Wednesday, May 12, 1999
TRISTATE MARKET SPOTLIGHT
Federated stock up along with sales
Federated Department Stores Inc. rose $2.933/4, or 6.11 percent, to close Tuesday at $51. The company, based in Cincinnati, operates Lazarus and other department stores.
Federated rose along with other major retailers as LJR Redbook Research said Tuesday that U.S. retail sales for the week ended May 8 rose 1.9 percent from a month ago.
Sales at stores open at least a year, or same-store sales, rose 5.3 percent from the same week a year earlier.
Same-store sales aexclude the effect of store openings and closings in the past year.
AOL makes deals to put Internet on TV sets
Net access called civil rights issue
IRS reform still isn't a reality
Technology Acquisition sold
PNC launches investment services unit
Gold Star top business
Continental, TWA rated best
TRISTATE BUSINESS SUMMARY
INDUSTRY NOTES: MEDIA & MARKETING
PEOPLE ON THE MOVE
TRISTATE MARKET SPOTLIGHT
