Women own 7.95 million U.S. firms and 18.5 million jobs
A National Foundation for Women Business Owners report says women now own 7.95 million businesses, up from 4.48 million in 1987, and employ 18.5 million workers. California leads with 1.08 million women-owned firms, followed by Texas and New York.
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National Foundation For Women Business Owners
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Simon to buy DeBartolo in landmark U.S. real estate merger
Indianapolis based Simon Property Group agreed in principle to acquire DeBartolo Realty Corp of Youngstown Ohio for about 3 billion in stock and debt. The merged entity to be called the Simon DeBartolo Group would rank as the largest U.S. real estate firm with 111 regional centers and 66 community centers in 32 states and 16 states.
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Fed Keeps Rates Steady In Bid To Support Economy
The Federal Open Market Committee leaves the federal funds rate at 5.25 percent and the discount rate at 5 percent amid strong data including February employment figures. The decision, announced at 10:35 am EST ahead of Chairman Greenspan’s Senate hearing, aims to maintain monetary support for ongoing economic growth. Greenspan described the economy as moving along at a reasonably good clip.
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Kohl's to open stores in Westgate and Highland Heights
Kohl's Department Stores will open four new locations at 8 a.m. Friday, April 19, including Westgate Mall in Fairview Park and a second Cleveland area store in Highland Heights. Each new store will feature 78 000 to 96 000 square feet and hire about 150 employees. Inter views are being scheduled as the chain expands in the Cleveland market. Kohl's plans September openings at Strongsville regional mall and other sites in Lancaster Pennsylvania and Moline Illinois. The Menomonee Falls Wisconsin retailer reports a merchandise mix of about 60 percent family fashions and 20 percent home goods.
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Confidence steady though job market jitters persist
The Conference Board reports consumer confidence in March held near February levels with the index at 97.7 down from 98 in February and 88.4 in January. Viewpoints show 23.5 percent call conditions good while 26.5 percent say jobs are hard to obtain, signaling continued labor market unease.
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Conference Board
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Vyper Aadmye Serie
Marriott Courtyard wins approval in North Olmsted
The Planning Commission approved the three story 120 unit Marriott Courtyard hotel project on Country Club Boulevard east of Lone Star Steak House. A second hotel Studio Plus was tabled with concerns about market demand and impact on the area.
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Country Club Boulevard
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Closing stock prices and metal rates report
A market wrap notes closing prices for gold at 440.40 per troy ounce and silver at 5082 per troy ounce. Platinum at 476.10, palladium 1415, aluminum 0.744, copper 1.1720, lead 0.52, zinc 0.254, tin 4.2068, mercury 2.55 per 76 pounds. Grain futures show wheat 4.60, corn 3.95, oats 2.00, soybeans 7.02 per bushel.
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New York
Nash
Loran County
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