
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, March 1, 1991                   TAG: 9103010111
SECTION: BUSINESS                    PAGE: A9   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

IN BUSINESS - BRIEFLY . . .

May Department Stores Co. on Thursday reported a 6.1 percent gain in sales but a 2.9 percent decline in net earnings for its fiscal year ended Feb. 2. The St. Louis-based parent of Thalhimers stores said 1990 sales totaled $10.04 billion compared with $9.46 billion a year earlier. Profits were $500 million or $3.74 per share, down from $515 million or $3.64 per share.

\ Appalachian Power Co. said Thursday it will redeem $4 million of its $2.65 preferred stock on May 1. Apco will pay $25 per share for 160,000 shares, or 10 percent of the originally issued shares.

\ Interco Inc., the St. Louis-based parent of The Lane Co. of Altavista, said Thursday a group of banks led by the Bank of New York has agreed to lend the company $150 million in debtor-in-possession financing. Interco filed last month for Chapter 11 reorganization under protection of bankruptcy law, posting $1.9 billion in debt.

by CNB