
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, April 20, 1990                   TAG: 9004200195
SECTION: BUSINESS                    PAGE: A7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

BRIEFLY . . .

Tultex Corp. of Martinsville reported a 23 percent rise in first-quarter sales Thursday but its net loss of $2.3 million was greater than a $1.5 million loss a year ago. Higher raw material costs accounted for much of the loss. Sales were $57.4 million, up from $46.5 million last year.

\ American Express Co., reflecting record losses at its Shearson Lehman Hutton Inc. subsidiary, reported the worst quarterly results in its history Thursday - a loss of $619.8 million in the first quarter, compared with a gain a year earlier of $251.9 million.

\ Manufacturers on Thursday recalled more than 600,000 infant pillows and cushions linked to the suffocation deaths of 19 children. The recall involves 627,825 small soft pillows filled with plastic foam beads marketed by six companies.

by CNB