Doner hired by HopkinsThe Johns Hopkins Health...

W. B.

September 15, 1994

W. B. Doner hired by Hopkins

The Johns Hopkins Health System and School of Medicine has chosen W. B. Doner & Co. as their national advertising agency, Doner announced yesterday. The size of the account was not disclosed. The Baltimore-based agency, with billings of more than $450 million a year, said it would develop a strategy and campaign to market Hopkins to physicians, employers and managed-care organizations.

Penetration of Japanese market up

U.S. and other foreign computer chip manufacturers captured a record 21.9 percent of the Japanese market during the April-June quarter, the Office of the U.S. Trade Representative said yesterday, surpassing the level set in a controversial U.S.-Japan microchip trade pact.

Meanwhile, Japan announced its August trade surplus fell 18.8 percent as imports rose sharply. Its surplus with the United States, however, continued to rise, to $3.49 billion in August, up 2 percent from $3.42 billion a year earlier.

Intersolv to acquire Software Edge

Intersolv, a Rockville-based computer company, announced yesterday that it would acquire the Software Edge Inc., a Colorado Springs company that makes problem-tracking software for Windows computer programs. Terms of the deal, which requires approval by Intersolv's board and Software Edge's stockholders, were not revealed. Intersolv said it expected to complete the acquisition by Sept. 25.

Downe settles case for $11 million

A federal judge in New York approved an $11 million settlement between Edward R. Downe Jr. and the government, leaving the once prominent publisher and socialite with little more than an apartment and a car. In the civil case settled yesterday, the SEC alleged Mr. Downe, 65, who was formerly married to Charlotte Ford, and six others made illegal profits of several million dollars by using inside information to trade in securities of at least five public companies.

N.M. McDonald's penalty reduced

A New Mexico state judge reduced a $2.7 million punitive damage award against McDonald's to $480,000 for a woman who was scalded by hot coffee, but said she deserved the new sum for the fast-food chain's "callous" behavior.

Judge Robert Scott in Albuquerque denied motions by attorneys for McDonald's Corp. asking for a new trial or a reversal of the jury's punitive damage award.

Japanese markets closed today

Financial markets in Japan are closed today for Respect the Elderly Day, a national holiday.

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