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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
May 24, 1990
Page
12
Chicago futures for wheat and soybeans show tentative moves with fractional shifts in prices and activity. Open interest rises modestly across contracts as traders track minimal changes in Jul Sep and Nov positions amid light volume and small daily gains.
GEICO Corp. announces net income of 46.4 million dollars for the first quarter of 1990, or 3.02 dollars per share, up from 45.4 million dollars and 2.94 per share in the same period of 1989.
The dollar fell to 151.35 yen, down 1.05 from the prior day, while Tokyo's Nikkei 225 climbed 238.21 points to finish at 32,176.51. The move reflects a sharper yen decline alongside equities gains in Tokyo led by gains across the index.
Loyola Capital Corp and its Loyola Federal Savings and Loan announce an agreement to purchase Carteret Savings Bank Maryland branches in Parkville Pikesville Severna Park Owings Mills and Catonsville. Loyola Federal will assume about 360 million in deposits pending federal approval. Neoterik Health Technologies Inc. makes the third straight Auna Tech Fast 50.
The Maryland Manufacturers Directory is priced at $49.50 and obtainable from the Maryland Department of Economic and Employment Development. Requests should be mailed to Post Office Box 447, Bladensburg, Maryland 20710, or information can be obtained by calling 333 6600.
Preston Corp announces for the three months ended March 31 1990 a net loss of 215000 or 4 cents per share versus 1989 profit of 1077000 or 19 cents. Operating income fell to 3085000 from 5149000 while revenues grew to 161017000 from 152429000 for the first quarter 1989.
Coca Cola issued full page ads in several papers warning consumers not to drink from MagiCan prize cans. A very small number are defective with mechanisms detaching or prizes not ejecting. Chlorinated water used to simulate a regular can has leaked out. ads include a toll free number for defective cans.
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