IN BRIEF.VALLEY INDEX DROPS: The Daily News/Bloomberg Index fell 1.09 to 139.67, led by Sylmar's Minimed Inc. and Semtech Corp. of Newbury Park. Minimed fell 1 9/16 to 51. Semtech fell 1 9/16 to 20. - Bloomberg News MARKETS CLOSED: Government offices, banks and financial markets in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. will be closed Monday in observance of Memorial Day. Most international markets will be open. - Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. MAY STORES TO EXPAND: May Department Stores The May Department Stores Company was a department store chain founded in 1877 by David May in Leadville, Colorado. Its headquarters moved to St. Louis, Missouri in 1905, and the company went public in 1911. Co. said it will spend $3.6 billion in the next five years to open 100 new department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , remodel re·mod·el tr.v. re·mod·eled also re·mod·elled, re·mod·el·ing also re·mod·el·ling, re·mod·els also re·mod·els To make over in structure or style; reconstruct. or expand another 100 and bring in new technology to improve service. The St. Louis-based operator of Robinsons-May, Lord & Taylor, Hecht's, Filene's and other chains said it will spend $725 million this year to open 19 new stores and expand seven, adding 2.9 million square feet of retail space. It will also remodel 22 other stores. May, the third-largest U.S. operator of upscale department stores, did not specify which stores it would renovate or where it would expand. - Bloomberg News FARMERS' MARKET farm·ers' market n. A public market at which farmers and often other vendors sell produce directly to consumers. Also called greenmarket. EXPANDS: The owners of the Los Angeles Farmers' Market announced Friday they've joined with a developer to build a $100 million shopping and entertainment complex alongside the historic attraction. To be known as The Grove at Farmers' Market, the complex will include 640,000 square feet of high-end shops, restaurants, movie theaters and offices, according to Caruso Affiliated Holdings, the project's developer. The center is designed to leave intact the colorful Farmers' Market at Third Street and Fairfax Avenue, said Hank Hilty, president of A.F. Gilmore Co., which owns the market. - City News Service |
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