April retail surge and steady wholesale prices signal growth
Wholesale prices were unchanged in April while retail sales jumped 2.9 percent led by cars and furniture. Analysts and White House officials touted the data as proof the economy remains strong with inflation not reigniting, with experts forecasting continued growth into the second quarter and potential risks from deficits and policy.
MENTIONED IN THIS ARTICLE
Washington
White House
Allen Sia
New York
Leitman Brothers Kuhn Loeb Inc
Larry Speakes
Commerce Department
Jerzy Jasinowski
National Association of Manufacturers
Sinat
John Opel
IBM Corp
Business Council
Hot Springs
Treasury
Donald Rowan
Delaware court halts Shell bid on fairness questions
Delaware Chancery Court delays Royal Dutch Shell bid for 20 days, ordering Morgan Stanley to disclose internal valuations and reserves, warn that the price may not reflect full facts. The ruling leaves 91 a share cited by Shell under scrutiny and allows continued share tendering.
MENTIONED IN THIS ARTICLE
Shell
Beaufort Sea
Alaska
Morgan Stanley
Maurice A. Hartnett
New York
David Duffy
Royal Dutch Shell
Royal Dutch-Sheil
Hartnett
Spnv Holdings
Stephen Lowey
Royal Dutch
Lowey
Market decline persists as stocks end broadly lower
New York trading closes with the Dow down about 10 points on the week after a volatile session. Tech shares slump while retail, steel, paper, financials, and airlines retreat amid slim NYSE volume. Nasdaq composite ends at 250.57, down 2.34.
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New York
New York Stock Exchange
Superor Oil
NYSA
Mobil
Down Bie de Libis
Computer Vision
Dagtal Equipment Ue
Motorola
Perkin Elmer LM
di Jones
London
AVE
MCO Corp
Aha
Balt Undigd
Handec
Undigd
Hell
Hlack Dratty
CSX Corp
Biss
Clorox
Comsat
Exxon
Fairchild Ind
Fedders
Gen Motors
Genex
GenStar
Hech
Unehad
Hewl
IBM
Alta Kmart
Tatton
Marriott Corp
MD Natl
Jt Unwild Mercantile
Bakshr
Murphy
Phil Wa
Penney
Potomai
Ryan Hames
Safeway
Sears
Baker Watts &Co
Frederick
Blue Cross rewards executives with performance bonuses in Maryland
Blue Cross of Maryland awarded bonuses averaging 105 percent of salaries to 13 top officers, in addition to raises. The insurer will not disclose bonus or salary figures. Board chair Albin Kuhn says pay is linked to performance. Blue Shield declined to similar bonuses.
MENTIONED IN THIS ARTICLE
Baltimore
Blue Cross of Maryland
Blue Cross
Nicholas Greaves
Greaves
Straiht Satiry
Albin Kuhn
Blue Cross Board of Directors
Kuhn
Thomas Sherlock
Evening Sun
Fle
Blue Shield
James
Maryland
Sherlock
AST
Blue Cross Board
ATMs a Haven for Crooks and Customers Alike
A Department of Justice report on electronic banking warns of vast crime potential in ATMs and cyber theft. It notes PIN piracy, bank employee theft, and robberies at poorly guarded machines, with losses not yet precisely quantified. Experts urge consumer vigilance and concrete safeguards to reduce risk.
MENTIONED IN THIS ARTICLE
Department of Justice
Patricia Tengel
University of Maryland Cooperative Extension Service
UMCES
Tengel
Ms. Tengel
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Carpets Unlimited
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Spain
Ed Waters Jr
Chancery Court
Royal Dutch-Shell
Netherlands
Britain
Hon Corp
Delaware
Houston
Royal CattlShell Cartier
Frank Oleon
Baughman's
Frederick Contractors
Lesa Kreitz
Eft Taylor
Happy Birthday
Slim
Pearl “Slim
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Center
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