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BUSINESS
By Shanon D. Murray and Shanon D. Murray,SUN STAFF | February 13, 1999
Paul L. Caldwell Jr.'s technological achievements have resulted in two patents and corporate posts on four continents. Today, he is being honored as the 1999 Black Engineer of the Year.Caldwell, chairman and managing director of Mobil Producing Nigeria Inc., an affiliate of Mobil Corp., is to receive the top honor this evening as the 13th annual Black Engineer of the Year Awards Conference ends its three-day run at the Baltimore Convention Center.Dean's Award: William J. Neal, Ph.D., MITRE Corp.
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BUSINESS
By BLOOMBERG NEWS | October 19, 2004
Delphi Corp., the world's largest maker of auto parts, said yesterday that it would cut 19 percent more jobs than planned this year as it struggles with waning demand from automakers and rising costs for steel and plastic. Delphi will trim 1,500 jobs in addition to the 8,000 announced in October 2003, Chief Executive J.T. Battenberg III said in an interview. The total cuts amount to about 5 percent of the company's total work force as of Dec. 31. Delphi will probably need to shed more jobs next year, Battenberg said.
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BUSINESS
By JULIUS WESTHEIMER | August 4, 2000
Do you ever feel that your stockbroker has treated you unfairly? Here are suggestions: "If your stockbroker makes an error and refuses to admit it, talk to his or her supervisor," advises John Heine, deputy director, Securities and Exchange Commission. "Ask if your phone call was taped - many firms record `buy' and 'sell' phone calls routinely. If not, and the firm is unreasonable, ask to speak to its compliance department. "Explain the problem and ask the compliance office to respond to you in writing within 30 days.
BUSINESS
By BLOOMBERG NEWS | December 25, 2002
PLANO, Texas - Electronic Data Systems Corp. won a five-year, $1.3 billion contract from ABN Amro Holding NV yesterday to manage computer networks for the biggest Dutch bank's corporate- and investment-banking division. The agreement concludes more than four months of talks and comes 12 days after Electronic Data, the world's second-biggest computer-services company, announced a 10-year, $4.5 billion order from Bank of America Corp. The new contracts eased concern among some investors that Electronic Data might be unable to compete for big orders, which can require multimillion-dollar, up-front investments.
BUSINESS
By BLOOMBERG NEWS | October 19, 2004
Delphi Corp., the world's largest maker of auto parts, said yesterday that it would cut 19 percent more jobs than planned this year as it struggles with waning demand from automakers and rising costs for steel and plastic. Delphi will trim 1,500 jobs in addition to the 8,000 announced in October 2003, Chief Executive J.T. Battenberg III said in an interview. The total cuts amount to about 5 percent of the company's total work force as of Dec. 31. Delphi will probably need to shed more jobs next year, Battenberg said.
BUSINESS
By Patricia Meisol and Patricia Meisol,Staff Writer | January 16, 1993
Blue Cross and Blue Shield of Maryland has signed a letter of intent with Electronic Data Systems Corp. for the computer services company to take over and expand the health insurer's electronic claims network.The proposed contract, which must still be approved by the insurer's board as well as by state regulators, has drawn criticism from senior managers at Blue Cross, who question whether it could eventually gut the insurer's core business of processing claims.The letter of intent calls for the Dallas-based company, a unit of General Motors Corp.
BUSINESS
By BLOOMBERG NEWS | December 25, 2002
PLANO, Texas - Electronic Data Systems Corp. won a five-year, $1.3 billion contract from ABN Amro Holding NV yesterday to manage computer networks for the biggest Dutch bank's corporate- and investment-banking division. The agreement concludes more than four months of talks and comes 12 days after Electronic Data, the world's second-biggest computer-services company, announced a 10-year, $4.5 billion order from Bank of America Corp. The new contracts eased concern among some investors that Electronic Data might be unable to compete for big orders, which can require multimillion-dollar, up-front investments.
BUSINESS
October 30, 2005
Monday Report -- September personal income and spending Earnings -- Humana Inc.; Kellogg Co.; Occidental Petroleum Corp.; Valero Energy Corp.; W.R. Grace Tuesday Report -- Institute for Supply Management manufacturing index for Oct.; Federal Reserve meeting Earnings -- Colgate-Palmolive Co.; Digene Corp.; Electronic Data Systems Corp.; Emerson Electric Co.; Marsh & McLennan Cos.; Procter & Gamble Co.; Qwest Communications International Inc.; Sun Microsystems Inc. Wednesday Earnings -- Foundation Coal Holdings Inc.; Qualcomm Inc; Sinclair Broadcast Group Inc.; Time Warner Inc. Thursday Report -- Third-quarter productivity data; September factory orders; Institute for Supply Management services index for Oct. Earnings -- Becton, Dickinson & Co.; Broadwing Corp.
BUSINESS
By New York Times News Service | August 29, 1992
DETROIT -- General Motors Corp. said yesterday that it would issue 25 million new GM class H shares and use the proceeds to pay for its previously announced acquisition of General Dynamics Corp.'s missile business.The stock sale might also generate some fresh capital for GM, depending on demand for the stock and its price when the offering takes place. In composite trading, GM's class H stock closed at $23.375 yesterday, down $1.125 a share, on volume of 86,300 shares.Class H, one of three classes of GM common stock, gives holders the right to receive dividends from GM Hughes Electronics Corp.
BUSINESS
By Julius Westheimer | March 22, 2000
Would you like to invest in the stock market without taking too much risk? "Here's a sound strategy for buying into the hottest market ever," says Money magazine's March issue. "The following stocks have room to run, but without the risk of buying the market's high-flying, high-tech darlings." The stocks are Lucent Technologies Inc., Bell Atlantic Corp., Electronic Data Systems Corp., Quantum DLT Corp., Merck & Co. Inc., Bristol-Myers Squibb Co., Wells Fargo & Co., Lowe's Cos. Inc. and Nabors Industries Inc. MIDWEEK MEMO: "The high-tech companies now leading the market don't care about borrowing costs -- most don't have any debt.
BUSINESS
By JULIUS WESTHEIMER | August 4, 2000
Do you ever feel that your stockbroker has treated you unfairly? Here are suggestions: "If your stockbroker makes an error and refuses to admit it, talk to his or her supervisor," advises John Heine, deputy director, Securities and Exchange Commission. "Ask if your phone call was taped - many firms record `buy' and 'sell' phone calls routinely. If not, and the firm is unreasonable, ask to speak to its compliance department. "Explain the problem and ask the compliance office to respond to you in writing within 30 days.
BUSINESS
By Shanon D. Murray and Shanon D. Murray,SUN STAFF | February 13, 1999
Paul L. Caldwell Jr.'s technological achievements have resulted in two patents and corporate posts on four continents. Today, he is being honored as the 1999 Black Engineer of the Year.Caldwell, chairman and managing director of Mobil Producing Nigeria Inc., an affiliate of Mobil Corp., is to receive the top honor this evening as the 13th annual Black Engineer of the Year Awards Conference ends its three-day run at the Baltimore Convention Center.Dean's Award: William J. Neal, Ph.D., MITRE Corp.
BUSINESS
By Patricia Meisol and Patricia Meisol,Staff Writer | January 16, 1993
Blue Cross and Blue Shield of Maryland has signed a letter of intent with Electronic Data Systems Corp. for the computer services company to take over and expand the health insurer's electronic claims network.The proposed contract, which must still be approved by the insurer's board as well as by state regulators, has drawn criticism from senior managers at Blue Cross, who question whether it could eventually gut the insurer's core business of processing claims.The letter of intent calls for the Dallas-based company, a unit of General Motors Corp.
BUSINESS
By Dallas Morning News | November 4, 1990
DALLAS -- Electronic Data Systems Corp. of Dallas canceled a $250 million deal Friday to buy a half-interest in Continental Airlines Holding Inc.'s System One airline computer system, primarily because of concerns about the aviation industry's financial problems.Spokesmen for EDS, Houston-based Continental Airlines Holdingand System One said the companies intend to keep their current interim arrangement, under which EDS assists Continental's computer operations.They also are discussing their future relationship, which could include "facilities management and a possible joint marketing arrangement between EDS and System One," the companies said in a statement.
NEWS
By Richard Irwin and Richard Irwin,Evening Sun Staff | January 7, 1992
The Frederick County sheriff's office said today there are no arrests and no apparent motive in the shooting death yesterday of a 30-year-old mother whose body was found inside her recently purchased car off a road in Monrovia.A sheriff's office spokesman identified the victim as Deborah Patricia Fagan, who lived with her 4-year-old son, 2-year-old daughter, her mother and a sister in the 2700 block of Hillside Court in Monrovia.He said Fagan's body was sent to the state medical examiner's office in Baltimore for an autopsy.
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