38 lose jobs at 2 area Sam's ClubsWal-Mart Stores Inc...

BUSINESS DIGEST

March 12, 1994

38 lose jobs at 2 area Sam's Clubs

Wal-Mart Stores Inc. said yesterday that it has dismissed 38 workers at its two Baltimore area Sam's Clubs, which were converted from Pace Membership warehouses in January.

"This is a hard decision, but sound business judgment demands we take this path," said Trey Baker, a spokesman for the Bentonville, Ark.-based retailer.

The terminations eliminated jobs at the Sam's Club at 1718 Woodlawn Drive in Baltimore County, leaving 170 workers, Mr. Baker said. There were eight layoffs at the store at 8250 Eastern Ave., Baltimore County, leaving 135 workers, he said. No further dismissals are planned, Mr. Baker said.

Wal-Mart bought 91 Pace operations -- including six in Maryland -- from Kmart in a deal announced in November. The warehouse operations, which require membership dues, sell products from electronics to produce, often in bulk sizes.

Implant lawyers allowed big take

A federal judge in Birmingham, Ala., said yesterday that lawyers for thousands of women who sued over silicone breast implants may keep as much as 25 percent of what they win for their clients, which could be billions of dollars.

"That's not to say I'm going to award 25 percent," U.S. District Judge Sam Pointer said. "That's just to say that I'm going to consider that a maximum."

Judge Pointer said he was concerned about lawyers recruiting clients in the wake of a February announcement of a tentative $4.75 billion settlement in the case.

Integrated seeks $150 million

Integrated Health Services Inc. of Owings Mills has filed with ++ the Securities and Exchange Commission for an offering of up to $150 million of senior subordinated notes.

In December, IHS acquired most of the U.S. operations of Central Park Lodges Inc. from Trizec Corp. Ltd., a Canadian real estate company. The assets include 30 geriatric-care facilities in Florida, Pennsylvania and Texas, and nine Florida retirement homes.

IHS said it will use $80.3 million of the proceeds to repay long-term debt, some of which was incurred to acquire CPL. The rest of the funds will be spent on other general corporate needs.

Publishing firm sets up shop

Bolton, Gibson and Associates, a firm that plans to acquire and manage specialty publishers, data base marketers and other providers of information and services to niche markets, has been established in Baltimore.

The principals are Perry J. Bolton, former executive vice president of McCorquedale Holdings Inc. in charge of its North American acquisition program, and Ralph H. Gibson, former president and chief executive officer of Motorbooks International, specialty book publisher and distributor.

The firm's offices are at 111 S. Calvert St.

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