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BUSINESS
August 10, 2008
Boscov's files for Chapter 11 Regional department store chain Boscov's Inc. has filed for Chapter 11 bankruptcy protection and said it will close 10 stores including anchors at White Marsh, Owings Mills and Marley Station malls in the Baltimore area. Officials from the 49-store chain said in court filings and interviews that the collapse in the housing market, skyrocketing energy prices and higher food costs cut the discretionary spending of its customers and put pressure on the company's finances.
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BUSINESS
August 10, 2008
Boscov's files for Chapter 11 Regional department store chain Boscov's Inc. has filed for Chapter 11 bankruptcy protection and said it will close 10 stores including anchors at White Marsh, Owings Mills and Marley Station malls in the Baltimore area. Officials from the 49-store chain said in court filings and interviews that the collapse in the housing market, skyrocketing energy prices and higher food costs cut the discretionary spending of its customers and put pressure on the company's finances.
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SPORTS
By Jon Morgan and Jon Morgan,SUN STAFF | June 12, 1998
A New York investment company with family ties to Maryland's major thoroughbred racetracks purchased a minority interest in the tracks yesterday, bringing a new face to the state's beleaguered racing industry.The white knight purchase by Leucadia National Corp. ends for now the financial uncertainty and managerial conflict that has marked the ownership of the tracks for the past decade.At the same time, however, the arrival of bottom-line-oriented investors is bound to raise concerns that there will be pressure to consolidate operations or take other steps to boost profits.
SPORTS
By Jeff Zrebiec and Jeff Zrebiec,Sun Reporter | June 5, 2007
SEATTLE -- As a first-year closer last season, Chris Ray was perfect in his first 18 save opportunities. He thought about that stretch yesterday less than 24 hours after he gave up a walk-off home run to Vladimir Guerrero for his fourth blown save this season. What he concluded was that not much has really changed since last season, except the results. "When you look at the numbers part of it, my strikeouts have been up this year," said Ray, who blew only five saves last year, and didn't blow his fourth until Sept.
SPORTS
By Jeff Zrebiec and Jeff Zrebiec,Sun Reporter | June 5, 2007
SEATTLE -- As a first-year closer last season, Chris Ray was perfect in his first 18 save opportunities. He thought about that stretch yesterday less than 24 hours after he gave up a walk-off home run to Vladimir Guerrero for his fourth blown save this season. What he concluded was that not much has really changed since last season, except the results. "When you look at the numbers part of it, my strikeouts have been up this year," said Ray, who blew only five saves last year, and didn't blow his fourth until Sept.
BUSINESS
By Kevin Thomas and Kevin Thomas,Evening Sun Staff | May 15, 1991
The Ryland Group Inc. today announced that it is selling a majority interest in its modular-home operations and certain of its assets to a New York investment banking firm.The purchaser will be a new entity formed by the investment firm, Nagelvoort & Co. Inc., which approached Ryland, said Nancy L. Smith, a spokeswoman for Ryland.The companies refused to disclose the amount of the transaction, which is expected to be completed next month.James D. Umland, a director at Nagelvoort, said that the company's strategy is to gain a presence in the modular-home market in the Northeast following the purchase of a Northwest manufacturer.
SPORTS
April 4, 1996
Angels: The Anaheim City Council voted 3-2 yesterday to approve a memorandum of agreement with the Walt Disney Co. for a 33-year lease of Anaheim Stadium, with Disney retaining a 20-year bailout option. The club will be called the Anaheim Angels next season, and in three years they will be playing in a renovated, state-of-the-art stadium. The club will remain in Anaheim for at least two more decades, and more likely 33 years or beyond. Immediately, Disney announced that it has renewed an agreement to buy a minority interest in the California Angels from Gene Autry and his wife, Jackie, and take over operational control of the American League team.
BUSINESS
November 6, 1997
The Johns Hopkins University and Milles, Oken and Seals have created a partnership expanding the physicians' internal medicine practice in Columbia.The partnership, announced yesterday, gives Hopkins a minority interest in the Howard County practice.In return, Hopkins agreed to establish specialty clinics, preventive care programs and a clinical research center staffed by Hopkins faculty and Howard County physicians.Hopkins said it will lease space at 5900 Cedar Lane in Columbia, near Howard County General Hospital, to provide space for the clinics.
BUSINESS
By Carla Lazzareschi and Carla Lazzareschi,Los Angeles Times | June 28, 1992
Question: My wife and I own four pieces of residential real estate. We have four children and would like to give each of them one of these properties. Is there some way we can make annual gifts of these at the rate of $20,000 per year?Answer: Yes. The strategy, among the hottest new estate-planning techniques these days, involves forming a family limited partnership with your children and granting to them every year through the partnership an interest in the property.But instead of granting your children an interest worth just $20,000 each year, estate planners note that you can justify a slightly larger gift.
SPORTS
By Vito Stellino and Vito Stellino,SUN STAFF | March 25, 1998
ORLANDO, Fla. -- Novelist Tom Clancy said yesterday that he has no plans to sell his minority interest in the Orioles as part of a plan to buy the Minnesota Vikings.Marc Ganis, who runs a Chicago-based sports marketing firm and is one of Clancy's Vikings investors, was quoted in the St. Paul Pioneer Press as saying that Clancy plans to sell his Orioles share.Reached at his Maryland home, Clancy said it was all a misunderstanding."I plan to follow all league rules, but nobody has asked me to sell my interest in the Orioles," said Clancy, who is not attending the annual league meetings because he is finishing a novel and the owners haven't yet approved his purchase of the team.
SPORTS
By Jon Morgan and Jon Morgan,SUN STAFF | June 12, 1998
A New York investment company with family ties to Maryland's major thoroughbred racetracks purchased a minority interest in the tracks yesterday, bringing a new face to the state's beleaguered racing industry.The white knight purchase by Leucadia National Corp. ends for now the financial uncertainty and managerial conflict that has marked the ownership of the tracks for the past decade.At the same time, however, the arrival of bottom-line-oriented investors is bound to raise concerns that there will be pressure to consolidate operations or take other steps to boost profits.
SPORTS
By Kent Baker | August 27, 1998
The Maryland Racing Commission approved this week a $2.29 million stakes outlay for Laurel Park's fall meeting.That is $100,000 more than last year because of the shift of the Safely Kept Stakes, a six-furlong filly race, from Colonial Downs, Va. It is scheduled here Nov. 7.The total does not include purses for the Maryland Million on Oct. 17, the fall meeting's highlight.Commissioners also received affidavits from Leucadia National Corp. that detail its holdings in Laurel Park and Pimlico.
SPORTS
By Tom Keyser and Tom Keyser,SUN STAFF | January 21, 1998
Returning home after two weeks spent climbing mountains in Ecuador, Joe De Francis declined yesterday to shed light on the possible sale of a minority interest in Pimlico Race Course and Laurel Park.De Francis, principal owner of the tracks, said the loan agreement between the Maryland Jockey Club, of which he is president and chief executive officer, and the estate of former Washington Redskins owner Jack Kent Cooke contains a confidentiality clause."I have to respect that," De Francis said.
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