Atlanta Business Chronicle articles from April 1991

Atlanta Business Chronicle archives from April 1991

Coca-Cola Co. (On the Record - Earnings)
April 29, 1991... Coca-Cola Co. reported net income of $320.9 million, 48 cents a share on revenues of $2.5 billion, for the first quarter 1991. That compares to net income of $283.5 million, 41 cents a share on revenues of $2.1 billion, for the same period the...

Colorocs Inc. (On the Record - Earnings)
April 29, 1991... Colorocs Inc. reported a net loss of $8.2 million, 70 cents a share on revenues of $42.7 million, for the year ended Dec. 31. That compares to net income of $8.1 million, 55 cents a share on revenues of $12.8 million, for the same period the...

First Wachovia Corp. (On the Record - Earnings)
April 29, 1991... First Wachovia Corp. reported net income of $75.6 million, $1.06 a share, for the first quarter ended March 31. That compares to net income of $71.3 million, $1.01 a share, for the same period the previous year. As of March 31, total assets...

Merry Land and Investment Corp. (On the Record - Earnings)
April 29, 1991... Merry Land and Investment Corp. reported net income of $2.3 million, 25 cents a share on revenues of $9 million, for the first quarter ended March 31. That compares to net income of $1.6 million, 17 cents a share on revenues of $9.6 million,...

Engraph Inc. (On the Record - Earnings)
April 29, 1991... Engraph Inc. reported net income of $1.6 million, 10 cents a share on revenues of $45.1 million, for the first quarter ended March 31. That compares to net income of $2.6 million, 15 cents a share on revenues of $41.3 million, for the same...

C&S/Sovran Corp. (On the Record - Earnings)
April 29, 1991... C&S/Sovran Corp. reported net income of $30.8 million, 20 cents a share, for the first quarter ended March 31. That compares to net income of $108.2 million, 79 cents a share, for the same period the previous year. As of March 31, total...

American Business Products Inc. (On the Record - Earnings)
April 29, 1991... American Business Products Inc. reported net income of $3.9 million, 55 cents a share on revenues of $111.7 million, for the first quarter ended March 31. That compares to net income of $3.8 million, 53 cents a share on revenues of $100.4...

CytRx Corp. (On the Record - Earnings)
April 29, 1991... CytRx Corp. reported net income of $561,583, 3 cents a share on revenues of $1.1 million, for the first quarter ended March 31. That compares to a net loss of $623,224, 3 cents a share on revenues of $15,187, for the same period the previous...

Bankers First Corp. (On the Record - Earnings)
April 29, 1991... Bankers First Corp. reported net income of $1.4 million, 33 cents a share, for the first quarter ended March 31. That compares to net income of $1.3 million, 30 cents a share, for the same period the previous year. As of March 31, total...

BMR Financial Group Inc. (On the Record - Earnings)
April 29, 1991... BMR Financial Group Inc. reported net income of $298,000, 10 cents a share, for the first quarter ended March 31. That compares to net income of $550,000, 19 cents a share, for the same period the previous year. As of March 31, total assets...

First Financial Management Corp. (On the Record - Earnings)
April 29, 1991... First Financial Management Corp. reported net income of $16.2 million, 55 cents a share on revenues of $247.1 million, for the first quarter ended March 31. That compares to net income of $12.6 million, 46 cents a share on revenues of $191.7...

Coca Cola Enterprises Inc. (On the Record - Earnings)
April 29, 1991... Coca-Cola Enterprises Inc. reported net income of $10.7 million, 6 cents a share on revenues of $904.8 million, for the first quarter ended March 31. That compares to net income of $8 million, 3 cents a share on revenues of $906.4 million, for...

DF Southeastern Inc. (On the Record - Earnings)
April 29, 1991... DFSoutheastern Inc. reported net income of $1.8 million, 40 cents a share, for the first quarter ended March 31. That compares to a net loss of $11.4 million, $2.46 a share, for the same period the previous year. As of March 31, total...

Chattahoochee Bancorp Inc. (On the Record - Earnings)
April 29, 1991... Chattahoochee Bancorp Inc. reported net income of $345,000, 8 cents a share, for the first quarter ended March 31. That compares to net income of $328,000, 7 cents a share, for the same period the previous year. As of March 31, total assets...

Allied Bankshares Inc. (On the Record - Earnings)
April 29, 1991... Allied Bankshares Inc. reported net income of $922,000, 20 cents a share, for the first quarter ended March 31. That compares to net income of $938,000, 18 cents a share, for the same period the previous year. As of March 31, total assets...

Crawford and Co. (On the Record - Earnings)
April 29, 1991... Crawford & Co. reported net income of $8.5 million, 24 cents a share on revenues of $128.8 million, for the first quarter ended March 31. That compares to net income of $7.5 million, 21 cents a share on revenues of $110.6 million, for the same...

Flowers Industries Inc. (On the Record - Earnings)
April 29, 1991... Flowers Industries Inc. reported net income of $4.3 million, 13 cents a share on revenues of $187.1 million, for the third quarter ended March 31. That compares to net income of $7.7 million, 22 cents a share on revenues of $190.2 million, for...

Immucor Inc. (On the Record - Earnings)
April 29, 1991... Immucor Inc. reported net income of $841,590, 15 cents a share on revenues of $5.9 million, for the third quarter ended March 31. That compares to net income of $553,371, 11 cents a share on revenues of $3.2 million, for the same period the...

Carriage Industries Inc. (On the Record - Earnings)
April 29, 1991... Carriage Industries Inc. reported a net loss of $345,000, 8 cents a share on revenues of $27.7 million, for the third quarter ended March 31. That compares to net income of $178,000, 4 cents a share on revenues of $30.4 million, for the same...

Hub not spoken for. (it's unlikely Northwest Airlines will Eastern's Atlanta operation)
April 29, 1991... Hub not spoken for The likelihood of Northwest Airlines replacing Eastern Airlines with a major hub in Atlanta is increasingly doubtful, say aviation insiders. Larry Cox, president of the Shelby County/Memphis Airport Authority in...

Coke targets India. (Coca-Cola Co.)
April 29, 1991... Coke targets India Coca-Cola may be making another attempt at entering the softdrink market in India, according to European reports. Apparently Coke is talking to Britannia Brands, an Asia-Pacific snack food processor, about reintroducing...

A touch of class. (hospital software co. HBO and Co. in class action securities suit)
April 29, 1991... A touch of class A federal judge has granted class-action status to a lawsuit that contends Atlanta hospital software company HBO & Co. violated federal securities laws in 1985 and 1986. As a result, the lawsuit will represent thousands of...

Lockheed wins ATF contract. (Advanced Tactical Fighter)
April 29, 1991... Lockheed wins ATF contract The Pentagon announced that it has chosen Lockheed Corp.'s YF-22 "Lightning 2" prototype to be the Air Force's next Advanced Tactical Fighter. The contract is expected to bring $95 billion in revenue to the...

Management-led buyout at Courier Dispatch. (Atlanta, Ga.)
April 29, 1991... Management-led buyout at Courier Dispatch Courier Dispatch Group Inc. announced that its board of directors has agreed in principle to a proposed merger with CDG Acquisition Corp., a corporation newly formed to buy the stock of Courier...

Delta discussing "asset acquisition" with Pan Am. (Delta Air Lines)
April 29, 1991... Delta discussing "asset acquisition" with Pan Am Delta Air Lines announced that it has, "from time to time," held discussions on "asset acquisition" with other airlines, and is in fact currently holding such discussions with Pan American...

Geiger counting on Atlanta for expansions. (Geiger International, manufacturer of custom-order wood furnishings and seatings)
April 29, 1991... Geiger counting on Atlanta for expansions Canada-based Geiger International is expanding its Atlanta presence short-term and long-term. The manufacturer of custom-order wood furnishings and seating is leasing a new 65,000-square-foot...

All worked out. (Atlanta real estate developer Charlie Ackerman receives financing for business park)
April 29, 1991... ALL WORKED OUT. Charlie Ackerman has found new financing for his Crowne Point Center on the Perimeter, thus avoiding a default suit filed recently by lender Maryland National Bank. Maryland National had issued Ackerman a $36 million...

HI update. (Holiday Inn moves corporate headquarters to Atlanta)
April 29, 1991... HI UPDATE. Look for an official announcement in the next week or so by Holiday Inn on inking the 350,000-square-foot office deal in the second tower at Concourse, as well as some sort of ownership/management agreement to convert the...

Atlanta arbitrageur finds profit in volatility. (William C. Brookshire, Jr.)
April 29, 1991... Atlanta arbitrageur finds profit in volatility With investors flocking back into the stock market, it could mean the return to greater activity for mergers and acquisitions. That is the hope of an Atlanta-based risk arbitrage specialist...

PDP consolidates; loses McDonald's cooperative. (Atlanta ad agency Pringle Dixon Pringle)
April 29, 1991... PDP consolidates; loses McDonald's cooperative Pringle Dixon Pringle, in a profitability move, has consolidated its McDonald's branch operations into its Peachtree Center office. However, the Mobile, Ala./Pensacola, Fla., co-op decided to...

What'll ya have? (new Atlanta ad agency Ads A La Carte)
April 29, 1991... WHAT'LL YA HAVE? Dorothy Hughes-Shields and Tom McNeer have formed Ads A La Carte, aimed at small advertisers who need project work done. "Our name says what we do... all the things a traditional advertising agency does," says...

Mail away. (Atlanta ad agency Advo-Systems wins contract with direct mailer Big Star)
April 29, 1991... MAIL AWAY. The Atlanta office of Advo-Systems picked up a reported multimillion-dollar contract from Big Star. Advo-Systems is the world's largest direct mail mailer.

Unlikely but persistent takeover rumors boosting Georgia Gulf stock price.
April 29, 1991... Unlikely but persistent takeover rumors boosting Georgia Gulf stock price Persistent takeover rumors continue to plague Georgia Gulf, prompting extremely heavy trading of the chemical company. Last week 7.6 percent of the firm's total stock...

Resurgens grabs Colonial Pipeline. (Atlanta business park Resurgens Plaza)
April 29, 1991... Resurgens grabs Colonial Pipeline Resurgens Plaza just signed a 61,500-square-foot tenant, the largest Buckhead lease to date, bringing the speculative building to 95 percent occupied. Colonial Pipeline Co. is relocating its headquarters...

Cox tests phone business: 'poor man's cellular' could rival Baby Bells' market. (Cox Enterprises Inc.)
April 29, 1991... Cox tests phone business |Poor man's cellular' could rival Baby Bells' market If all goes as planned, sometime this summer Cox Enterprises Inc. will begin testing a new personal telephone system that may one day rival cellular...

The Sporting Club is in default of $13 million loan. (Atlanta fitness center)
April 29, 1991... The Sporting Club is in default of $13 million loan One of Atlanta's most popular fitness centers could be in the hands of new owners if a planned foreclosure goes through on May 7. The San Diego-based owners of the Atlanta Sporting Club...

Has local economy hit bottom? (Atlanta, Georgia)
April 29, 1991... Has local economy hit bottom? Despite some signs that the Atlanta economy and real estate market are on the upswing, the latest data suggests that the recession and its subsequent recovery may be with us for the next few years. The...

Total losses shrink, but some Ga. S & Ls still on shaky ground.
April 29, 1991... Total losses shrink, but some Ga. S&Ls still on shaky ground Georgia's savings and loan industry lost about $36 million in 1990, considerably less than last year's $134 million deficit, according to just-released statistics from Sheshunoff...

Just another fish story: at Inland Seafood, they rarely let one get away.
April 29, 1991... Just another fish story At Inland Seafood, they rarely let one get away Ever wonder how the piece of salmon you order in a restaurant gets from the waters off Chile to your plate in Atlanta -- still fresh? Joel Knox worries about...

Joint venture will put the camera in Cameroon. (Atlanta company will construct film-making facilities)
April 29, 1991... Joint venture will put the camera in Cameroon An Atlanta company has entered into a multimillion-dollar joint venture with the government of Cameroon to build a film industry in the West African country. The agreement, signed last week...

Advertising on cable is coming of age. (Persian Gulf War a boon for Cable Advertising of Metro Atlanta)
April 29, 1991... Advertising on cable is coming of age Local cable revenues are flying as high as a Patriot missile, but the popularity of CNN during the Persian Gulf crisis seems to have little to do with the flow of black ink on local cable station's bottom...

Weeks family adopts some new owners. (Atlanta real estate developer A.R. Weeks and Associates)
April 29, 1991... Weeks family adopts some new owners For the first time in its 26-year history, A.R. Weeks & Associates has some non-family ownership. Siblings John Weeks, Patty Weeks, Marsha Weeks and Debbie Felker sold 20 percent of their interest in...

Vlass-Fotos pre-sells retail center. (Atlanta's Stockbridge Village shopping center)
April 29, 1991... Vlass-Fotos pre-sells retail center In a move that principals say may become more common, the Vlass-Fotos Group has pre-sold Stockbridge Village, a 100,000-square-foot retail shopping center in Clayton County, south of Highway 138 between...

Bonjour/Lovable. (Atlanta-based brassiere manufacturer in license agreement)
April 29, 1991... BONJOUR/LOVABLE. Atlanta-based Lovable Co., a brassiere manufacturer, has entered into an agreement to produce a line of bras under the Bonjour trademark. The line, to be produced in addition to Lovable's existing lines, will be directed...

Skema produces visual solutions and vivid designs. (Atlanta design studio)
April 29, 1991... Skema produces visual solutions and vivid designs When Nexus Contemporary Arts Center went looking for a design studio to come up with an eye-catching invitation for its grand opening, it didn't have to look further than Skema. The...

IPI Sports thinks TV card show will be home run. ('Sports Card Weekly')
April 29, 1991... IPI Sports thinks TV card show will be home run Sports Card Weekly, the working title for Atlanta-based IPI Sports' newest sports programming venture, is scheduled to hit the airwaves by midsummer, according to IPI producer Stephen Graham....

Socking it to 'em. (Georgia Dome marketing plans)
April 29, 1991... SOCKING IT TO 'EM. Georgia Dome marketing plans include pitching the 1994 World Cup Soccer tournament. A spokesman says they've been working on the bid for about three months. George Hirthler and Brad Copeland -- the masterminds behind...

Teed off. (golfer Tim Simpson sues Reynolds Plantation Inc.)
April 29, 1991... TEED OFF. Well-known golfer Tim Simpson recently filed a suit seeking monetary damages from Reynolds Plantation Inc., a golf course/real estate development outside Atlanta. Simpson says he was left "no choice but to file suit" when...

Women to watch: class of 1991. (Atlanta business)
April 29, 1991... Women to Watch: Class of 1991 For the third year, Counterpart, the section of Atlanta Business Chronicle devoted exclusively to women, honors 10 up and coming Atlanta businesswomen. Women to Watch are women who have succeeded in their...

Changing flights. (plans to lease Fulton County's Charlie Brown Airport to Hartsfield Atlanta International Airport)
April 29, 1991... CHANGING FLIGHTS. Plans to lease Fulton County's Charlie Brown Airport to Hartsfield Atlanta International Airport are expected to go before Fulton commissioners next month. Such a deal could serve as a fallback plan for Atlanta Airport...

MBE update. (legal trouble for Atlanta's Minority Business Enterprise program)
April 29, 1991... MBE UPDATE. After 43 hours of public hearings on the topic, the development of the city of Atlanta's new Minority Business Enterprise (MBE) program is back in the hands of lawyers. The city's Law Department is compiling the findings from...

Bankruptcy attorneys propose rate increase. (Georgia businesses may have to pay more to go bankrupt)
April 29, 1991... Bankruptcy attorneys propose rate increase Georgia businesses may soon have to pay more to go bankrupt if a recent proposal by Chapter 13 attorneys is accepted by the state's six bankruptcy judges. Acceptance of the proposal would allow...

Pogo in Washington. (Atlanta law firm Powell, Goldstein, Frazer and Murphy will set up banking department in Washington D.C.)
April 29, 1991... POGO IN WASHINGTON. Powell, Goldstein, Frazer & Murphy's banking department will be built up by the former in-house counsel of Washington's Perpetual Savings Bank. Joining the firm are Judith McCaffrey, former Perpetual general counsel;...

GM plant finds a buyer: recycling entrepreneur negotiating for Lakewood. (Mindis Industrial Corp. will buy auto plant)
April 22, 1991... GM plant finds a buyer Johnny Imerman of Mindis Industrial Corp. is negotiating to purchase the General Motors Lakewood plant, closed last fall after being idled for several months, sources say. Contacted about the possible acquisition,...

Home sales rebound - again. (Atlanta, Georgia)
April 22, 1991... Home sales rebound - again "Spring has sprung" may be a timeworn cliche, but to Atlanta Realtors and homeowners, it has never meant more than during this past March - the month that closed out a dismal 18-month housing market. Jenny...

Cousins ponders major move into European development. (Atlanta real estate developer Tom Cousins)
April 22, 1991... Cousins ponders major move into European development Some think Tom Cousins, one of Atlanta's most prolific developers, will stop to catch his breath after his latest round of developing three major buildings in this battered real estate...

Georgia Baptist paring expensive rehab plans. (Georgia Baptist Medical Center)
April 22, 1991... Georgia Baptist paring expensive rehab plans Georgia Baptist Medical Center is planning a significant downsizing that will eliminate 63 of the inner-city hospital's beds and slice $33 million off the cost of its renovation. Georgia...

Kraft meets Coke. (plans to sell Coke's Minute Maid division)
April 22, 1991... Kraft meets Coke Negotiations to sell the Minute Maid division of the Coca-Cola Co. may be in the works, according to the newsletter, Frohlinger's Marketing Report. The newsletter, reporting that "mid-level discussions have taken place...

A run on the bank? (Speculation over whether NCNB will acquire C&S Sovran)
April 22, 1991... A run on the bank? While C&S/Sovran battles its problems with its Washington, D.C., real estate portfolio, it may also need to look over its shoulder at what NCNB Corp. has up its sleeve. Bankers are not laughing at the idea that NCNB,...

WCC questions co-owned contractors. (World Congress Center) (new Georgia law addresses the problem of co-owned construction contractors bidding for the same public project)
April 22, 1991... WCC questions co-owned contractors The practice of co-owned construction companies pursuing the same public contracts is stirring some uneasiness in Georgia, although the industry says it is neither illegal nor unethical. At a recent...

First Am loss jumps to $26 million. (First American Bank of Georgia)
April 22, 1991... First Am loss jumps to $26 million First American Bank of Georgia, eager to distance itself from its troubled Washington, D.C.-based parent company, got a dose of its own bad news when it reported heavy losses in 1990. First American,...

OrCAD executives bid $7 million to buy unit of Intelligent Systems. (attempted management buyout of computer software firm OrCAD Systems)
April 22, 1991... OrCAD executives bid $7 million to buy unit of Intelligent Systems The top executives of OrCAD Systems, a software subsidiary of Norcross-based Intelligent Systems, have offered to buy OrCAD for $7 million. The executives, who include...

Buckhead people-mover gains momentum. (private funding proposed for construction of monorail line in suburban Atlanta )
April 22, 1991... Buckhead people-mover gains momentum The idea of a privately funded monorail line snaking around Buckhead's office buildings, shopping areas and MARTA stations appears finally headed for a faster track. The project has been mired in the...

Struggle over refinery leaves BioCom strapped. (Atlanta fuel additives company in bankruptcy over ethanol refinery)
April 22, 1991... Struggle over refinery leaves BioCom strapped An Atlanta fuel additives technology firm is in Chapter 11 bankruptcy reorganization following a successful two-year battle for possession of an ethanol refinery. That fight left the firm unable...

Euro Disneyland relishes Buckhead Diner concept. (Atlanta-based restaurant chain will be represented at Paris amusement park)
April 22, 1991... Euro Disneyland relishes Buckhead Diner concept Atlanta's Buckhead Diner has been selected as one of only six U.S. restaurants to be represented in Euro Disneyland - the Disney theme park/resort under construction outside Paris. Nora...

Holiday Inn confirms move to Atlanta.
April 22, 1991... Holiday Inn confirms move to Atlanta As previously reported in Atlanta Business Chronicle, Holiday Inn Worldwide will relocate its North American regional office from Memphis, Tenn., and consolidate it with the hotel giant's international...

BellSouth moves into Midwest.
April 22, 1991... BellSouth moves into Midwest BellSouth announced that it has signed an agreement whereby the Atlanta-based telecommunications company will acquire the cellular interests of McCaw Cellular Communications Corp. in 18 Indiana, Wisconsin and...

All Ryled up. (Georgia Insurance Commissioner Tim Ryles seizes assets of Robert Hagan, accused of operating an illegal insurance operation)
April 22, 1991... All Ryled up Georgia Insurance Commissioner Tim Ryles announced that the Commissioner's Office has seized the assets of Robert Hagan, accused of operating an illegal insurance operation. The assets will be used to pay health claims of...

Downtown Rich's to close. (Rich's department store)
April 22, 1991... Downtown Rich's to close Rich's announced that it will close its downtown location July 13 of this year. The store, which opened in 1924, has lost money the past five years. "The continuing decline in sales in our downtown store . .... .

Big hardware distributor cries foul play. (Atlanta's General Hardware Co.)
April 22, 1991... Big hardware distributor cries foul play General Hardware Co., a large Atlanta wholesale hardware distributor, is accusing a former employee of conspiring with a competitor to destroy its business. In a complaint filed April 12 in...

Carter & Associates wins three Florida projects. (Atlanta real estate developer)
April 22, 1991... Carter & Associates wins three Florida projects Atlanta-based Carter & Associates has beat out several major national real estate companies to develop three Florida projects: the Fort Myers/Lee County Government Center in Southwest Florida,...

Follow-up foreclosures. (Atlanta real estate foreclosures)
April 22, 1991... FOLLOW-UP FORECLOSURES FOLLOW-UP FORECLOSURES. Two projects that the Atlanta Business Chronicle reported were under threat of foreclosure last month have come to just that. Georgia Federal Savings Bank has foreclosed on the 123-acre...

Expensive fast food dirt. (McDonald's Corp. buys land in Atlanta)
April 22, 1991... EXPENSIVE FASTFOOD DIRT McDonald's Corp. obviously doesn't mind paying a price for success. The Oakbrook, Ill., fast-food king paid $1.32 million for 1.85 acres on North Druid Hills Road near Interstate 85 for a new store. Chatham Land &...

Welcome to the neighborhood. (construction activity in Atlanta's Georgia 400 district)
April 22, 1991... WELCOME TO THE NEIGHBORHOOD Four new neighborhoods opened in the 3,400-acre Windward development on Georgia 400, bringing the total number of neighborhoods to 12. This is the first time Windward has opened four neighborhoods in one...

Design merger. (Atlanta architectural firms merge)
April 22, 1991... DESIGN MERGER Atlanta-based Osgood & Associates merged with OA&D/Office for Architecture & Design of Houston. OA&D partners Robert Civitello and L. Philip Schawe joined the new combined firm as associate vice presidents.

Merchant Bank becomes FHLB member. (Atlanta bank joins Federal Home Loan Bank of Atlanta)
April 22, 1991... Merchant Bank becomes FHLB member Taking advantage of its new strength in the residential lending arena, the Merchant Bank of Atlanta has joined the Federal Home Loan Bank of Atlanta as one of the FHLB's first commercial bank members. ...

Hometrust. (Home Federal Savings Bank will change name to HomeTrust Bank of Georgia)
April 22, 1991... HOMETRUST HOMETRUST. Home Federal Savings Bank, the Gainesville savings institution that wants to convert to a commercial bank, plans to change its name to HomeTrust Bank of Georgia. Home Federal's attorney, Edgar B. Dunlap of...

Lion's share of zoo funds going private. (Zoo Atlanta)
April 22, 1991... Lion's share of zoo funds going private Zoo Atlanta is $100,000 away from being a financially independent park. In fact, by 1993 the zoo will be completely dependent on the checkbooks of private supporters. Zoo Atlanta is evolving from a...

Morrison to help Norrell build image. (Atlanta ad agency in contract with temporary employment agency)
April 22, 1991... Morrison to help Norrell build image The Morrison Agency put another notch in its agency belt by taking Norrell Temporary Services away from BBDO/South. The account, in the past, had billed in the $2 million to $3 million range. "It's an...

Sailing. (Royal Caribbean Cruise Line names Cohn and Wolfe its PR agent)
April 22, 1991... SAILING SAILING. Royal Caribbean Cruise Line named Cohn & Wolfe its PR firm. Participating in the pitch were Edelman Public Relations, Dorf & Stanton and the Rowland Co., all out of New York City. Sources say the account actually is not...

B&R update. (Atlanta ad agency Babbit and Reiman Advertising Agency Inc.)
April 22, 1991... B&R UPDATE B&R UPDATE. This column has reported on some of the negative actions that have occurred at Babbit & Reiman, such as staff layoffs, salary cuts and overall tensions. Agency President Joel Babbit promised the agency would be...

The color of money. (copy machine maker Colorocs Corp. will sell four of stores)
April 22, 1991... The color of money In an effort to improve its liquidity, cash-short Colorocs Corp. has agreed to sell four of its stores and about 1,000 color copiers and printers to an investment group headed by the company's recently ousted CEO, Charles...

Expanding its resources. (Atlanta nursing home co. Resource Housing of America Inc.)
April 22, 1991... Expanding its resources An Atlanta nursing home company, Resource Housing of America, has agreed to buy a 153-bed general hospital in Orlando, AMI Medical Center, for $30 million. Since being taken private in a leveraged buyout in...

A beef with moving. (majority of Arby's Inc. employees will not follow company to Miami Beach)
April 22, 1991... A beef with moving When Arby's Inc. packs up its Atlanta headquarters and heads for Miami Beach, Fla., about 82 percent of its staff and most of its senior leadership won't make the trip. Only 32 of the 175 people employed by the central...