May durable goods orders rebound boosting factory outlook
May durable goods orders rose 2.3 percent to 101.5 billion led by a 10.6 percent surge in non military capital goods as machinery and plant expansion demand improved. April had seen steep declines in machinery and military hardware, while shipments rose 2.4 percent to 98.1 billion, with overall growth suggesting slower expansion for rest of year.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Commerce
Mialalm Baldrige
Baldrige
Edward Friedman
Real average weekly earnings fall 1.3 percent in May
The Bureau of Labor Statistics reports a 1.3 percent decline in real weekly earnings from April to May due to inflation, with hourly wages up 0.3 percent and hours worked down 0.6 percent. Despite a 0.3 percent CPI rise for urban workers, real earnings drop marks the first decline since February and the largest since 1981.
MENTIONED IN THIS ARTICLE
Washington
API
Bureau of Labor Statistics
Faverank
Burau
Commerce Department
Bureau
Market closes mixed as Dow gains on late blue-chip buying
Wall Street ended higher on Friday with the Dow Jones industrial average up 2.84 to 1131.07 after a session marked by late buying of blue chips. Volume on the NYSE totaled 98.40 million shares, while the Nasdaq composite rose 1.38 to 4401. The S&P 500 edged higher and the broader market showed a cautious tone despite improved weekly gains.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
American Stock Exchange
Dow Jones
London
Alix Py
Avemco Corp
Banetee
Bnehgd
CSX Corp
Clorox
Comsat Bala
Fairchild Ind
F&m National
Fedders
Unehyd
Fst Md
Gen Motors
Genex
Genstar
Hewl P
Inm
Kmart iI
Litton
Lowes
Mack Trk
Marriott Corp
Ilsig Unehyd
MD Natl
Cp Mercantilen
Akshr
Murphy
Phil
Baker Waits , Co
Frederick
Mixed use of advertising funds boosts Frederick County chamber
Chamber members heard a panel explain each channel print radio and direct mail build results. Lisa Williams cited newspaper reach and longevity Wisely chosen pre prints and insert options reach targeted audiences. Hataway noted demographic files cover every US residence narrowing zip code targets to about 450 households. Vaihmeyer cited radio driving action and cross promoting print ads with examples of FedEx and Purolator campaigns. The session led by Daryl Routzahn was at the Cozy Restaurant Thurmont.
MENTIONED IN THIS ARTICLE
Chamber of Commerce
Frederick County
Lisa Williams
Frederick News-Post
Frank Werkmoyer
Wemdw Rtle
Tndan Thomas ‘Tataway
Harte-Hanks Co. A
Willams
Harawhy
Hataway
United States
Resi
Frank Weihmeyer
WFMD
Wfre Radio
Frederick
Daryl Routzohn
Tom Hataway
Harte-Hanks Co
Kitty Reed
Chamber
Ed Waters Jr
Continentals long term revival plan eyed by officials
Federal officials weigh a $4.6 billion plan to revive Continental Illinois National Bank and Trust by separating $4 billion in problem loans into a new bank. The Fed and FDIC could back loans and replace a portion of the earlier $7.5 billion rescue, aiming to attract a stronger buyer and protect depositors.
MENTIONED IN THIS ARTICLE
Washington
Continental Minois National Pank & Trust
Continental
Federal Deposit Insurance Corp
FDIC
ULS
Alan Whitney
Federal Reserve Bank of Chicago
National Bank
Latin American debt burden shared by rich nations urged at Cartagena
Eleven Latin American governments holding more than 350 billion dollars in debts urged the United States and other wealthy nations to share the burden. At a Cartagena conference, ministers debated a continuing mechanism to pressure banks and governments. Chilean officials reported discrimination despite meeting obligations and urged action to protect debtor nations. The group includes Mexico Brazil Argentina Bolivia Venezuela Peru and Uruguay.
MENTIONED IN THIS ARTICLE
Cartagena
Colombia
United States
Jaime del Valle
Chile
Finance and Foreign Affairs
Luis Valencia
Efcuador
Reagan
U.S
Belisario Betancur
Betancur
Edgar Gutierrez
Mexico
Brazil
Argentina
Bolivia
Venezuela
Peru
Uruguay
del Valle
U.S. International Trade Commission
Caracas
Caracas Daily Journal
Wells Fargo Bank of
San Francisco
Also Mentioned on This Page
Chase Econometrics
Friedman
Donald Ratajczak
Georgia State University
the News
Brederek. Mo
Tubs
Standard & Poor
S&p
My Ame
April Bennet
Renn Kirby Leasing
East Sixth Street
D.C
METRO
Vaihmeynr
Viehmeier
Federal Express
Purolator
Daryl Routzahn
Thurmont
Illinois
William Isaac
Fot
Roger Rosenblatt
Uvé
Belfast
Israel
Lebanon
Cambodia
Vietnam
Janes Tygiel
Jackie Robinson
Patrick St
Last Patrick St
Frederichk
Watson’ S
Preskin
He Macintosh
Electrolng Deseide
Imagewriter
Custom Computing, Inc Inc
Frederick ST Hagerstown
Wee Eget Ang
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