Northrop Wins Takeover Battle for Grumman Corp
Northrop Corp. won the bid for Grumman Corp. in a $2.17 billion takeover, prompting a break from a merger plan with Martin Marietta. Grumman’s board backs the Northrop offer, forming Northrop Grumman Corp with expected annual revenues above $8 billion.
MENTIONED IN THIS ARTICLE
Northrop
Grumman Corp
New York
Northrop Corp
Martin Marietta Corp
Grumman
Kent Kresa
Bethpage
N.C
Martin Marietta
Benso L. Caporali
Northrop Grumman Corp
Blind Industries to lay off 100 workers in three Maryland plants
Blind Industries and Services of Maryland plans to lay off 100 workers at its Baltimore Cumberland and Salisbury plants due to a 32 percent drop in federal orders as the Pentagon budget contracts. Cumberland faces a break-even shortfall, with 160000 monthly sales needed against 40000 on the books. Some staff will be recalled if orders rebound, while officials consider a legislative audit.
MENTIONED IN THIS ARTICLE
Blind Industries
Baltimore
Cumberland
Salisbury
Pentagon
Fred Puente
Board of Trustees For Blind Industries and Services of
Maryland
Claire Ricci
Ms. Ricci
John Hafer
R-Allegany
Garrett
Hafer
Puente
Gary Klatt
Charleston
W.va
Potomac Edison
West Virginia
Public Service Commission
Harrison Power Station
Fairmont
Allegheny Power System
Disney president Wells killed in Nevada helicopter crash
Frank Wells, Disney president and chief operating officer, died in a Sunday helicopter crash during a heli-skiing expedition in central Nevada. Two others also perished. Eisner called Wells a life force and praised his wisdom and intellect as Disney’s revival accelerated from $1.5 billion to $8.5 billion in revenues and $2 billion to $22 billion in market value.
MENTIONED IN THIS ARTICLE
Burbank
Galif
Frank Wells
Walt Disney Co
Mr. Wells
Disney
Nevada
Michael Eisner
Mr. Eisner
Wells
Mr.Eisner
Aladin
Warner Brothers Inc
Baltimore investor felon Lee Der convicted in multimillion fraud
Lee Paul Der, a former Baltimore County resident, was convicted on three counts including fraudulent misappropriation by a fiduciary, fraudulent securities practices, and sale of unregistered securities. His schemes raised over 700000 from investors, including a latex gloves import ruse tied to AIDS fears, a real estate investment scheme, and fraudulent commodity transactions. He was extradited from Hong Kong and faces sentencing set for June 17.
MENTIONED IN THIS ARTICLE
Lee Paul der
Baltimore County
Der
Hong Kong
United States
Mutual funds facts from ICI overview by Edward Jones
Randy Bluhm summarizes mutual fund basics and trivia from ICI. Assets total near two trillion split across stock bond and money market funds. Most new money comes from existing shareholders, not CDs. Mutual funds are regulated. many assets are in retirement plans and municipal bond funds. Contact Bluhm at Edward Jones in Frederick for portfolio info.
MENTIONED IN THIS ARTICLE
Investment Company Institute
ICI
Washington, D.C
Mutual Fund
Randy Bluhm
Edward D. Jones & Co
W. Patrick Street
Frederick
Podiatric surgical center planned in Mount Airy
Dr. Kenneth Benjamin and Dr. Paul Lazar plan a complete podiatric surgical center at Twin Arch Foot Care in Mount Airy to serve local patients, with a heel pain center and full foot surgery services. Existing centers in Frederick and Gaithersburg will remain, numbers for appointments listed.
MENTIONED IN THIS ARTICLE
Ed Waters Jr
Kenneth Benjamin
Paul Lazar
Mount Airy
Benjamin
Frederick
Amber Meadows
Montgomery County
Gaithersburg
American College of Foot and Ankle Surgeons
Twin Arch
Twin Arch Road
Nikkei Falls in Quiet Tokyo Trading on Rates Worries
Tokyo shares eased as investors weighed Wall Street rate expectations. The Nikkei Stock Average fell 154.94 points to 19,122.22, a 0.81 percent drop, while the dollar strengthened to 103.77 yen.
MENTIONED IN THIS ARTICLE
Tokyo
Wall Street
Also Mentioned on This Page
Norman Augustine
Bethesda
GE Aerospace
General Dynamics Space Launch
The
Associated Press
Berland
Mr. Klatt
Coo
Mount
Everest
Coronado
U.S. Navy
California
East Coast
Pomona College
Oxford University
Rhodes
Stanford Law School
Luanne
Kevin
Briant
Montgomery
Howard Counties
Frederick County
First General Mortgage Company
Frederck News Post
Monocacy Federal Credit Union
Orle
Old Farm Drive
Chamber of
Chamber of Commerce
Chamber Services Chamber Membership
AENT
Nationwide
Bruce A Finch
East
Patrick St. Frederick
Nationwide Financial Services
Maamonwace Fa of! Your Bice
Rama Office CokeTibua
Edward D. Jones
Stock Market Report
Randy S. Bluhm
Edward D. Jones Co
W. Patrick St. Frederick
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