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Ethan Allen Inc

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BUSINESS
September 21, 1988 | Associated Press
Interco Inc.'s board rejected a revised $2.66-billion takeover offer Tuesday and said it would instead pursue a major restructuring and recapitalization program. The furniture and apparel maker also said it had decided to sell its Ethan Allen furniture subsidiary as part of the restructuring. The company had said previously that it was considering such a sale.
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BUSINESS
September 21, 1988 | Associated Press
Interco Inc.'s board rejected a revised $2.66-billion takeover offer Tuesday and said it would instead pursue a major restructuring and recapitalization program. The furniture and apparel maker also said it had decided to sell its Ethan Allen furniture subsidiary as part of the restructuring. The company had said previously that it was considering such a sale.
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BUSINESS
May 30, 2001
* OfficeMax Inc. said Chief Financial Officer Jeff Rutherford resigned and was replaced by former Grand Union Co. executive Jeffrey Freimark. The company didn't give details about Rutherford's resignation. * * Ethan Allen Interiors Inc. agreed to develop a chain of furniture stores in China with Markor Furniture International Ltd., the U.S. company's first stores in the country. The first of the stores is expected to open in the middle of next year.
BUSINESS
December 28, 2002 | From Bloomberg News
Ethan Allen Interiors Inc., the largest U.S. furniture retailer, opened its first store in China, laying the groundwork for a larger rollout in Asia. The 14,500-square-foot showroom in Tianjin, China's third-largest city, is part of an agreement with the nation's Markor Furniture International Ltd. to develop a chain of Ethan Allen stores. Ethan Allen entered Europe earlier this year, opening two stores in Britain. Shares of Ethan Allen fell 71 cents to $34.85 on the NYSE.
CALIFORNIA | LOCAL
July 25, 1989
The information for this listing was unavailable for several months. The South Coast Air Quality Management District has responsibility to control air pollution in the area. It has the power to seek court-imposed fines against polluters of from $25 to $25,000 a day based on such factors as the extent that emissions exceed legal limits, the potential danger to the public, whether the violation was intentional, accidental or due to negligence and the company's history of violations.
BUSINESS
October 20, 1989 | From Reuters
Worsening problems in the high-yield, high-risk bond market, where prices have fallen steeply on worries of debt repayment in highly leveraged buyouts, have forced companies to put off sales of new junk bonds. At least four junk bonds issues totaling $1.68 billion have been postponed this week because of poor market conditions, including a $1.1-billion offer from Grand Union Co. and a $156-million deal by Ethan Allen Inc., analysts and underwriters said.
BUSINESS
July 20, 2000 | From Bloomberg News
Kozmo.com Inc., the largest delivery service for videos, food and other items ordered over the Internet, promoted its chief financial officer to president and acting chief executive as the company's founders took on new jobs. Gerry Burdo, 34, who joined the company in November as CFO, had been a principal financial officer at furniture maker Ethan Allen Inc. Kozmo co-founder Joseph Park, 28, became chairman after serving as chief executive since helping launch the company in 1997.
CALIFORNIA | LOCAL
June 6, 1999
Nathan S. Ancell, 90, co-founder of Ethan Allen Inc., one of the nation's largest furniture companies. Ancell entered the furniture business in 1932 as a young lawyer just out of Columbia University. He spent a vacation tending his brother-in-law Theodore Baumritter's housewares company and never went back to law. The two men bought a factory in Vermont, where Ethan Allen, the leader of the Green Mountain Boys during the Revolutionary War, was a folk hero.
HOME & GARDEN
May 24, 1997 | From Associated Press
Love seat, vanity, hope chest, jelly cupboard--all useful pieces from the past that leave us with a fuzzy feeling of nostalgia. But like today's TV stand, bookcase and computer desk, they are nothing more than furniture named for the roles they played. Many remain in the retailer's arsenal. Others, such as the recamier, metamorphic chair and tete-a-tete, are more elusive. Clearly, the love seat is the most popular of the early pieces named for origin or function.
BUSINESS
July 11, 2007 | From Reuters
Sears Holdings Corp. forecast lower quarterly profit Tuesday and said it needed to better control its costs and stock more items that its shoppers demand, sending shares down 10%. The company, which runs the Sears and Kmart chains, also said its board had approved the repurchase of as much as an additional $1 billion of common stock. Under the control of hedge fund manager Edward Lampert, Sears has been seen as much as a financial stock as a retail stock.
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