Personal income and spending fall in January in weak start
U S government data show January personal income rose only 0.2 percent to 6.25 trillion while consumer spending slipped 0.6 percent to 5.01 trillion. Analysts attribute the weak readings to weather and the federal shutdown with hopes for February rebound.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Stephen 8. Roach
Morgan Stanley & Co
New York
Sycamore Store May Close After April Dedication
The Sycamore Store a Frederick County landmark since 1928 could close at the end of April due to health issues among owners Melvin and Virgie Bowers. Once a Clover Farm and later a general store offering Texaco gasolines tires red wing shoes and meats the business declined after Md 170 bypass and Weis opening nearby. The family hopes to lease or sell but no solid financial deal exists.
MENTIONED IN THIS ARTICLE
Frederick County
Sycamore
MD 144
Sycamore Flats
Frederick
Marion Coleman
Harry Main
Clover Farm
Texaco
Melvin
Virgie Bowers
Red Wing Shoes
Clarhartt
Bowers
Lily Pons
Jeanie Wilbur
Weis
Springridge
Ed Waters
Two New Park Plaza Businesses Planned in Frederick
Downtown Frederick will gain two upscale ventures at 14 W. Patrick St. Jeanne Piaubert PariSpa will offer personalized skin care and cosmetics through a Methode Jeanne Piaubert franchise with Suzanne Ottinger leading local operations. Cafe Ravel, a French inspired bistro, will feature appetizers soups salads and desserts with an extensive wine list and regular jazz and classical music evenings. Both openings target late May for PariSpa and late June for Cafe Ravel, adjacent to the Weinberg Center. Carlson Travel Network Travel Consultants, founded in 1979 and employing 25 locally, remains a neighbor business.
MENTIONED IN THIS ARTICLE
Frederick
Jack Ottinger
Linda Bromfield
Carlson Travel Network
Jeanne Plaubert
Ottinger
Jeanne Piaubert PariSpa
Methode Jeanne Piaubert
Europe
Suzanne Ottinger
Jeanne Plaubert PariSpa
Nordstrom
Montgomery
Ms. Ottinger
Jeanne Piaubert
Frederick County
Cafe Ravel
Maurice Ravel
Michael M. Stup
Weinberg Center
Treasury bills auction shows mixed short rates
The Treasury sold 152 billion in three month bills at an average discount rate of 4.89 percent and 154 billion in six month bills at 4.80 percent. Three month yields rose to the highest since 5.01 percent on January 29 and six month yields also reached a high since 4.90 percent on January 9.
MENTIONED IN THIS ARTICLE
Roach
Donald Straszheim
Merrill Lynch & Co
Washington
Treasury
Treasury Department
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