Employee takeover of foundry completed
Ninety five employees have formally taken over Frederick Iron and Steel Inc. after a 1.826 million buyout of shareholders. The transaction, the first employee buyout in Maryland with MIDFA support, transfers control to an Employee Stock Ownership Plan. Hummer becomes director and consultant as MIDFA and Fredericktown Bank & Trust provide financing.
MENTIONED IN THIS ARTICLE
Frederick Iron & Steel Inc
Maryland
Maryland Industrial Development Financing Authority
J. Elwood Hummer
Hummer
Frederick
Seventh St
Fredericktown Bank and Trust Co
MIDFA
Mme Seu
H. Evans Smith Jr
Rose and Moscowitz
Cincinnati
New Year resolutions span hopes and humor across guests
A New Year feature recalls classic resolutions from diverse locals and cites historic practices from ancient Persians to Romans. Residents like Gracie Heller and Robin Beahm joke about long lists and weight goals while others aim for better health and grades. The piece notes 1986 reflections and pauses before continuing on Page A2.
MENTIONED IN THIS ARTICLE
Butler
Charles
Singanore Road
Gracie Heller
Times Square
Frederick
Robin Beahm
Old England
Janus
Mary Rivera
Nationwide New Year's Eve drunk driving crackdown urged
Nationwide effort includes free cab and bus rides and extra police patrols to cut holiday alcohol related fatalities. In New Hampshire a grandmother knitting booties commercial warns of the risks after a child died in a drunk driving crash. Cities from Phoenix to Nashville offer rides and designated driver programs. Colorado police plan sobriety roadblocks and multiple patrol teams continue tonight.
MENTIONED IN THIS ARTICLE
New Hampshire
Frederick
Frederick County
Citizens Band Radio Club
Phoenix
Ariz
Nashville
Teen
Albuquerque
N.M
Little Rock
Ark
Raleigh
N.C
Lansing
Kipling Quote On Work And Strength Echoed In Newspaper Feature
Inside The News notes Rudyard Kipling saying there is enough work to do and strength to do it, reflecting resilience and determination. The piece emphasizes perseverance and diligence as guiding traits.
Israel calls for sanctions against Libya over airline attacks
Prime Minister Shimon Peres urged international sanctions on Libya and vowed Israel would strike terrorism wherever. He linked Libya to the El Al attacks via Abu Nidal and called for coordinated retaliation, while U.S. and Israeli officials welcomed strengthened stance against terrorists. Five Americans were among 18 dead in the bombings.
MENTIONED IN THIS ARTICLE
Associated Press
Kfar Sava
Israel
Shimon Peres
Libya
Peres
el al
Equniers
Rome
Vienna
Abu Nidal
Tel Aviv
White House
Eban
Defense and Foreign Affairs Committee
Israel Radio
Larry Speakes
Washington
U.S
County jobless rate lowest in Maryland says report
Maryland's November unemployment touched 4.5 percent statewide while Frederick County posted the lowest rate at 2.3 percent. The Hastern Shore’s Somerset County showed a high of 14.4 percent. labor force rose by 12,291 to 2,302,014 with 1,809 more unemployed, driven by holiday hiring and ongoing layoffs in several sectors.
MENTIONED IN THIS ARTICLE
Frederick County
Maryland
Department of Employment and Training
Somerset County
Hastern Shore
New Hampshire
Massachusetts
Maine
Rhode Island
Vermont
Delaware
No Paper Wednesday New Year Holiday Notice
The Frederick News Post will not publish on New Year’s Day January 1 to give employees a holiday. The business office will reopen on Thursday January 2 at normal hours. Safe and happy new year from management and staff.
MENTIONED IN THIS ARTICLE
Frederick
Also Mentioned on This Page
Foundry
ED Waters JR
News-Post
C. Kurt Holter
Eddie Thomas
Frederick Iron and Steel
Mike Clem
Samuel Butler
Nancy Hennessey
Don Barnes
Barnes
Thomas Johnson
Tammy Croneburg
Charis Bean
Brigham Young University
Inside the News
Aia
Yitzhak Shamir
George Shultz
Abba Eban
Muammar Khadafy
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