Factory operating rate slips for third straight month
The Federal Reserve reported October operating rate at 81.8 percent of capacity, down 0.2 points from September, marking a third consecutive decline and fueling concerns over a possible recession. Economist Allen Sinai warned the risk of recession appears significant as weak data mount. Growth projections for year end suggest anemic 1.5 to 2 percent in Q4, with Q3 growth at 2.7 percent and likely downward revision to 2 percent or less. The Reagan administration had been
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Allen Sinai
Shearson Lehman-American Express
Sinai
Reagan
Wall Street
Federal Reserve
Forecasts clash on fourth quarter growth outlook
ED Waters Jr reports that 1% growth forecast for Q4 clashes with chief Commerce Department economist Robert Ortner who sees sub 3% growth. Ortner expects stronger early 1965 activity and maintains a 4% growth target for next year despite foreign trade deterioration. He cites GM strike and coal stockpiles as key factors.
MENTIONED IN THIS ARTICLE
Commerce Department
Robert Ortner
Ortner
General Motors Corp
U.S
Blue Cross and Blue Shield to consolidate in Maryland
After a seven month stalemate Blue Cross and Blue Shield of Maryland will consolidate and freeze premiums for the Medicare supplement program. State Insurance Commissioner Muhl praised the move expected to save 70 to 100 million annually for 1.6 million subscribers as the two Towson firms share staff but keep separate executives.
MENTIONED IN THIS ARTICLE
Baltimore
Blue Cross
Blue Shield of
Maryland
Edward J. Muhl Jr
Blue Shield
Towson
Thomas H. Sherlock
Nicholas Greaves
Greaves
Muhl
Muh
AFL Formed in 1888 Shapes Local Labor Movement
The American Federation of Labor formed in 1888 becomes a pivotal milestone in regional labor organizing as unions consolidate under a national banner. The formation marks a turning point for workers in the area seeking broader collective bargaining and improved working conditions.
MENTIONED IN THIS ARTICLE
AFL
American Federation of Labor
Stock market ends week with sharp decline
The Dow Jones industrial average fell 18.22 to 1,187.94, below 1,200 for the first time since October, as airline and industrial stocks led losses. Volume reached 63.14 million on the NYSE amid concerns over the federal budget deficit and a slowing economy. The Dow's weekly loss total stood at 31.03 points, while the composite index dropped to 94.70.
MENTIONED IN THIS ARTICLE
Dow Jones
London
Alg Py
Avemco Corp
Am Balt GE
Bell al
CSX Corp
Clorox
Comsat
Exxon
F&m Bancorp
Gen Motors
Genexay
GenStar
Hech
Hewl P
IBM
Kmart
Litton
Lowes
Marriott Corp
MD Natl
New York
New York Stock Exchange
Federal Reserve
Colombian coffee baron surrenders over 105 million bank fraud
Alberto Duque, Colombian coffee magnate and General Coffee Corp. chairman, surrendered in Miami to face a 5 count indictment alleging a 105 million bank fraud, said to be the largest in U.S. history. He posted a 1 million personal bond and could travel abroad after notifying authorities. Other defendants named in a 37 page indictment were expected to surrender soon.
MENTIONED IN THIS ARTICLE
U.S
Miami
Alberto Duque
Charlene Custese
Bamcml
Caroline Heck
Duque
General Coffee Corp
FBI
Pimay
Federal Deposit Insur
Rug Weeee
Stanley Marcus
Also Mentioned on This Page
Business Finance
ED Waters JR
Medicare
Frederick County
North Market Street
Frederick
Bonnie Gann
Mary Eckert
C.A. Miller Lumber CO
Frederick, Carroll & Montgomery Counties
We & Pioneer
Jean-Air
Admiral
Thermador
Ca.miller Lumber CO
Ine
W. Potomac St
Williamsport
Isuzu Award
American Isuzu Motors Inc
FSK
Evergreen Point
United States
Pete Adcock
Gary Stevens
Randy Gibson
Adcock
Dan Ritchie
Isuzu
Cris Ligocki
Dave Fuss
FSK Sales
At&t Sale
Mon
Computerland
Apple
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