In the Region Donna's to close outlet in Bibelot's...

BUSINESS DIGEST

May 26, 2001

In the Region

Donna's to close outlet in Bibelot's closed Canton store

Donna's Coffee Bar and Cafe will close its Canton outlet tomorrow at Bibelot in the American Can Co. building on Boston Street, co-owner Alan Hirsch said yesterday.

The coffee shop's sales have fallen since Bibelot, a Baltimore-based bookstore chain, filed for bankruptcy in March. After Bibelot closed its Canton store in May, Donna's stayed open but saw sales fall nearly 50 percent over the past few weeks, Hirsch said.

The Donna's outlets in the three other open Bibelot stores - in Timonium, Cross Keys and Pikesville - are still operating. Donna's has nine outlets in the Baltimore area and plans to open two more by the end of the year, in Clarksville and Columbia, Hirsch said.

Business leaders plan to start Frederick bank

A group of business leaders in Frederick plan to open a bank later this year that will target businesses and professionals in the area.

The bank will be called Frederick County Bank. It is being organized by Raymond Raedy, a Frederick businessman, and John N. Burdette, who will be chairman. The bank is filing applications with the Federal Deposit Insurance Corp. and the Federal Reserve System.

Elsewhere

Goodyear runs ads to prevent confusion with Firestone recall

Goodyear Tire & Rubber Co. began running newspaper advertisements yesterday stressing the safety of its tires, just three days after Ford Motor Co. decided to replace 13 million Firestone tires because of concerns about tread separation and blowouts.

The ads do not specifically mention the recall, but they refer consumers to Goodyear's Web site, which contains information about the recall and a tire safety guide.

Goodyear said the ads were prompted by the Memorial Day weekend, which traditionally marks the start of the summer travel season, and are aimed at preventing consumer confusion about Ford's recall. When Firestone recalled 6.5 million similar tires last August, Goodyear said, consumers called mistakenly asking about a Goodyear recall.

Raytheon business jet wins final FAA certification

Raytheon Co. said yesterday that it won final certification from the Federal Aviation Administration for its Premier I business jet.

The certification allows the plane to be flown by one pilot and to be flown into certain types of bad weather. The $5.3 million jet can hold six passengers and fly faster than 520 mph. It has a range of more than 1,430 nautical miles and is certified to fly as high as 41,000 feet.

Raytheon, the No. 3 U.S. defense contractor, got FAA approval in March to sell the plane, more than two years later than expected.

Teradyne fires 400 in N.H. and Calif.

Teradyne Inc., the biggest maker of semiconductor-testing equipment, has fired 400 employees from its connection-systems division, or 4.2 percent of its work force, because of falling demand for electronic components from key customers such as Cisco Systems Inc., EMC Corp. and Sun Microsystems Inc.

Teradyne fired about 250 people from six facilities in Nashua, N.H., and 150 from two facilities in San Diego. The firings are in addition to 650 announced in March.

Ford luxury car division under pressure on profits

Ford Motor Co.'s luxury car unit's profit is under pressure as demand in the U.S. slows and incentive levels increase, William Cosgrove, chief financial officer of Ford's Premier Automotive Group, said yesterday.

Premier is the grouping of Ford's Lincoln, Jaguar, Volvo, Land Rover and Aston Martin cars. Cosgrove said the unit's U.S. sales fell in the first quarter, so it increased lease and sales incentives for Lincoln to match its rivals.

This column was compiled from reports by Sun staff writers, the Associated Press, Bloomberg News and Reuters.

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