Newspaper article THE JOURNAL RECORD

Briefly.Worldwide

Newspaper article THE JOURNAL RECORD

Briefly.Worldwide

Article excerpt

K mart Profits Rise 14.6 Percent TROY, Mich. - A 14.6 percent rise in net income to $126.1 million, or 63 cents per share, was reported Monday for the third quarter by K mart Corp.

K mart reported income of $126.1 million, or 63 cents a share, for the 13 weeks ended Oct. 28, up from $110.1 million, or 54 cents a share, in the same period in 1987.

Sales increased 6.4 percent to $6.36 billion from $5.97 billion in the third quarter of last year.

On a comparable store basis - based on stores open in the third quarter both this year and last - sales were up 2.4 percent, K mart said.State Farm Stops WritingCalifornia Auto Policies BLOOMINGTON, Ill. - The largest home and car insurer in California, State Farm Mutual Auto Insurance Co., said Monday it has stopped writing new auto policies because of chaos surrounding rate-slashing Proposition 103.Allstate Pulls Out ofMassachusetts BOSTON - Allstate Insurance Co. said Monday that it was pulling out of Massachusetts because a tough state law involving automobile coverage has cut into its profits. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.