In the Region
Harbor task force delays new lease for Fells Point schooner
The Inner Harbor Task Force delayed action yesterday, pending further discussion, on a lease for the Fells Point schooner Nighthawk that would nearly double its rent and makes the lease nonrenewable after five years.
In a letter dated May 9, the city solicitor had proposed raising the rent to $812 a month and added the nonrenewal clause, along with a ban on transient docking parallel to the Thames Street bulkhead. Nighthawk officials said that they now pay $424 a month and could accept a 20 percent increase, but that the proposed increase is "a death sentence."
Last month, the Inner Harbor Task Force suspended action that would have evicted the Nighthawk from its dock space this month, agreeing to review its lease along with leases for other nearby dock space.
Lockheed wins Army pact for simulation equipment
Lockheed Martin said yesterday that it will build laser simulation equipment for various Army infantry weapons and fighting vehicles in a $13 million contract that has the potential to exceed $400 million if the government exercises all its options.
Lockheed Martin Information Systems and teammate Schwartz Electro-Optics Inc., both of Orlando, Fla., are to produce and field laser-based simulation training equipment, known as the Multiple Integrated Laser Engagement Systems XXI.
The work will be done at the companies' Orlando facilities and at Lockheed's La Mesa industrial park in Tijuana, Mexico.
Magellan Health to offer $200 million in notes
Magellan Health Services Inc. of Columbia said yesterday that it would offer $200 million in senior unsecured notes, using the proceeds to pay down debt and saving about $100 million over the next three years by getting lower interest rates.
The notes will be offered this month or next month, depending on market conditions.
Magellan provides mental health services to about 70 million people. Through acquisitions, it grew rapidly over the past few years but accumulated about $1 billion in debt.
Duratek wins contracts at 2 N.Y. nuclear plants
Duratek Inc. said yesterday that it won contracts totaling $3.5 million for water and waste processing and disposal at two nuclear plants in upstate New York.
The Columbia company that cleans up hazardous and radioactive waste said the two-year contracts are for Niagara Mohawk Power Corp.'s Nine Mile Units 1 and 2 nuclear stations. The stations, situated on the southern shore of Lake Ontario 40 miles north of Syracuse, supply 1,700 megawatts of electricity - enough to power 1.7 million homes.
The work will be performed by Duratek's commercial services and commercial waste processing groups, which generate 65 percent of the company's revenue.
Del. city sued for denying liquor license to a Hooters
Developers looking to open a Hooters restaurant in Rehoboth Beach, Del., are suing the city over its refusal to issue them a liquor license, which they say is necessary to get the franchise.
Lawyers for the developer's company, Rehoboth Wings, say that the decision was arbitrary and capricious and that the group was held to a different standard than other applicants. Hooters restaurants feature waitresses wearing tight shorts and T-shirts - a uniform some find offensive.
City commissioners voted 3-2 to deny the permit, with opponents contending that with its menu of chicken wings, salads and sandwiches, it's not a full-fledged restaurant. Only full restaurants are issued liquor licenses there.
Frank agency to handle electronics show in Nev.
Frank & Associates, an Ellicott City marketing communications agency, has been awarded a contract to handle the International Consumer Electronics Show in Las Vegas in January 2002.
The local agency will provide advertising, direct marketing and creative services to promote the annual trade show, which is based in Arlington, Va. The show in Las Vegas is expected to attract more than 110,000 consumer technology professionals from around the world.
The agency said it has hired two new employees and expects to add one more to help with this and other new business. Billings were not disclosed.
Cochrun succeeds Hess at Destination Allegany
James L. Cochrun has been named executive director of Destination Allegany, the combination of the Allegany County Convention and Visitors Bureau, Thrasher Carriage Museum and the Western Maryland Scenic Railroad.
Cochrun succeeds Gerald N. Hess, who has decided to retire after serving in that post since May 2000. Hess will stay on with Destination Allegany several months as a consultant.
Cochrun retired in January 2000 from Kelly-Springfield in Cumberland, where he was manager of export operations and manager of the Puerto Rican division.
Litton call center in Md. expects staff to double
Litton PRC, a division of Northrop Grumman Corp., says it expects to more than double its work force this summer at a call center in Frostburg. The center, which employs 100, opened in February to handle calls about the TRICARE military health system. The callers are active and retired military personnel with questions about their health benefits.
The McLean, Va.-based company's operations are housed in a building in the Frostburg Industrial Park. Litton said it is considering several locations for its expansion, including a former Kelly-Springfield tire company office building in Cumberland.
Unwired Express hires GKV for communications
GKV Communications Inc., formerly Gray, Kirk VanSant Advertising and Public Relations Inc., has been named agency of record to handle marketing communications for Unwired Express Inc. of Columbia
The contract requires GKV to find ways to deliver complex messages to various wireless communications decision-makers, influencers and end users within the corporation. The job also will include getting diverse messages to Unwired's technology partners, systems integrators and developers. Billings were not disclosed.
Pabst wants to sell original brewery in Milwaukee
Pabst Brewing Co. wants to sell its original brewery in Wisconsin, five years after closing the plant that made Milwaukee famous.
The Pabst Brewery, dating to the 1840s, comprises 40 buildings on 21 acres that will be marketed beginning next week by Polacheck Co. in Milwaukee.
Pabst, now based in San Antonio, and its parent, the S&P; Co., are asking $20 million for the Milwaukee plant and property. They envision it as a mixed-use development with offices, shops, warehouses, housing, a corporate headquarters campus or an incubator for small businesses.
Split Wachovia board votes to sell bank to First Union
Wachovia Corp. directors stuck by their plan to sell the bank to First Union Corp. for $13.2 billion in stock, rejecting an unsolicited $13.9 billion bid from SunTrust Banks Inc. in a vote yesterday that wasn't unanimous.
SunTrust said it would fight for control of Wachovia by urging shareholders to vote against what it called a "low-premium" proposal from First Union.
The 15-person board, in a meeting at Wachovia's Winston-Salem, N.C., headquarters, rejected the $13.9 billion unsolicited offer made May 14 by Atlanta-based Sun- Trust. Wachovia spokesman Jay Reed wouldn't disclose the vote count.
This column was compiled from reports by Sun staff writers, the Associated Press, Bloomberg News and Reuters.