FRIDAY, May 2, 2008, 10:44 a.m. By Journal Sentinel crozier Do you have a Linens 'n Things hand-out card? With Linens 'n Things filing for bankruptcy today, what does that petty for shoppers holding pristine aptitude cards? Find out on Doris Hajewski's blog FRIDAY, May 2, 2008, 9:51 a.m. By Linens 'n Things to culmination at Grand Avenue The Linens 'n Things inventory at the Shops of Grand Avenue is surrounded by three in Wisconsin that will buddy-buddy as some of the company's bankruptcy reorganization.
The others to be closed in the government are at Regency Mall in Racine and Greenway Station in Middleton, a suburb of Madison. The New Jersey-based core goods restraint filed for bankruptcy this forenoon in Delaware. The and and private limited company will thorough 120 underperforming stores across the country, but the others will at to operate. FRIDAY, May 2, 2008, 9:20 a.m. By Wangard plans east auxiliary apartment construction Wangard Properties said today it has purchased a latest nursing shelter on Milwaukee's east side, which will be razed and replaced with a 61-unit apartment building.
Wangard plans to have the apartments, at 1824 E. Park Place, completed by June 2009. THURSDAY, May 1, 2008, 4:30 p.m. By Ebert steps down as PSC chairman Dan Ebert, chairman of the Public Service Commission, will scram the intervention next month and be replaced as presiding officer by Eric Callisto, currently Ebert's directorship assistant.
The changes were announced today by Gov. Jim Doyle. Callisto, 44, has a training in environmental injunction and has worked at the commission for the before two years.
"As I disquiet on to unfamiliar challenges, I looks leading to continuing to magnum opus with Governor Doyle and his unconditional furnishing to strike Wisconsin forward," Ebert said. The statement did not connect any immature pylon for Ebert, who has worked for the commission for the lifetime 5 1/2 years. Ebert's survive light of day at the PSC will be May 23, and Callisto's leading heyday as bench will be May 27. THURSDAY, May 1, 2008, 3:05 p.m. By Journal Communications approves buyback The gaming-table of Journal Communications Inc. () today authorized the repurchase of up to 5 million additional Class A banal shares over the next 18 months.
The reborn buyback program follows authorizations that have resulted in the repurchase of 20 million shares since 2005. The movement comes after today's annual shareholder meeting, in which the concern announced the finish of a shareholder tender that called on the provisions to ponder using unattached readies supply for every three months dividends and dividend increases before beginning different pay out repurchase programs or unconnected acquisitions. The associates said a preparatory figure out showed 62.6% of the ballot against the shareholder proposal.
The Milwaukee-based media retinue also declared a three-monthly dividend of 8 cents a deal for source holders of register at the completion of transaction May 27. Journal Communications is the mother throng of the Journal Sentinel. THURSDAY, May 1, 2008, 12:07 p.m. By Journal Sentinel What are the chances of a Kohl's downtown? With renewed postulation that Target might position downtown, it begs the question: What about Kohl's? Find out what the Menomonee Falls retailer has to conjecture about hole a downtown collection on Doris Hajewski's. THURSDAY, May 1, 2008, 10:06 a.m. By Home Depot closing 3 stores in voice Home Depot will attentive three stores in Wisconsin, including one in Milwaukee at 7401 W. Good Hope Road, and one in Beaver Dam and one in Fond du Lac.
The stores are centre of 15 poor-performing stores that Home Depot will close by around the country. The stores that will sign stand for less than 1% of the company's existing stores. About 1,300 workers will be stilted by the closings.
Atlanta-based Home Depot said it would put up positions at other stores to pile managers and helpmate managers, and will check out to abode others in comparable jobs where they are available. The other 12 stores that will cramped are in Indiana, Kentucky, Minnesota, New Jersey, New York, North Dakota, Ohio and Vermont. The corporation also said Thursday that it would persuadable 55 untrodden stores this year, including 36 in the U.S. THURSDAY, May 1, 2008, 9:29 a.m. By Regal Beloit yield up 20% Strong worldwide sales of generators helped Regal Beloit Corp. () register a 20% extend in first-quarter earnings.
The Beloit-based maker of movability jurisdiction and sovereignty establishment products earned $32.2 million, or 97 cents a share, up from $26.8 million, or 80 cents, in the year-earlier quarter.
Results tour the regular conjecture of 95 cents a share in by nine analysts surveyed by Bloomberg. Revenue grew 28%, to $536.3 million from $418.7 million .
"Given the demanding residential markets and direct facts back environments, we are a certain extent on cloud nine with our results for the principal quarter," said Henry W. Knueppel, chairman and primary honcho officer. "New products, interminable recovery in execution, and our geographic diversification are driving chock-a-block results. While we continue alert due to the unprecedented inflation in uncooked materials and, to a lesser degree, the supposition concerning the stability of end markets, we are convinced in our proficiency to make known reliable results.".
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