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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Nov 29, 1996
Page
11
Melbourne AP reports Andre Agassi will skip the 1997 Australian Open to rest after winning in 1995. He plans to compete in the Compaq Grand Slam Cup next week then take a two month tennis break, with the Open set January 13 to 26 at the National Tennis Center.
Atlanta Braves finalize an extension with lefty Denny Neagle worth 18 million over four years after adding Cy Young winner John Smoltz to a high paying roster. Neagle, 28, will earn 3.5 million in 1997, 4.5? million in 1998, and 4.75 million in 1999 and 2000 with a 5.25 million option for 2001. The team aims to preserve its strong rotation as they pursue long term deals with Greg Maddux and Tom Glavine.
In New York the No. 6 Duke faces No. 20 Indiana in the Preseason NIT final as Steve Wojciechowski anchors Duke's backcourt. Indiana guard A J Guyton leads the Hoosiers, while Duke aims to extend a legacy of top point guards under coach Mike Krzyzewski.
Christina Brown set a house record at Terrace Lanes with a 298 game part of a 651 set, plus a 244 game. Kathy Ford posted a 692 set and several high games. Richard Gabovitz achieved his third 300 in two years during Friday action. Other notable scores included Brent Taylor 713 and Dave Khpp 725.
Bellwether tech shares buoyed the Nasdaq to a third straight record while Dow Jones slid 29.07 to 6,499.34 ending a two-day loss streak. Broad markets were mixed as bonds reversed gains on upbeat data. Durable goods orders rose 0.1 percent in October as sentiment improves ahead of holidays. University of Michigan sentiment rose and factory managers signaled higher manufacturing activity, tempering hopes the Fed may pause rate hikes. Ned Riley of Bank of Boston warned any Fed pivot could hurt bonds amid rising demand. The Commerce Department also released data on orders for big-ticket products.
U.S. economy posted a 2 percent annual growth rate in Q3, revised down from 2.2 percent. Bond yields fluctuated with 30-year Treasuries near 6.4 percent, while stock indexes showed mixed moves. Nasdaq rose 6.12 to 1,287.32, but S&P 500 fell 0.96 to 755.00 as NYSE volume eased to 380.49 million shares. Terms: Intel up 2.625, Microsoft up 1, Texas Instruments up 2.75, Disney down 2 percent, oil shares weak on Iraqi supply fears. Overseas markets mostly down.
A class action against about 33 major brokerage firms accuses Nasdaq traders of overcharging investors from 1989 to 1994. The expanded suit may cover up to 6.3 million investors, with two dozen plaintiffs pressing for broader liability while firms argue the scope remains modest and not tied to the Justice Department settlement.
Flowers by Candy debuts at Discovery Crossings in Walkersville offering roses carnations lilies stuffed animals wreaths and gift baskets. Owners Candy and Steve Bowers list Mrs Bowers 21 years florist experience and awards including a National Design Award. Open house set for Dec 68. call 898-5688 for details.
Chicago wheat declines on Sri Lanka purchase and Brazil buying rumors. Corn falls with wheat while soybeans rise on strong seasonal trend. December wheat 4.00 a bushel, corn 2.72, oats 1.515, soybeans 7.15 a bushel. livestock and pork bellies mostly higher on light volume trading.
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