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By Claire Hughes and By Claire Hughes,New York Times News Service | September 8, 2002
Helen Quirini, like many people who lived through the Great Depression, is loathe to live beyond her means. But the 82-year-old resident of Rotterdam, N.Y., also exhibits an attitude about money that has become increasingly common among seniors -- one that embraces some debt. "I use the credit card," Quirini said. "But I know, from my income, how much I can afford to use every month." A growing number of seniors are living with debt, and the debt they are carrying is bigger than ever.
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BUSINESS
September 29, 2004
In the Region 1st Mariner offers direct depositors free ATM service 1st Mariner Bank said that it will soon start offering customers whose paychecks are directly deposited in the bank access to a national network of automated teller machines that won't charge them a $2 fee for withdrawals. The Baltimore bank plans to begin the service Friday. Customers will have nationwide access to 30,000 ATMs, including 900 in Maryland. The surcharge-free network, called AllpointTM, is owned by ATM National Inc. of Bethesda.
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BUSINESS
By BLOOMBERG BUSINESS NEWS | February 13, 1996
Hechinger Co. debt ratings were cut by Moody's Investors Service yesterday, less than a week after Standard & Poor's took similar steps to reflect rising competitive pressures on the home improvement retailer.Moody's trimmed ratings on Hechinger's senior debt to "Ba3" from "Ba1" and on convertible senior notes to "B2" from "Ba3."Moody's cited the Landover company's deteriorating financial performance as well as the expectation that competitive pressures and a weak retail market in the core Maryland-Virginia market will continue to hurt earnings.
NEWS
By Claire Hughes and By Claire Hughes,New York Times News Service | September 8, 2002
Helen Quirini, like many people who lived through the Great Depression, is loathe to live beyond her means. But the 82-year-old resident of Rotterdam, N.Y., also exhibits an attitude about money that has become increasingly common among seniors -- one that embraces some debt. "I use the credit card," Quirini said. "But I know, from my income, how much I can afford to use every month." A growing number of seniors are living with debt, and the debt they are carrying is bigger than ever.
BUSINESS
January 14, 1993
Fitch lowers GM debt ratingFitch Investors Service Inc. said yesterday that it has cut the credit rating of General Motors Corp.'s senior debt and preferred shares, citing problems ahead for the nation's largest automaker. Fitch lowered to A-minus from A-plus GM's senior debt and to BBB-plus from single-A the company's preferred and preference shares.Md. Blues report issued to publicBlue Cross and Blue Shield of Maryland began mailing reports to the public this week detailing the results of a nine-week review of the company by the Blues' board and its plan to address financial and management problems.
BUSINESS
May 31, 1995
Extended flights by new jet OK'dBoeing Co. said federal regulators granted permission for some of its new two-engine 777 jumbo jets to cross the Atlantic and Pacific oceans more directly.The aircraft maker said the Federal Aviation Administration approved the plane for extended twin-engine operations -- which means it can travel as far as three hours from the nearest airport or emergency landing strip -- when powered by Pratt & Whitney engines. Previously, the FAA has granted such approval for jetliners only after two years of service.
BUSINESS
By Peter H. Frank | January 23, 1991
A headline in yesterday's Business section incorrectly characterized the move by Standard & Poor's Corp. on the debt rating of Crestar Financial Corp. S&P said Tuesday that it lowered only the outlook for the long-term debt of the Richmond-based banking company, not the debt itself.Pointing to continued problems in the flagging real estate market, Standard & Poor's Corp. lowered its rating of Signet Banking Corp.'s debt and dropped the outlook for the long-term debt ratings of Crestar Financial Corp.
BUSINESS
By Thomas Easton and Thomas Easton,New York Bureau of The Sun | December 16, 1990
New York--Marriott Corp. has long been comfortable telling its history in terms of the American Dream. Faith and hard work turned a root beer stand into an empire in little more than half a century.In recent years, that faith has been shared by the financial community. To finance an aggressive construction program that has made it among the largest hotel chains in the world, the Washington, D.C.-based company became a veritable vacuum cleaner for money. A recent investment report by Smith Barney calculates that between 1985 and 1989, Marriott raised $5.15 billion from insurance companies, banks, thrifts and overseas lenders.
BUSINESS
September 29, 2004
In the Region 1st Mariner offers direct depositors free ATM service 1st Mariner Bank said that it will soon start offering customers whose paychecks are directly deposited in the bank access to a national network of automated teller machines that won't charge them a $2 fee for withdrawals. The Baltimore bank plans to begin the service Friday. Customers will have nationwide access to 30,000 ATMs, including 900 in Maryland. The surcharge-free network, called AllpointTM, is owned by ATM National Inc. of Bethesda.
NEWS
By Jonathan Pitts and Jonathan Pitts,jonathan.pitts@baltsun.com | January 13, 2009
Rainforest Cafe at Towson Town Center - like too many of the tropical landscapes it was designed to emulate - is no more. Landry's Restaurants Inc. of Houston, parent company of the jungle-themed restaurant chain, announced yesterday that its nine-year-old Towson location closed its doors at the end of business Sunday. Charles Crerand, general manager of Towson Town Center, said in a statement that the mall's owner, General Growth Properties Inc., had acquired the restaurant's space "in an effort to continue the expansion of Towson Town Center's luxury wing."
BUSINESS
By BLOOMBERG BUSINESS NEWS | February 13, 1996
Hechinger Co. debt ratings were cut by Moody's Investors Service yesterday, less than a week after Standard & Poor's took similar steps to reflect rising competitive pressures on the home improvement retailer.Moody's trimmed ratings on Hechinger's senior debt to "Ba3" from "Ba1" and on convertible senior notes to "B2" from "Ba3."Moody's cited the Landover company's deteriorating financial performance as well as the expectation that competitive pressures and a weak retail market in the core Maryland-Virginia market will continue to hurt earnings.
BUSINESS
May 31, 1995
Extended flights by new jet OK'dBoeing Co. said federal regulators granted permission for some of its new two-engine 777 jumbo jets to cross the Atlantic and Pacific oceans more directly.The aircraft maker said the Federal Aviation Administration approved the plane for extended twin-engine operations -- which means it can travel as far as three hours from the nearest airport or emergency landing strip -- when powered by Pratt & Whitney engines. Previously, the FAA has granted such approval for jetliners only after two years of service.
BUSINESS
January 14, 1993
Fitch lowers GM debt ratingFitch Investors Service Inc. said yesterday that it has cut the credit rating of General Motors Corp.'s senior debt and preferred shares, citing problems ahead for the nation's largest automaker. Fitch lowered to A-minus from A-plus GM's senior debt and to BBB-plus from single-A the company's preferred and preference shares.Md. Blues report issued to publicBlue Cross and Blue Shield of Maryland began mailing reports to the public this week detailing the results of a nine-week review of the company by the Blues' board and its plan to address financial and management problems.
BUSINESS
By Peter H. Frank | January 23, 1991
A headline in yesterday's Business section incorrectly characterized the move by Standard & Poor's Corp. on the debt rating of Crestar Financial Corp. S&P said Tuesday that it lowered only the outlook for the long-term debt of the Richmond-based banking company, not the debt itself.Pointing to continued problems in the flagging real estate market, Standard & Poor's Corp. lowered its rating of Signet Banking Corp.'s debt and dropped the outlook for the long-term debt ratings of Crestar Financial Corp.
BUSINESS
By Thomas Easton and Thomas Easton,New York Bureau of The Sun | December 16, 1990
New York--Marriott Corp. has long been comfortable telling its history in terms of the American Dream. Faith and hard work turned a root beer stand into an empire in little more than half a century.In recent years, that faith has been shared by the financial community. To finance an aggressive construction program that has made it among the largest hotel chains in the world, the Washington, D.C.-based company became a veritable vacuum cleaner for money. A recent investment report by Smith Barney calculates that between 1985 and 1989, Marriott raised $5.15 billion from insurance companies, banks, thrifts and overseas lenders.
BUSINESS
By BLOOMBERG NEWS | November 3, 2004
WASHINGTON - Merck & Co. Inc.'s recalled Vioxx painkiller may have contributed to 27,785 heart attacks and deaths from 1999 through 2003 because of the drug's effects on the cardiovascular system, U.S. regulators said in a report published online yesterday. Vioxx caused more heart attacks and deaths from sudden cardiac arrest than would have occurred if patients taking Vioxx were on Pfizer Inc.'s Celebrex, Food and Drug Administration researcher David J. Graham concluded after analyzing 1.4 million patient records.
BUSINESS
By COX NEWS SERVICE | December 22, 1999
ATLANTA -- Concern about higher debt and weak operating performance prompted Standard & Poor's to lower its ratings on the creditworthiness of Coca-Cola Co. and two of its major bottlers yesterday."
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