GM posts $2 billion loss in third quarter
General Motors reported a 2 billion dollar third quarter loss the largest quarterly automotive loss on record as costs from retooling or closing plants weighed on results. Excluding restructuring charges profits fell far short of forecasts while revenue rose to 30.8 billion.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Wall Street
Roger Smith
Douglas Laughlin
Bear, Stearns & Co
New York
Ford Motor Co
Chrysler
Himad Ince
Scott Merris
Morgan, Stanley & Co
Ford
Nationwide
Smith
Robert Stempel
Witegan
Bob Stempel
Gm-Uaw
Kansas City
Atlanta
Framingham
Mass
Pontiac
Mich
Scarborough
Ontario
Lordstown
Ohio
van Nuys
Calif
Ste. Therese
Quebec
Decline in September new home sales hits low mark
Sales of new homes fell 6 percent in September to a 503000 annual pace, the weakest since October 1982. The ninth drop in 12 months, with prices easing to a median of 115000, heightened worries about tax and unemployment amid a dim housing outlook.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Housing and Urban Development Department
Richard Peach
Mortgage Bankers Association of America
Dennla
Paul Getman
Regional Financial Associates
West Chester
South
Midwest
West
Maryland MDOT sells 210 million bonds for highways
Secretary Richard Trainor announced Maryland Department of Transportation sold 210 million Consolidated Transportation Bonds to fund state highway projects. The issue features a 6.7813 percent effective rate, better than the 6.85 percent on the August 1990 issue, with 11-year serial maturities. BT Securities Corp. led the syndicate amid four bids.
MENTIONED IN THIS ARTICLE
Baltimore
Prnewswire
Richard H. Trainor
Maryland Department of Transportation
MDOT
Consolidated Transportation
Trainor
Maryland
Department of Transportation
BT Securities Corp. and Associates
Grain futures on Chicago Board of Trade highs and lows
Trading data shows Wheat, Corn, and Oats futures with fluctuating settlements. Wheat settled around 265 to 286, Corn around 248 to 252, and Oats near 216 to 221 with varied monthly contracts and opening totals, amid active daily volume and price changes.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Hiss Lea
Also Mentioned on This Page
Potomac Edison Co
Public Service Commission
The
International Management Council
Frederick County
Chamber of Commerce
Market St
Frederick
YMCA
Shelby Penn
EasyPay
Blue Cross and
Blue Shield of
Ed Waters Jr
National City Mortgage Co
New Westpark
N. Jefferson St
Shawmut Mortgage Co
National City Corp
Robert Carney
Kim Clark
Judy Schenk
Mary Ann Bochetti
Brenda Krause
Julie Phillips
Mark Karanovich
Federal Reserve
Mark Lasky
DRI
McGraw Hill
Lexington, Mass
Central Bank
Bell Atlantic Mobile Systems
BALTIMORE/WASHINGTON
Tne
Mid-Atlantic
Business Radio Products, Inc
Ocar Sales and Invatictan
Industry Lane
Frederick MD
Victorian Manor
Sat. & Sun
Eelang
MET
IRS
Farmers & Mechanics National Bank
Randall C. Schmidt
CPA McLean
Koehler, Sparks & Hammond
FSK Holiday Inn
F&m Bank
Fem
Farmers and Mechanics National Bank
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