Austin Business Journal articles from August 1990

Austin Business Journal archives from August 1990

Pharmacy fills niche by expanding its scope. (Northwest Hills Pharmacy and Florist, Austin, Texas) (company profile)
August 27, 1990... Pharmacy fills niche by expanding its scope Many pharmacies sell a few cards and gifts in addition to medicines, but Northwest Hills Pharmacy and Florist must be one of the few to offer crystal, cookbooks and chocolates. Thomas Sansing...

CTI posts another loss; cites ALC restructuring costs. (Communications Transmissions Inc., ALC Communications)
August 27, 1990... CTI posts another loss; cites ALC restructuring costs Communications Transmission Inc. reported a loss of $16.4 million, $1.65 per share, in its second quarter. Revenue for the quarter was $95.2 million. In the corresponding period of...

Learning from past helps local firms in protection. (Motorola Inc., Advanced Micro Devices Inc., pollution prevention, Austin, Texas)
August 27, 1990... Learning from past helps local firms in protection Austin manufacturers of semiconductor chips have learned from the experiences of Silicon Valley and have taken precautions to prevent pollution problems, according to company officials. ...

Austin's unemployment rate remained the same in July. (Austin, Texas)
August 27, 1990... Austin's unemployment rate remained the same in July The Austin area's unemployment rate was unchanged from June to July, holding at 4.9 percent. July's rate, however, was down from the 6.1 percent posted in July 1989, according to figures...

A tale of two parties. (Franklin Federal Bancorp., Novell Inc. hold new location open house festivities)
August 27, 1990... A tale of two parties It took six months of planning to create the moment: a trumpet fanfare and 800 guests flooding out of Franklin Federal Bancorp's new headquarters on Congress Avenue to witness the first lighting of the blue neon that...

Event success is taking care of all the details. (J.don Productions) (company profile)
August 27, 1990... Event success is taking care of all the details Organizing parties and events for businesses has its moments. Once when Donnette McCommas was putting up balloons, her hand was licked by a zebu. That's not as bad as it sounds. A zebu is a...

Farm Bank eases interest rates. (Farm Credit Bank of Texas)
August 27, 1990... Farm Bank eases interest rates The Farm Credit Bank of Texas reduced interest rates during the second quarter as a result of a 63 percent increase in net income for the first six months of 1990. The bank reported $24.5 million in...

CIP opens new division. (Commercial Industrial Property, multi-family investment property division)
August 27, 1990... CIP opens new division Commercial Industrial Property (CIP) is adding a multi-family investment property division to its operations. The division will be headed by Ellen Muskin, former co-owner of Equinomics, a real estate date base and...

Portfolio manager scores with personal touch. (Personal Portfolio Manager, periodical, William Chidester)
August 27, 1990... Portfolio manager scores with personal touch Personal Portfolio Manager does indeed get as personal as an investment newsletter can. Each week, PPM publisher William Chidester employs his state-of-the-art data retrieval and computer...

Austin Smiles. (names Barbara H. Ward executive director)
August 27, 1990... BARBARA H. WARD BARBARA H. WARD was appointed executive director of Austin Smiles.

APS reports earnings off in second quarter. (American Physicians Service Group)
August 20, 1990... APS reports earnings off in second quarter American Physicians Service Group (APS) reported lower earnings on lower revenue for the second quarter. It is, however, a turn-around from the loss posted in the 1990 first quarter. APS...

Vanguard results reach new highs. (Texas Vanguard Oil Co., earnings)
August 20, 1990... Vanguard results reach new highs Texas Vanguard Oil Co. posted all-time highs in revenue and earnings in its 1990 second quarter. The Austin-based firm reported net income of $178,002, 15 cents per share, on revenue of $483,195. That's...

Defense spending down, so are Datum's results. (earnings)
August 20, 1990... Defense spending down, so are Datum's results Datum Inc., saying it was hurt by decreased defense spending, reported a second quarter 1990 loss of $234,000, nine cents per share In the 1989 second quarter, the company made $327,000, 12 cents...

Five Austin banks get 'green' light. (Veribank Inc.'s green rating of profitability, Austin, Texas)
August 20, 1990... Five Austin banks get `green' light A national bank research firm has ranked the best and worst of Austin's banks, based on an analysis of information recently released by the Federal Reserve Board for the first quarter of 1990. The Federal...

Currency exchange: Austin chamber, Japanese bank will trade information on opportunities here, there. (Greater Austin Chamber of Commerce, Tokai Bank, Austin, Texas, Japan)
August 20, 1990... Currency exchange Austin chamber, Japanese bank will trade information on opportunities here, there Officials from the Greater Austin Chamber of Commerce and the world's eight largest bank, Tokai Bank of Japan, signed an agreement last week...

Jones and Neuse Inc. (names Will Vanardo chief operating officer)
August 20, 1990... Jones and Neuse Inc. WILL VANARDO joined Jones and Neuse Inc. as chief operating officer.

Feds charge Adams with S&L fraud. (Department of Justice, Stanley E. Adams, Jr., savings and loan associations)
August 13, 1990... Feds charge Adams with S&L fraud The federal government's increased efforts to prosecute savings and loan executives it says are responsible for the widespread failures of thrift institutions arrived in Austin last week with the indictments...

Valuation could cost ClubCorp nearly $250,000. (valuation of Barton Creek Club Inc., ClubCorp International)
August 13, 1990... Valuation could cost ClubCorp nearly $250,000 Robert Dedman, the wealthy owner of Dallas-based ClubCorp International, was treated as roughly by Travis County tax authorities as he was by the Austin City Council. In June, the council...

Austin economy remains flat. (Austin, Texas)
August 13, 1990... Austin economy remains flat For the fifth straight month, the Austin economy, as measured by the area's purchasing managers, has been sluggish. The Composite Business Index compiled by the Austin Purchasing Management Association for...

TI moves production workers to Austin. (Texas Instruments Inc. printed wiring board operations employees, Austin, Texas)
August 13, 1990... TI moves production workers to Austin In an effort to save money and boost production, Texas Instruments will move 80 to 100 jobs to Austin from Dallas as part of an expansion of the printed wiring board (PWB) operations in Austin. The...

Belgian ponders building brewery in enterprise zone. (Belgian Brewing Company Inc., Austin, Texas)
August 13, 1990... Belgian ponders building brewery in enterprise zone A Belgian brewer is considering bringing beer-making back to Austin for the first time in more than a hundred years. Belgian Brewing Co. Inc. currently is looking at a site in northeast...

ComputerLand of Austin. (names Ben Marz chief operating officer)
August 13, 1990... BEN MARZ BEN MARZ joined ComputerLand of Austin as chief operating officer.

Lamar Wholesale Inc. (names Traci McGary to board of directors)
August 13, 1990... TRACI McGARY TRACI McGARY was elected to the board of directors of Lamar Wholesale Inc.