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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
May 18, 1985
Page
7
Local business notes for Frederick Maryland report on market moves, company openings, and economic trends. Highlights include small firm developments, labor data, and consumer spending outlook affecting the regional economy.
A New York University survey finds good looks help men rise to executive levels but hinder attractive women. 113 NYC workers evaluated a fictitious manager, showing attractive women were judged less capable and less integral, while attractive men were deemed more likable and of higher integrity.
The Teamsters union announced that 62,296 members voted 53.2 percent in favor of a new three year contract, with part timers facing wage cuts and a lawsuit challenging the vote claiming 40,000 part time workers were ineligible. The pact raises veteran pay from 13.21 to 14.71 over the term and sets slower progression for new hires under the National Master Freight Agreement.
Stoker the broker utters a cryptic line about his wife to colleagues, prompting speculation about domestic issues and its impact on a trading floor. The remark signals possible personal turmoil affecting professional judgment and market confidence.
Stock prices rose across sectors led by electric natural gas and telephone utilities. Dow Jones industrial average rose 7.29 to 1,285.24 while the utility average surpassed its 1965 peak, trading volume reached 124.63 million NYSE shares, and major indexes hit new highs or near highs.
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