Justice Department approves Alcoa Alumax deal with divestiture
The Justice Department approved Alcoa's 3.8 billion acquisition of Alumax after requiring divestiture of cast plate operations to preserve competition. The settlement stalls a merger that would have left Alcoa and Alumax with 90 percent of cast plate, a $74 million annual market. Alcoa to sell Vernon California plant and related operations to a buyer who will continue cast plate production.
MENTIONED IN THIS ARTICLE
Justice Department
Alumax
Alcoa
Washington
Alumax Inc
Eastalco Aluminum
Buckeystown
U.S. District Court
Altimax
Joel J. Klein
Justice
Antitrust
Vernon, Calif
Indus
The
Aluminum Company of America
Pittsburgh
Reynolds Metals Co
Alabama
Atlanta
Obrecht plans 43500 square-foot office building at Omega Center
Obrecht Associates of Timonium is building a 43500 square foot building at the Omega Center off Executive Way. It will be available for lease in spring with no signed contracts yet but several inquiries. The site spans 3.5 acres with access from Executive Way and Governor's Way and may host office or warehouse use.
MENTIONED IN THIS ARTICLE
Omega Center
Frederick
Obrecht & Associates
Timonium
Executive Way
Marty Storck
Obrecht
Sev
Eral
Governor's Way
Qobrecht
Frederick County Planning Commission
Francis Scott Key
Homewood Retirement Center
Goldman Sachs to sell stock to public in IPO plan
Goldman Sachs will exit its 129 year private partnership by offering 10 to 15 percent of the firm as publicly traded shares. The move follows unanimous support from the executive committee and strong partner backing, with an anticipated fall offering valuing the company at 20 to 30 billion dollars.
MENTIONED IN THIS ARTICLE
New York
Goldman, Sachs & Co
Wall Street
Goldman Sachs
Goldman
Grain and soybean futures slide on favorable weather outlook
Grain and soybean futures on the Chicago Board of Trade dropped sharply as forecasts for favorable growing weather in major regions sparked selling. Prices pulled back gains from Friday when forecasts of hot, warm weather had boosted markets. Weather service signals below normal temperatures and above normal precipitation continue to shape the outlook.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Midwest
National Weather Service
Weath
GM strike widens as talks press for quick settlement
Negotiators sought to end UAW strikes at two GM plants as a looming June convention in Las Vegas adds political pressure. About 9,200 workers in Flint triggered idling of over 56,000 more at 13 GM assembly plants and 65 parts facilities nationwide, with further layoffs reported.
MENTIONED IN THIS ARTICLE
Detroit
United Auto Workers
General Motors Corp
Flint
Mich
Baltimore
North America
UAW
Las Vegas
Stephen Yokich
Nevada
IRC
Money Fund
Wall Street Journal
Olsten Staffing Relocates Offices in Frederick
Olsten Staffing Services moves from Patrick Center to Westview Corporate Campus in Frederick near Interstate 270 and 170. The new office offers more parking and aims to increase walk through traffic as teams finish drywall, flooring, and wiring. Open houses for both Frederick and Hagerstown locations planned in July with staff in training for the Hagerstown site.
MENTIONED IN THIS ARTICLE
Olsten
Partick Center
Westview
Frederic
New York
Porary
Remsrmanent
Locati
Hennie
Ms. Hennie
Hagerstown
Frederick
Also Mentioned on This Page
Omega
Dow Jones
Kmart
Life Tech
Lockheed
Alleg Eargy
Lowe’s
Alpha Ind
Marriott
AIT
Medimm
BGE Ko Mercantile
Bokshr
Beli Ad
Atlan
Nations Bank
CBM Sla
CSX Corp
Orbital Mvryan Undgd
Coca Cola
Sciences
Comsat
PennNat
Pepsico
Crown Amer
Exxon
Sears
Fcnb Corp
Serv Merc
FAM Bancorp
First United
Unwigd Toys R Us i
US Airways
WalMart
Giant Foods
A Weis
GaPacific
Ferris Baker Watts
U.S. Agriculture Department
FDIC
Fcnb Bank Money Market
Fcnb Bank
FCN
WBANK
Katherine Marks
News- St
Dean Witter
Mark A. Stull
Patrick Center
West
Patrick St
Rey
Nolds Inc
SIPC
Ons
Supplier Incorporated
Judy Brown
Fountainhead Plaza
WSPAP
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