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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Sep 14, 1996

Page

14

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.

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.

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.

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

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.

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.

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.

Owings Mills Youth Services International Inc Victor Cullen Academy Frederick County Youth Services

Also Mentioned on This Page

Berks Associated Press Tim Belk Mr. Belk Virginia Maryland Delaware West Virginia North Carolina Ninw Spa Vancouver Wash Oregon Ted McCluskey Kohlberg Kravis Roberts & Co General Electric Investments Richard J. Ferris Peter V. Ueberroth Community College FCAF Frederich Netus Frederick Esa Rcu Frederickbiz.net Cail Thurmont Uae Rockville Germantown Silver Spring First General Mortgage Company Ysi Brick News Fast Scottsdale Securities.Inc Scottsdale Oil & Gas Report Scottsdale Securities, Inc Discount Stock Brokers Executive Blvd SIPC URS Wool Kottsdale Schwab Quick & Reilly Waterhouse Merl Lynch Eadore
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