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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."
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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 Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | April 22, 1997
Alex. Brown Inc. will light up the exterior of its new 30-story headquarters tonight, becoming the latest downtown landmark to become aglow after dark.The investment firm's decision to illuminate the 1 South St. skyscraper comes roughly three months after it consolidated more than 900 employees from eight downtown offices to the $90 million office tower. Just several weeks ago, the investment bank recently agreed to merge with Bankers Trust New York Corp."We had originally planned to put the Alex.
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.
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."
BUSINESS
By BLOOMBERG BUSINESS NEWS | February 8, 1996
NEW YORK -- U.S. stocks rose to records for a third day yesterday as the prospect of lower interest rates lifted banks, retailers and utilities.A six-day rally in computer and semiconductor issues faltered, tempering the advance.Unexpectedly strong earnings from Sears, Roebuck & Co. helped boost the Dow Jones industrial average to its 10th record this year. The 30-stock average rose 32.51 to 5,492.12. Much of the gain came in the last hour of trading. Computer-guided "buy" orders drove up the Dow 52 points during the day.The Standard & Poor's 500 index climbed 3.60 to a record 649.93 as telephone, beverage, drug and retail stocks gained.
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
December 6, 1994
Computer program venture setCapital Cities-ABC Inc. will form a venture with Electronic Arts Inc. to produce computer programs for children, the first time a large TV network has aligned itself with a major software company.The venture, which has been rumored for several weeks, will develop games and educational software based on ABC-TV children's programs but may later be expanded, sources said yesterday.Representatives of the companies declined to comment before a news conference at Capital Cities-ABC's corporate headquarters today.
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.
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