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By Mark Ribbing and Mark Ribbing,SUN STAFF | April 1, 1999
Sinclair Broadcast Group Inc. continued its slim-down yesterday, selling three Midwestern television stations to Sunrise Television Corp. for $81 million in cash.Baltimore-based Sinclair is trying to get rid of some of the radio and TV stations that it picked up during a recent acquisition binge that turned the company into an industry heavyweight but also saddled it with some holdings that it couldn't afford to keep.The stations it is selling to Sunrise -- KGAN-TV of Cedar Rapids, Iowa; WICS-TV of Springfield, Ill.; and WICD-TV of Champaign, Ill. -- were obtained in one of those purchases, a $310 million multi-station deal with Guy Gannett Communications.
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NEWS
By Jean Marbella, The Baltimore Sun | May 1, 2014
The Baltimore Sun Media Group announced Thursday it has purchased The Capital in Annapolis, the Carroll County Times and other area publications and websites, a move that expands its journalistic footprint in Maryland. The financial terms of the transaction were not disclosed, but BSMG officials said the publications acquired from Norfolk, Va.-based Landmark Media Enterprises would continue as separate news organizations. "We want these publications to remain a valued source of news and opinions on local politics, communities, sports and the arts in Anne Arundel and Carroll counties," Timothy E. Ryan, publisher, president and CEO of the Baltimore Sun Media Group, said in a note to staff.
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BUSINESS
By Mark Ribbing and Mark Ribbing,SUN STAFF | June 12, 1999
Lockheed Martin Corp.'s financial woes are stoking suspicions that the defense giant's proposed acquisition of satellite communications company and Bethesda neighbor Comsat Corp. may be in trouble.Lockheed Martin planned to pay most of the transaction -- initially valued at $2.7 billion -- with its own stock.The value of that currency is declining: Adjusted for a 2-for-1 split, Lockheed Martin shares are worth 28.4 percent less than they were when the deal was announced Sept. 20.The European edition of the Wall Street Journal reported yesterday that Comsat Vice President and General Counsel Warren Y. Zeger said some Comsat shareholders have expressed concern because the recent decline in Lockheed Martin's share price has reduced the value of the transaction by 16 percent, and Comsat has "all aspects of this matter under review."
NEWS
By Justin George and Justin Fenton, The Baltimore Sun | January 27, 2014
Dan Millen remembers Darion Marcus Aguilar walking into his Rockville gun shop with an air of confidence and a wad of cash. Aguilar wanted a shotgun, which he said he planned to keep in his home for protection. Aguilar's dress was nondescript, Millen said, except for a pair of high-top skateboarding shoes. The 19-year-old asked to see a Mossberg 500 series 12-gauge, a basic pump-action model used for sport, bird hunting or self-defense. He passed a state-mandated FBI criminal background check within minutes, paid $430 and walked out of the store Dec. 10 with the shotgun, which authorities say he used Saturday to kill two employees at a skate shop in The Mall in Columbia before taking his own life.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | October 24, 2012
Annapolis Bancorp Inc., the parent company of BankAnnapolis, has agreed to be acquired by Pennsylvania-based F.N.B. Corp. in a deal valued at $51 million. Under the deal announced Monday, F.N.B. will gain $437 million in assets and eight offices in Anne Arundel and Queen Anne's counties. Shareholders of the Maryland company will receive 1.143 shares of F.N.B. stock in exchange for each share of Annapolis Bancorp. F.N.B. President and CEO Vincent J. Delie Jr. said in a statement that the acquisition was consistent with his company's expansion strategy.
NEWS
December 19, 1990
MNC Financial Inc. today announced it has agreed to sell Landmark Financial Services Inc., its consumer finance subsidiary, to Commercial Credit Inc. for about $370 million.MNC Financial is the parent company of Maryland National Bank.MNC Financial said it expects to close the transaction in early January 1991. The transaction would permit MNC Financial to reduce its debt by about $374 million, the company says.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | October 20, 2004
First Mariner Bancorp said yesterday that it has agreed to buy its headquarters building in Canton for $20 million from Edwin F. Hale Sr., the banking company's chairman, chief executive and largest stockholder. The sale of the building, which is expected to be completed in the first quarter, was approved unanimously by First Mariner's group of 14 independent directors, said Joseph A. Cicero, president of First Mariner. "It is a good transaction. I can't say that strong enough," Cicero said.
BUSINESS
February 3, 2002
Coordinator offered to homebuyers, sellers Long and Foster Real Estate Inc., the mid-Atlantic region's largest real estate company, is launching a multimedia campaign to promote Home-Link, a service that offers homebuyers and sellers someone who takes care of all facets of a home transaction. The service assigns a personal move coordinator who assists a customer in arranging transaction-related tasks, such as home inspections and warranties, moving companies, home cleaning and repairs, and lawn care.
BUSINESS
May 6, 1996
Below are insider transactions of 1,000 shares or more for publicly held companies based in Maryland or having substantial operations here. Insiders are officers, directors or owners of 10 percent or more of a corporation's stock.Life TechnologiesKeith G. Walker, director, purchased 1,000 shares of common stock at $28.25 each on April 19, 1996, and now directly holds 1,000 common.Travelers GroupMarjorie Magner, president, exercised an option for 10,903 shares of common at $50 each on March 26, 1996.
BUSINESS
By Eileen Ambrose | June 29, 2011
The Federal Reserve released its final rule on interchange fees for debit cards, the fee that merchants pay banks for processing the transaction. The Wall Street reform law required that the Fed make sure the fee was “reasonable and proportional” to the processing cost. The Fed late last year proposed setting the fee at no more than 12 cents per transaction, a significant cut since banks were earning about 44 cents per transaction. Merchants were ecstatic. Banks upset. But today the Fed disclosed its final decision: 21 cents plus 0.05 percent on each transaction.
NEWS
By Ian Duncan, The Baltimore Sun | November 7, 2013
An administrator with wide-ranging access to the supposedly secret transactions on the Silk Road online market pleaded guilty to a drug charge Thursday in Baltimore after he was caught in a federal sting in January. Curtis Clark Green, 47, was unmasked as postal inspectors delivered a kilogram of cocaine to his Utah home. He had given his address to an undercover agent. Green's plea agreement reveals more details about how federal agents in Maryland closed in on the operators of the shadowy Internet site over the course of two years and built cases against its users and administrators.
NEWS
By Mark Bowles | September 17, 2013
Most people have a handful of old, used cell phones sitting around at home. And for years, there's been no way for people to safely and conveniently recycle or resell their old phones for cash. They'd have to sell their old phones online or on Craigslist and hope that the transaction with a stranger happened safely. But usually, the phones would just sit in drawers or be thrown in the trash, polluting soil and water supplies. Finding a way to responsibly recycle a phone for cash was inconvenient and sometimes unsafe.
NEWS
By John E. McIntyre and The Baltimore Sun | March 16, 2013
Each week The Sun's John McIntyre presents a relatively obscure but evocative word with which you may not be familiar, another brick to add to the wall of your working vocabulary. This week's word: JOB The week's nearly expired and I still owe you a word.  While we generally visit mildly exotic words here, some of the ordinary one have a Past, and such is job .  You may think that having a job is a grand thing, and those of us who have at one point or another would agree heartily.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | October 24, 2012
Annapolis Bancorp Inc., the parent company of BankAnnapolis, has agreed to be acquired by Pennsylvania-based F.N.B. Corp. in a deal valued at $51 million. Under the deal announced Monday, F.N.B. will gain $437 million in assets and eight offices in Anne Arundel and Queen Anne's counties. Shareholders of the Maryland company will receive 1.143 shares of F.N.B. stock in exchange for each share of Annapolis Bancorp. F.N.B. President and CEO Vincent J. Delie Jr. said in a statement that the acquisition was consistent with his company's expansion strategy.
BUSINESS
Eileen Ambrose | February 10, 2012
Years ago - 2008 to be exact - I wrote about a $336 million settlement that required Visa, MasterCard and Diner's Club to return foreign transaction fees paid by those traveling outside the country or who made overseas purchases online. The trio had been accused of hiding these transaction fees. They didn't admit any wrongdoing. At the time, I encouraged readers affected - those paying the fees from February 1996 to November 2006 - to fill out a claim. The refund was expected to take up to 18 months.
SPORTS
By Dan Connolly | January 20, 2012
Baseball America listed its weekly transactions today, and there are few by the Orioles that hadn't been reported. The Orioles usually wait to release every name at once so some trickle in at varying times -- I'm assuming most of these players will not get spring training invitations. Here is the list: pitchers Winston Abreu and Will Startup, catcher Zach Booker, second basemen Travis Adair, Tom Di Benedetto and Peter Fatse and outfielder Edgardo Baez. Startup, a 27-year-old lefty who pitched at Low-A Delmarva, High-A Frederick and Triple-A Norfolk last year, and Booker, a 26-year-old who played one game for Norfolk, were re-signed.
BUSINESS
December 6, 1997
Marcus Cable Co. L.P. said yesterday that it has agreed to sell its Eastern Shore cable services to Comcast Cable Communications Inc. for $65.5 million.The deal involves service for 26,500 customers in the Denton, Federalsburg and Cambridge areas and in central Delaware.Comcast spokesman David Nevins said it was "way too premature" to say if the transaction would affect rates or channel selection.He added that no job cuts are anticipated as a result of the transaction.Philadelphia-based Comcast has 700 employees in Maryland, including 300 at the company's regional headquarters in White Marsh.
TRAVEL
By Catharine Hamm and Catharine Hamm,Tribune Newspapers | July 5, 2009
Question: : While traveling in Peru for several months, I have been using my ATM card. No fees were ever disclosed. I have since learned that I have been charged an international transaction fee plus a $5 fee for each transaction. The combined fees have added up to hundreds of dollars. Trying to get a refund has been fruitless. Shouldn't banks make customers aware of these fees? Answer: : They do. Why, it took me only about 30 minutes of hunting on the bank's Web site to find the answer.
NEWS
By Edward Gunts, The Baltimore Sun | January 17, 2012
Exelon Corp. and Constellation Energy Group have reached an agreement with Electricite de France, a large Constellation shareholder, for the French utility to withdraw its opposition to a proposed merger between the companies. The terms of the agreement address Constellation Energy Nuclear Group, a joint venture between Constellation and EDF that owns and operates three nuclear facilities with generating units in Maryland and New York. No payment was made by either party associated with the agreement, which reaffirms the terms of the joint venture.
NEWS
January 9, 2012
The following are real estate transactions recorded in Harford County during November 2011: Lisa C. Stone from Secretary of Housing and Urban Development, 923 Edmund St., $127,777, 11/1. Jeffrey Lynn Hinte from Jeffrey Lynn Hinte, 521 Windemere Drive, $200,000, 11/1. Patrick McGill from Homesales Inc., 1725 Chesterfield Square, $159,000, 11/1. Richmond American Homes of Maryland Inc. from Richardson's Legacy LLC, 1205 Plowman Way, $3,465,000, 11/1. Richmond American Homes of Maryland Inc. from Richardson's Legacy LLC, 1207 Plowman Way, $3,465,000, 11/1.
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