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BUSINESS
By Gus G. Sentementes and Gus G. Sentementes,SUN STAFF | October 2, 2001
Millennium Chemicals Inc., which idled a large part of its Hawkins Point operation and announced layoffs of 250 workers in June, warned yesterday that third-quarter losses would be greater than expected because of overcapacity and weak demand in a slumping U.S. economy. The Red Bank, N.J.-based company said its results will be "slightly below the lower end of the range" of analysts' third-quarter expectations. Analysts surveyed by Zacks Investment Research Inc. had expected a loss of 17 cents to 32 cents a share.
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BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | October 31, 2001
With demand falling for the white pigment used in everything from house paint to U.S. currency, Millennium Chemicals Inc. reported yesterday that it lost $12 million in the third quarter. The loss follows the September idling of part of the company's Hawkins Point titanium dioxide plant in the southern part of Baltimore and the layoff of about 250 employees. The section that was shuttered makes pigment for the paper industry, while the part that remains in operation makes pigment for paints and plastics.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | June 5, 2001
Weak demand and lower prices for its products led Millennium Chemicals Inc. to announce yesterday that its second-quarter earnings will likely fall drastically short of analysts' expectations. The New Jersey company's largest division, which produces titanium dioxide, is headquartered in Hunt Valley with manufacturing operations at Hawkins Point in southern Baltimore. Millennium employs more than 800 people in the state. Titanium dioxide is used in such diverse products as toothpaste, trash bags and the letters on M&Ms.
SPORTS
By Sandra McKee | September 5, 1995
NEW YORK -- At some point today, Cal Ripken will receive a gift from Pam Shriver and her fellow players at the U.S. Open.Shriver, an Orioles part-owner who plans to be at Camden Yards when Ripken ties Lou Gehrig's record of 2,130 consecutive games if her tennis schedule permits, will present Ripken with a framed 1995 U.S. Open poster signed by some of tennis' biggest stars.From Pete Sampras: "To Cal, a class act on and off the field. Keep up the fine example."From Jim Courier: "Cal, a true American hero, keep up the great work."
SPORTS
By Lem Satterfield | August 19, 2003
Hereford High School football coach Steve Turnbaugh, who shattered his left leg in four places while playing football in Myrtle Beach, S.C., three weeks ago, will discover from his orthopedic surgeon tomorrow whether he should coach from a wheelchair or possibly miss his ninth season. Turnbaugh's leg is immobilized with titanium rods and four pins. His wife, Becky, drives him to practice, where he coaches from a wheelchair and gets around on crutches. "I think he's [Dr. Scott Tarantino of Towson Orthopedic Associates]
BUSINESS
By Eileen Ambrose and Eileen Ambrose,SUN STAFF | February 1, 2002
Millennium Chemicals Inc., helped by a one-time income tax adjustment, earned $8 million in the fourth quarter, but posted a loss for the year. On a per-share basis, the Red Bank, N.J., company, which operates a plant in southern Baltimore, earned 13 cents on sales of $334 million in the three months that ended Dec. 31. The company benefited from reserves in prior years that reduced the amount it needed to set aside for taxes in the fourth quarter by...
BUSINESS
By Gus G. Sentementes and Gus G. Sentementes,SUN STAFF | July 22, 2003
Millennium Chemicals Inc., a manufacturer of a white pigment used in paints, paper and toothpaste that has been hit hard by the economic downturn, said yesterday that it will move its headquarters to Hunt Valley from New Jersey as part of a shake-up that includes the departure of its chief executive. The company also said its second-quarter loss will be larger than estimated and suspended its dividend to conserve cash "at this challenging time." The global chemical company already has a significant presence in Maryland.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | April 27, 2000
Millennium Chemicals Inc., which employs about 750 people in the Baltimore area, said yesterday that its first-quarter profit soared to $25 million, or 37 cents a diluted share, a 178 percent increase over the corresponding period last year. Sales were $423 million, up 10 percent. Wall Street had predicted per share earnings of 31 cents, according to a survey of eight analysts by Zacks Investment Research. The Red Bank, N.J., company's Maryland subsidiary, Millennium Inorganic Chemicals, is the world's second-largest producer of titanium dioxide, a white pigment used in toothpaste, paint and the lettering on M&M candy.
NEWS
November 9, 1990
A Baltimore chemical company agreed to reduce the amount of toxic sulfuric acid it emits into the air, the state Department of the Environment announced yesterday.SCM chemicals signed a consent order to cut its emissions of the acid -- which can sting the eyes and throat -- by 50 percent by 1992.SCM makes titanium dioxide, a key ingredient in white paint and dyes. In purifying the titanium, the company had been spewing 40 tons of the acid into the air a year from stacks at its Hawkins Point plant in Baltimore, the state said.
BUSINESS
By Opinions on stocks offered by investment experts. Compiled by Steve Halpern for Knight Ridder | October 31, 1990
Berks. Hathaway"Berkshire Hathaway (BRK, NYSE, $5,900) offers a ownership participation in attractive businesses and a burgeoning investment portfolio run by one of the world's premier investors, says Alston Barrow, Favorably Positioned Stocks, Tampa."Berkshire's diverse business activities -- including property and casualty and reinsurance operations, manufacturing, and publishing -- are orchestrated by maestro investor Warren Buffet . . . "Shares of Berkshire are undervalued based on book value . . . We recommend purchase."
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