Weak economy signs emerge from factory orders and claims
Washington reports a second straight drop in durable goods orders with a 3.2 percent fall to 121.5 billion, led by defense. August orders revised down 4.1 percent. Unemployment claims rise to 452,000 for week ending Oct. 12, the highest since May, signaling weakening expansion. Analysts caution about sustainability amid weak data and cautious forecasts.
MENTIONED IN THIS ARTICLE
Washington
Joel Prakken
Laurence H. Meyer & Associates
St. Louis
Commerce Department
John M
Labor Department
FDIC forecasts higher bank failures for next year
Regulators raise the 1992 93 failure forecast to 200 239 banks with assets 86 116 billion. FDIC projects 22 120 billion asset banks may fail, notes uncertainty about deposit insurance fund replenishment and borrowing authority. Acting Chair Howe warns 30 billion borrowing may still be insufficient if conditions worsen.
MENTIONED IN THIS ARTICLE
Washington
Federal Deposit Insurance Corp
FDIC
Tepislatina
Congress
Deposit Insurance Fund
Andrew C. Howe
Donald Riegle
D. Mich
Senate Banking Committee
Howe
Bill aims to block Baby Bells from local electronic publishing
Newspapers and consumer groups backed Rep. Jim Cooper's bill to curb the court approved entry of regional Bell companies into electronic publishing. The measure would allow Baby Bells to publish outside their region but block local ventures unless 50 percent of the market has alternative services and at least 10 percent adopt them, a stance NYNEX opposes as regressive.
MENTIONED IN THIS ARTICLE
Washington
Robert Johnson
Long Island
N.Y
Newsday
Wall Street Journal
Johnson
Consumer Federation of America
Jim Cooper
D-Tenn
House Energy Committee
Cooper
Baby Bells
Hibit
William Ferguson
Nynex Corp
New York
Northeast
Stocks fall as signs of weakness weigh markets
U S stock prices retreat amid signs of economic weakness with the Dow Jones Industrial Average dropping 24.60 to 3016.22 and the S P 500 down 2.87 to 385.07. NYSE volume nears 180 million shares as decliners outpace gainers by more than two to one. Tokyo shares bounce after two day slide as trading remains slow and the yen edges lower.
MENTIONED IN THIS ARTICLE
NEW York
Cyun Judes
New York Stock Exchange
Standard&Poor
Standard&Poor's
Tokyo
Boardwalk Fries opens at Frederick Towne Mall
A new eatery at Frederick Towne Mall offers hamburgers hot dogs and its Boardwalk Fries. Manager Pushkar Bhasin describes the shop as a beach resort style potato creation similar to Ocean City. The 72 seat restaurant employs 12 people including seven students and urges a C average. It serves baked potatoes fresh squeezed lemonade potato skins Pollock Johns famous sausages and barbeque sandwiches fried in peanut oil. For more information call 695-0792.
MENTIONED IN THIS ARTICLE
Frederick Towne Mall
Frederick
Ocean City
Pushkar Bhasin
United States
Mr. Bhasin
Johnnie's
FCC advances plan to let phone firms carry cable services
The FCC moved toward allowing telephone companies to carry cable programs and enhanced video services over their wires. Critics warn of cross subsidies while supporters see potential for competition and economies of scale, with a public comment phase to follow.
MENTIONED IN THIS ARTICLE
FCC
Washington
Federal Communications Commission
Sherrie Marshall
Poote Companies Wiens
Robert Pepper
Sosu
Ervin Duggan
Also Mentioned on This Page
Albertine
Sung Won Sohn
Norwest Corp
Minneapolis
American Newspaper Publishers Association
The
Washington Post
Ferris, Baker Watts, Inc
Dow Jones
Pwr
Avemco
Comsat
Exxon
I Fedders
Fcne Corp
F&m Bancorp First Bank Ord of
General Motors
Giant Foods
GTE Corp
Hech
IBM
Kmart
Litton
Lowes
Loyola Corp
Marriott
Mercantile Bokshi
Moore Corp
Penney
Sears
Whittaker
Bon Ton
Boardwalk Fries
Ed Waters Jr
Richard Kessler
Lloyd Robbins
Pushkin Bhasin
Jennifer Martin
James Mooney
National Cable Television Association
FCNB
Rosemont Avenue
Middletown
Mt.Airy
Walkersville
Fsk Mall
Glessner Alarm & Communication
SS Systems
E. Patrick St
Frederick, MD
W.va
D.J. Andy Cool
Donna Denslow
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