Leading Economic Indicators Fall in January Signaling Mild Recession
The Commerce Department's Index of Leading Economic Indicators dropped 0.4 percent in January, the sixth consecutive decline. Analysts say the modest drop points to a shallow recession, with recovery unlikely before May or June. Bush administration forecasts align on a mild contraction before a midyear rebound.
MENTIONED IN THIS ARTICLE
Washington
Robert Brusca
Nikko Securities Co. International
Commerce Department
Gilbert Benz
Swiss Bank Corp
New York
Benz
National Association of Purchasing Management
Regulators release accounting changes to spur bank lending
Federal regulators issued a package of accounting changes to spur lending and ease the credit crunch. The joint action by the Federal Reserve Comptroller of the Currency Office of Thrift Supervision and FDIC aims to give a clearer picture of bank health and encourage prudent loans while critics warn of masking weaknesses and increasing bailout risk.
MENTIONED IN THIS ARTICLE
Washington
Bush
White House
Federal Reserve
Comptroller of the Currency
Office of Thrift Supervision
Federal Deposit Insurance Corp
Jim Leach
Kiowa
S&ls
FDIC
Eastern Sues Dukakis Campaign Over Fees in Miami Suit
Eastern Airlines sues the Dukakis for President and Dukakis-Bentsen committees in a Miami federal case seeking 444,830 dollars claiming breach of contract for use of the carrier. The airline halted flights January 18 after 62 years amid a 3 billion dollar debt.
MENTIONED IN THIS ARTICLE
Miami
Eastern Airlines
Michael Dukakis
Eastern
Dukakis For President
Dukakis-Bentsen Committee
Texas
Lloyd Bentsen
Karen Ceremiak
Boston
Dan Taylor
Dukakis
Machinists Union
Ford to Cut White Collar Jobs Amid Cost Cuts
Ford Motor Co frames a $3 billion expense reduction with $1.5 billion in additional white collar layoffs atop prior cuts, signaling a cautious automotive rebound after the Gulf War. Chairman Harold Poling urged slow recovery in auto sales as the Big Three plan broad layoffs next week across 17 plants. Interest rates rose for 30-year fixed mortgages to 9.40 percent, with one-year ARMs at 7.53 percent, per the Federal Home Loan Mortgage Corp. report.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
Harold Poling
Gulf
Iraq
Kuwait
Poling
Washington
Federal Home Loan Mortgage Corp
Stocks of area interest Quotations courtesy of Ferris Baker Watts
The update lists area stocks of local interest with quotations provided by Ferris, Baker Watts Inc Frederick office. Traders monitor market movements and note price shifts across regional shares.
MENTIONED IN THIS ARTICLE
Ferris, Baker Watts, Inc
Frederick
Market rises modestly as Gulf War outlook improves
New York shares firmed on Friday closing the week higher amid expectations of economic activity after the Gulf War. The Dow Jones industrial average rose 27.72 to 2909.90, with 953 advances, 644 declines, and 446 unchanged on the NYSE. Volume totaled 221.51 million shares on the floor, while the consolidated NYSE volume reached 268.63 million. Broad indices advanced with the Wilshire 5000 up 29.08 billion, the NYSE composite gaining 1.69 to 202.39, and the S and P indexes climbing, the NASDAQ up 3.68 to 456.73. The AMEX rose 2.01 to 348.14.
MENTIONED IN THIS ARTICLE
Dow Jones
NEW York
Allg Pwr Att
Avemco
Baltge
Bantec
Bell Ati
Black Dr
C&S/Sovran
Citizens Bank
CSX
Lowes
Loyola Corp
Marriott
Mercantile Bakshi
Moore Corp
Penney
New York Stock Exchange
Wilshire Associates
NYSE
Standard & Poor
S&p
Yen rises? Dollar strengthens on Middle East demand
The dollar jumped against the yen in Tokyo amid expectations postwar reconstruction contracts will boost demand for U S currency. The Nikkei 225 fell 27.65 points to 25,651.57 as Tokyo share prices retreated. The dollar finished at 134.25 yen, up 2.30 from Thursday’s 131.95 yen.
MENTIONED IN THIS ARTICLE
Tokyo
Middle East
Tokyo Stock Exchange
Grain and Livestock Prices and Auctions Across Maryland and Pa
Grain futures at Chicago Board of Trade report fractional gains in Wheat Corn and Oats with bids and open interest up. Regional livestock markets from Green Castle Frederick Woodsboro and Hagerstown publish detailed cattle hog and sheep price quotes, hay auctions, dairy and bullock values, and farm calf costs for late February to late February 1991, noting steady to firm demand and varied loads sold across multiple markets.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Thu
Also Mentioned on This Page
Michael Boskin
President’s Council of Economic Advisers
Congress
New England
Sues Dukakis
Ford
Nikkei Down
Market Street
Thor
Baltimore
Fort Ave
AIA
Vapre Bro
Agicountain Chimney Service
MEIC
Kohler Plumbing Products
Kohler Co
Kohler
Lowe's
P.O
Greencastle
Greencastle, Pa
Tesy Frederick
Alel
Woodsboro
Woodsboro Livestock Sales
Hagerstown
Four States Livestock Sales
Willowdale Auction Co
Westminster
Timothy
Westminster Liverock
W. Steers
Westminster Livestock Auc
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!