Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: WEDNESDAY, June 20, 1990 TAG: 9006200110 SECTION: BUSINESS PAGE: B-5 EDITION: METRO SOURCE: DATELINE: LENGTH: Short
Ames Department Stores Inc., which has been in voluntary bankruptcy since April 25, said Tuesday that it had a much larger net loss - $431 million - in the first quarter that ended on April 28 than the year before, while its revenues dropped slightly. The increased loss was blamed on the cost of store closings and non-recurring writedowns in inventory.
Sara Lee Knit Products Inc. plans a dedication Thursday of a Hillsville sewing and packaging plant designed to employ up to 850 people. The ceremony will be at 10:45 a.m., followed by plant tours and a luncheon.
Stewart Sandwiches Inc. of Norfolk has settled a suit that charged it with selling pre-packaged sandwiches that contained a potentially life-threatening bacteria, the Department of Justice said Tuesday.
The Senate Agriculture Committee voted Tuesday to support dairy farmers by setting a minimum government price of $10.10 per hundred pounds of milk for the next five years, well below recent market prices.
by CNB