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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Mar 08, 1986
Page
5
AVEMCO Corp Frederick has declared a regular quarterly dividend of 15 cents per share payable April 24 to shareholders of record March 28.
National jobless rate climbs 0.6 points to 7.3 percent as February data show deterioration in the labor market. Bad weather in California, Texas oil slumps, and manufacturing layoffs drive the jump, with January understated by 0.1 point. Union and government economists debate the trend as analysts expect a possible late retreat.
New York stocks rose as investors priced in rate cuts abroad and in the United States. The Dow gained 3.23 to 1,699.83 as volume reached 16.41 million on the NYSE, with the composite up 0.23 to 130.38. Broad indexes and NASDAQ also advanced amid Fed discount-rate cuts and lower prime loans.
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