Publisher Sol Stein to sell Stein & Day assets to pay creditors
Briarcliff Manor based Stein & Day publisher Sol Stein says he will sell rights to about 1 200 titles valued up to 5 million dollars to satisfy debts. Nine Jack Higgins titles sold for 270 000 dollars. The firm filed for bankruptcy protection in 1987 with 10.1 million in debts and 7.9 million in assets. Major creditors reject deferral, and the 11.3 acre headquarters will be sold for at least 1.5 million to a developer. A stalled 21.3 million breach of contract suit against a distributor compounds losses.
MENTIONED IN THIS ARTICLE
Briarcliff Manor
N.Y
Dylan Thomas
Elia Kazan
Robert Conquest
Sol Stein
Stein & Day Publishing Company
Jack Higgins
Simon & Schuster
Stein
Michigan National Bank and
Bookcrafters USA, Inc
Stein & Day
Minority contract rule pulled from ballot in Prince George's
Prince George's County Council voted 5 to 3 to remove a referendum on amending bidding laws to reserve contracts for minority businesses. Black leaders argued the measure unnecessary and would not help minority bidding. The decision followed new figures showing the county met its 30 percent voluntary minority contract goal last fiscal year.
MENTIONED IN THIS ARTICLE
Upper Marlboro
Prince George's
Rae
Missing payment stubs halt Ohio Bell credits in Cleveland
About 12 000 payment receipts vanished in transit between Ohio Bell customers and National City Bank in Cleveland during the first week of July. The bank collected roughly 500 000 dollars, but Ohio Bell cannot credit customers without their stubs. A bank official noted stubs were returned downtown but not picked up by Ohio Bell, leaving officials puzzled and promising credits to those owed.
MENTIONED IN THIS ARTICLE
Cleveland
Ohio Bell
Telephone Company
National City Bank
Powell W. Caesar iiI
Caesar
David Talbott
National City
Worldwide Value Fund approves quarterly distributions option
At its December 1988 distribution, Worldwide Value Fund Inc declares quarterly payouts to shareholders of at least 10 percent annualized of the fund's average net asset value. Distributions may be paid in stock or cash and come from net investment income, net realized capital gains, and possibly a partial return of capital.
MENTIONED IN THIS ARTICLE
Baltimore
Prnewswire
Worldwide Value Fund, Inc
NYSE
WLA
Drought bill proposes 150 million for tobacco growers
The drought relief bill would allow about 150 million in disaster payments to tobacco growers, a move criticized by antismoking groups. Lawmakers note the payment would differ from normal no net cost price supports, arguing the plan reflects drought harm rather than standard subsidies. Senate and House actions move quickly toward a conference committee next week ahead of a summer recess.
MENTIONED IN THIS ARTICLE
Washington
Charles Rose
D-N.c
House
John F. Banzhaffi
Action On
Banzhaf
Rose
Agriculture Department
Kentucky
Tennessee
Jesse Helms
R-N.c
House Agriculture Committee
Howard Conley
Congress
Senate
Reagan
Edward R. Madigan
R-Ill
Agriculture Committee
Senate Agriculture Committee
Patrick J. Leahy
Also Mentioned on This Page
DuPont
Wilmington, del
DuPont Co
National Bank
Frederick County National Bank OF
Frederick
Maryland
Deposi
Roney and Cain
Federal Funda
Int Domientio
Bank
Is Edge
Ibfs
Equity Capital
Commons
Patrick Linton
C.F.O
GAM. T. Guyton Directors
Feam
Farmers and Mechanics National Bank
FDIC
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!