Acme Markets to sell 11 stores to PWNC L L C in region
Acme Markets announces signing of a letter of intent to sell 11 stores in Southwest Virginia and southern West Virginia to PWNC L L C of Mebane North Carolina. Most associates will be retained and stores will continue under the Acme name. Deal expected to close in February. Also Piedmont Center Properties to buy several Acme shopping centers.
MENTIONED IN THIS ARTICLE
Acme
Richardson
Acme Markets
Fred Kraegel
PWNC
L.L.C
Roger Camp
Virginia
West Virginia
Piedmont Center Properties Corporation
Raleigh
N.C
Tech stocks rise on hopeful Fed rate cut
New York investors bought tech stocks on a Wednesday rally despite weak earnings. optimism grew that the Federal Reserve will lower rates this month to curb the economy's deceleration, while concerns about near term profits linger. Nasdaq rose 92.06 to 2710.61, Dow fell 32.94 to 10619.72, S&P 500 up 9.28 to 1335.93.
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Pwngc, L.L.C
Jody Neal
Daily Telegraph
Gettit
WRE
Belk
Easy Spirit