Rate bill clears Maryland House to raise interest ceilings
In Annapolis the Maryland House of Delegates approved a bill to lift ceilings on credit card charges and many consumer loans to 24 percent, with a 33 percent limit on loans up to $1,000. The measure, 80-48, includes consumer safeguards and bans credit-card membership fees, prompting moves by Suburban Bank to shift operations to Delaware. Proponents argue higher ceilings boost Maryland credit access, while opponents say banks benefit too much.
MENTIONED IN THIS ARTICLE
Annapolis
Maryland
House of Delegates
Senate
Pew
Attorney General
Delaware
Fred Rummage
D-Prince George's
House
Rummage
John Pica
Baltimore
Gus
Steven Sklar
Afl-Cio
Sklar
GM and Fujitsu to form U S robot venture in Michigan
General Motors Corp and Fujitsu Fame Ltd of Japan plan a U S based joint venture to design manufacture and sell robotic systems with headquarters in southeastern Michigan. Initially robots will be made in Japan with a Detroit area assembled NC painter system. The venture aims to be a leading force in robotics leveraging GM and Fujitsu technologies.
MENTIONED IN THIS ARTICLE
General Motors Corp
Fujitsu Fame Ltd
Japan
Alex C. Mair
GM Technical Staffs Group
Seiuemon Inaba
Fujitsu
Michigan
Fujitsu Fame
Detroit
Mair
Inaba
Fujitsu Fanuc
Southeastern Michigan
WMAR to replace union walkouts with new staff
Baltimore AP The WMAR-TV management said it will hire new staff to replace 18 AFTRA members who walked off March 1. General manager Arnold Kleiner said notices are being mailed to inform strikers of the replacements, a day after they unanimously rejected the station’s contract offer and extended their four week strike.
MENTIONED IN THIS ARTICLE
Baltimore
Wmar-Tv
American Federation of Television and Radio Artists
Arnold Kleiner
Kleiner
Market Up in Mixed Session on Wall Street
New York stocks ended a sluggish Monday with blue chips showing strength while the broader market mixed. Dow rose 5.90 to 623.32 as Big Board volume fell to 37.10 million shares. Gainers included Procter & Gamble IBM and U.S. Steel. On the AMEX Tyler slid 1 3 to 16. Resorts and Denny's edged higher amid varied activity. Nasdaq closed at 175.50 up .30.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Procter & Gamble
International Business Machines
U.S. Steel
Bally Manufacturing
Ponderosa System
Golden Nugget
Denny's
Resorts International
American Stock Exchange
Tyler Corp
Upjohn
G.D. Searle
Standard & Poor
Future of Banking Panel Forecasts Universal Financial Institutions
A Frederick County Chamber panel foresees banks and thrift institutions merging into universal financial institutions offering lending saving stocks and real estate services. McFarlin Zimmerman and Rough warn deregulation rising costs and tighter margins with management determining which firms survive while farmers face ongoing financial pressure. The discussion also covers IRAs housing grain exports and the need for government collaboration.
MENTIONED IN THIS ARTICLE
Donald Roagh
Ferm Credit
Frederick
Ed Zimmerman
Fredericktons Bank & Trust Co
Charles W. Hoffill
Farmers & Mechanics National Bank
HH. McFarlin
Jake Hansom
Alan
Ed Waters Jr
Chamber of Commerce
Frederick County
H.H. McFarlin
John Hanson Savings & Loan Asso
Fredericktown Bank & Trust Co
Donald Rough
Farm Credit Co
Congress
Zimmerman
Dbfo
Rough
Also Mentioned on This Page
U.S
Roompany
WMAR
Nancy
Nancy's
Sharrow Uct
Hagerstown
Dow Jones
Uae
CSI Corp
Exxon A
Bae Fairchild Ind
Giant St
Gulf Oil RY Hew!p
IBM
Kmart
Litton
Marriott Corp
MD Nail Cp A1
Mercantile
Bokshi
E Mobil
Penney
Peop Dr
Plantro
Sears
Tandy
Texaco
Warner L
Whittak
Woolworth
Baker Watts & Co
Chamber
Wall Street Journal
Jack Anderson
Hoff
Russia
Erni
C.d.’S
Philip A. Berkheimer
Legg Mason
Sheraton Inn
Dukes
Aba
Certified Public Accountant
West Patrick Street
Virginia
D.C
Smithy Capital Properties
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