Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: FRIDAY, May 26, 1995 TAG: 9505260063
SECTION: BUSINESS PAGE: A-15 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
NEW YORK - Sick of exercise, but still seeking buns of steel? A new rear-boosting pair of jeans promises to make your derriere look delightful without one sweaty minute of aerobics.
The $40 MiracleBoost jeans for women were unveiled Thursday in New York, with the inventors hoping to do for the backside what the cleavage-enhancing Wonderbra did for breasts.
A special design, combined with a Spandex material, lifts the bottom an inch. To the touch, the jeans still feel like an ordinary pair.
Sun Apparel is predicting more than $20 million in sales in the first year after the jeans go on the market in July. Overall U.S. sales of jeans hit $6.2 billion last year, up slightly from the year before.
Macy's East, which operates 86 department stores in 14 states, has already ordered 20,000 pairs of MiracleBoost jeans.
- Associated Press
Baltimore to lose its Evening Sun
BALTIMORE - The 85-year-old Baltimore Evening Sun will cease publication Sept. 15, the victim of declining circulation and changing reader habits, the publisher said Thursday.
Its loss will be offset by a redesign and expansion of the morning Sun, which has had strong circulation gains, said Mary Junck, publisher and chief executive officer of The Baltimore Sun Co.
The closure will mean elimination of the equivalent of 66 full-time positions, Junck said. The newspapers employ more than 1,700 people.
- The Baltimore Sun
Judge OKs sale of Woodhill land
Bankruptcy Judge Ron W. Krumm has authorized sale of a tract owned by Woodhill Corp., which has filed for reorganization in U.S. Bankruptcy Court for Western Virginia at Roanoke. Woodhill, formerly known as Lynn Brae Farms, is owned by Roanoke developer T.D. Steele.
The land, in Roanoke County, fronts on Buck Mountain Road and is bordered by the Blue Ridge Parkway to the west, Hunting Hills to the south and Old Heritage to the north.
The proceeds of the sale after expenses must be distributed to creditors with claims against the property.
Woodhill, when it petitioned the court for the sale, indicated it had a sale contract with Strauss Construction Corp. and Vaughn Inc. for $525,000.
- Staff report
Mortgage rates slip up the ladder
WASHINGTON - Thirty-year, fixed-rate mortgages averaged 7.85 percent this week, up from 7.83 percent last week, the Federal Home Loan Mortgage Corp. said Thursday.
It was the highest since May 11, when the average was 7.87 percent. The average hit a 25-year low of 6.74 percent in October 1993.
On one-year adjustable-rate mortgages, lenders were asking an average initial rate of 6.06 percent, down from 6.10 percent last week. Fifteen-year mortgages averaged 7.4 percent, up from 7.39 percent.
- Associated Press
Markets to close
U.S. stock and financial markets will be closed Monday for the Memorial Day holiday. The Treasury Department's weekly auction of short-term bills will be postponed until Tuesday. The Roanoke Times & World-News will report business news but will not publish financial tables Tuesday. Financial tables will resume in Wednesday's editions.
by CNB