Business Digest

BUSINESS DIGEST

March 05, 2009

Martek posts slight 1Q earnings gain

Martek Biosciences Corp., the Columbia-based maker of nutritional oils for foods and baby formula, said its first-quarter earnings increased slightly as it moved beyond the infant formula market. The company reported net income of $9.6 million, or 29 cents per diluted share, for the quarter ended Jan. 31. That compared with $8.7 million, or 26 cents per diluted share, during the corresponding period a year ago. Revenues were $87.4 million, up 5 percent from a year ago. Martek expects second-quarter revenues to be between $87 million and $92 million and net income between $8.9 million and $10.3 million.

Andrea K. Walker

BWI creates Twitter account for travelers

Baltimore-Washington International Thurgood Marshall Airport has created a Twitter account so fliers can access airport status reports and travel information on their portable electronic devices and cell phones. Users can register as BWI Marshall Airport "followers" at twitter.com/BWI_Airport or at the airport Web site at BWIairport.com. Airport officials said Twitter was useful during this week's snow because it allowed the airport to deliver up-to-the-minute information about weather conditions and flight delays.

Andrea K. Walker

Ford offering cash, stock to debtholders

DEARBORN, Mich.: Ford Motor Co. said yesterday it will try to eliminate up to $10.4 billion of its debt by offering debtholders cash and stock as the troubled automaker continues to restructure amid a severe automotive sales downturn. The company is putting up $2.2 billion in cash and about 500 million shares of stock.

Associated Press

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