Stanley Lumber Closes After Long Trade With Loyal Customers
TruServ spokeswoman Mary Viola described the 1997 merger origins linking True Value to ServiStar Coast to Coast and Cotter & Co. She noted Stanley Lumber faced high minimum purchases and that the firm sought to preserve creditor payments. Longtime staffers Atterberry and Bryant reflected on loyal workers, while customers like Luther Wilson and Tim Vernon mourned the closure and loss of convenient access.
MENTIONED IN THIS ARTICLE
TruServ
Mary Viola
ServiStar Coast To Coast
Cotter & Co
True Value Hardware
Atterberry
Stanley Lumber
Doug Bryant
Bryant
Germany economy slides as unemployment rises and output falls
Germany faces rising unemployment and a 0.4 percent drop in June industrial output, signaling a push toward recession. EU figures show manufacturing slumps across Europe with Germany Italy and the Netherlands near the brink, challenging ECB growth forecasts and euro area recovery hopes.
MENTIONED IN THIS ARTICLE
Germany
Frankfurt
Europe
European Central Bank
Italy
Netherlands
European Union
Nigel Anderson
Royal Bank of Scotland
Stefan Schneider
Deutsche Bank
U.S
Schneider
Britain
Transport and General Workers Union
Morgan Stanley
Belgium
France
BASF to cut 1200 more jobs amid weak global economy
German chemical giant BASF AG posted a 97 percent drop in second quarter profit to 11 million euros, announced 1,200 more job cuts over 18 months, and warned of no major rebound before 2002. The firm plans 400 million euro annual savings and has closed 14 factories as part of its strategy.
MENTIONED IN THIS ARTICLE
BASF
Frankfurt
Germany
Basf AG
Morgan Stanley analyst sued by AOL shareholders
Morgan Stanley and its Internet analyst Mary Meeker face a shareholder lawsuit in federal court in New York on behalf of AOL and AOL Time Warner investors. The suit alleges positive AOL stock recommendations to win banking fees, citing a 1999 pay package of 15 million dollars. Other suits against Meeker and Morgan Stanley involve Amazon.com and eBay investors, with dismissal anticipated.
MENTIONED IN THIS ARTICLE
Bala Cynwyd
Morgan Stanley
Mary Meeker
America Online Inc
AOL Time Warner Inc
Meeker
Amazon.com Inc
eBay Inc
America Online
AOL Time Warner
AOL
Schiffrin & Barroway LLP
Wall Street Journal
Ebay
Amazon.com
Greenspan's conservative bets pay off in 2000 portfolio
Fed chief Alan Greenspan's annual disclosure shows a safety oriented stance heavy in Treasury securities. End of 2000 valuations reach up to 9.6 million if at maximum, with even the low end around 3.1 million, amid broad market declines including Dow down 6.2 percent and Nasdaq down 39.3 percent.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Greenspan
Treasury
Fed
Dow Jones
Also Mentioned on This Page
Luther
Cookie” Wilson
Duke Power
Wilson
Tim Vernon
Alexis
Bob Atterberry Jr
Roy Tindall
Stanley Lumber and Hardware Co
Clark
The
Gazette
United States
International Monetary Fund
Fox
Action Security Services Inc
Avice
First National Bank In
Bessemer City
American Bankers Association
Gaston County
Mauney
Microsoft
Belmont
NC Center For Applied Textile Technology
Cisco Network
Lisar
Nhcharlotte.com
Newhorizons.com
Dow Jones News Service
Tolfre
Will MacDonald
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