Summers Named Treasury Head After Rubin Resigns
In New York AP reports, markets rallied from earlier losses after Treasuries Secretary Rubin quits and Lawrence Summers is named as his successor. The Dow closed down 25.80 at 11,000.40 as investors weighed Summers’ upcoming Senate confirmation and a potential policy shift, with S&P 500 up 8.39 to 1,364.00 and Nasdaq up 39.86 to 72,606.54.
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Treasury
An Rubin
Dow “Jones
Clinton
Mr.in
Lawrence Summers
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Rubin
Rubin News
Standard & Poor
Summers
Senate
Ned Riley
BankBoston
Riley
Federal Reserve
Greenspan
Jsna
Kmart
Life Tech
Lockheed
Lowe's
Mariott
Alcoa
Fa Mercantile Alleg Eargy
Bokshi
Alpha Ind
MAMSI
Ap Neatel
BankAmenca
Mryan
Bell
Oribital Black & Decker
Cambrex
PennNat
CSX Co
Jcpenney
Pepsico
Coca Cola
Potom EI
Yni Safeway
I'N Constellation
Ear
A Crown Amercan Sun Trust
Exxon
St. Paul
Fcnb Corp
IDA Ts Toys R Us
F&m Bancorp
A Airways
Furst Union
Worldcom
First United
WalMart
Weis
CTE Corp -2
GaPacific
Home Depot
Ferris Baker Waits
Markets steady as Rubin Summers feud echoes in equities
Stocks of area interest reflected a historic eight year advance while Rubin Summers navigated resignation chatter. Analysts noted Greenspan’s ongoing Fed leadership as 30 year bonds held near 5.82 percent. IBM jumped to 225 after revealing a 20 billion bit storage disk, and a Nintendo chip contract boosted Declin ing Issues. NYSE volume 828.20 million shares, indexes mixed with gains in AMEX and Russell. International markets showed Japan up 1.22 percent while Europe split with mixed moves across DAX CAC and FTSE.
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Summers
Rubin
Greenspan
Fed
Treasury
Citigroup
Alcoa
Exxon
Chevron
IBM
TBM
Nintendo
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American Stock Exchange
Tokyo
Europe
Frankfurt
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London
Chat N Chew to become Rose Creek Inn in Frederick
New owners Terri Ransey and Sue Wenthold take over the East Patrick Street restaurant after ten years of operation. The site will keep most of the menu but add a Sunday brunch and possible all you can eat crabs. Bar service is expected to resume in about six weeks.
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Frederick
Patrick Street
Rose Creek Inn
Charles Fogle
Mr Fogle
Terri Ransey
Sue Wenthold
Ms. Wenthold
Gaithersburg
Ms. Ransey
Grain futures edge higher as soybeans slip
Grain futures rose on the Chicago Board of Trade while soybeans fell. Wheat gained after the USDA forecast winter wheat output at 1.61 billion bushels and planted area at 36.3 million acres, a potential 9 percent drop from 1998 and the smallest area since 1971. Corn crept up as rains slowed Midwest fieldwork.
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Chicago
Chicago Board of Trade
U.S. Agriculture Department
Midwest
Black Magic Kennels Offers Dog Day Care in Frederic
Black Magic Kennels in Frederic offers weekday dog and puppy day care from 6 a.m. to 6 p.m. Aggressive dogs are not accepted and the final decision on acceptance rests with owner Dr. Sandra K. Woods.
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Black Magic
Black Magic Kennels
Frederick
Sandra K. Woods
Gambrill Park Road
Dr. Woods
Sears launches largest appliance online site
Sears Roebuck & Co introduces www.sears.com as the largest ever Internet outlet for major appliances. The site offers color brand and size search, price ranges, on sale indicators, and links to Craftsman tools. It dwarfs ValueAmerica.com in size and promises a major push into e commerce.
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Chicago
Sears, Roensbuck & Co
Sears.com
Sears
ValueAmerica.com
Creekside Counseling Center Opens in Frederick Downtown
Creekside Counseling Center opens at 224 E Patrick St Frederick with six licensed professionals including Sky Cappucci Dr Mary Gallagher and Joanne Hockman offering services for mood anxiety parenting family issues marital and school problems The open house is scheduled Sunday May 16 from 12 30 pm to 5 pm with mood monitoring Biodots and items from local artisans featured weekdays 682 9220
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Creekside Counseling Center
E. Patrick St
Frederick
Carol Mathers
Folly King
E. Patiick St. Frederick
Christian Brandt
John King
Ms. King
Sky Cappucci
Mary Gallagher
Joanne Hockman
Frances Lieberman
Donaldson
Classic Mortgage expands services through Farmers & Mechanics network
Farmers & Mechanics National Bank and Home Federal Savings Bank extend Classic Mortgage reach via community offices across Frederick Montgomery Carroll Howard Washington Allegany and Baltimore counties plus Adams County Pennsylvania. Key executives Chris Applegate Julie Donat and Ron Antrim lead a team offering a full range of residential mortgage products and a construction to permanent loan option. V-ONE Corp reported Q1 1999 revenue of 17 million with a 2.2 million loss.
MENTIONED IN THIS ARTICLE
Farmers & Mechanics National Bank
Home Federal Savings Bank
Classic Mortgage
Monocacy Bankshares
Farmers & Mechanics
Frederick
Montgomery
Carroll
Howard
Washington
Allegany
Baltimore
Adams County
Pennsylvania
Hagerstown
Chris Applegate
Bank For Life
Mr. Applegate
Applegate
Julie Donat
Ron Antrim
Donat
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Credit Suisse First Boston
Mr. Summers
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U.S
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Ba Waters Jr
Chat
ED Waters JR
News-Post
Shockley Honda
MD. 85
American Honda
Morgan Keller
IGEN
Gatthersburg
Igen International
John Wayne Cancer Institute
F&m Bank
V-One
V-One Corp of
Germantown
Neesket
Mag Griffin
Donna Cornelius
Mark Poslosky
Julie Faith
Clarence Brown
Merrill Lynch
Patrick St. Frederick, MD
Claudette Boudreaux
Charles Coffey
Concome
Wanuel Furie Pespart
Mielor Economic Tnicators
Scottsdale Securities, Inc. Discount Stock Brokers
Monroe Street Plaza
Rockville
SIPC
Scattrade Com
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