Federated and Allied Lose 56 Million in 20 Days
Federated Department Stores and Allied Stores report a combined 56 million dollar loss in the first 20 days after filing for Chapter 11. They posted 236 million in sales, with Federated at 158.6 million and Allied at 77.3 million, each suffering sizable operating losses across divisions including Bloomingdale's Lazarus Abraham & Straus Burdines and Rich's.
MENTIONED IN THIS ARTICLE
Federated
Allied
Cincinnati
Federated Department Stores Inc
Allied Stores Corp
Bloomingdale’s
Lazarus
Abra
Mm Bloomingdale’s
Lazarus and
Abraham & Straus
Rich’s
Burdines
Payment Extension Sought by Leaseway Transportation
Leaseway Transportation Corp seeks an extension of its February 1 interest payment on 192.5 million dollars. Company officials met in New York with debenture holders to discuss the payment and debt restructuring progress. Ameritrust Co expands its college information line in Ohio to help with financial aid forms and resources. toll-free number 1-800-422-2442 ext 3690.
MENTIONED IN THIS ARTICLE
Leaseway Transportation Corp
Leaseway Transportation
New York
Leaseway
Ameritrust Co
Ohio
Ameritrust
Creston Livestock Sale Totals 323 Consignors, 848 Head
Creston Auction reports 323 consignors selling 848 head of livestock. Dairy cows range 560 to 920 dollars per head. four horses and one steer sold, hay loads and bales priced from 40 to 8750 dollars. Calves, sheep, hogs, cattle, and feeders posted varied prices across multiple classes and weight groups.
MENTIONED IN THIS ARTICLE
Creston
Ali
Foundry owner rejects call that disturbance was minor
Sterling Foundry owner Jeff Reetz says Saturday’s ruckus at his plant cannot be called a minor incident. He cites 75 to 80 demonstrators involved in property damage and security guard assaults, while union Local 45 president John Bartish notes picketers from other unions attended in solidarity amid a long strike. Police were called to quell the disturbance and the line later reduced to four pickets.
MENTIONED IN THIS ARTICLE
Wellington
Jeff Reetz
Sterling
Lorain County
Reetz
John Bartish
Union Local 45
Sheriff's Department
Bartish
Ray Leiby
U S officials warn Japan of trade retaliation
The Bush administration pressures Japan to buy more American goods or risk retaliation over a 49 billion dollar trade deficit. Carla Hills warned Kaifu that Japan must dismantle barriers or face a closed or gravely limited U.S. market. Senators questioned the summit’s lack of progress amid rising anti-Japanese sentiment.
MENTIONED IN THIS ARTICLE
Washington
Bush
Japan
U.S
Carla Hills
Toshiki Kaifu
United States
Max Baucus
D-Mont
Also Mentioned on This Page
Federated and Allied
Allied’s
Jordan Marsh
Maas Inc
New Jersey
Meaas
Bon Marche
North America
Shearson
Shearson Lehman Hutton Inc
American Express Co
Bakor Real Estate Management
American Express
Wall Street
DOW
Creston Livestock
Ytanden
Futhman Insurance
Court St
Elyria
Alfonso Rodriguez Facio
Casa de Moneda
Mexico City
Centenario
Facio
Ing America
Congress
John Danforth
R-Mo
Hills
Kaifu
Tokyo
Gannett
NYSE
Ava Am
Reebok
Bate
Amrich
Hanna
Harish
Ballysat
IBM
Sain Ly Snetis
Baxter Oa
Kmart
Sala i Uiltys
Sun
Bernsil
Ae Ya Linated Ag
Syntex
Barings
Lastar
Army Sq
Sava Va Lilco
Bia Brink Ad
Briksc
Nataz
Marriot
Toyrus Yao Yin
Merck BO
Unisys
Mobil
Mylan No Ma
Exxon
Pepsico
Set Buy
National Fond
Phirer
American Whe Mutual
Fmnors
Va Drovins
Phila
Yale
Templeton
Ford
ASV
Philmr
Oh Wtly Fidelity-Parttan
Templeton World
Phipes
John Hancock Rand
Vanguard Wellington
Wstge
Pierre Ro Smyth Coeme Cleve
Allied Carporman
Wty Cpc
Fmersan
First Bancorp
Tepodrich AW
TCH Bancorp
LNB Bancorp Ety
Lesco
Nordson
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