Beige Book shows slow U S recovery with uneven gains
The Federal Reserve reports gradual improvement in most regions while California weakens. It notes modest gains in manufacturing and housing while nonresidential activity remains weak and auto, aerospace, and defense sectors lag. Hurricane Andrew is expected to boost Florida and Louisiana activity after initial disruption.
MENTIONED IN THIS ARTICLE
Washington
California
Federal Reserve
Central Bank
Robert G. Dederick
Northern Trust Co
Chicago
Labor Department
San Francisco
Cleveland
Dallas
Kansas City
Philadelphia
Richmond
Los Angeles
Paul Getman
Regional Financial Associates
West Chester
United States
Florida
Louisiana
South Florida
Baltimore Bancorp trims staff and plans stock offering
Baltimore Bancorp will save about $1 million yearly by eliminating 32 positions across retail banking and real estate, with a plan to realign the branch network and create a division for troubled loans. The bank, parent of Bank of Baltimore, seeks regulator approval and public stock sales up to $35 million in spring. Stock fell 50 cents to close at 6.125.
MENTIONED IN THIS ARTICLE
Baltimore
Baltimore Bancorp
David
Spillman
Bank of Baltimore
New York Stock Exchange
Market Down on Wall Street as Dow Dips in Mixed Session
The Dow fell 216 points to 3278.69 amid unclear global rate outlook. Trading volume on the NYSE reached about 206.07 million shares as declines slightly outpaced advances. Robert Manekin, longtime Manekin Corp. principal, resigned to join Julien J. Studley Inc. as senior managing director, pending relocation and new regional assignments.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Standard&Poor
Robert Manekin
Manekin Corp
Julien J. Studley Inc
Benl Alantic Declares 65 Cent Q3 Dividend
Philadelphia area stocks note Benl Alantic Corp declares a 65 cent per share third quarter dividend payable November 2 to shareholders of record October 9. The announcement appears in market briefs from PR Newswire covering regional interests.
MENTIONED IN THIS ARTICLE
Philadelphia
Prnewswire
Benl Alantic Corp
Gemini Styling expands staff and services
Gemini Styling at 202 Amber Drive Frederick has added seven stylists and a manicurist. Three new staff join Kathy Woodbridge Karen Willis and Kathleen Dilley bringing years of experience in hair care for men women and children Pedicuring facial waxing now offered. Open hours Monday to Friday 9 am to 9 pm Saturday 9 am to 5 pm. Call 662-3330 for appointments.
MENTIONED IN THIS ARTICLE
Ed Waters Jr
Gemini Styling
Amber Drive
Frederick
Carol Benson
Kathleen Dilley
Kathy Woodbridge
Karen Willis
Roxanne Renner
Amy Abrecht
Roxie Stitely
Tammy Eyler
Tammy Lind Getzandanner
Sandy Farlan
Ms. Woodbridge
Salon
Rockville
Potomac
Ms. Willis
Gemini
Chrysler finds more problems with LH cars
In Detroit AP report Chrysler Corp discovers a serious engine fault in its LH line, halting Ontario production to fix a piston rod break risk in about 1,600 cars. Earlier a washer in steering caused recalls of 4,000 LH models. few sold, no accidents reported.
MENTIONED IN THIS ARTICLE
Chrysler
Detroit
Chrysler Corp
Ontario
Jason Vines
MCI to Market Videophone to Rival AT T Model
MCI Communications will begin selling a videophone from GEC Marconi to its customers early next year with retail availability later. The device costs about 750 dollars, about half the price of AT T's 1499 dollar model, and both offer color video and interactive calls though not compatible with each other.
MENTIONED IN THIS ARTICLE
Washington (Ap
MCI Communications Corp
At&t
MCI
GEC Marconi
Jerry Taylor
Consumer Markets
Taylor
At&t's
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Fed
Studley
Ar. Manekin
270 Technology Park
Ballenger Creek Center
Cloverleaf
Germantown
Stud
Merkland
Algnekin
Txpinds
Columbia
Brian Tracy
Dow Jones
NYSE
New York Gold
AligPwr
AMAX
ATT
Avemco
Baltge
Bell Atlas
BioWhittaker
Citizens Bank
Cs5x Corp
Comsat
Exxon
Fcnb Corp
F&m Bancorp
GTE Corp
IBM
Fairmart
Life
Litton
Ms. Dilley
Walkersville High School
Eagle Vision
Premiere
Potomac River
Eastern Gateway Properties, Inc
Fedge
Ueda
Seminers Neetings
Lee Brohawn
Jefferson
Silbiger & Coleman
Patrick Street
Kathleen Rowley
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