BIZWATCH\MARKETS.HILTON HUE: Hilton Hotels
World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , a 5.3 percent rise. Stephen F. Bollenbach's pronouncements of plans for Hilton sent the stock shooting up again Friday. Bollenbach, a veteran hotel-casino executive who quit as Disney finance chief to run Hilton last month, told The Wall Street Journal he'll add hotel rooms faster and pursue gaming acquisitions. HALL-MART: Hallmark Cards Inc. on Thursday announced a new brand of greeting cards that for the first time would carry its powerful name and trademark into giant retail stores such as Wal-Mart and Hy-Vee. The new brand, called Expressions, is the Kansas City company's response to consumers' increasing habit of buying cards while they shop for groceries and school clothes. THROWING IN THE TROWEL: The Baldwin family is about to surrender the Newport Beach-based home building company it founded 30 years ago. "I'm ready to sell," co-owner Al Baldwin told The Orange County Register after a Thursday bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. hearing. He said it's unclear if Baldwin can repair the image damage from its July 18 bankruptcy filing. THE UNION LAPEL: Pinstriped pin·stripe also pin stripe n. 1. A very thin stripe, especially on a fabric. 2. a. A fabric with very thin stripes, often used for suits. b. A suit made of such fabric. Often used in the plural. picketers descended on London on Friday in a mocking protest at the reluctance by British firms to allow casual wear in the office for at least one day a week. The event was organized by clothes manufacturer Dockers
Dockers is a brand of Levi Strauss & Co. Levi Strauss & Co. . EXECUTIVE FILE EXECUTIVE SUED: A top executive of a billion-dollar company was sued for $45 million Friday on charges that he raped a teen-age job applicant at knifepoint knife·point n. The sharp end of a knife. Idiom: at knifepoint Under threat of being stabbed or cut with a knife: was mugged at knifepoint. in his Rockefeller Center offices. The civil lawsuit alleges that Marvin Koenig, 64, executive vice president of Renco Corp., lured the 19-year-old woman to his offices March 24, 1995, by offering her a $10-an-hour clerical job. PLUGGED IN YAHOO! YEASAYERS: In an apparent 11th-hour move to cash in on the richly anticipated public stock offering of Yahoo! Inc., Japanese software giant Softbank Corp. is adding to its investment in the Internet company. In a preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders released Friday, Softbank said it will increase its stake to more than $60 million from $2 million. CAPTION(S): CHART Chart BIZ FACTS RETIREMENT FUNDS |
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