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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Sep 29, 1983
Page
7
Secretary Der Regan stated the economic storm has ended, urging calm as regional stocks show interest. Disjointed OCR text mentioning airline sites and World news provides unclear context but hints at financial optimism and potential policy remarks.
The industry posts a $108.9 million first quarter loss as Continental files for creditor protection and Eastern hints at pay cuts. Pilots from 44 domestic airlines plan a nationwide protest to draw attention to the sector’s financial crisis while Republic Airlines wins labor approval on a $100 million cost cutting plan. IMF head warns of 1983 recovery but flags deficits, debt, and protectionist risks.
Governor Harry R. Hughes headlines a Hagerstown luncheon as the fourth in a Maryland series promoting business development through low-cost financing programs. The event features National Development Council guidance, a private three-hour session with state financing experts, and a focus on evaluating company finances and growth potential.
Delta Air Lines will start nonstop Dallas-Fort Worth to Baltimore Nashville and Philadelphia service from December 15. The carrier also adds a third round trip to New York LaGuardia on the same date. The expansion brings DFW departures to 124 and routes to 90 destinations domestic and international.
Capitol Tech completes move from Kensington to a 49500 square foot Laurel campus. Classes start Sept 29 with over 900 students, the largest in school history. New programs in computers and telecommunications, expanded labs and a career center accompany a modern reflecting glass building. Formal dedication on Nov 19 will feature William McGowan and Rep. Steny Hoyer.
New York stock market slid for the second straight day in a subdued trading day. The Dow Jones industrial average fell 6.00 to 1,242.97 after a 12.60 drop yesterday, with volume at 75.82 million shares. Short term Treasuries rose slightly while long term bonds dropped, as brokers Merill Lynch, EF Hutton, Paine Webber, and American Express saw declines in their stock prices.
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