Friday, June 08, 2001

Tristate Summary

Baldwin in talks with lenders

        Baldwin Piano & Organ Co., which sought Chapter 11 bankruptcy reorganization May 31, is continuing talks with its lenders for financing that would allow it to operate while it attempts to develop a plan to repay creditors, its attorney said Thursday.

        Tim Hurley, bankruptcy attorney for the Deerfield Township-based company, told Bankruptcy Judge J. Vincent Aug Jr. that a court hearing will probably be needed next week to take final action on the financing being worked out with GE Capital Corp. and Deustche Financial Services, Baldwin's two largest creditors. Last week, GE Capital agreed to a stop-gap $1.2 million loan that allowed Baldwin to meet its pre-bankruptcy payroll.

Golden opportunity for job seekers

        The Workforce Solutions Group of the Greater Cincinnati Chamber of Commerce will allow job-seekers to pan for real gold nuggets on Fountain Square next week, it said Thursday.

        Job seekers who post their resume on one of two Internet sites — or — by June 12 will have the chance to sift through a small bed of sand. Two of the gold nuggets are valued at $1,000, the third at $1,500.

        Officials said the event June 13 would dramatize the “golden talent” of aspiring workers here.

Design firm names partners

        FRCH Design Worldwide has named James Lazzari and Paul Lechleiter as partners in the privately held retail design firm. They join chief executive officer James Fitzgerald and chief operating officer James Tippmann on the executive committee.

Emmis registers to sell securities

        Emmis Communications Corp., an Indianapolis-based media company and owner of Cincinnati Magazine, filed with the Securities and Exchange Commission to sell $500 million of securities.

        The company, which also owns radio and television stations, filed to register securities in advance and sell them when financing needs arise or market conditions are favorable.

— From staff and wire reports


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