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By Mark Hyman and Mark Hyman,Staff Writer Staff writers Jon Morgan and Peter H. Frank contributed to this article | March 30, 1993
The court battles swirling around the owner of the Baltimore Orioles intensified late yesterday when seven banks filed in New York to place Eli S. Jacobs into involuntary bankruptcy.The action is not expected to derail negotiations surrounding the sale of the team.Mr. Jacobs has 20 days to respond to the filing, at which time he could contest the action by demonstrating he is paying his debts. But that is regarded as unlikely because creditors have filed numerous lawsuits seeking repayment of overdue loans and personal guarantees.
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NEWS
By Lyle Denniston and Lyle Denniston,SUN NATIONAL STAFF | August 30, 2000
WASHINGTON - Trying to save his license to practice law, President Clinton argued yesterday that disbarment is too severe a penalty for misconduct that broke no criminal law and did not involve actions taken as an attorney. Clinton said in a filing by his lawyers in state court in Little Rock that taking away his Arkansas license would be "excessively harsh, impermissibly punitive, and unprecedented" for his sworn testimony denying a sexual relationship with Monica Lewinsky. That testimony came during a sworn deposition in the Paula Corbin Jones lawsuit, which accused him of sexual misconduct.
BUSINESS
By Adam Bryant and Adam Bryant,New York Times News Service | March 20, 1992
Colt's Manufacturing Co., whose long and rich history of gun making includes the Colt .45 revolver credited with winning the West, said yesterday that it had filed for bankruptcy court protection.The 156-year-old company based in Hartford, Conn., said the Chapter 11 filing would not immediately affect its day-to-day operations.A $10 million line of credit extended by the Connecticut Development Authority and Creditanstalt, an Austrian bank, will keep the company running and give the state majority ownership of the company.
SPORTS
By Kent Baker | November 5, 1991
Dwight Evans joined fellow Baltimore Orioles veteran Glenn Davis yesterday by formally filing for free agency.But Evans said from his Massachusetts home last night that he was comfortable playing here last season and would be highly receptive to returning."
BUSINESS
By Adam Bryant and Adam Bryant,New York Times News Service | March 20, 1992
Colt's Manufacturing Co., whose long and rich history of gun making includes the Colt .45 revolver credited with winning the West, said yesterday that it had filed for bankruptcy court protection.The 156-year-old company based in Hartford, Conn., said the Chapter 11 filing would not immediately affect its day-to-day operations.A $10 million line of credit extended by the Connecticut Development Authority and Creditanstalt, an Austrian bank, will keep the company running and give the state majority ownership of the company.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | May 16, 2003
American Airlines said yesterday in a securities filing that it might have to file for bankruptcy protection from creditors despite having extracted nearly $4 billion in annual cost cuts. The glum warning came on the same day that American, the world's largest airline, said that it had wrung more than $175 million in annual concessions from more than 100 suppliers, vendors and aircraft lessors. The airline said it would give those companies 3 million shares of common stock in AMR, the parent company of American.
NEWS
By a Baltimore Sun staff writer | June 22, 2010
Republican State Sen. Andy Harris officially filed his candidacy for Congress, his campaign announced Tuesday, setting up a rematch with Democratic Rep. Frank Kratovil in the First District. "I am running to be the next member of Congress for Maryland's First District to protect citizens from an out-of-control Congress," Harris, an obstetric anesthesiologist and three-term state senator, said in a statement. "After 18 months of bailouts, government takeovers, the largest national debt in history and trillion dollar spending schemes, it is clear we need new leadership in Washington."
BUSINESS
By Mark Ribbing and Mark Ribbing,SUN STAFF | September 16, 1998
In just over a month, Ciena Corp. has suffered disappointing earnings estimates, lost contracts and the collapse of its planned acquisition by Tellabs Inc. Now, the Linthicum telecommunications equipment company is warning that more difficult times may be ahead.In a filing with the Securities and Exchange Commission, Ciena said its recent setbacks may hurt future sales. In addition, the company said, the expense of marketing its products to regional Bell companies and other potential customers could cause the company's earnings in the near future to "moderate or even decline, even if revenues were to increase, which is not likely in the near term."
BUSINESS
By Mark Ribbing and Mark Ribbing,SUN STAFF | October 15, 1999
In the latest installment of the strange saga of Carnegie International Corp., the Hunt Valley telecommunications holding company -- whose stock has been suspended from trading for nearly six months -- has swapped charges of bad faith with the accounting firm that it recently fired.In a Securities and Exchange Commission filing, Carnegie explained why it dropped its accountant, Grant Thornton LLP of Chicago.Carnegie, whose subsidiaries sell services ranging from Internet access to voice-recognition software, said its firing of Grant Thornton on Sept.
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