Retail sales modest in August sparks market surge
Washington reports show August retail sales rose 0.2 percent as back to school demand steadies. CPI gained 0.1 percent, energy and food costs fell, sending stocks to new highs while analysts view little chance of Fed rate hikes before November.
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Washington
Federal Reserve
Commerce Department
Labor Department
Treasury
Clinton
Robert Rubin
Allen Sinai
Primary Decision Economics
New York
Fed
Bruce Steinberg
Merrill Lynch
David Wyss
Dri-Mcgraw Hill Inc
Wyss
Iraq
Belk Takes Majority Stake in Leggett Stores Inc
Belk Stores of Charlotte NC raised its share from 16 percent to a controlling stake in Leggett Stores Inc with official action expected in 30 to 60 days. Leggett executives and district staff learned of the move, while Leggett CEO Robert Leggett was unavailable for comment. Leggett had been for sale since earlier this year and Belk has long been in retail since 1888.
MENTIONED IN THIS ARTICLE
Leggett Stores Inc
Belk Stores
Charlotte
Leggett
Julius Armel
Francis Scott Key Mall
Frederick
Belk
Danville
Robert Leggett
Belks
Colleges See Surge in Recruiters and Higher Salaries
Philadelphia AP report shows college recruitment offices reviving after a five year lull with more recruiters on campuses for 1996 graduates. Computer science offers rose 45 percent to 35222 dollars, and 150 firms visited in 1995, 250 in 1996, with 300 signed for fall recruiting. Leggett takeover noted. Belk operates 270 stores across 14 states.
MENTIONED IN THIS ARTICLE
Philadelphia
National Association of Colleges and Employers
Gary Hamme
Drexel University
Drexel
Hamme
Oma
Doubletree to acquire Red Lion in $12 billion deal
SEATTLE AP Doubletree Corp to buy Red Lion Hotels Inc in cash and stock valued at about 12 billion creating a national chain with more than 230 properties and about 56 000 rooms in 39 states the DC and Mexico Most Red Lion units will adopt the Doubletree name after the deal closes by year end pending shareholder approval Key investors include the Washington Oregon pension funds Ted McCluskey Kohlberg Kravis Roberts and GE Investments with Doubletree co chairs Ferris and Ueberroth holding 39 percent of the stock
MENTIONED IN THIS ARTICLE
Seattle
Doubletree Corp
Red Lion Hotels Inc
District of Columbia
Mexico
Red Lion
Doubletree
Just Nails Relocates to Ambers Professional Center Frederick
Just Nails moves to Ambers Professional Center at 182 Thomas Johnson Drive Suite 204L Frederick offering manicures pedicures acrylics paraffin and nail art. Owner Jan Knox notes eight years in business and highlights safety licenses clean spaces and ongoing outreach through Angie Cox. Appointments recommended call 662-6621 for details.
MENTIONED IN THIS ARTICLE
Sam Yu
Just Nails
Ambers Professional Center
Thomas Johnson Drive
Kim Hickman
Ann Tyler
Nancy Ciparro
Sara Knox
Jan Knox
Cynthia Wirts
Angie Cox
Carla Cranston
Frederick
Ms. Knox
Frederick County Advertising Federation meets for marketing talk
The Frederick County Advertising Federation gathers at noon on Thursday September 19 at the Firehouse Financial Center 12 W Church St Frederick for a program on internet marketing strategies presented by Carolyn Barranca Matt Barrick and Tom Werner Reservations can be made with Joann Lee at 662-0048.
MENTIONED IN THIS ARTICLE
Frederick County Advertising Federation
Firehouse Financial Center
Church St
Frederick
Carolyn Barranca
Matt Barrick
Tom Werner
Joann Lee
YSI posts fourth quarter loss tied to acquisition costs
Owings Mills based Youth Services International Inc. reports a $238,000 loss in its fourth quarter due to acquisition related costs. The result equals about 2 cents per share. In the prior year period the company earned $860,000, or 10 cents per share. The firm operates juvenile facilities in 11 states including Victor Cullen Academy in Frederick County.
MENTIONED IN THIS ARTICLE
Owings Mills
Youth Services International Inc
Victor Cullen Academy
Frederick County
Youth Services
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Mr. Belk
Virginia
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Kohlberg Kravis Roberts & Co
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Community College
FCAF
Frederich Netus
Frederick Esa
Rcu
Frederickbiz.net
Cail
Thurmont Uae
Rockville
Germantown
Silver Spring
First General Mortgage Company
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Scottsdale
Oil & Gas Report
Scottsdale Securities, Inc
Discount Stock Brokers
Executive Blvd
SIPC
URS Wool
Kottsdale
Schwab
Quick & Reilly
Waterhouse
Merl Lynch
Eadore