Market Down as Mixed Data Undermines Recovery
New York stocks fell sharply as investors questioned the durability of the economic rebound. The Dow dropped to 3,457.00 with volume around 250.77 million shares by 4 p.m. EST, while the S&P 500 stood at 4537.2 and the Nasdaq Composite at 694.28.
MENTIONED IN THIS ARTICLE
IBM
Dow Jones
Kmart
Lite Tech
Litton
New York
Loyola Corp
AMAX
Ely
F. MCI
Avemco
Baltge
Mercantile
Bell Au
Bakshr
BioWhittaker Oh
Moore Corp
Ys Nations Bank
S Citizens Bank
Penney
CSX Corp
Pepsico
Exxon
Hs Potem
Sears
Serviere
Fcnb Corp
F&m Bancorp
Giant Foods
GTE Corp
Ferris
Hs Baker Watts Inc
Standard&Poor
Standard&Poor’s
Nikkei extends rally on Tokyo Stock Exchange gains
The Tokyo Stock Exchange rose for the fifth straight session as traders warned the rally may fade soon. The dollar edged higher against the yen while the Nikkei 225 closed at 17,904, up 73.46 points or 0.25 percent.
MENTIONED IN THIS ARTICLE
Tokyo
Tokyo Stock Exchange
Record earnings for S&Ls last year shows gains
Washington AP reports the nations savings and loan associations earned a record 5.14 billion dollars in 1992, the best since 1978, up from 1.83 billion in 1991. Regulators have seized 742 S&Ls since 1989 bailout began. about 30 institutions may fail this year. Quarterly results show 1992 fourth quarter earnings 1.12 billion, compared with 1.24 billion in Q3 and 753 million a year earlier.
MENTIONED IN THIS ARTICLE
Washington
Office of Thrift Supervision
Thrift
Resolution Trust Corp
Marriott settles bondholder disputes on spin off plan
Marriott Corp reaches an agreement with major bondholders to amend its restructuring plan. Host Marriott will hold most debt while Marriott International will keep hotel management. Bondholders gain higher yields and extended payback, with about 459 million in intercompany debt moved and 70 million in common stock issued. A separate class action settlement in Baltimore also noted.
MENTIONED IN THIS ARTICLE
Washington
Marriott Corp
Host Marriott
Marriott
Marriott International
Steven Cooper
Anderson, Kill, Olick & Oshinsky
PPM Group
JW Marriott Jr
Marriot Corp
Marrotts
Philadelphia Marriott Hotel
Avaiable
Marrott
FCNB Corp promotes five employees in Frederick
FCNB Corp Frederick announces the promotions of five staff members including Anthony G. Caccese II to assistant comptroller who oversees accounting and reports. Gail R. Coleman, Carla A. Crampton, Beverly Mitchell, Kathy Tasker each advance to consumer loan officer or branch officer roles. The bank highlights prior experience and community involvement for the recipients.
MENTIONED IN THIS ARTICLE
Fcnb Corp. Frederick
FCNB
Anthony G. Caccese II
Caccese
Baltimore Association of Retarded Citizens
Coopers & Lybrand
Cpas
Baltimore
Frederick County
The
American Red Cross
Maryland Association of Cpas
University of Delaware
Mount St Mary's College
Emmitsburg
Gail R. Coleman
Coleman
Lewistown United Methodist Church
Lewistown United Methodist
Gov. Thomas Johnson High School
Carla A. Crampton
Mitchell
Pennsylvania
Kathy Tasker
Mount Airy
Ms. Tasker
Greater
Also Mentioned on This Page
Chicago
Chicago Board of Trade
Boots
Bo Wed
Wed
SBS
S&ls
Frederick Community College Business and Technology Center
Fredenck Community College Business and Technology Center
Frederick
Anthony Caccele II
Gail Coleman
Carla Crampton
Beverly Mitchell
Monty Ahal
Kathy Taster
FONB
FDIC
Consumer Loan Department
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