Frederick area business leaders recognize notable appointments and honors
Multiple community figures in Frederick County receive promotions and awards. Gail Fitzger ald becomes chief financial officer at the Community Foundation of Frederick County. Chris Davitt earns honor for global service and leadership with a Florida HQ visit and trip to Haiti. Dr Kusay Barakat recertified in critical care medicine with multiple international credentials. Real estate and brokerage firms announce top agents and new hires, including Cordwell Banker Stevens, WAFY Radio appoints Brian Unger, and long-standing professionals receive designations such as ABR and GRI.
Vlasic Foods seeks bankruptcy to sell pickle business to Heinz
Vlasic Foods International the pickle maker behind Open Pit sauce and Swanson brand filed Chapter 11 in Delaware. It seeks to sell its pickle and Open Pit barbecue businesses to Heinz Co for 195 million while allowing bids from other suitors. If approved Heinz would become the nation’s largest pickle producer and leverage its ketchup leadership.
MENTIONED IN THIS ARTICLE
Cherry Hill. NJ
Vlasic Foods International
Swanson
H.J. Heinz Co
Vlnsic
Campbell Soup Co
Campbell
Vlasic Foods
U.S
Delaware
Kevin Lowery
Robert F. Bernstock
Vlasic
Heimz
Lowery
Heinz
Joseph Jimenez
Jimenez
United States
Meetaport & Company
Prlasic
United Kingdom
Philadelphia
Open Pit
Imlay City
Mich
Millsboro
Del
Levitt Leaves SEC After Pushing Investor Protections
Arthur Levitt, longtime SEC chairman, leaves after championing small investors and steering reforms. He launched the Office of Investor Education, created the Cyberforce, and backed Regulation FD to curb information advantages. He urged investors to stay informed and skeptical amid a rising online fraud risk.
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Washington AP
Arthur Levitt
Leal
Exchange Commission
Governent
Wall Street
America
Congress
SEC
Levitt
Marc Lackritz
Securities Industry Association
Lackritz
Ms. Roper
Mr. Levitt
Clinton
Lockheed Martin posts sharp Q4 earnings drop
Bethesda based Lockheed Martin reports fourth quarter 2000 earnings of 21 cents per share on 89 million dollars, down 70 percent from 1999. Revenue rises to 7.6 billion with a net loss of 519 million dollars amid debt retirement and nonrecurring charges. without special items earnings would be 38 cents per share on 157 million. Space Systems earnings fell to 90 million before tax from 225 million, with 2 billion in sales in the quarter. Uni-Marts posts 7 cents a share on 520 thousand dollars net for week ending Jan 4 2001. revenue up 55 percent to 109.6 million.
MENTIONED IN THIS ARTICLE
Lanham
Lockheed Martin
Space Systems
Bethesda- Based
Defense
Lockheed
Bese
Space Systems Division
Uni-Marts
Com
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Florida
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Long & Foster Real Estate
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LATCE
American General Career Distribution Group
National Association of Insurance and Financial Advisers
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Medimmune Inc
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Dimensons II
Frederik
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Max Healty
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ORD
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