Wednesday, March 5, 1997
LEGAL NOTICES in Enquirer-Post Classified.
FEDERATED'S 96 PROFITS AT $265.9M
Federated Department Stores Inc. didn't experience a sales bonanza last year, but cost controls and merger payoffs helped the retailer post better-than-expected profits in 1996.
STORY
KROGER BONDS LIFTED FROM 'JUNK' STATUS
After almost nine years of trading at ''junk'' status, the Kroger Co.'s bonds have been upgraded to investment quality, a turn that should reduce interest expenses, help stockholders and further cut the debt that initially made Kroger a high-risk investment.
STORY
MAIL BOXES ETC. PLANS 2,000 BANC ONE ATMS
Mail Boxes Etc. (MBE) and Columbus-based Banc One Corp. announced plans to install 2,000 automated teller machines nationwide in MBE's postage drop and packaging franchises.
STORY
KEYCORP FUND TARGETS MINORITY INVESTORS
KeyCorp is launching a mutual fund aimed at African-American investors and those who support the benefits of ethnic diversity.
STORY
GROSSMAN'S GETS MONEY TO SAVE WAREHOUSE STORES
Grossman's Inc. has reached an agreement with its largest shareholder and major vendor that will give the retailer money to keep its Contractors' Warehouse store in Norwood and others running.
TRISTATE BUSINESS SUMMARY
P&G GIVING COVER GIRL ADS NEW ZIP
Procter & Gamble Co. is putting a new, more energetic face on its Cover Girl cosmetics franchise with TV commercials starting this week.
INDUSTRY NOTES: MEDIA & MARKETING
