New officers named for 1992 93 in Blue Ridge Group
The Blue Ridge Group of Financial Women International installed new officers for 1992 93. Patricia Harris is state president, with Sharon Hahn Susan O Toole Delores Rice and Ruth Ann Barron serving as officers. The group meets 6 p.m. on the first Thursday monthly at Dutch's Daughter Restaurant with visitors welcome. For information call 662 825 ext 212.
MENTIONED IN THIS ARTICLE
Blue Ridge Group
Financial Women International
Patricia Harris
New State
Fredericktown Bank & Trust Co
Sharon Hahn
Frederick County National Bank
Susan O'Toole
Fredericktown Bank
Delores Rice
Farmers & Merchants Bank
Hagerstown
Ruth Ann Barron
Industrial Production Drops in August amid recession doubts
Washington economists report an August 0.5 percent drop in industrial output across factories, mines, and utilities, with Hurricane Andrew and a GM parts plant strike cited as factors. Capacity use slid to 78.5 percent while inventories rose 0.1 percent to 832.9 billion and sales climbed 0.8 percent to 558.5 billion in July. We face a flat growth path and potential stagnation through year end.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
General Motors
John M. Albertine
Evelina Tanner
Prime Economic Consulting
Chicago
Fed
Tanner
Commerce Department
IMF cautions on world economy in modest 1992–93 rebound
The IMF warns that global growth will be modest in 1992 and 1993, with 1992 at 1.1 percent and 1993 at 3.1 percent, trimmed from earlier forecasts. Risks are largely negative, including currency turmoil and U.S. budget deficits, amid renewed Western currency cooperation and kept by higher European rates.
MENTIONED IN THIS ARTICLE
Washington
International Monetary Fund
IMF
Fleming Larsen
U.S
Byron bill expands contracts for small and disadvantaged firms
Rep Beverly Byron introduces a law changing the Defense Logistics Agency set aside for clothing and textile contracts. Half of contract funds must go to small and disadvantaged firms. the other half remains open to larger producers. Byron cites Western Maryland jobs from London Fog plants in Boonsboro Hancock and Hagerstown and notes firms moving from small to large status.
MENTIONED IN THIS ARTICLE
Beverly B. Byron
6Th
Defense Logistics Agency
Byron
Congress
Maryland
London Fog
Boonsboro
Hancock
Hagerstown
Defense Department
S&L profits rise as regulators cite low rates
Savings institutions earned 1.27 billion in Q2, the second straight quarter above 1 billion, helped by low rates. Despite a drop from Q1, first-half profits tripled 1991 levels, with Maryland S&Ls posting 6 million. Officials warned of rising rates and noted 1,079 fewer thrifts year to date.
MENTIONED IN THIS ARTICLE
Washington
Office of Thrift Supervision
Savings and Loans
Maryland
Timothy Ryan
S&ls
Ryan
Martin Regalia
Savings and Community Bankers of America
S&l
Congress
S&1
Resolution Trust Corp
S&l5
RTC
R. Dan Brumbaugh
Federal Home Loan Bank Board
Thrift Office
HomeFed
San Diego
Beneficial reports 14 percent rise in Q2 earnings
Beneficial Corp reports a 14 percent gain in second quarter earnings with $43.0 million in net income versus $37.8 million a year earlier. EPS up to $1.9 from $1.48. First half 1992 operating earnings reach $85.8 million, up 18 percent, with EPS at $3.29, up 7.4 percent from $2.98.
MENTIONED IN THIS ARTICLE
Wilmington, del
Beneficial Corp
Frederick NCMA Chapter to Meet with Guest Speaker
The Frederick Chapter of the National Contract Management Association meets Tuesday October 13 at Sigwick Supper Club Jefferson Street Frederick. Guest speaker James Hostetler discusses federally funded research and development corporations. Last meeting featured David R Collingham on total quality management. For information call president Mark Bevington at 428-6432.
MENTIONED IN THIS ARTICLE
Frederick
National Contract Management Association
NCMA
Sigwick Supper Club
Jefferson Street
James Hostetler
Mark Bevington
David R. Collingham
Also Mentioned on This Page
Britain
London
Western
Europe
Pocket Security
Ed Waters
Larry Seaman
Quorum International
Mr. Seaman
Lee Hill Circle
Monrovia
Byron Bill
Ncma Meeting
Silbiger & Coleman
W. Patrick Street
Waser
Nations Bank
Tate Chrysler
Plymouth
Chrysler
NEW Yorker
Fifth Avenue
Lebaron
Chrysler-Plymouth
Frederick, Inc
LES E
ARTS
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