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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.
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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.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | April 26, 1997
Three weeks after it announced its plans to acquire Baltimore-based Alex. Brown Inc., Bankers Trust New York Corp. signed a definitive agreement yesterday to buy NationsBank Corp.'s $133 billion-asset institutional trust business.The deal will increase Bankers Trust's global assets under custody to nearly $2 trillion. Bankers Trust will gain 465 institutional customers, including corporations, nonprofit organizations, public agencies and union pension plans.Terms of the transaction were not released.
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 Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | July 22, 1997
Host Marriott Corp. rung up a 63 percent gain in earnings in the second quarter of 1997, thanks to the performance of its upscale hotels amid a continued nationwide demand for rooms and a lack of new construction, the company said yesterday.The Bethesda-based lodging owner's $174 million in earnings before interest expense, taxes and noncash charges -- a standard measure of financial viability for real estate owners -- dovetails with one of the biggest hotel booms of this century.Host Marriott's net income more than tripled in the quarter ended June 20 quarter to $26 million, or 13 cents per share.
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."
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....
NEWS
April 8, 1997
BY ACQUIRING Alex. Brown Inc., one of the most honored names in the commercial history of Maryland, Bankers Trust New York Corp. is taking ownership of an exceptional investment house that has been raising venture capital since its founding in 1800. From the financing of the B&O as the nation's first railroad company in the 1820s to the underwriting of entrepreneurs of cyberspace, Alex. Brown has been a leader.Alex. Brown has been an immense benefit to its hometown. Only a few weeks ago, it moved into a downtown skyscraper that had been standing vacant since it was built on speculation.
BUSINESS
By Bloomberg Business News | February 16, 1994
NEW YORK -- Citicorp said the Federal Reserve and the Comptroller of the Currency have ended special regulatory oversight of the nation's largest banking company, possibly paving the way for Citicorp to restore its dividend.Citicorp said the regulators terminated a memorandum of understanding because Citicorp's financial condition is much improved from two years ago, when a mountain of bad loans forced closer supervision of the company's activities.The New York-based company suspended its 25-cents-a-share dividend in October 1991, saving about $96.6 million in dividend payments each quarter.
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.
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