Morning Briefing

By Bloomberg, Post-Dispatch | St Louis Post-Dispatch (MO), June 13, 1996 | Go to article overview

Morning Briefing


Bloomberg, Post-Dispatch, St Louis Post-Dispatch (MO)


Aluminum Union OKs New Contracts With Alcoa And Reynolds

A St. Louis-based aluminum workers union on Wednesday agreed to new contracts with the Aluminum Co. of America and Reynolds Metals Co., ending the threat of a walkout.

Aluminum, Brick and Glassworkers union members voted for six-year contracts with the companies. No breakdown of the vote was available, said John Murphy, the union's chief negotiator. The union is based in St. Louis, although neither Alcoa nor Reynolds has a plant in Missouri.

The agreement increases wages by $1.15 per hour spread over five years.

Associated Press

Angelica Buying Chain Of Uniform Stores

Angelica Corp. is buying a 13-store chain of uniform stores in Texas and Louisiana with annual sales of about $2.7 million. The stores, operating as Blair Uniforms and Blair-American Uniforms, will become part of Angelica's Life chain of uniform and shoe stores. The new stores will bring the total number of Life shops to 282.

Three Blair stores are in markets that are new to Angelica: Amarillo and Lubbock, Texas, and Shreveport, La.

Post-Dispatch

Kroenke Sells 1.1 Million Shares Of Wal-Mart Stock

E. Stanley Kroenke, a director of Wal-Mart Stores Inc., sold 1.1 million shares of Wal-Mart stock between May 17 and May 23, when the stock was trading between $24.75 and $25.25 per share, Securities and Exchange Commission documents show. That leaves Kroenke with 39,277,585 shares of the company's stock worth $1.02 billion at Wal-Mart's closing price Wednesday of $26 a share.

Kroenke, a real estate developer and co-owner of the St. Louis Rams National Football League franchise, is first cousin by marriage to Wal-Mart Chairman S. Robson Walton and director John T. Walton.

Associated Press

Mo. …

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