accepted. not all submissions will be used. Group photos should include all service awardees for 10 years or more. Check presentations occur at the News-Post studio only. Send material to Ed Waters Jr, Business Editor, P O Box 578, Frederick MD 21705-0578.

Frederick Patrick St Ed Waters Jr Frederick News-Post

Cuba splits central and commercial banks

Mexico City AP reports Cuba has divided its Soviet era central bank into two institutions, creating a new Central Bank of Cuba to supervise banking, issue currency, and set monetary policy, while the National Bank of Cuba becomes a commercial lender handling foreign debt transfers. Economist Archibald Ritter calls the move a standardization aligning with international practice.

Mexico City Cuba Communist Party Granma Prensa Latina Central Bank of National Bank of Cuba Archibald Ritter Carleton University Ottawa

T-bills fall in Monday auction prices dip

Washington AP reports Treasury sold 10.7 billion in three month bills at an average discount rate of 4.88 percent, down from 4.94 percent last week. An additional 10 billion in six month bills averaged 5.10 percent, down from 5.20 percent, the lowest three month rate since 4.76 percent on Dec. 16 and the lowest six month rate since 5.03 percent on Feb. 24.

Washington Treasury Treasury Department

Oncor engages Lehman Brothers for strategic alliances

Oncor Inc a Gaithersburg developer and manufacturer of gene based cancer detection systems hires Lehman Brothers to advise on strategic alliances and the possible sale of the company.

Oncor Inc Gaithersburg Lehman Brothers

Dow Dips Fraction After Mixed Wall Street Session

Stocks drifted mixed as profit taking cooled a streak of Dow gains while tech shares boosted the Nasdaq to a fresh high. The Dow fell 9.95 to 7,772.09, Nasdaq rose 8.92 to 1,431.95, and S&P 500 gained 63 to 893.90 amid ongoing inflation and corporate results signals.

New York Dow Jones Dow James Solloway Argus Research American Express Procter & Gamble Minnesota Mining & Manufacturing Co New York Stock Exchange Solloway Intel Dell Computer

Grain futures dip as rain and warmth ease crop fears

Wheat and soybean prices slide on the Chicago Board of Trade as weekend warmth and rain improve crop conditions, with corn futures retreating. Weather forecasters expect the pattern to persist, aiding spring wheat, corn, and soybeans in the Midwest.

Chicago Chicago Board of Trade Midwest Dakotas National Weather Service Don Roose U.S. Commodities Inc Texas Oklahoma Kansas U.S. Agriculture Chicago Mercantile Exchange

McCormick Earnings Jump 43 Percent in Q2

McCormick & Co reports a 43 percent rise in second quarter earnings driven by higher sales and profit margins. EPS reach 20 cents, up from 14 cents a year earlier. six month EPS 39 cents, up from 25 cents. Net sales $414 million, up 6 percent. net income $14.8 million, versus $9.3 million a year ago. First half net income $30 million, up from $20 million.

Sparks McCormick & Co

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