Caution Marked Start to Holiday Shopping Season
Retailers report mixed results as Thanksgiving weekend shoppers showed caution. Dayton Hudson Corp praised early season performance with department stores steady to up, while Sears posted a disappointing weekend. Shoppers favor traditional gifts and sale items amid a weakening economy and Middle East crisis.
MENTIONED IN THIS ARTICLE
Dayton Hudson Corp
Ann Barkelew
Barkelew
Dayton’s
Hudson's
Marshall Field
Target Discount
Mervyn’s
Sears, Roebuck and Co
Matthew Howard
Sears
Howard
Middle East
Record 1991 deficit opens with $31.5 billion shortfall
The Treasury reports October 1990 deficit at $31.5 billion, up 21 percent from October 1989, reflecting Gulf buildup and S&L bailout costs as the new year begins. In Madrid, Spain, major automakers plan hundreds of layoffs amid slowing sales, while in Philadelphia a Christmas gift catalog totals $15,231.72, up 4.34 percent. New York Stock Exchange halts trading over 90 minutes due to a power disruption, the first major outage in memory.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
U.S
Persian Gulf
Madrid
Spain
Philadelphia
J. Patrick Bradley
Provident National Bank
New York
New York Stock Exchange
NYSE
Forbes lists top 400 private firms with rising sales
Forbes reports that sales of the largest 400 private companies nearly doubled since 1985 as public firms go private through leveraged buyouts. Cargill remains No. 1 with 44 billion, Koch Industries is second at 17.2 billion, with 48 firms based in New York and Chicago second in count.
MENTIONED IN THIS ARTICLE
New York
Forbes
Cargill
Koch
Home State figures plan final appeal in high court
Ohio Supreme Court upheld Marvin Warner and David Schiebel convictions for securities violations linked to Home State Savings Bank collapse. The justices kept them free during their U S Supreme Court appeal, with Warner facing a 5 million bond, a 34 year sentence and Schiebel a six month term.
MENTIONED IN THIS ARTICLE
Cincinnati
Savings Bank
U.S. Supreme Court
Ohio Supreme Court
Marvin Warner
David Schiebel
Home State
Warner
Schiebel
the Savings and Loan
High Court
United States Supreme Court
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