BUSINESS
By New York Times News Service | July 18, 1995
CHICAGO -- In the early 1950s, more than 90 American companies made television sets. Yesterday, the last American-owned television manufacturer, Zenith Electronics Corp., gave up its battle to survive on its own and agreed to sell a controlling interest to a South Korean industrial giant.LG Electronics Inc., the South Korean manufacturer whose products sell under the Goldstar name, announced with Zenith that it would lift its stake in that company to 57.7 percent from the current 3.8 percent.
BUSINESS
By BLOOMBERG NEWS | April 2, 1998
GLENVIEW, Ill. -- Zenith Electronics Corp.'s losses widened in the fourth quarter, causing its auditors to raise "substantial doubt" about the television maker's ability to survive.Zenith said it has received enough cash from majority owner LG Electronics Inc. of South Korea to carry it through June but warned that it may seek bankruptcy protection without additional financing.Zenith shares fell $2.0625 to $4.5625.The crisis is the worst yet for the 80-year-old company, which has reported a loss every year but one since 1985 and has never recovered from a flood of low-priced Japanese televisions into the United States in the 1970s and 1980s.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,Sun reporter | January 18, 2008
Two high-profile apartment projects in downtown Baltimore have wrapped up construction and are adding several hundred luxury residences to the market, one in a historic, former office building in the hub of west-side redevelopment and the other a new building overlooking Camden Yards. Construction is nearly done on the 183-unit former Baltimore Gas and Electric Co. headquarters, a nearly century-old Beaux-Arts building at 39 W. Lexington St., and the developer is kicking off leasing this weekend.
FEATURES
By Edward Gunts and Edward Gunts,SUN ARCHITECTURE CRITIC | January 6, 2003
While city officials wait to see how many proposals they get for a high-rise "convention hotel" near Oriole Park, developers are moving ahead with plans to construct another tall building in the same area, a 22-story apartment tower called the Zenith. Baltimore's Design Advisory Panel last month approved schematic plans for the $35 million, 191-unit project, which is being planned by Legacy Harrison Development LLC for the southwest corner of Pratt and Paca streets. The land is just west of a two-block parcel where Black Entertainment Television founder Robert Johnson has proposed a 24-story, 750-room Hilton Hotel and a separate building containing a new headquarters for Catholic Relief Services.
NEWS
By FRANK ROYLANCE and FRANK ROYLANCE,frank.roylance@baltsun.com | May 24, 2009
Attention, Space Cadets! Clouds might interfere, but if we get lucky, watch for a very bright International Space Station on Monday evening as it passes directly over Baltimore. Look for it to rise above the northwest horizon at 10:05 p.m. and pass right through the cup of the Big Dipper. It will climb nearly to the zenith (straight up) by 10:08, then vanish into the Earth's shadow a few seconds later.
NEWS
By Scott Calvert and Scott Calvert,SUN STAFF | May 2, 2004
The Zenith, a 23-story luxury apartment tower, was supposed to have reshaped Baltimore's skyline by now, with residents on top floors able to peer into Oriole Park at Camden Yards. Instead, the Zenith site is still a parking lot at Pratt and Paca streets. And much is riding on the project's outcome for both the developer and Mayor Martin O'Malley, who has hailed the project as a showcase of his efforts to encourage minority-owned businesses. Despite months of delay, the developer and city officials say the $35 million, city-aided project remains on track two years after it was announced with fanfare.