Shareholders Approve Federated, May Merger
Cincinnati, OH, July 14--With the deal one step closer to completion, Federated Department Stores Inc.'s top executive says he's eager to see rival May Department Stores Co. absorbed into his company.
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Solutia to Continue Alabama Cleanup
St. Louis, MO, July 14--Solutia says that, at least for now, it will continue a costly environmental cleanup in Anniston, Alabama, according to the St. Louis Post-Dispatch.
Retail Sales Up 1.7%
Washington, DC, July 14--Retail sales were up a seasonally adjusted 1.7 percent in June, on a rebound in automobile sales, according to the Commerce Department.
Feltex Director Resigns Over Staff Severance Packa
Wellington, New Zealand, July 14--The $1.2 million severance of four senior Feltex managers has led to a falling out in the boardroom of the troubled carpet maker, according to the New Zealand Business Herald.
Builders Urge Congress to Modernize Endangered Spe
Wahington, DC, July 14--The nation’s home builders called on Congress today to update and modernize the Endangered Species Act (ESA) in order to protect the environment and allow local communities to grow and thrive.
CPI Unchanged in June
Washington, DC, July 14--Consumer prices in June were unchanged as energy prices actually fell, according to a Labor Department report.
Trade Gap Declines on Record Exports
Washington, DC, July 13--Stronger demand for U.S. products overseas helped to reduce the trade deficit in May, the Commerce Department said Wednesday.
May, Federated Shareholders Vote on Merger
Cincinnati, OH, July 13--Federated Department Stores and May Department Stores are looking to have their merger in place in time for the holiday shopping season.
Florida Retailer a No-Frills Interior Designer
Fort Myers, FL, July 14--Larry Landberg could add the interior decorator title to his business, but the lifelong floor covering and window treatment specialist prefers to keep it simple, according to the News-Press.
ASID Releases Results of Survey on Small, Medium I
Washington, DC, July 13--ASID has released a new research report, Inside Small and Medium Design Firms. The report provides a unique look into small- and medium-sized firms--their make-up, operations, projects undertaken and products specified.