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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Sparks
McCormick & Co
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