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By Ross Hetrick and Ross Hetrick,Sun Staff Writer | February 24, 1994
Hurt by poor weather in the last five weeks, Hechinger Co. yesterday reported that net income dropped 55 percent in the fourth quarter that ended Jan. 29, although for the full year earnings rose by more than $51 million.Besides the poor weather, the fourth-quarter net income of $1.2 million was hurt by an adjustment in inventory valuation that reduced profits by $2.6 million, the company said. The comparison with the previous fourth quarter was further worsened by a $1.6 million tax credit in the quarter that ended Jan. 30, 1993.
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SPORTS
By Edward Lee and The Baltimore Sun | September 29, 2014
Two days after Towson allowed visiting Maine to convert three fourth downs and score the game-winning touchdown in the final minute of a 27-24 loss Saturday night, Tigers coach Rob Ambrose admitted that the pain continues to linger. Faced with a decision of whether to massage or discipline Towson (2-3 overall, 0-1 Colonial Athletic Association), Ambrose said he remembers to take a page from late Hall of Fame and Orioles manager Earl Weaver's playbook. “One of the best lessons I ever learned was to listen to Earl Weaver talk about his teams -- his very, very successful teams and all of the different personalities,” Ambrose said Monday afternoon during his weekly conference call arranged by the CAA. “He would tell you that once you lose - especially the ones that hurt - you've got to love them up. You've got to remind them who they can be. And when you win, that's the time when you've really got to step on them and say, 'This is what we're not doing.' It's a way to keep them motivated and focused on the next game.
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BUSINESS
By BLOOMBERG BUSINESS NEWS | January 22, 1997
NEW YORK -- Travelers Group Inc. said yesterday that fourth-quarter earnings jumped 38 percent as profits increased at its Smith Barney securities brokerage and its insurance businesses.The insurance and financial services company said profit excluding gains from investment sales rose to $608.5 million, or 92 cents a share, from $441.7 million, or 66 cents, a year earlier.Those results exceeded Wall Street's expectations of 89 cents a share, based on a survey of eight analysts by IBES International Inc.For the year, Travelers reported that it earned $3.35 a share from operations, up from $2.44 a share in 1995.
SPORTS
By Edward Lee, The Baltimore Sun | September 28, 2014
With Towson featuring nine new starters on offense and five on defense, many expected this year's team to be a much different group from last season's squad that advanced to the Football Championship Subdivision title game. That difference is especially stark when considering how the 2014 Tigers have struggled to finish off opponents. While last year's team won 11 of 12 games in which it had the lead or the score was tied after three quarters, the current squad has lost two of three games in which it had the advantage or the score was tied heading into the final period.
BUSINESS
By Julie Bell and Julie Bell,SUN STAFF | July 26, 2002
Celera Genomics Group said yesterday that its fiscal fourth-quarter loss declined compared with last year's fourth quarter, when the company took a large charge related to one of its business units. The Rockville drug-discovery company, best known for sequencing the human genome, reported a loss of $28.8 million, or 42 cents a share. That compares with a loss of $101.7 million, or $1.66 a share, in the fourth quarter of fiscal 2001. The year-ago period included a pretax special charge of $69.1 million for writing off intangible assets related to its Paracel Inc. business, which produces gene-sorting hardware and software.
BUSINESS
By Timothy J. Mullaney | January 31, 1991
The Ryland Group Inc. of Columbia said yesterday that its fourth-quarter profits fell 78 percent, reflecting the weakness of the market for new homes. But the statistics that the second-biggest homebuilder in the nation released along with the earnings might contain early signs of an industry recovery.Ryland said it earned about $3.9 million, or 26 cents a share in primary earnings and 24 cents per fully diluted share, during the last three months of 1990. In 1989, it earned $1.31 a primary share and $1.20 a fully diluted share during the fourth quarter.
BUSINESS
January 25, 1997
Shares of Rockville-based Fusion Systems Corp. staged a sharp -- but brief -- rally yesterday after the company said fourth-quarter profits will be above Wall Street predictions.Fusion Systems supplies equipment used in semiconductor manufacturing. Its shares rose $1.875 to $28.50 in early trading, but faded to close at $27, up 37.5 cents on the Nasdaq stock market.The firm said fourth-quarter sales were stronger than expected and fourth-quarter revenues were $18.4 million, putting annual 1996 sales from continuing operations at $84.6 million, up 45 percent from 1995.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | January 17, 2001
USinternetworking Inc., which leases business management software over the Internet, said yesterday that it will have a fourth-quarter operating loss of $12 million and that it will lay off about 11 percent of its work force - 150 people. Chris Walker, a spokesman for the Annapolis-based company, said USinternetworking met or exceeded the projections given to analysts for the three months that ended Dec. 31. He said the company told Wall Street to expect revenue of $34 million to $35 million and an earnings-before-expenses loss of $15 million.
BUSINESS
By New York Times News Service | January 18, 1991
IBM surprised Wall Street analysts yesterday by reporting an usually strong fourth quarter.The hefty gain for the largest computer-maker was seen as evidence that the industry is set for a significant shakeout that will add pressure to weaker competitors.International Business Machines Corp. said its income on an operating basis was up 16.1 percent in the quarter, aided by strong sales of new products.Net income was more than four times greater than a year ago, but that increase was magnified by a large charge to earnings taken in the fourth quarter of 1989.
BUSINESS
By Stacey Hirsh and Stacey Hirsh,SUN STAFF | January 1, 2003
Shares of CompuDyne Corp. fell as much as 21 percent yesterday after the Hanover security-systems maker announced that its fourth-quarter earnings would be lower than expected. CompuDyne, which sells items such as attack-resistant doors and windows, had previously indicated that earnings for the fourth quarter would reach 23 cents per share. But after the market closed Monday, the company announced that it would be "only nominally profitable" in the fourth quarter. In an interview yesterday, Martin A. Roenigk, CompuDyne chairman and chief executive officer, said, "We think the fourth quarter will [show]
SPORTS
By Jon Meoli and The Baltimore Sun | September 22, 2014
Ravens coach John Harbaugh praised the late-game adjustments on defense in Sunday's 23-21 win over Cleveland that kept the Browns off the scoreboard in the final quarter and gave the offense the chance to complete its comeback. "That's what won the game, the resolve of our guys to finish the game - probably spearheaded by our defense in terms of the three-and-outs," Harbaugh said. "I think we had three out of four three-and-outs at the end, and two in a row in the fourth quarter.
SPORTS
By Don Markus and The Baltimore Sun | September 20, 2014
Quarterback Keenan Reynolds came into the 2014 season as a dark-horse Heisman Trophy candidate, his reputation built as much on his reliability running the Navy football team's triple-option offense as on his big-play ability. Four games into his junior year, Reynolds has been neither as steady nor as spectacular as he was his first two seasons. Unfortunately for Navy, having a quarterback who is more human than heroic won't work as well as it did those two years, either. While Reynolds largely wasn't to blame for Saturday's 31-24 loss to Rutgers at Navy-Marine Corps Memorial Stadium, he was the first to take his share of the responsibility.
SPORTS
By Matt Zenitz and Baltimore Sun Media Group | September 14, 2014
Maryland fell to West Virginia, 40-37, at Byrd Stadium on Saturday. Here is what went well and what didn't from a Terps perspective. THE GOOD The big plays on offense Quarterback C.J. Brown missed an opportunity for a long touchdown during the first quarter, misfiring on a pass down the left sideline despite wide receiver Malcolm Culmer being wide open. However, Brown had a 77-yard touchdown pass to wide receiver Stefon Diggs that cut West Virginia's lead to 28-13 during the second quarter and trimmed the Mountaineers' lead to 28-27 with a 75-yard touchdown run on the first play from scrimmage during the second half.
SPORTS
By Edward Lee and The Baltimore Sun | September 2, 2014
Morgan State nearly made Lee Hull's debut as head coach a memorable one, but the Bears fell short in a 31-28 loss to Eastern Michigan on Saturday night. A three-point defeat to a Football Bowl Subdivision program might normally be viewed in a favorable light, but the Bears, who play in the Football Championship Subdivision, aren't looking for moral victories. “They were upset because they thought they were the better football team,” Hull said of his players Tuesday morning during his weekly conference call organized by the Mid-Eastern Athletic Conference.
SPORTS
By John Jiloty and Inside Lacrosse | July 19, 2014
COMMERCE CITY, Colo. - The consensus among fans and analysts heading into Saturday's Federation of International Lacrosse World Championship final between Canada and the United states was that the Americans, dominant all tournament long, were the clear-cut favorites.  Canada, seeking its first gold since 2006, needed to win faceoffs and control possession to keep the ball away from Team USA's stacked offense, which came into the championship game...
SPORTS
By Aaron Dodson and The Baltimore Sun | May 24, 2014
At 5 feet 8, 170 pounds, Notre Dame's Matt Kavanagh was one of the smallest players on the field Saturday in his team's semifinal matchup with No. 7 seed Maryland, which has the nation's top-ranked scoring defense. But the sophomore attackman's stats from the game showed just how big he can be. Kavanagh had a game-high five goals as well as two assists to drive the sixth-seeded Fighting Irish into the Memorial Day championship game against No. 1 Duke with an 11-6 win against the Terps . Heading into the game, Kavanagh had the most points by a Notre Dame player since 2001 and was the only player in program history to record 30 goals and 30 assists in a season.
BUSINESS
January 24, 1991
Baltimore Bancorp, the parent company of the Bank of Baltimore, reports a fourth-quarter loss of $6.5 million, or 51 cents a share, compared with earnings of $1.9 million during the 1989 fourth quarter.But the company reports it ended the year in the black with a net income of $9 million, or 71 cents a share, a 49 percent drop from 1989 when the company earned $17.6 million, or $1.36 per share.Baltimore Bancorp, the state's fifth-largest banking operation, had total assets of $3.52 billion at the end of the year.
BUSINESS
By Bloomberg Business News Sun staff writer Ted Shelsby contributed to this article | November 5, 1994
DETROIT -- General Motors Corp. said yesterday that it plans to cut fourth-quarter production in the United States and Canada by almost 50,000 cars and trucks, blaming the effects of material shortages and a strike as well as a slow build rate for new vehicles.GM has ratcheted down production forecasts steadily since September. Yesterday's estimate marks a cut of another 14,000 from its early October estimate of 1,420,131 vehicles.Plans now call for GM to make 1,406,138 cars and trucks at its U.S. and Canadian assembly plants in the fourth quarter.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | May 1, 2014
Legg Mason Inc. reported that clients added more than $8 billion in cash to accounts at the Baltimore money manager during its recently finished fiscal year, breaking a six-year streak of client cash flowing the wrong way — out. Legg's net income more than doubled in the January-through-March period compared with a year earlier, boosted by the rising assets under management and lower costs. The company reported a $68.9 million profit for the three months, up from $29.2 million a year earlier — when the company took a multimillion-dollar expense hit while consolidating offices.
BUSINESS
By Natalie Sherman | April 29, 2014
The CEO of a Hunt Valley-based real estate investment trust, which has a portfolio of skilled nursing and assisted living facilities across the U.S., was awarded $7.3 million in compensation for 2013, a year that the firm's returns placed it among the top performing REITs in the country. Omega Healthcare Investors, Inc. CEO C. Taylor Pickett received a $700,000 base salary and a $1.05 million cash bonus in 2013. Chief Operating Office Daniel J. Booth was awarded $3.92 million in compensation for the year, while Chief Financial Officer Robert O. Stephenson received $3.03 million, according to a proxy statement filed with the Securities and Exchange Commission Tuesday.
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