Knight Ridder/Tribune Business News articles from April 12 1996

Knight Ridder/Tribune Business News archives from April 12 1996

Lexmark Executives' Pay Includes Substantial Stock Options.(Originated from Lexington Herald-Leader, Ky.)
April 12, 1996... LEXINGTON, Ky.--Apr. 12--Going public certainly paid off for Lexmark International Group Inc.'s top two executives. Marvin L. Mann, chairman and chief executive officer, received more than $10 million last year, including $6.1 million from...

Independent Restaurant Suppliers Under Pressure from National Chains.(Originated from The Bradenton Herald, Fla.)
April 12, 1996... BRADENTON, Fla.--Apr. 12--For Kimball Bridgford, owning West Coast Restaurant Equipment Inc. "was the most fun and least profitable thing I've ever done." The 28-year-old Bradenton business, which Bridgford bought in May 1994, is going out...

California Bill would Ban Fortified-Wine, Malt-Liquor Sales at Minimarts.(Originated from The Modesto Bee, Calif.)
April 12, 1996... Apr. 12--Standing behind a tableful of malt-liquor and fortified-wine bottles that included E.&J. Gallo Winery's Thunderbird and Night Train Express, Assemblyman Bruce Thompson announced a bill to restrict the sale of those products....

The Sun Herald, Biloxi, Miss., Gaming Summit Notebook Briefs.(Originated from The Sun Herald, Biloxi, Miss.)
April 12, 1996... Apr. 12--News from the Southern Gaming Summit at the Coast Convention Center in Biloxi. BERMAN NAMED TOP EXECUTIVE Lyle Berman, chairman and chief executive officer of Grand Casinos Inc., was honored by Casino Journal late Wednesday night...

North Carolina's Piedmont Natural Gas Gets Out of Gas-Appliance Business.(Originated from The Charlotte Observer, N.C.)
April 12, 1996... Apr. 12--Piedmont Natural Gas is getting out of the gas appliance business. Beginning May 6, the Charlotte-based gas utility will begin phasing out the sale and installation of gas appliances -- stoves, fireplaces logs, dryers, grills --...

The Charlotte Observer, N.C., Doug Smith Column.(Originated from The Charlotte Observer, N.C.)
April 12, 1996... CROSLAND HAS BIG PLANS FOR HARRIS BOULEVARD TRACT Apr. 12--Vacant land is disappearing fast in the University City area of northeast Charlotte. The Crosland Group has targeted 98 acres at Old Concord Road and W.T. Harris Boulevard, just...

Charlotte, N.C., First Union Research Park Site to Focus on Sales, Bank Says.(Originated from The Charlotte Observer, N.C.)
April 12, 1996... Apr. 12--First Union officials, offering the most concrete details yet on the bank's growing University Research Park campus, say they might create more than 4,000 new jobs there in the next three years. Construction is under way on a second...

The State, Columbia, S.C., Fred Monk Column.(Originated from The State, Columbia, S.C.)
April 12, 1996... INTER-MEDIA MARKETING GROWS IN COLUMBIA, CHARLESTON, S.C. Apr. 12--Inter-Media Marketing came to Columbia a little more than a year ago with the promise of creating 225 jobs in its fast-growing direct marketing business. The Westchester,...

Developer Hedges Bets on Home Real Estate in Fresno, Calif., Area.(Originated from The Fresno Bee, Calif.)
April 12, 1996... Apr. 12--"I don't want to say the storm is over and get struck by lightning," said Dan Conner, president of London Properties Ltd. in Fresno. That's Conner's way of hedging his bets on whether the market for residential real estate sales in...

U.S. Youth Job-Training Program Faces Congressional Scrutiny.(Originated from The Fresno Bee, Calif.)
April 12, 1996... Apr. 12--Chatting with Patricia Hernandez in her office requires a bit of patience. The problem has nothing to do with her manner. The 21-year-old assistant assignment editor at KMSG-TV, Channel 59, is personable and quick-witted. It's...

Washington State Regulators Counter US West Request, Slashing Rates.(Originated from The News Tribune, Tacoma, Wash.)
April 12, 1996... Apr. 12--Poor service and excess revenues persuaded state utility regulators to reject US West's proposed telephone rate hike Thursday and instead order the utility to slash prices. US West might ask for reconsideration of the decision or...

Anchorage Daily News New Business Column.(Originated from Anchorage Daily News)
April 12, 1996... Apr. 12--GREATLAND MORTGAGE: Greatland Mortgage has opened at the Calais I building, 3201 C. St., Suite 406. Greatland Mortgage specializes in family residential loans. The phone number is 563-3889; fax: 563-1746. COUNTRY ROSE: Country Rose,...

Microsoft CEO Visits Charlotte, Sees More 'Fun 'Coming in Industry.(Originated from The Herald, Rock Hill, S.C.)
April 12, 1996... CHARLOTTE--Apr. 12--Computer software guru Bill Gates picked up a few more disciples Thursday and dropped some serious cash in Charlotte. The 40-year-old Seattle native who helped put the "personal" in computing more than 20 years ago and...

Columbus Bank and Trust will Move Two of its Branches.(Originated from Columbus Ledger-Enquirer, Ga.)
April 12, 1996... Apr. 12--Columbus Bank and Trust Co. will move both its Medical Park and Bradley Park branches to expand its mortgage lending department, the company announced Thursday. The Medical Park Branch will move from 1901 Eight Avenue to the...

First Quarter Earnings for Alabama-Based Russell Corp. Fall.(Originated from Columbus Ledger-Enquirer, Ga.)
April 12, 1996... Apr. 12--First quarter earnings for Alexander City, Ala.-based Russell Corp. fell, despite a rise in sales. Earnings per share for the apparel manufacturer declined 3 percent from 1995 to 30 cents per share while sales increased 4 percent to...

Detroit-Based Intermet Corp. Earned $8.8 Million in First Quarter of 1996.(Originated from Columbus Ledger-Enquirer, Ga.)
April 12, 1996... Apr. 12--Despite a strike that slowed the entire industry, Intermet Corp. earned $8.8 million, or 35 cents per share, in the first quarter of 1996, a 35 percent increase from 1995. The Detroit-based automobile parts manufacturer generated...

Columbus-Based Johnston Industries Changes its Management Structure.(Originated from Columbus Ledger-Enquirer, Ga.)
April 12, 1996... Apr. 12--Hoping to improve efficiency, Johnston Industries Inc. is changing its management structure. The Columbus-based textile manufacturer is grouping executives from operating subsidiaries into a corporate management team. "Johnston...

Toyota, Kentucky's Keeneland Strike Gold in Sponsorship of Big Horse Race.(Originated from Lexington Herald-Leader, Ky.)
April 12, 1996... LEXINGTON, Ky.--Apr. 12--Mikio Kitano rubbed his hands briskly and, with a flourish, pulled a slip of paper out of a box. The post position draw for the first Toyota Blue Grass Stakes had begun. It was a moment when two worlds met. The post...

Internet Bank Plans to Market Insurance Services.(Originated from Lexington Herald-Leader, Ky.)
April 12, 1996... LEXINGTON, Ky.--Apr. 12--Computer software that will allow Security First Internet Bank and other clients of Five Paces Inc. to offer insurance policies over the Internet was unveiled yesterday in Atlanta. A second announcement, involving...

Lexington, Ky., Hotel Affiliates with Doubletree.(Originated from Lexington Herald-Leader, Ky.)
April 12, 1996... LEXINGTON, Ky.--Apr. 12--The signs still say French Quarter Suites, but the Lexington hotel has a new name: Doubletree Guest Suites. The independent hotel at 2601 Richmond Road joined the chain April 1, general manager Jack Bussert said. New...

Rumors of Bacterial Contamination Create Tea Scare at Eateries.(Originated from The Charlotte Observer, N.C.)
April 12, 1996... Apr. 12--You can't get a freshly brewed glass of tea anymore with your KFC fried chicken. Taco Bell now offers only bottled iced tea. And Boston Market stopped serving iced tea for two weeks before it came up with a better way to brew....

California Couple Markets Reusable Fertility Test Device.(Originated from The Sacramento Bee, Calif.)
April 12, 1996... Apr. 12--"Honey, are you ferning? Is it a good time or not?" Those are questions Citrus Heights-based inventors Edward and Karen Porrazzo would like to hear among couples using their new fertility device. The PFT 1-2-3, recently...

Sinclair-River City Broadcast Deal Includes Sacramento, Calif., TV Station.(Originated from The Sacramento Bee, Calif.)
April 12, 1996... Apr. 12--Sacramento's Channel 13 (KOVR) was adopted by its seventh owner since 1980 when it was announced Thursday that Baltimore-based Sinclair Broadcast Group had purchased River City Broadcasting of St. Louis for a reported $1.2 billion. The...