Market inches higher after midweek stock gains in New York
The Dow Jones industrial average rose 2.72 to 2917.57 as advancing issues led decliners 5 to 4. NYSE volume reached 203.39 million shares on the main exchange and 242.51 million including regional and OTC trades. The NYSE composite dipped 0.23 to 205.32 while S&P indices fell and the Nasdaq rose 3.80 to 482.37. American Exchange index closed up 0.76 at 357.68.
MENTIONED IN THIS ARTICLE
NEW York
Wilshire
NYSE
Standard & Poor
S&p
Stocks of area interest
Quotations courtesy of Ferris, Baker Watts Inc Frederick office lists area stocks with brief figures and market activity.
MENTIONED IN THIS ARTICLE
Ferris, Baker Watts, Inc
Frederick
Fay Associates, Inc
Wepar Brehive
Dollar Slides as Nikkei Falls in Thin Tokyo Trading
The dollar edged lower against the yen in Tokyo trading after a two day surge. The dollar closed at 138 40 yen, down 0 10 yen from Tuesday. The Nikkei Stock Average dropped 2473 points, or 0 89 percent, to end at 26 104 65.
MENTIONED IN THIS ARTICLE
Tokyo
GNP shrinks 1.6 percent in last quarter of 1990
U S economy contracted at an annual 1.6 percent in late 1990, a smaller downturn than prior estimates. Gulf War spending cushioned the decline while the Bush administration urged a speedy rebound, citing Brady and improved consumer confidence as signs of recovery to come.
MENTIONED IN THIS ARTICLE
Washington
U.S
Persian Gulf
Commerce Department
Bush
Treasury
Nicholas Brady
Brady
U.S Chamber of Commerce
FDIC Bailout Questions Rise in Banking Debate
Washington AP The House Banking Committee chair Rep Henry B Gonzalez urged the Bush administration to state clearly whether taxpayers will fund any FDIC bailout. He compared to the S&L rescue and noted Congress already committed about 80 billion in public money. The administration proposed FDIC borrowing 25 billion from the Fed and redefining a 5 billion Treasury line to borrow up to 45 billion more.
MENTIONED IN THIS ARTICLE
Washington
House Banking Committee
Bush Administration
U.S
Henry B. Gonzalez
D-Texas
Gonzalez
Federal Deposit Insurance Corp
Public
Congress
S&ls
FDIC
Federal Reserve System
Treasury Department
Tanning salons violate federal warning rules study says
U S PIRG survey of 100 salons in eight states including Maryland found nearly half of 183 tanning machines lacked the federally required warnings. Activists urged stronger safety rules and better enforcement to educate consumers about risks such as premature aging and skin cancer. FDA regulates device makers and requires warning labels since 1980.
MENTIONED IN THIS ARTICLE
Washington
U.S
Public Interest Research Groups
Maryland
District of Columbia
PIRG
Lucinda Sikes
Food and Drug Administration
Corporate profits decline in 1990 signaling deep squeeze
Washington AP reports that 1990 corporate profits from current production fell 3.8 percent to 299.9 billion, with after tax profits up 0.5 percent to 173.4 billion. Economists cite overleverage from 1980s takeovers and sluggish economy as the era’s profit pressures persist, with a cautious outlook for 1991.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Paul Getman
Regional Financial Associates
West Chester
Allen Sinai
The
Boston Co
Mr. Sinai
Also Mentioned on This Page
Dow Jones
Pwr
Avemco
Baltge
Bantec
Ya Bell Ad
C&S/Sovran
Citizens Bank Csx Corp
Ya Comsat
Exxon
Fcnb Corp
F&m Bancorp First Bank
Fred
Frederick Ae Trading Co
General Motors
Giant Foods
GTE Corp
IBM
Kmart
Litton
Lowes
Loyola Corp
Marriott
MNC Fin
Mercantile
Bakshr
Moore Corp
Penney
Potom el
Sears Usfg
Wash Gs
Whittaker
Nikkei Down
Financia
WEEX
Baltimore
Fort Ave
Gov
Chicago
Chicago Board of Trade
Tue
America
Iit Agameereynesluetse
Orelo
Pvs Ono Chor Em CreNom ComitOts
F&m
Feam
Bseesiala Eee
Tra
FCNB
Frederick's
Frederick County National Bank
Banlaig
Frederck
Exey
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