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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.
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NEWS
By Matthew Hay Brown and Matthew Hay Brown,matthew.brown@baltsun.com | October 20, 2009
Facing hundreds of millions of dollars in potential liability for sex abuse claims, the diocese that ministers to Eastern Shore Catholics filed for federal bankruptcy-law protection hours before the civil trial of a former priest was to have started Monday. Bishop W. Francis Malooly described the Chapter 11 petition filed late Sunday as a difficult but necessary step that would enable the Diocese of Wilmington, Del., to "fairly compensate all victims through a single process established by the bankruptcy court."
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.
NEWS
By Lorraine Mirabella, The Baltimore Sun | April 17, 2012
Sinclair Broadcast Group's chief executive, David D. Smith, earned $4.2 million last year, a 16 percent increase that included more than $2 million in stock option awards, the Hunt Valley-based broadcaster reported. Compensation for Smith, who is also the company's president, included a $1 million base salary and $1 million in cash bonuses, the company reported Monday to the Securities and Exchange Commission. The company said 94 percent of shareholders approved the company's executive compensation package last year in Sinclair's first-ever "say on pay" vote.
BUSINESS
By Stacey Hirsh and Stacey Hirsh,Sun Reporter | October 26, 2006
Sourcefire Inc., the Columbia network security company that started in its founder's living room and has since grown to a 174-person business, said yesterday that it plans to go public. The company - best known for its anti-hacker technology, Snort - filed a registration statement late yesterday afternoon with the Securities and Exchange Commission for an initial public offering. "Clearly, it's an important milestone in the company's evolution," Wayne Jackson, Sourcefire's chief executive officer, said of the plans to go public.
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