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BUSINESS
By THE BOSTON GLOBE | August 21, 2003
Control over Malden Mills Industries Inc. could be determined by a crucial hearing today over a $50 million financial guarantee the Lawrence, Mass., textile company seeks from the US Export-Import Bank. Malden Mills itself will carry on however the federal agency rules, after a judge gave the manufacturer permission last week to leave Chapter 11 bankruptcy protection. But the company's well-known chairman, Aaron Feuerstein, needs a favorable decision in his quest to buy back control from creditors.
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BUSINESS
By THE BOSTON GLOBE | August 27, 2003
LAWRENCE, Mass. - Factory owner Aaron Feuerstein sought yesterday to delay a court deadline to buy back control of bankrupt Malden Mills Industries Inc. on favorable terms, though a representative for the company's unsecured creditors vowed to fight the proposal. The legal skirmish is the latest in the struggle for control over Malden Mills and its 1,200 jobs. The company is scheduled to emerge from bankruptcy Sept. 10, and under the terms of its reorganization plan Feuerstein needs to raise at least $92 million to buy back the majority of the company once owned by his family.
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BUSINESS
By THE BOSTON GLOBE | August 15, 2003
WORCESTER, Mass. - Malden Mills Industries Inc., the Lawrence, Mass., maker of fleece outerwear whose chief executive earned national attention for guiding the company through recovery from a devastating 1995 fire, will emerge from Chapter 11 bankruptcy Aug. 26 under an agreement approved yesterday by a Worcester Bankruptcy Court judge. The company, which has been in talks with its creditors since December, said its expansion into new markets such as defense and hunting and fishing wear has enabled it to turn a profit.
BUSINESS
By THE BOSTON GLOBE | August 21, 2003
Control over Malden Mills Industries Inc. could be determined by a crucial hearing today over a $50 million financial guarantee the Lawrence, Mass., textile company seeks from the US Export-Import Bank. Malden Mills itself will carry on however the federal agency rules, after a judge gave the manufacturer permission last week to leave Chapter 11 bankruptcy protection. But the company's well-known chairman, Aaron Feuerstein, needs a favorable decision in his quest to buy back control from creditors.
BUSINESS
By THE BOSTON GLOBE | August 27, 2003
LAWRENCE, Mass. - Factory owner Aaron Feuerstein sought yesterday to delay a court deadline to buy back control of bankrupt Malden Mills Industries Inc. on favorable terms, though a representative for the company's unsecured creditors vowed to fight the proposal. The legal skirmish is the latest in the struggle for control over Malden Mills and its 1,200 jobs. The company is scheduled to emerge from bankruptcy Sept. 10, and under the terms of its reorganization plan Feuerstein needs to raise at least $92 million to buy back the majority of the company once owned by his family.
NEWS
By Sandy Banisky and Sandy Banisky,SUN NATIONAL STAFF | December 24, 1995
METHUEN, Mass. -- For those who see the world as increasingly selfish, for those who say believing in goodwill toward man will just break your heart: Look to this depressed old mill town, where a factory fire two weeks ago left 2,400 workers fearing a bitter Christmas -- until their boss showed them real holiday spirit.His name is Aaron Feuerstein, a wiry, gray-haired man who studied philosophy in college, jogs every morning, eats in the mill cafeteria and believes in keeping promises.In Methuen, Mr. Feuerstein, 70, a devout member of his Brookline synagogue, is a Christmas hero.
BUSINESS
By Jay Hancock | September 16, 1996
LABOR SECRETARY Robert B. Reich stood in Massachusetts last February and became perhaps the 10,000th person to proclaim Aaron Feuerstein an American paragon and an example for bleeding-heart tycoons everywhere."
NEWS
By Julie Klavens and Julie Klavens,Sun Staff | December 30, 2001
Although none of the sources we rely on -- meteorologists, almanacs or aching joints that double as barometers -- will commit to a forecast through March, wary sages believe that a mild autumn presages a cold, snowy winter. Just in case, we're adding insulation, stocking up on exotic canned goods and investigating other niceties to help carry us. A better blanket: With the Polartec Heat Blanket, Malden Ventures, a division of Malden Mills (noted for quality, innovative fibers and great labor practices)
BUSINESS
July 27, 2004
In the Region FDA approves liquid version of MedImmune drug MedImmune Inc. said yesterday that the Food and Drug Administration has approved the liquid version of its successful drug Synagis. Synagis, used to prevent serious lower respiratory infections in children, is a major source of revenue for the Gaithersburg biotechnology company. Last year, it generated nearly $850 million in sales. Synagis' original formulation, approved by the FDA in 1998, is a freeze-dried preparation that is reconstituted with sterile water.
NEWS
December 31, 1996
THIS WAS THE YEAR public figures tried out new roles. Al Gore took a stab at stand-up comedy and dance instruction. Bob Dole campaigned first as a movie critic, then as a supply sider. Bill Clinton played down his role as leader of the Democrats, adopted Republican positions and rhetoric and convincingly extended his run as president another four years.He had more luck than Mr. Dole, the uncomfortable GOP front-runner. Pat Buchanan and Steve Forbes scored victories in early primaries; even in March when Mr. Dole registered a succession of victories, exit polls showed that half of GOP voters wanted someone else.
BUSINESS
By THE BOSTON GLOBE | August 15, 2003
WORCESTER, Mass. - Malden Mills Industries Inc., the Lawrence, Mass., maker of fleece outerwear whose chief executive earned national attention for guiding the company through recovery from a devastating 1995 fire, will emerge from Chapter 11 bankruptcy Aug. 26 under an agreement approved yesterday by a Worcester Bankruptcy Court judge. The company, which has been in talks with its creditors since December, said its expansion into new markets such as defense and hunting and fishing wear has enabled it to turn a profit.
NEWS
By Julie Klavens and Julie Klavens,Sun Staff | December 30, 2001
Although none of the sources we rely on -- meteorologists, almanacs or aching joints that double as barometers -- will commit to a forecast through March, wary sages believe that a mild autumn presages a cold, snowy winter. Just in case, we're adding insulation, stocking up on exotic canned goods and investigating other niceties to help carry us. A better blanket: With the Polartec Heat Blanket, Malden Ventures, a division of Malden Mills (noted for quality, innovative fibers and great labor practices)
BUSINESS
By Jay Hancock | September 16, 1996
LABOR SECRETARY Robert B. Reich stood in Massachusetts last February and became perhaps the 10,000th person to proclaim Aaron Feuerstein an American paragon and an example for bleeding-heart tycoons everywhere."
NEWS
By Sandy Banisky and Sandy Banisky,SUN NATIONAL STAFF | December 24, 1995
METHUEN, Mass. -- For those who see the world as increasingly selfish, for those who say believing in goodwill toward man will just break your heart: Look to this depressed old mill town, where a factory fire two weeks ago left 2,400 workers fearing a bitter Christmas -- until their boss showed them real holiday spirit.His name is Aaron Feuerstein, a wiry, gray-haired man who studied philosophy in college, jogs every morning, eats in the mill cafeteria and believes in keeping promises.In Methuen, Mr. Feuerstein, 70, a devout member of his Brookline synagogue, is a Christmas hero.
FEATURES
By Elizabeth Large and Elizabeth Large,Sun Staff | January 5, 1997
Just your cup of teaIt's an antiques lover's cup of tea: an exhibition of the most notable teapots from the Twining Teapot Gallery at the Castle Museum in Norwich, England. (The tea company's collection numbers more than 3,000.) "Traditions in Elegance: 100 Teapots from the Norwich Castle Museum" will be at the Homewood House Museum on the Johns Hopkins University's Homewood campus from Jan. 11 through March 25.Samuel Twining, director of Twinings Ltd. (probably the world's oldest tea merchant)
NEWS
By KNIGHT-RIDDER NEWS SERVICE | December 13, 1996
METHUEN, Mass. -- A year after a devastating fire consumed their jobs, they are the best cared-for jobless workers in America.But still, they are jobless.One year ago this week, Malden Mills in Methuen went up in flames, taking with it the jobs of 2,400 people, many of them immigrants.Instead of pocketing the insurance money and heading to sunnier climes, owner Aaron Feuerstein stood before his workers and promised to bring them back.Even more than that, he promised to pay them for the next few months even though they were idle.
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