Inventory slowdown signals slower July stock buildup
July stocks in factories and stores rose 0.3 percent, the smallest gain in seven months, as inventory accumulation slows amid weak sales. Durable goods up 0.3 percent, nondurables up 0.2. Sales down 1.2 percent, inventory to sales ratio at 1.43, highest in two years. Federal Reserve meets Sept. 26 to review rates.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
James Annable
First National Bank of Chicago
Annable
Federal Reserve
Hugh Johnson
First Albany Corp
Johnson
Wall Street
Wal-Mart and Sam's Club donate funds to ECDC for development
Wal-Mart and Sam's Club contribute 3000 to the Frederick County Economic and Community Development Commission for local industrial development. The gift is part of a two year pledge to aid job creation with annual funding over two million dollars to attract new industry and support existing firms.
MENTIONED IN THIS ARTICLE
Wal-Mart
Sam’s Club
Frederick County Economic and Community Development Commission
ECDC
Pamela Moulton
Terry Householder
Rick Johnson
Frederick Sam’s Club
Mike Murphy
Frederick Wal-Mart
Local grants back urban economy study in Frederick County
Wal Mart and Sam's Club support praised by Donald R Date ECDC director as a key boost to county funds. Hood College faculty and graduate students will conduct an econometric study on land use and business growth to offset the bedroom community effect, with Hood College and ECDC each contributing $10,000 in services.
MENTIONED IN THIS ARTICLE
Wal- Mart
Sam's Club
Donald R. Date
ECDC
Frederick County
Hood College
Bank earns SBA certified lender status with rapid loan approvals
The SBA guarantees up to 90 percent of a loan value to a maximum of $500,000. First Bank of Frederick gains expedited SBA loan approvals within three days through the Baltimore District Office. About 500 lenders nationwide hold this status, accounting for roughly 25 percent of all SBA guaranteed loans. Charles Gaston praises the bank’s expertise and commitment to small business credit access.
MENTIONED IN THIS ARTICLE
Kelly Hahn
First Bank of
SBA
First Bank of Frederick
Baltimore
Charles Gaston
Dow ends lower as profits lock in amid somber trading
The Dow Jones fell 17.16 points to 4780.41 on Monday as investors booked profits after a string of gains. Tech shares helped pare losses in afternoon trading while breadth remained negative, with volume around 328.7 million. Analysts cited fragile economy and rates outlook ahead of next Fed meeting, with overseas weakness weighing on sentiment.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Dow Jones
Dow
Federal Reserve
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Frederick
Arrederick
Gncago
Chicago Board of Trade
Hagerstown
Estate Planning Council of
Frederick Community College
Kussmaus Hall
A. Macdonough Plant
Esquire
Stewart, Plant & Blumenthal
American College of Trust & Estate
Julius Westheimer
Sun
Wbal Radio
Channel 11
R.s.vp
Bank
Treasury
Japan
Tokyo Stock Exchange
Standard&Poor
Pulao Milioned
FCN Wibank
Antietam
Brunswick
East Frederick
FSK Mall
Mt. Airy
Middletown
Rosemont
Walkersville
Montgomery County
Umascus
FDIC
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