Baltimore Business Journal articles from June 1996

Baltimore Business Journal archives from June 1996

Setting the tone: Bell Atlantic at 'critical juncture' as it awaits rate-setting ruling. (Bell Atlantic-Maryland Inc.)
June 7, 1996... Bell Atlantic at 'critical juncture' as it awaits rate-setting ruling Daniel Whelan is anxious, and he doesn't care who knows it. It's crunch time for the president of Bell Atlantic Corp.'s Maryland subsidiary. This month, state regulators...

U.S. Can plant slated to close. (U.S. Can Corp.)
June 7, 1996... The nation's leading supplier of metal containers is closing one of its six Baltimore plants next month, eliminating about 71 jobs. U.S. Can Corp. which acquired the West Baltimore facility from Alltrista Corp. just two months ago, has notified...

State energy contracts may go to private firms.
June 7, 1996... If Towson State University needs to upgrade its air conditioning systems so students can keep cool while studying for final exams, it wouldn't be unreasonable for college officials to expect the state to pay for it. But under a proposed new...

Gap emerges as chief bidder for MGRE site. (Gap Inc.; Merry-Go-Round Enterprises Inc.)
June 7, 1996... The Gap Inc. is considering buying the sprawling warehouse and office building in Joppa that is the former headquarters of Merry-Go-Round Enterprises Inc. The trustee in charge of liquidating bankrupt Merry-Go-Round's assets, Deborah Hunt...

Who's who to form thrift. (former bankers and cabinet members organize a new savings and loan plans)
June 14, 1996... Former bankers, cabinet member plan new venture A who's who of names from Maryland's past is planning to raise up to $3 million to organize a new savings and loan. Two well-known former bankers, a former state cabinet member and a former...

Carrollton targets discount stores. (Carollton Bank establishes an ATM network in several stores.)
June 14, 1996... Carrollton lands Target ATM account Tiny bank goes after market, but profits are elusive When 24 new Target discount department stores open in the Baltimore-Washington area this year, shoppers in need of some quick cash probably will use...

Need some cash? SEC to allow stock trades online. (Internet stock trading)
June 14, 1996... WASHINGTON - The U.S. Securities and Exchange Commission is ready to allow companies to set up their own bulletin boards on the Internet to trade their stock. Companies will be able to set up their own trading pages where interested investors...

Passing the review board's tests. (Baltimore Architectural Review Board)
June 14, 1996... Architects insist their sessions with critical group helpful To anyone who has ever attended a meeting of Baltimore's Architectural Review Board, the scene is familiar. Two architects presenting plans to convert the former Hamburgers...

Mapmakers on quest for perfect flat view of region. (ADC and Associates Inc.)
June 14, 1996... Jon DiVirgilio is a real estate broker, so naturally, he drives a lot. To find out where he's going, DiVirgilio carries around four local road maps as he conducts business throughout the Baltimore area. That wouldn't seem like much if these...

NAWBO president targets new recruits. (National Association of Women Business Owners)
June 14, 1996... For Suzanne Pearce, there's always strength in numbers. That's why her chief goal as the new president of the Maryland Chapter of the National Association of Women Business Owners is to increase membership. "More numbers mean more business...

Designer starts new game firm; Meier, two others leave MicroProse. (Sid Meier; Firaxis Software)
June 21, 1996... Meier, two others leave MicroProse One of the nation's leading computer games designers is starting a new software development firm in Hunt Valley. Sid Meier, a top designer for the MicroProse entertainment software company and one of its...

Coffee Mill brewing up bean deal; store set to merge with wholesaler. (merger with Clear Mountain Coffee)
June 21, 1996... Store set to merge with wholesaler Tom and Rosemary Thompson have developed a formidable caffeine habit in the last two decades. They've owned and operated two Coffee Mill stores, one in Hampden and the other in Belvedere Square. As...

First National lands another coveted state contract. (First National Bank of Maryland)
June 21, 1996... Bank wins $150,000 role as fiscal agent for treasurer's office and transportation agency First National Bank of Maryland is on a roll. The $10 billion bank this month regained a four-year contract to act as the fiscal agent for the Maryland...

Prime Retail Inc. (Proxy Report Excerpts)(Company Profile)
June 21, 1996... Corporate Profile: In 1996, Prime Retail's second year as a publicly traded real estate investment trust, the company initiated plans to restructure its capital by exchanging 4.2 million shares of its preferred stock for common stock. The move...

Dairy says Richfood skirting accord. (Cloverland Farms Dairy; Richfood Holdings Inc.)
June 28, 1996... The milk wars aren't over. Cloverland Farms Dairy, Baltimore's oldest dairy, has filed suit for the second time in three months against the owner of 18 Baltimore-area supermarkets. The dairy claims that the supermarket owner, Richfood...

Remember First Union? (First Union Corp.'s acquisition of First Fidelity Bank)
June 28, 1996... After slow start in Baltimore, North Carolina bank ready to make a name for itself with First Fidelity buy Forget about the North Carolina bank that bought the beleaguered First American Bank, declared its commitment to Baltimore and then...

Sun gets ready to venture into online services. (Baltimore Sun Co.)
June 28, 1996... The Baltimore Sun Co. wants to share itself with the world soon - an ambition it has yet to share with its editorial staff. That's because its new site on the World Wide Web has a separate staff to organize information and coordinate community...

Howard County firm makes bid deal with Sprint. (Ciena Corp.; Sprint Corp.)
June 28, 1996... A multi-million dollar deal with telecommunications giant Sprint Corp. may be the big break that a small Howard County company has been waiting for. Ciena Corp. will install its transmission systems on Sprint's fiber optic telephone lines....

Fells Point retailers clash over new name. (Fells Point, Baltimore)(Special Report: Minority Business)(Industry Overview)
June 28, 1996... Hispanics and non-Hispanics in Upper Fells Point are divided over plans to turn part of the community into an official "Spanish Town." Area merchants support the idea of improving the area, but not all believe the community's name should be...

Mid-Atlantic Realty Trust. (Proxy Report Excerpts)(Directory)
June 28, 1996... Corporate profile Sticking to its strategy of selectively acquiring new projects and disposing of underperforming assets, Mid-Atlantic Realty Trust posted strong gains in 1995. For the year ended Dec. 31, funds from operations - the most...