Prime Computer Recommends $1.1B Buyout by Whitney Co
Prime Computer Inc. reluctantly urges shareholders to accept J H Whitney & Co for about $1.1 billion, $74 million below Whitney's prior offer. The board says the merger remains better than selling the minicomputer division to MAI Basic Four Inc. of Tustin, California, at $525 million.
MENTIONED IN THIS ARTICLE
Prime
Boston
Prime Computer Inc
J.H. Whitney & Co
Whitney
MAI Basic Four Inc
Tustin
Calif
TWA Suspends Contract Talks Amid Possible Merger
Trans World Airlines halted negotiations with its largest union amid reports of a potential merger or management changes at the carrier. The airline confirmed the talks were suspended but did not provide a reason. Activist investor Carl Icahn has shown interest in Eastern Airlines and had been in talks with its unions.
MENTIONED IN THIS ARTICLE
ST. Louis
Trans World Airlines Inc
Carl Kahn
Icahn
Eastern Airlines
Checchi completes $3.65B Northwest buyout
Los Angeles investor Alfred Checchi signed acquisition papers to finalize his group’s $3.65 billion purchase of NWA Inc., parent of Northwest Airlines. He said all publicly held NWA common shares were bought at $121 each, ending the takeover battle started in March.
MENTIONED IN THIS ARTICLE
Minneapolis
Los Angeles
Alfred Checchi
NWA Inc
Northwest Airlines
Marriott Corp
NWA
Checchi
Senate oil spill bill clears Senate vote
The Senate approved a measure to raise company liability for oil spills, create a nationwide cleanup system, and set up a $1 billion trust fund to aid damages. The bill follows the Exxon Valdez disaster, which dumped about 11 million gallons into Prince William Sound, Alaska.
MENTIONED IN THIS ARTICLE
Washington
Senate
Exxon Valdez
Alaska
Prince William Sound
Trading probe could indict up to 200 insiders
Chicago AP report says a federal probe into fraudulent trading at the Chicago Board of Trade and the Chicago Mercantile Exchange may yield as many as 200 indictments. Defense lawyer George Collins cautioned outcomes are uncertain as U S Attorney Anton Valukas’ office declined to comment on the breadth of the investigation.
MENTIONED IN THIS ARTICLE
Chicago
George Collins
U.S
Anton Valukas
Chicago Board of Trade
Chicago Mercantile Exchange
EPA bans anti ant chemical sodium arsenate
The EPA banned household ant killers containing sodium arsenate due to danger to children. The chemical targets nuisance ants and poses no direct threat to health crops or wood. Spokesman Ed Hever noted the product is a liquid sold under many brands and applied by purchasers with exposure.
MENTIONED IN THIS ARTICLE
Washington
Environmental Protection Agency
EPA
Ed Hever
Major oil reservoir found near Prudhoe Bay
Arco Alaska Inc announced test wells near the Prudhoe Bay field on Alaska's North Slope confirmed a major oil discovery. A test well 24 miles west of the 1988 discovery at Point McIntyre flowed up to 5400 barrels per day, signaling one of the largest US finds in a decade.
MENTIONED IN THIS ARTICLE
Anchorage
USAir completes Piedmont merger at BWI with expanded gates
USAir completes its Piedmont merger at Baltimore Washington International Airport. The 24 jet gates replace Piedmont positions and expand USAir counters. About 2,450 local workers are affected by growth, with no local layoffs reported. Nationwide, the combined airline employs 48,500 after absorbing PSA and Southwest personnel.
MENTIONED IN THIS ARTICLE
Linthicum
Baltimore-Washington International
Usair
Usair Group
Piedmont
Maryland
Pier D
Bwi
American
Northwest
Baltimore
Steve Boykin
Ien Southwest Airlines
PSA
Ailine
Dart sales jump 52 percent in quarter ended July 31
Dart Group Corp reports a 52 percent rise in quarterly sales to 207 million for the three months ending July 31, up from 136.4 million. Chairman Herbert H Haft cites inclusion of Shopper's Food Warehouse, plus more stores and sales from Crown Books and Trak Auto as key factors. Six month sales rose to 415.3 million from 227 million.
MENTIONED IN THIS ARTICLE
Landover
Dart Group Corp
Herbert H Haft
Dart
Haft
Shopper's Food Warhouse
Crown Books
Trak Auto
Air Dart
Low-interest Maryland mortgage money via Purchase Program
The Maryland Department of Housing offers low interest 30 year mortgages through the Mortgage Purchase Program with about 2.5 million available in Frederick County. Eligible buyers on incomes 25 000 or less pay 7 percent. over 25 000 pay 8 percent. Maximum purchase price 77 000. Apply through participating lenders. county housing office lists lenders and calls 694 1061 for details.
MENTIONED IN THIS ARTICLE
Maryland Department of Housing and Community Development
Frederick County
Orrowers
Apoon
Frederick County Housing and Communityvelopment Office
Also Mentioned on This Page
TWA
Northwest Company
Maryland Business
Ras
Indiana, Pa
L.A. Gear
Reebok
Nike
Air Cross Braton
Cory
L.A
Reebok “Wizzard
Air Force
Converse
Showtime
Outfitters
Cpes
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