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By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | July 27, 2001
New Jersey-based chemical company Millennium Chemicals reported a second-quarter net loss yesterday of $23 million, or 37 cents per share, citing economic weakness, the strength of the U.S. dollar and overcapacity in the industry. Results for the quarter ended June 30 compared with earnings of $48 million, or 75 cents per share, in the second quarter a year earlier. The most recent quarter included a $20 million after-tax charge, or 31 cents per share, related to Millennium's partial closing of a high-cost titanium dioxide plant at Hawkins Point and a 10 percent cut in its work force worldwide.
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FEATURES
By DAVE BARRY and DAVE BARRY,KNIGHT RIDDER/TRIBUNE | May 24, 1998
EVERY NOW AND then somebody thinks up a new idea that is so revolutionary it just revolutionizes everything.One such idea was brought to my attention recently by an alert reader named (really) Dwain Vanderhoof, who sent me a brochure for a new type of golf club (which I absolutely swear I am not making up) is called the Ballistic Driver.The Ballistic Driver is a "swing-less" golf club. You grip it as usual, and you position the head of the club next to the golf ball. But instead of swinging the club, you press an "Activator Button" on the grip; this detonates a small explosive charge inside the club head, which causes a metal plate to shoot out the side of the club a distance of 1.5 inches at a speed of 200 miles per hour.
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.
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.
NEWS
By JOE AND TERESA GRAEDON | September 8, 2008
Years ago, I was suffering with sensitivity to all underarm deodorants on the market. I found an alternative product at the health-food store and bought it, though it was dreadfully expensive ($12). The directions said to apply a small amount of this white paste to each clean, dry armpit only once a week. I tried it, and it worked. The ingredients were zinc oxide, rose water and some kind of powder. The tin was so small, I used it up in no time. Then I bought a tube of cheap zinc oxide ointment (75 cents)
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 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.
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