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Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Mar 01, 2002

Page

13

Markets Slip In Tepid Thursday Trading Session

Wall Street ended down as enthusiasm faded amid a lackluster session. The Dow fell 2.4 points to 10,208.1, the S&P 500 slipped 3.16 to 1,100.73, and the Nasdaq dropped 20.36 to 1,731.32 after a mixed batch of data including a 14 percent GDP rise in Q4 2001 and upbeat Chicago area business activity. Analysts cited slow capital spending and ongoing corporate governance concerns despite Greenspan's optimism. Dow component Disney and 3M weighed on equities, while Honeywell edged higher. Overseas markets were mixed with modest gains in Japan and Europe.

New York Wall Street Gateway Chicago Dow Federal Reserve Alan Greenspan Commerce Department Purchasing Management Association of Chicago Institute For Supply Management National Association of Firehasing Management Greenspan Congress Disney Honeywell Enron Arthur Hogan Jefferies Japan Europe France Shuces Board of Trade Chicago Mercantile Exchange

IRS urges electronic filing to reduce common tax errors

Federal and Maryland tax officials advocate electronic filing to cut mistakes such as wrong Social Security numbers and miscalculations on rebates. Officials cite lower error rates with e filing, faster processing, and new state options like direct debit and telefile.

IRS Comptroller’s Office Bers Igeshan Serio Luray State Tax Office Ms. Duray Maryland

CareFirst reports 2001 net income of 92.4 million

CareFirst BlueCross BlueShield posted 2001 income of 92.4 million, up 7.3 percent from 2000, thanks to gains in Washington and Delaware affiliates. Maryland operations lost 19 million, offset by 32 million in investments and other income. Officials cite rate hikes, open enrollment losses, and drug program subsidies as factors. Conversion to for profit and sale to WellPoint at 1.3 billion is under review amid public input. Bank dividend declared by Sandy Spring Bancorp at 17 cents per share for March 21.

CareFirst BlueCross BlueShield Washington Delaware Maryland Mark Chaney CareFirst Hassis WellPoint Health Networks Sandy Spring Bancorp

Archery officials and athletes gather at Nashville event

Bill Offutt of Fox Sport and Balton Frederick attended the 2002 Archery Manufacturers and Merchants Association event in Nashville Tennessee. They met Denise Parker the 1988 Olympic archer and youngest medalist, who now directs marketing and membership for the association. Todd Offutt also attended.

Bill Offutt Fox Sport & Balton Frederick Archery Manufacturers and Merchants Association Nashville Tenn Denise Parker Ms. Parker Archery Association Todd Offutt

Plamondon Firms Give Over 11000 to Red Cross Relief Fund

Plamondon Companies presented more than 11000 to the American Red Cross Disaster Relief Fund. The 16 Roy Rogers Restaurants donated 10 percent of October sales while Courtyard by Marriott and Fairfield Inn by Marriott in Frederick added a per room donation in October. Guests pictured include Mike Henningsen Peter Plamondon Jr Leah Crece Paul Ery and Jim Plaondn with Keith Williams promoted to service manager at Tate Chrysler Daewoo Frederick.

Plamondon Companies American Red Cross Disaster Relief Fund Roy Rogers Marriott Fairfield Inn Marriott Hotels Frederick Mike Henningsen Peter Plamondon Jn Leah Crece Frederick County American Red Crows Paul Ery Jim Plaondon

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