Fingerhut lays off 500 more. Deikel Petters eye deal
Fingerhut Cos reports payroll at 1,730 after 500 additional layoffs this month. FAC Acquisitions LLC led by Ted Deikel and Tom Petters aims to buy Fingerhut assets, seeking a final deal by month end to integrate into BoomBuy and Redtag. Wendy's completes Baja Fresh acquisition for 275 million. Rite Aid faces fraud charges against former executives. Noonan pleads guilty.
MENTIONED IN THIS ARTICLE
Minnetonka, Minn
Fingerhut Cos
Federated Department Stores Inc
Minnetonka
St. Cloud
Deikel and Petters
FAC Acquisitions LLC
Petters
Deikel
Fingerhut
BoomBuy
Redtag
Philadelphia
America
Harrisburg
Securities and Exchange Commission
Rite Aid Corp
Martin Grass
Rite Aid
Timothy J. Noonan
SEC
Circuit City to Stop Selling Movie Videos Amid DVD Shift
Circuit City, the nation’s second largest electronics retailer, will stop selling movie videotapes at some stores and phase out VHS titles nationwide as DVDs gain popularity. Spokesman Jim Babb cites consumer demand for higher quality and notes rival Best Buy is reducing video tapes while expanding DVD offerings. Industry analysts say DVD adoption will accelerate, with Blockbuster reporting rising DVD rentals and overall declines in VCR sales, though VCRs remain widespread in homes.
MENTIONED IN THIS ARTICLE
Circuit City
Circuit City Stores Inc
Jim Babb
Best Buy Co
Blockbuster Inc
Aieny
Randy
Hargrove
U.S
Consumer Electronics Association
Blockbuster
Lonest Beach
World Gym Cobblestone boosts fitness with 24 hour access
Tony Lombardo reports on World Gym in Cobblestone Square moving from Route 57. Boot Camp led by a compact drill sergeant motivates amid high intensity workouts. The facility offers yoga weight training kickboxing and a Kids Health Education program with memberships starting at 34 dollars and a 99 dollar enrollment.
MENTIONED IN THIS ARTICLE
Sheffield
World Gym
Barb Osborne
New World Gym
Cobblestone Square
Osborne
Kay Dettbarm
Market hits fifth straight losing week on fears and profit warnings
New York stocks tumbled as bad corporate news and terrorism fears fueled a fifth straight losing week. The Dow fell 177.98 to 9,253.79, the S P 500 slid 17.16 to 989.13, and the Nasdaq dropped 23.82 to 1,440.93 amid concerns about Merck and IBM. Qualcomm rose on upbeat guidance, while gold and currency moves echoed broad risk aversion.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Dow Jones
Qualcomm
Merck
IBM
FBI
John Lynch
Evergreen Investments
Middle East
Standard & Poor
S&p
Dow
Lehman Brothers
London
Zurich
Hong Kong
Stocks Slide as Merrill Lynch Downgrades United Technologies
Shares of United Technologies fell $3.05 to $65.75 after Merrill Lynch cut the stock citing limited short term growth prospects. The market mood turned cautious as investors grew increasingly skeptical about a robust economic recovery.
MENTIONED IN THIS ARTICLE
United Technologies
Merrill Lynch
Feds seek federal screeners at major airports
The Transportation Security Administration plans to hire more than 30,000 screeners by Nov. 19 to replace private employees at checkpoints at 30 busy airports including Atlanta, Chicago O'Hare, and New York Kennedy. Other airports listed span Columbus, Cincinnati, Cleveland, Athens, Baltimore, Boston, Charlotte, Chicago Midway, Newark, New Haven and more across several states.
MENTIONED IN THIS ARTICLE
Washington
Atlanta
Chicago
O'Hare
New York
Kennedy
Transportation Security Administration
Columbus
Cincinnati
Cleveland
Athens
Also Mentioned on This Page
Wendy's
Baja Fresh Buy
Dublin
Wendy's International
Baja Fresh
Tis
United States
Canada
Knight Ridder
The
Washington Post
Sean Wargo
Tony Lombardo
the Chronicle-Telegram
Anita Saathoff
Saathoff
Ormébo
Chronicletelegram
Cee
Todd Futrell
Gwen
Europe
Wooting Effi Ap
Abe
Cglingel
Bret
Arl
Feds
Lun Oeh
Soluti
DER
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