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BUSINESS
September 15, 1995
Ford to suspend productionFord Motor Co. said yesterday that it will suspend production for a week at six North American assembly plants because of a shortage of a part used in 1996 vehicles.The suspension will affect 12,950 hourly workers and will result in the loss of 20,600 units for the week beginning Sept. 18. Ford did not specify what the component was.Ford and its suppliers are working closely to resolve the shortage, the automaker said.The plants suspending production are in Dearborn, Mich.
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BUSINESS
By BLOOMBERG NEWS | August 18, 2006
NEW YORK -- Former financier Martin Armstrong, who has spent six years in jail for defying a judge's order, pleaded guilty yesterday to federal charges that he conspired to defraud Japanese investors out of millions of dollars. Armstrong, the former money manager and founder of Princeton Economics International Ltd., faces up to five more years in prison after admitting that he lied to investors about losses incurred by his fund in commodities futures trades. "By falsely representing to investors that my trading performance was better than it actually was, what I was doing was wrong and improper," Armstrong, 57, told U.S. District Judge John Keenan in New York.
NEWS
By Frederick N. Rasmussen, The Baltimore Sun | January 16, 2012
Eugenia A. "Genie" Kennedy, a former Peace Corps volunteer and teacher, died Jan. 7 of multiple organ failure at her Bel Air home. She was 82. A daughter of a businessman and a homemaker, Sarah Eugenia Asbury, who did not use her first name, was born and raised in Delta, Pa. After graduating from Delta High School in 1947, she earned a bachelor's degree in business education in 1951 from Russell Sage College in upstate New York....
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | August 15, 1997
Alex. Brown Inc. expects its merger with Bankers Trust New York Corp. to be completed by Sept. 1, Brown's chairman said yesterday.A. B. "Buzzy" Krongard, chairman and chief executive of the Baltimore-based brokerage and investment banking firm, said the company has passed all regulatory hurdles."
BUSINESS
November 24, 1994
Penril DataComm reports lossPenril DataComm Networks Inc. said yesterday that delays in shipping some of its electronic products contributed to a net loss of $974,000 on sales of $15.4 million in its fiscal first quarter, which ended Oct. 31.The performance was down significantly from last year's first quarter, in which the company earned $507,000 on sales of $18.5 million.Chairman Henry Epstein said the Gaithersburg-based company would be restructuring over the next several weeks and take a charge in the second quarter.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | July 1, 1998
Directors and employees of Alex. Brown Capital Advisory & Trust Co. led a buyout of the company yesterday from parent Bankers Trust New York Corp. for an undisclosed price.Michael D. Hankin, president and chief executive of Brown Capital, said nine directors and 70 employees raised the money to buy the Baltimore-based company, which manages $2.9 billion in assets for institutions and wealthy families."It is a good story," Hankin said. "It is kept local, and the employees end up owning a meaningful part" of the company.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | April 4, 1997
Shares of Alex. Brown Inc.'s stock jumped 7.9 percent yesterday on speculation that it is in merger talks with Bankers Trust New York Corp., the nation's seventh largest banking company.The Baltimore-based brokerage and investment banking firm's stock ended the day up $3.25 a share to close at $44.625. Wednesday the stock closed at $41.375 a share, a low for the year.A. B. "Buzzy" Krongard, Alex. Brown's chairman and chief executive, and Mayo A. Shattuck III, president and chief operating officer, were said to be traveling and could not be reached for comment.
BUSINESS
By BLOOMBERG NEWS | April 18, 1997
NEW YORK -- Bankers Trust New York Corp.'s first-quarter earnings rose 22 percent, as revenue from securities trading, derivatives and other businesses surged, the company reported yesterday.The nation's seventh largest bank said first-quarter net income rose to $169 million, or $1.89 a share, from $138 million, or $1.52, in the same period last year.The results exceeded analysts' expectations of $1.84 a share, according to a survey of 12 analysts by IBES International Inc. Bankers Trust shares rose 38 cents to $75.38.
NEWS
By Lyle Denniston and Lyle Denniston,SUN NATIONAL STAFF | October 4, 1995
WASHINGTON -- A federal judge continued yesterday to restrict Business Week's right to publish a story about sealed court documents, but simultaneously made those papers public.Thus, a major constitutional battle over the First Amendment, already running longer than many such battles in the past, took on a bizarre but still serious character and seemed sure to remain in the courts for at least several more days.The unusual turn of events in a pair of rulings by U.S. District Judge John Feikens left the magazine and its competitors free to write about a new development in a major corporate legal fight but kept Business Week at least technically restrained.
NEWS
By Suzanne Loudermilk and Suzanne Loudermilk,SUN STAFF | May 28, 1998
A. B. "Buzzy" Krongard -- who recently traded in a career in high finance for the mystique of the Central Intelligence Agency -- urged Towson University graduates yesterday to strive for integrity and commitment in their lives."
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