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News in Frederick, Maryland

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Jan 31, 1980

Page

10

Bethlehem Steel posts near record 1978 year profits

Bethlehem Steel Corp reports 1978 full year net income of 276 million, 631 per share on 7.1 billion in sales, second best in company history after 1974. Fourth quarter profits drop 48 percent to 386 million. 1979 first quarter sales reach 176 million. Chairman Foy cites economic slowdown and inflation.

Bethlehem, Pa Bethlehem Steel Corp Company Lewis Foy Bethlehem Board of Directors US Steel Corp US Steel Foy

Maryland expands use of short form for state tax returns

Marylanders may file the short form 503 if income is 20000 or less and no itemized deductions. State Comptroller Louis L Goldstein says the change benefits W 2 filers and retirees with standard deduction. An emergency measure may raise pension exclusions for totally disabled retirees as 1980 General Assembly action looms.

Goldstein General Assembly Martland

Maryland business and tax updates noted in briefs

Jeffrey C. Ronald named vice president of Equitable Trust Co. Baltimore with 26 others promoted to officer roles. Promotions include Cletus Carr and Thomas Rollins to second vice president and multiple officers to senior and trust roles. Maryland taxpayers face changes to standard deduction and tax packets, with savings up to 187.50 for some couples. Surviving spouse status offers a $4,400 tax exemption for two years after a spouse’s death, while capital gains from Maryland bonds are tax exempt.

Jeffrey C. Ronald Equitable Trust Co Baltimore Cletus L. Carr Thomas C. Rollins Ludwell L. Miller III H. Kent Porter Joseph A. Spiegel Donald E. Starkey Wendy E. Martucci Mary Lou Kasten Michael L. Oster Henry P. Madera III Phyllis L. Wagner Charles Terzier Lucy MM. Boudris Raymond G Beichler Scot Mary A Frick Jean E Toley Donna M. Wrecsek Evelyn M Blunt Helen Drexel Lydia Frazier Robert L Sands Bankire Japet A. Nelson S A Halil Estelle L. Nelson Assis Carol L. Baker Maryland Goldstein Maryland Department of Assessments and Taxation Baltimore City Anne Arundel Calvert Frederick David Gemesierie Ted Wah Peraen

Government defends R&D investigation into Black & Decker

The U S Justice Department asks a federal court to compel Black & Decker to answer questions and provide documents in a civil anti trust probe. It alleges the Towson company used market power to expand portable tool accessories sales and may have engaged in predatory pricing and distress pricing to undercut rivals.

Baltimore U.S. Justice Department Black & Decker Department Anti-Trust Justice Department

Longshoremen load Russian grain in New Orleans amid ILA clash

Eight longshoremen loaded 50 000 tons of corn aboard the Julia L bound for the Soviet Union after a judge ordered the first break in the ILA boycott on Russian bound cargo. NLRB moves to curb the union’s protest tied to Afghanistan occupation with injunctions possible.

New Orleans Soviet Union International Longshoremen's Association ILA National Labor Relations Board Afghanistan Maine Texas Justice Department U.S Carter U.S.R NLRB William A Lubbers Thomas Miller Washington Lubbers American Texas and Kansas Farm Bureaus Veronica Wicker New Orleans Steamship Association Julia L Mississippi River Norris Plaisance Ioannis Zafirakis Russia Florida

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