Construction spending posts biggest rise in five months
Washington AP reports September construction outlays rose 1.3 percent to a seasonally adjusted annual rate of 428.5 billion driven by residential and government spending. Nonresidential activity remained weak with total nine month 1992 spending 15.5 percent above 1991. Residential up 1.6 percent led by single family gains while multifamily and private nonresidential continued drag.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
David Seiders
National Association of Home Builders
Seiders
Rohr workers approve three year pact at Hagerstown plant
United Auto Workers members at Rohr's Hagerstown composite bonding facility voted to accept a three year labor agreement covering 350 employees. The contract provides 3 percent wage increases in years one and two and 2.5 percent in year three, plus a prepaid lump sum cost of living allowance. An extra $500 lump sum is paid in May 1995. Employee medical plan contributions rise and 401(k) company match shifts from 50 percent cash to 25 percent stock.
MENTIONED IN THIS ARTICLE
Chula Vista
Calif
Prnewswire
United Auto Workers Union
Rohr
Hagerstown
Interest rates rise on short-term T bills
The Treasury sold 11.8 billion in three month bills at 3.05 percent discount, up from 2.97, and 11.8 billion in six month bills at 3.27, up from 3.22. Three month and six month yields reach highs since late August. A separate Fed report shows one year T bill yield up to 3.50 percent from 3.48.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Federal Reserve
Dollar climbs as Clinton surge sparks rate bets
The dollar rose across markets amid expectations of higher government spending and possible rate hikes if Bill Clinton wins the presidency. Gold futures edged up with bullion near 339.90 per ounce, though a late bid from Republic National Bank showed 338.80. Savings bonds yield 5.04 percent for six months, the lowest since 1982, with rate adjustments every May and November.
MENTIONED IN THIS ARTICLE
New York
Bill Clinton
New York Commodity Exchange
Republic National Bank
Clinton
Bush
U.S
Washington
Treasury Department
Market gains as economy shows strength ahead of election
The Dow rose 35.93 to 3262.21 as market breadth favored advancers about 3 to 2 on the NYSE. Volume reached an estimated 201.62 million shares, with traders betting on momentum before the presidential vote. GM advanced on board changes and dividend cuts, IBM, Merck and GE also higher while bonds fell and yields rose to about 7.66 percent. Nasdaq gained 2.41 to 607.58 and the AMEX index added 0.98 to 382.70.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Bill Clinton
Bush
American Stock Exchange
Stocks of Area Interest
Area stocks move as investors weigh regional company performance. Trading momentum shifts with quarterly results and sector outlooks, as analysts cite local economic drivers and demand signals impacting shares tied to local industry names.
Also Mentioned on This Page
Jon
Jon Wells
Rt. 6
Dickson City
Mr. Wells
Associated Press
Rohr Workers OK
Chicago
Chicago Board of Trade
Lary
Rha
Egiens Ant
Ups
Call Expert Systems, Inc
On Stati Cpa
Home Equity
Mey
Stndee
Piemon
Generel Mortgage Company
Rockville
Mercy Pheeter
Rockwile Pite
General Motors
John Smale
John F. Smith Jr
Philip Morris
International Business Machines
Merck
General Electric
Ford Motor
Chrysler
Dow Jones
Avemco
Citizens Bank
CSX Corp
Home Cail
IBM
Kmart
Life Tech
Litton AB
Itis
Baker Watts Inc
Frederick Underwriters, Inc
Auto Group
LIFE @ HEALTH
Motorola Portable
Mid-Atlantic
Bell Atlantic Mobile
Searce
Bell Atlantic Mobile Systems
Atlentic
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