Stock market declines as Fed stimulus hopes fade
New York on Wednesday the Dow fell 13.87 to 2,557.42 after gains earlier in the week. Volume on the NYSE floor reached 148.02 million shares with 599 issues up, 883 down, 499 unchanged. broader indexes and NASDAQ also declined, signaling a broad market retreat.
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Giant Foods
Dow Jones Industrials
Nys
IBM
New York
GOED
Kmart
Litton
Ty Ally Pur Lowes
Liz Att
Loyola Corp
Avemco
Marriott
Ly Bantec le Inched Mercantile Bell
Bokshi
Po Biava
Peamoote Lotp
C&s
Sovran
Hk Penney
CSX Corp Bryaay Bs
Potom el
Ys Citizens Bank
Sears
Clorox
Exxon
Unedgd Whittaker
Fcnb Corp
F&m Bancorp
First Bank
Frederick O
Trading Co
Ferris, Baker Watts, Inc
General Motors
Frederick
Federal Reserve
New York Stock Exchange
Wilshire Associates
NYSE
Standard & Poor
S&p
American Stock Exchange
Textile import bill heads to Bush for third time
Congress sent a bill limiting imports of textiles clothing and shoes to the White House for a presidential veto. The measure would cap growth at 1 percent annually and freeze shoe imports at 1989 levels. Supporters cite job erosion while opponents warn higher prices and retaliation harming exports.
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Washington
Congress
U.S
White House
Bush
United States
Ed Jenkins
D-Ga
House
Senate
Reagan
America
Uruguay
Dan Rostenkowski
D-Ill
Ways and Means Committee
Seoul
David Dreier
R-Calif
Tom DeLay
R-Texas
Canada
Israel
S&L bailout seen benefiting nationwide, not just Southwest
The Congressional Budget Office says the federal rescue of failing savings institutions spreads costs and gains across regions. GAO puts bailout costs at 335 to 370 billion over 43 years, potentially rising to 500 billion if economy worsens. RTC warns upfront funding could save 3 to 4 billion annually, with ongoing bills through the decade.
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Washington
Southwest
Congressional Budget Office
S&l
Robert D. Reischauer
House
Ways and Means Committee
Reischauer
Ius
Congress
Northeast
Texas
Sun Belt
Midwest
S&ls
Resolution Trust Corp
Charles A. Bowsher
General Accounting Office
GAO
Bowsher
Bush Administration
FCC approves price caps to lower local phone rates
The FCC on Wednesday adopted price cap rules for the eight largest local phone companies to cut interstate charges starting January 1, 1991. Lower charges to long distance firms should translate to cheaper long distance service, marking a continuation of the shift away from rate of return regulation that previously governed AT&T. The move follows criticism of 1988 bailout deals for banks and thrifts amid concerns over taxpayer costs.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
FCC Sai
FCC
Commission
American Telephone & Telegraph Co
At&t
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D-Minn
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People’s Counsel
Ee Sovran' Equity Mortgage Corporation
Sorin Financial Corporation
Waverley Dr. Frederick, MD
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ComputerLand of
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Sysdyne
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Peachtree
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Ted
Lear
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