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BUSINESS
By Blair S. Walker | April 5, 1991
A Hunt Valley-based operator of geriatric nursing facilities has filed a statement with the Securities and Exchange Commission for a proposed initial public offering expected to generate about $40 million.Integrated Health Services Inc. plans to sell 3 million shares of common stock at a price anticipated to be about $13 per share, according to a release issued by the company. Smith Barney, Harris Upham & Co.Inc. and Kidder, Peabody & Co. have been selected to underwrite the transaction. There would be nearly 7 million shares of common stock outstanding after the offering, vTC IHS said in its prospectus.
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BUSINESS
May 15, 1997
A small Hunt Valley pharmaceutical company has been named the recipient of a top honor by the National Organization for Rare Disorders, a nonprofit group.Ucyclyd Pharma Inc. received the group's 1997 Corporate Award for Outstanding Achievement in Orphan Drug Development for its efforts to bring Buphenyl to market. The drug was developed by Dr. Saul Brusilow, a researcher at Johns Hopkins School of Medicine.Buphenyl treats a rare disease that strikes about 250 children annually. Urea Cycle Disorder prevents the body from processing waste nitrogen, and toxic levels of ammonia can build up in the blood.
NEWS
By MICHAEL OLESKER | November 26, 1996
The huge parking lot at Hunt Valley Mall looks like some barren moonscape. It's where the great American suburban dream ran out of gas. The mall is so bleak, so empty even in this Thanksgiving week, that it feels as if it's been quarantined and shoppers have been warned to stay away, at risk of contagion.Inside the big place, there's a sense of loneliness, of having made a wrong turn somewhere. You walk into stores where even the employees seem to have vanished. Maybe they've ducked out back for a smoke, or a quickie job interview at some other mall.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | January 26, 1994
One of the area's biggest suburban office complexes will go to auction Feb. 8, when Atlantic Auctions Inc. tries to sell the North Park Business Center in Hunt Valley.The complex is made up of three buildings near York and Shawan roads. The buildings had been slated to be repossessed in a friendly foreclosure last month by Teachers Insurance and Annuity Association of New York from developer Berkshire Corp."We have not taken the property back by deed in lieu of foreclosure," Teachers spokesman Tom Pinto said.
BUSINESS
By Ted Shelsby and Ted Shelsby,Sun Staff Writer | January 31, 1995
Chamberlain MRC Corp., a manufacturing and research and development company in Hunt Valley, will begin closing down its operation tomorrow and laying off its remaining 50 workers.The company, which had as many as 200 employees in 1990, is the state's latest victim of a slowdown in spending on the part of the federal government."There has been a steady decline in the Department of Defense and U.S. Postal Service programs that we participated in," said Merton Townsend, president of Chamberlain Manufacturing Corp.
BUSINESS
By David Conn and David Conn,Staff Writer | March 3, 1993
MCI Communications Corp. apparently has made a lot of friends.The company said yesterday that it would hire 100 people in its Hunt Valley customer sales and service office over the next six months, largely because of the success of the long-distance telephone company'sFriends & Family Program.MCI, based in Washington, has signed up 10 million customers to the nearly 2-year-old program, which rewards 20 percent discounts to callers who recruit their friends and family to MCI, the nation's second-largest long distance carrier.
NEWS
By Liz Atwood and Liz Atwood,Sun Staff Writer | June 4, 1995
The recession and federal defense cuts struck a severe blow to Hunt Valley, the minicity in northern Baltimore County where thousands of people work, eat or shop. Macy's closed, $l Westinghouse Corp. laid off hundreds of employees and many smaller businesses cut back or vanished.Now, the healing has begun.Office vacancy rates have fallen, earnings at Hunt Valley companies have rebounded, and with the light rail extension expected there by 1997, corporate leaders say the business park is poised for prosperity.
BUSINESS
By Suzanne Wooton and Suzanne Wooton,Sun Staff Writer | July 26, 1995
CSX Intermodal plans to lay off an undisclosed number of workers at its Hunt Valley offices next week as part of a restructuring that could include shifting its corporate headquarters from the Baltimore area to Jacksonville, Fla., next year.Dan Murphy, a company spokesman, said yesterday that no final details have been worked out. But he said the layoffs are part of a companywide work force reduction of 12 percent, prompted by a recent drop in trailer shipments for the company that moves domestic and international freight.
NEWS
By MICHAEL OLESKER | August 6, 1992
On the night before they closed the doors at Macy's at Hunt Valley Mall, we walked through the huge rooms and felt like intruders at an indoor graveside service for an old acquaintance.The big place had a haunted, eerie feel, as though staged by Rod Serling. The sign on the front door said, "Sale: Take 85 Percent Off Ticketed Price," but there was almost nothing left to ticket and nobody left who cared.About 50 feet inside the front door, a handful of people lined up with self-consciously bowed heads and checked out the final remains of merchandise.
BUSINESS
By Alec Matthew Klein and Alec Matthew Klein,Sun Staff Writer | July 11, 1995
System Source, a computer sales company, announced yesterday that it will move from its Timonium headquarters to Hunt Valley, hire 26 employees and consolidate operations.The privately-held company, formerly called ComputerLand of Baltimore, intends to relocate on July 21 to 338 Clubhouse Road, a Rouse Co. site with 33,000 square feet of space -- about twice the size of its current headquarters."We have outgrown the old facility," said Frank Carr, System Source's director of marketing. "The service part of our business is really exploding.
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