Revco nears emerge from bankruptcy after massive restructuring
Revco DS Inc moves toward final Chapter 11 exit as creditors approve its plan. The drug chain, once a marquee leveraged buyout casualty, will be 40 percent smaller with 1,125 stores in 10 states, led from Twinsburg HQ. The reorganization favors independence from Rite Aid and Eckerd while creditors receive about 115 million in cash, 433 million in long term debt, and 35 million shares.
MENTIONED IN THIS ARTICLE
AKRON
Revco Ds, Inc
Revco
Harold White
Twinsburg
Kevco
Aute Aid
Eckerd
Wal- Mart
Drug Emporium
Trump casino firms file for Chapter 11 in Atlantic City
Two Donald Trump casinos in Atlantic City filed for pre packed Chapter 11 bankruptcies to restructure debt. Trump Castle would give bondholders half equity for lower 288 million in bonds, while Trump Plaza restructures 250 million without equity loss. Trump Taj Mahal already exited bankruptcy last year. The trio carry over 1 billion in debt.
MENTIONED IN THIS ARTICLE
Atlantic City
Donald Trump
Trump Castle Casino Resort
Trump Plaza Hotel and Casino
Trump
Trump Plaza
Castle
Toledo poised to approve Chrysler tax breaks for Jeep plants
Toledo officials prepare a tax incentive package that could save Chrysler about 14 million over 10 years in exchange for moving Jeep Wrangler production from Brampton to Toledo. Upgrades total nearly 20 million at the Jeep Parkway and Stickney Avenue plants, with about 4,800 workers at the plant making Cherokees and Comanches.
MENTIONED IN THIS ARTICLE
Toledo
Chrysler Corp
Jeep
Chrysler
Jeep Parkway
Stickney Avenue
Washington Local
Washington
City of Toledo
Ken Bishop
Creston Auction Totals 347 consignors sell 802 head of livestock
Creston auction records show 347 consignors selling 802 head Monday. cattle prices ranged from 41 to 79 for Choice steers, heifers up to 74, and Holsteins 52 to 69. Calves sold from 60 cents to 165 dollars, feeders up to 123, and hogs, sheep, and goats listed with varied prices.
MENTIONED IN THIS ARTICLE
Creston
Mixed rates on Treasury bills at weekly auction
The Treasury sold 3 month bills totaling 114 billion at a 4.02 percent discount rate and 6 month bills at 4.13 percent, both near highs since December. The 3 month yield equates to an actual 4.12 percent on a 10,000 bill, while the six month yields 4.28 percent. The Fed’s weekly report shows the popular ARM index rising to 4.55 percent from 4.41.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Also Mentioned on This Page
Rite Aid and
Walter Loeb
Loeb Associates
New York
Sidney Dworkin
Dom
Joseph C Ronning
Brown Brothers Harriman
Ter
Brampton
Ontario
Panasonic
Cleveland St
Elyria
Lorain
Lorain County
E. Broad St. Elyria
Computer Rentals
Erie Shores Computer, Inc
Erie
Broad St. Elyria
Uredaanasc
Uae
Merck
Va Ayyse Uisted
MerLyn
AbiLab
Mobil
AMD
Alcoa
Va Morgan
Nawish
Amoco
Philaar
Gaxter
Boeing
Uva
Cificorp
Tenaco
Texaco
Cnicra
Diasnes
Disney
DuPont
G Weyerh
EmrsEl
Exxon
Pierre FL Smyth Coord
Gatoob
Ma Allred Corporation Abya Genel
Va Alltel GaMotr
GMES
Va Cpc Inter Inc
Emerson Hcan Ev
Sae Hanson
Heinz
Wna
Fist Bancorp
Hills Dept
Herculs Invacare
LCB Bancorp
Human
LNB Bancorp
IBM Apa Wea
Ya ‘Leseo Inc
infPap
Jonn Jn
Ya Mid Am Inc
Kelloggs
Nordson
Keycp
Ady Att Northern Savings
Vlty
Ohio Edison
PNC Corp
LizClab
Va Parker Handfin
LILC
Stouckers
SJMA
Sanrise Medical
LaPac
Texas Utilities
Lgee
Chronicle-Telegram
Esse Avenue
P.O
Federal Reserve
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