Lockheed to Buy Northrop Grumman for 7.9 Billion
Lockheed Martin agreed to acquire Northrop Grumman for 7.9 billion dollars expanding its defense portfolio with the stealth bomber and MX missile. The merged group would employ about 230,000 people with 37 billion dollars in annual revenue, pending regulators and shareholder approvals.
MENTIONED IN THIS ARTICLE
Baltimore
Lockheed Martin Corp
Northrop Grumman Corp
Norman R. Augustine
Lockheed Martin
James Fetig
Lockheed
Loral
Northrop
Grumman
General Motors
Hughes Electronics
Northrop Grumman
Local graduates move into design and medical careers
Vicki Beall, cum laude graduate of the University of Maryland Baltimore County, earned a bachelor of arts in graphic design and joins the workforce as a graphic designer. She is the daughter of Diane and Clark Beall of Clarksburg and was active in Golden Key and Phi Kappa Phi at UMBC. Christopher Gadomski, formerly of Frederick, begins medical school at Western University of Health Sciences in Southern California after earning a UC Berkeley bachelor of science in biological sciences in 1993 and working at Cedars-Sinai. he is the son of Penny Eiker and Al Gadomski of Frederick.
MENTIONED IN THIS ARTICLE
Vicki Beall
University of Maryland
Baltimore County
Diane and
Clark Beall
Clarksburg
UMBC
Golden Key
Phi Kappa Phi
Miss Beall
Christopher Gadomski
Frederick
Western University of Health Sciences
Southern California
Los Angeles
University of California
Cedars-Sinai Medical Center
Penny Eiker
al Gadomski
Maryland firm named among nation’s top tech users by PC Week
Blue Cross and Blue Shield of Maryland is listed in PC Week’s top 500 for Internet Web video conferencing and advanced computer use. Frederick Women’s Club meets July 15 at Holiday Inn with Delegate Lomse V Snodgrass as guest speaker. reservations call Nina Schiff. Sherri Smith, MD, a Middletown High School and University of Maryland Medical System resident, has begun matrics residency. Jonathan Rowlett named to Carnegie Mellon dean’s list and NSCS. works as a programmer at CDSI. Helena M. Kitzmiller wins $1000 in Mellon Home Equity Sweepstakes. Aspen Systems relocates to Research Office Center Rockville. 150,000 sq ft, 1,800 employees. 49 West Towing honored by AAA for road service to 500–800 members monthly.
MENTIONED IN THIS ARTICLE
Blue Cross
Blue Shield of
Maryland
PC Week
Frederick
Sherri Smith
University of Maryland School of Medicine
Baltimore
Kenneth and
Ellen Smith
Middletown
Middletown High School
Western Maryland College
Westminster
University of Maryland Medical System
Jonathan Rowlett
Carnegie Mellon University
Pittsburgh
National Society of Collegiate Scholars
Frederick High School
CDSI
Gaithersburg
Shari Rowlett
Mortgage rates rise for 30 year and short terms in week
Washington AP reports that 30 year fixed rates averaged 7.62 percent, up from 7.58, marking an increase after nine declines in 13 weeks. Fifteen year mortgages averaged 7.15 percent, up from 7.13, while one year ARMs averaged 5.67 percent, up from 5.66. Fees or points not included.
MENTIONED IN THIS ARTICLE
Washington
Federal Home Loan Mortgage Corp
Federal Reserve
Manor Care Reports Large Fiscal Year Profit
Manor Care, operator of nursing homes and assisted living facilities, posted a $136.9 million profit for the year ending May 31. The company runs 208 facilities with 27,508 beds across 28 states, and reported $15 billion in revenue, up 22.4 percent from the prior year’s $1.2 billion.
MENTIONED IN THIS ARTICLE
Gaithersburg
Manor Care
Chessie Federal Credit Union to offer KidCare ID event
The Frederick Branch of Chessie Federal Credit Union hosts Project KidCare ID on Saturday July 26 from 10 30 am to 2 30 pm. Parents receive free high quality photos for a KidCare ID booklet plus vital statistics for law enforcement. The program, built by Polaroid Corp and the National Center for Missing and Exploited Children, aims to raise child safety awareness and aid searches.
MENTIONED IN THIS ARTICLE
Ed Waters Jr
Frederick
Chessie Federal Credit Union
Project KidCare
Baker Park
Shelley Tressler
Anna Dempster
Moola
Hugh Dempster
Elaine Dempster
Louis Haynes
Polaroid Corp
National Center For Missing and Exploited Children
U.S. Department of Justice
Rhonda Banker
Ernest Allen
EU panel urges blocking Boeing McDonnell merger
An EU antitrust advisory panel recommended blocking the Boeing McDonnell-Douglas merger, warning it would strengthen Boeing’s dominant market position in large civilian jetliners. The committee cited insufficient measures to prevent an oversized influence while noting Western Europe’s ongoing review.
MENTIONED IN THIS ARTICLE
Brussels
Belgium
Boeing Co
MccDonnell-Douglas Corp
Boeing
European Union
Europe
Also Mentioned on This Page
McDonnell Douglas
U.S
Jon Kuttler
Quarterdeck Investment Partners
Lockheed/ Northrop
Boeing/McDonnell
Raytheon Co
Exxon
Nations Bank
Fcnb Corp
NV Ryan
Dow Jones
F&m Bancorp
PennNat
First United
Fe —'Te
Vie New York
Fred Brew
Jcpenney
Pepsico
Nhs
Giant Foods
Hs Sears
He Cte Corp
Undigd
IBM
Vic BioWhittaker
Life Tech
WalMart
CSX Corp
Coca Cola
Lowe
He Weis
Marriott
Crown Amer
Ferris Baker Watts, Inc
Beall
Gadomski
Rowlett
Helena M. Kitzmiller
Brunswick
Mellon
Aspen Systems Corp
Information Management and Technical Services Corporation
Research
Research Boulevard
Rockville
Montgomery County
West Towing and Recovery
AAA
Ms. Dempster
Airbus Industrie Consortium
Middletown Valley Bank
E. Main St
Jefferson
AER Eth
Sick News
Scottsdale Securities
Ines
Scottsdale
Scottsdale Securities, Inc. Discount Stock Brokers
Monroe Street Plaza
SIDC
Scottedale
Jin Vk
Onick & Ren Bo
Fededin
Olle
Waterhau
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