Existing home sales rise as stock market falls on weak dollar
Existing single family home sales rose 2.9 percent in November to a 3.92 million unit annual rate led by the South as prices climbed 1.9 percent to a median of 80 900 dollars. New construction contracts edged up 1 percent while stock prices slid with the Dow dropping 18.28 points to 1912.12 in a bond driven market.
MENTIONED IN THIS ARTICLE
Associated Press
Wall Street
U.S
National Association of Realtors
South
HewlPk
Hutter
ITC
EA Jrivers
JohnJn
JoyMig
Kmart
Motorla
Ownllls
Paege
Panam
Prmuan Ge Pepsic
Bat My Pfizer
Vy Philae
PhilMr
PortGc
RJR Nbi
Sears
Schimb
Singer
Unitet
Alero
WalMrt
Warnrl
Wstge
Winth
Xerox
Pierre R Smith
Acme Cleve
Aled Corporation
Centerior
Central Bancorp
Creston livestock sale nets 327 consigners 909 head
Creston Auction saw 327 consignors sell 909 head of livestock Monday including two goats. Calves earned 45 to 99 dollars, cattle included choice steers 60 to 64 and good beef cows 37 to 40, with 22 hay and straw loads also listed.
MENTIONED IN THIS ARTICLE
Creston
Leading indicators rise 1.2 percent in November
The Commerce Department reports the Index of Leading Indicators up 1.2 percent in November, the largest gain in seven months. Analysts caution against overinterpreting the jump, noting it may reflect short term activity and not sustained growth, with raw materials prices driving the surge and inflation concerns rising.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Economy shows mixed October November gains with tax-spill timing
The Commerce Department reports a 1.2 percent November rise in the leading index but removes net business formation from the series citing deterioration as a measure. Analysts note tax-break rush may inflate short term figures while GNP growth is seen near 3 percent for Oct-Nov but likely to slow in Jan-March, with some forecasters predicting negative growth. Michael Evans predicts a 1 percent annual GNP drop for Q1.
MENTIONED IN THIS ARTICLE
Group of Statistics
Michael Evans
Washington
Texas Air buys People Express in largest airline merger
Shareholders approve a 115 million buyout by Texas Air Corp forming the nation’s largest airline. People Express will be absorbed into Texas Air’s family including Continental and Eastern, with no immediate changes for flyers. Analysts say the move salvages the carrier and creates a low cost operator under Texas Air, ending the era of People Express.
MENTIONED IN THIS ARTICLE
Newark
N.J
Texas Air Corp
People Express Inc
Texas Air
People Express
Russell Marchetta
Continental
New York Air
Eastern Airlines
Pellewenn
Marchesano
Texas International Airlines
Donald Burr
Britt Airways
Provincetown-Boston Airlines
Frontier Airines
Also Mentioned on This Page
FW. Dodge Division
McGraw-Hill Information Systems Co
Federal Reserve Board
American Iron and Steel Institute
New York
NYSE
At&t
Amoco
Aurich
BrGas
Dee Bee
Bristm
Celans
Chubb
DataGn
Bes
duPont
Dukep
Eqert
Exxon
Fed
Fincpa
Creston Livestock
Amer-Wash Mutual
Dreyfus
Fidelity
Louis Marchesano
Janney Montgomery Scott Inc
Philadelphia
Martin Williams
Joyce Luepp Davis
Polly Strukar
AN. Lorain County General Health District
Alzheimer’s
J. Miclat
Marilyn Kozel
A.D
Tough Love
Polla Vera
Elyria Memorial Hospital
E River St . Elyria
Ohio
Prescription
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