January 25, 2001
THE STATE of California made its bed. It enacted partial electric power deregulation - wholesale but not retail - in the hope that a permanent supply surplus would always keep price down. California grew its economy, increasing power use by one-fourth in the past five years while building no generating capacity in a decade. California was legally, structurally and emotionally unprepared for a shortage. Then the rains stopped in neighboring states, on whose hydroelectric power generation California arrogantly depends.
November 22, 1997
TOKYO -- Yamaichi Securities Co., Japan's fourth largest brokerage firm, plans to file with regulators to cease operations in what would be Japan's biggest business failure since World War II, according to published reports.Yamaichi's debt rating was downgraded to junk by Moody's Investors Service yesterday, making it harder and more expensive for the firm to borrow. Securities firms borrow billions of dollars to finance their investments and they risk going out of business if they can't roll over those debts.
October 11, 1996
Maryland businesses expecting increases in hiring and revenue reached a two-year high recently, according to a survey by the University of Baltimore, signaling continued expansion for the state's economy.But state job growth in the last year hasn't kept pace with revenues, the poll suggested, and a separate survey by Dun & Bradstreet shows that potential for business failures is higher in Maryland than nationally.Three-fourths of companies surveyed by the University of Baltimore said they expect sales growth in the next year, up from 65 percent earlier in 1996.
May 1, 1995
In what could be a sign that Maryland's economy may be weakening, the number of business failures rose in the first quarter of the year, the Dun & Bradstreet Corp. has reported.Although local business people and bankruptcy lawyers disputed the analysis, the Wilton, Conn.-based research company said the number of business failures has been rising steadily in Maryland since 1993.And in the first three months of 1995, the number of businesses that declared bankruptcy, closed or caused losses for creditors reached 385, 19 percent more than in the same period a year ago."
August 3, 1994
Business failures up in Md.Maryland was one of only five states where the number of business failures rose during the first half of the year, said a survey released yesterday, as economic growth in major industries pushed failures down 20 percent nationwide.A total of 36,790 U.S. businesses failed during the period, compared with 45,906 during the first half of 1993, Dun & Bradstreet reported.The only states with a rise in failures were Arkansas, 45 percent; Montana, 30 percent; Oregon, 25 percent; Maryland, 8 percent; and Washington state, 3 percent.
May 17, 1994
NBC to work with Mexican firmIn a move aimed at reaping some of the expected rewards of the North American Free Trade Agreement, NBC entered an alliance yesterday with Mexico's newly privatized television broadcasting company, agreeing to provide technical assistance and programming in exchange for a future stake in the company and access to one of the fastest-growing markets in the world.Under the terms of an agreement, NBC has a three-year option to acquire 10 percent to 20 percent of the Mexican company, Television Azteca, which had been owned by the government until it was sold to investors last July.