Kendal bonds sell out securing $23.39 million issue
Kendal at Oberlin, a not for profit retirement community on 92 acres near Oberlin College, sold out two bond series totaling 23.39 million to restructure debt. The BBB rated issues due Feb 2021 and Feb 2022 aim to save about 6 million, reflecting strong demand and sound marketing.
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Oberlin
Kendal
Barbara Thomas
Kendal At
Oberlin College
Standard & Poor
New York
Standard & Poor’s
Woolworth to sell landmark Woolworth Building
The Financial Times reports Woolworth, now Venator after a June 12 name change, will sell the Woolworth Building at 233 Broadway New York. Once the tallest in the world, the 792 foot landmark was commissioned by Frank Woolworth in 1910 as the headquarters of his retail empire.
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The
Woolworth Company
U.S. consumer confidence nears 29-year high in April
The Conference Board reports the consumer confidence index rising to 136.7 in April from 133.8 in March, topping Wall Street expectations and signaling ongoing optimism about economic growth. Knight Ridder plans to relocate 150 corporate staff and top executives to California, citing technological change and net news impacts as the reason. Figgie International reports a modest Q1 profit of 619,000 dollars on nearly 64.9 million dollars in sales, down from the prior year due to a restructuring charge.
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Wall Street
Cleveland (Ap
Figgie International Inc
Figgie International
Opening Stock Stocks Report From Unclear Data
Fragmentary OCR text shows garbled numbers and terms such as opening stocks and plants. Key entities unclear. no coherent event or names to anchor.
Day of memorial for workers observed in Lorain County
AFL-CIO President John Gallo urged remembrance of workers who died on the job and urged unity against efforts to weaken the Occupational Safety and Health Act on the 28th anniversary. He spoke beside the county courthouse worker’s monument as unions call for action to protect the act and for letters to officials. UAW members joined in observing Memorial Day and supporting protests against reforms.
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Lorain County
Afl-Cio
Sam Betounes
Elyria
Gallo
Occupational Safety and Health Administration
Cleveland
South
Amherst
Ers
Gallord
Sail
United Auto Workers
Aflcio
UAW
Wealth of the mega rich grows with Asian, Latin share rising
Merrill Lynch and Gemini Consulting report that high net worth individuals with over 1 million in investable assets held over 17.4 trillion in 1997, up 5 percent from 1996. Offshore holdings account for about a third, with wealth projected to reach 23.1 trillion by 2000 as equities rise and euro boosts Europe’s prestiege.
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London
Merrill Lynch
Gemini Consulting
Asia
Latin America
Africa
Local Stocks Early Quotation From Akin Investment
Akin Investment offers an early stock quotation for clients of AEGON USA Securities Inc member NASD SIPC. The quotation provides initial pricing guidance through the brokerage firm as part of a standard market update.
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Akin Investment Secures
Aegon USA Securiies, Inc
NASD
SIPC
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