Mail-order powerhouse HNV set to explode in 1995 growth
Malcolm Berko notes Hanover Direct HNV as a leading mail-order player. He cites 1994 catalogs surpassing 30 000 items, 20 million customers and nearly 800 million in revenue with 1.6 million profit. A Sears venture may boost growth and a potential 7 million share option by 1998.
MENTIONED IN THIS ARTICLE
Liverpool
Ivy
Hanover Direct
Horn & Hardari
HNV
United States
Sears
Malcolm Berko
Copley News Service
Herald-Journal
Berko
Syracuse Herald-Journal
P.O. Box
Boca Raton
Fla
Dow Ends Mixed as Gains Come Up Short
The Dow Jones rose modestly while most equities fell on Thursday. The index finished up 13.12 points at 3,381.92 as declines outpaced advances 1,115 to 792 with 634 stocks unchanged on the NYSE.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Stock Quote Hotline Offers 24 Hour NYSE AMEX NASDAQ Quotes
The Herald Journal presents a free around the clock stock quotation service. Using a Touch Tone phone dial Newslane at 472-2111 and enter category 9988 for quotes and 9989 for directions.
MENTIONED IN THIS ARTICLE
Herald-Journal
Korea House restaurant profile in DeWitt NY
Korea House, a 15 year old restaurant at 3180 Eric Blvd DeWitt, owned by Eul Ho Kim, employs eight. It serves Korean and Japanese cuisine to Central New York including Binghamton Utica Rome Watertown. The owner previously ran a grocery and aims to expand by serving quality food and building loyal customers.
MENTIONED IN THIS ARTICLE
Korea House
Eric Blvde
DeWitt
Eul Ho Kim
Central New York
Binghamton
Utica
Rome
Watertown
Pat Osias
Crall
Eui HO Kim
Erie Boulevard
Jung Ae Kim
Bankers Trust fined for lying to customer
Federal regulators charged BT Securities of Bankers Trust New York with deceiving a customer about derivative values and ordered a 10 million dollar fee. The case, pursued by the SEC and CFTC, centers on actions tied to Gibson Greetings and Procter & Gamble amid a broader derivatives controversy.
MENTIONED IN THIS ARTICLE
Bankers Trust New York Corp
Securities and Exchange Commission
Commodity Futures Trading Commission
Mary Schapiro
Chaiman
BT Securities
Bankers Trust
Procter & Gambie Co
Gibson Greetings Inc
New York Federal Reserve Bank
Charles Sanford
Sanford
BT Securties
Gibson Greetings
Gibson
New staff boosts AMRICO Associated Ltd in DeWitt
Amrico Associated Ltd in DeWitt announced additions Frank Peo and Robert J. McIntyre to its investigative and security consulting teams. Peo will handle sensing investigation demands in the Herkimer Utica Rome corridor while McIntyre assists clients in forensic accounting and financial fraud.
MENTIONED IN THIS ARTICLE
Amrico Associated Ltd
DeWitt
Frank Peo
Robert J. Mcintyre
Peo
Herkimer
Utica
Rome
Mcintyre
Wyimit signs Samtron deal to distribute monitors
WYMIT Inc of East Syracuse a national distributor for Canon printers and home office products signs with Samtron Corp to distribute its line of computer monitors expanding regional availability and product range.
MENTIONED IN THIS ARTICLE
Wymit Inc
East
Syracuse
National Distiibutor
Canon
Samtron Corp
Reimann-Buechner Design Wins AIA Award in Syracuse
The Reimann-Buechner Partnership landscape architects of Syracuse earned a design excellence award from the Rochester Chapter of the American Institute of Architects for Ontario Beach Park. Susan Royal invites business submissions to the Herald Journal Business Desk in Syracuse. The column appears Tuesday through Friday.
MENTIONED IN THIS ARTICLE
Society For Human Resources
Melite
Clsten
Olsten
SiThe Reimann-Buechner
Landscape Architects of
Syracuse
Ontario Beach Park
Rochester
The
American Institute of Architects
Economy grows 4 percent in third quarter says Commerce
The Commerce Department reports a 4 percent annualized growth in Q3 1994 and 4.1 percent for the first nine months. Private economists expect solid gains to close the year, with expectations of a strong annual performance despite higher interest rates and a tempered holiday outlook.
MENTIONED IN THIS ARTICLE
Commerce Department
United States
Mortgage rates ease from peak as Fed raises six times
GROSS DOMESTIC PRODS rates on 30 year mortgages slid from a three year peak of 9.25 percent to 9.18 percent this week the Federal Home Loan Mortgage Corp reported. The Federal Reserve has raised rates six times since February.
MENTIONED IN THIS ARTICLE
Federal Home Loan Mortgage Corp
The
Federal Reserve
Overhaul Planned for Government Economic Data
The government will revise statistics to reflect tech progress foreign economies and other forces. Everett Ehrlich says reforms aim for more accurate comprehensive measures with new methods to be used next year. Studies on shortcomings due January 11 with improvements proposed in February and amended in March.
Insurers bypass the poor study reveals discrimination
A National Association of Insurance Commissioners report shows minority and low income homeowners face harder access to home insurance and higher premiums. The study links zip code minority concentration to higher prices and lower availability across 59 cities in 20 states since 1992, noting underwriting criteria may cause discriminatory practices.
MENTIONED IN THIS ARTICLE
National Association of Insurance Commissioners
J. Robert Hunter
Texas Insurance Commissioner
Robert M Willis
Washington
Willis
Creek The Progress seeks 1994 details for 1995 edition
The Creek The Progress edition will publish January 29 in the Herald American with 1994 business coverage and 1995 outlook. Companies should contact Susan Royal at 470 6018 for a form listing required facts, returnable by January 3, 1995 to Susan Royal, Herald-Journal Business, P.O. Box 4915, Syracuse NY 13221.
MENTIONED IN THIS ARTICLE
Herald American
Susan Royal
Herald-Journal Business Section
P.O. Box
Syracuse
N.Y
Mortgage rates ease slightly from prior week
The 30-year fixed mortgage rate averages 9.18 percent, down from 9.25 percent, the Fed survey shows. One-year ARMs average 6.90 percent, up from 6.75 percent, and 15-year mortgages average 8.79 percent, down from 8.89 percent. Rates exclude points.
MENTIONED IN THIS ARTICLE
Federal Home Loan Mortgage Corp
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Tve
Hunos
Direct
Ilsapunte
Dow
YOUR
StockQuote Hotline
Jack Wandner
Bovington Lane
Fayetteville
Jason
Mark Mayer
Re/Max Masters
Mayer
Michelle Gabel
Van
Eng
Carol
Jack
Richard 8. Scolaro
Scolaro
Shulman Gohen
Lawler & Burstein P.C
American College of Trust and Estate Council
Company Matters
Herald- Journal Business Desk
Associated Press
Quares
U.S. Dept of Commerce
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