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House Of Fabric Inc

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BUSINESS
July 31, 1996 | Times Staff and Wire Reports
Sherman Oaks-based House of Fabrics said its board has elected R.N. Hankin chairman. . . . Aetna announced it will cut 1,700 jobs nationwide as it stops administering Medicare fee-for-service programs. . . . Philip Morris announced that Louis Camilleri will become chief financial officer Nov. 1. . . . A House subcommittee easily approved a bill requiring banks to clearly inform consumers about new fees for using ATMs.
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BUSINESS
August 1, 1996 | Times Staff and Wire Reports
House of Fabrics Shares to Resume Trading: The Sherman Oaks-based chain said it has emerged from Chapter 11 Bankruptcy Court protection and that trading of its stock will resume today on Nasdaq. House of Fabrics Inc., which sells fabrics and home sewing items, filed for reorganization in November 1994 because of heavy debt obligations. The company said it has obtained $60 million in financing for an initial period of three years from the New York-based CIT Group.
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BUSINESS
August 1, 1996 | Times Staff and Wire Reports
House of Fabrics Shares to Resume Trading: The Sherman Oaks-based chain said it has emerged from Chapter 11 Bankruptcy Court protection and that trading of its stock will resume today on Nasdaq. House of Fabrics Inc., which sells fabrics and home sewing items, filed for reorganization in November 1994 because of heavy debt obligations. The company said it has obtained $60 million in financing for an initial period of three years from the New York-based CIT Group.
BUSINESS
July 31, 1996 | Times Staff and Wire Reports
Sherman Oaks-based House of Fabrics said its board has elected R.N. Hankin chairman. . . . Aetna announced it will cut 1,700 jobs nationwide as it stops administering Medicare fee-for-service programs. . . . Philip Morris announced that Louis Camilleri will become chief financial officer Nov. 1. . . . A House subcommittee easily approved a bill requiring banks to clearly inform consumers about new fees for using ATMs.
BUSINESS
October 4, 1994 | PATRICE APODACA, TIMES STAFF WRITER
Local stocks staged a modest turnaround in the third quarter, as 58% of the stocks showed gains in value. This was an improvement over the first and second quarters of 1994, when three in five local stocks suffered a loss in value. On average, area stocks increased 6% in value in the three months ended Sept. 30, roughly mirroring gains seen in larger markets. The NASDAQ Composite Index of about 4,000 mostly small company stocks rose 8% in the third quarter.
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