Hess's Department Stores Inc., the Pennsylvania retail chain that announced Monday that it will sell its 30 stores and go out of business, is not affiliated with Hess Shoes. Hess Shoes, a Baltimore-based company that emerged from bankruptcy proceedings last year, is proceeding with expansion plans.
Hess's plans to sell 30 stores
Hess's Department Stores Inc. will sell its 30 stores in five states and go out of business by November, the privately held Pennsylvania company said yesterday.
May Department Stores Co. plans to buy 10 Hess's stores in Pennsylvania and New York state. No purchase price was disclosed.
York, Pa.-based Bon-Ton Stores Inc. will pay $60 million for 20 stores and a distribution center, as well as Hess's name and trademark.
Vitro to get Md. training funds
Gov. William Donald Schaefer will travel to Rockville this morning to provide Vitro Corp. with $1.5 million in training money to help the company lessen its dependence on a shrinking Pentagon budget by developing new commercial markets.
The training funds will be provided by the state Department of Economic and Employment Development so-called "Sunny Day" fund that is used to stimulate economic development in the state.
The state agency and Montgomery County officials have been working with Vitro for some time to help ensure that the company maintains operations in the state.
Rockville-based Vitro, with about 1,800 workers in Montgomery County and about 2,400 in the state, was acquired by Texas-based Tracor Inc. in 1993 for $94 million from Penn Central Corp.
Jury finds Nintendo violated patent
A federal jury yesterday decided Nintendo of America must pay $208 million to a defunct company for violating a patent for an invention that helps video game characters move and interact.
The Manhattan jury found Nintendo of America Inc. intended to violate the patent held by Alpex Computer Corp. but said Nintendo's parent company, Nintendo Co. Ltd. of Kyoto, Japan, did not.
Howard Lincoln, chairman of Nintendo of America of Redmond, Wash., called the verdict "preposterous" and said Nintendo would appeal.
400 Allegheny workers to lose jobs
In another cost-cutting move, USAir Group Inc. said yesterday it would lay off 400 workers at Allegheny Commuter Airlines and sell 22 of the unit's planes to Mesa Airlines of Farmington, N.M.
Allegheny, based at Pennsylvania's Harrisburg International Airport, has 1,436 employees and serves 40 cities in the northeastern United States, flying under the banner of USAir Express.
EA gets 5-year subcontract
EA Engineering, Science and Technology Inc. said yesterday it received a five-year subcontract that could be worth as much as $45 million.
Hunt Valley-based EA said it will be providing architectural and engineering consulting, technical and management support for
several National Park Service projects in the United States.
The company will be a subcontractor for Environmental Systems Research Institute Inc.