Daily Briefing


January 07, 2009

Wegmans to start offering free antibiotics

Wegmans Food Markets Inc. said it will begin offering free antibiotics during cough and cold season as it tries to compete for customers in a weak economy. The Rochester, N.Y.-based grocery chain with 72 stores said shoppers with one of its club cards will not be charged for generic oral antibiotic prescriptions through March 31. The program covers up to a 14-day supply of the generic oral antibiotics, including amoxicillin and cephalexin, among others. Giant Food announced last week it was also offering free prescriptions.

Andrea K. Walker

Stephen James acquires Stafford Paige LLC

Baltimore recruiting firm Stephen James Associates announced yesterday that it acquired Stafford Paige LLC, a professional recruiting agency in Bridgewater, N.J. Financial details of the agreement were not released. Stephen James said the purchase strengthens its presence in New Jersey and New York. Stephen James, a subsidiary of Allegis Group, a large recruiting company in the U.S., focuses on employment recruiting for accounting and finance, banking, human resources, and sales and marketing.

Hanah Cho

FTI purchases assets of turnaround firm CXO

Baltimore business advisory firm FTI Consulting Inc. has acquired the assets of CXO LLC, a turnaround management firm based in Dallas. FTI did not disclose the purchase price yesterday. CXO specializes in consulting, management and advisory services for companies in crisis, with a focus on telecom, cable and media sectors. CXO, which will bring in 12 senior-level employees, including CXO's key principals, will join FTI's communications and media practice, within the corporate finance/restructuring segment of FTI. FTI has more than 3,000 employees worldwide.

Lorraine Mirabella

Technology council names Mauritz chairman

The Greater Baltimore Technology Council said yesterday that it named technology executive Paul Mauritz as its chairman. He will succeed Ann Quinn at the group's annual meeting this month. Mauritz was previously executive vice president for corporate development at BreakAway, a video game company in Hunt Valley. He recently started a technology consulting firm, Harbour Wave Technologies. Mauritz says he hopes to reach out to larger companies, as well as the startups that have traditionally been the focus of the council, a trade group for the region's technology companies.

David Kohn

Alcoa to cut 13 percent of its global work force

PITTSBURGH: Aluminum producer Alcoa Inc. says it is cutting about 13 percent of its global work force and slashing spending and output because of the economic downturn. The Pittsburgh-based company says 1,700 contractors also will be cut and that it is implementing a global salary and hiring freeze. As a result of its actions, Alcoa expects fourth-quarter charges of between $900 million and $950 million. The company expects to report quarterly results Jan. 12.

Associated Press

Baltimore Sun Articles
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.