European Stars and Stripes (Newspaper) - February 13, 1991, Darmstadt, Hesse                                Wednesday february 13, 1991 the stars and stripes Sears cutting out 9,000 More jobs new York apr scars Roebuck and co. Said monday it was eliminating >9,000 additional jobs a nearly 50 percent increase Over previously announced layoffs that Are part of a Campaign by the company to become More competitive. The nations biggest retailer also announced a 37 percent drop in 1990 fourth Quarter earnings largely due to $155.2 million in costs associated with the restructuring of its workforce the 9000 largely administrative jobs to be eliminated by the end of this year come in top of the 21,000 positions the Chicago based company already is slashing from the staffs of Sears stores. Sears announced the actions As its Board began a two Day meeting that was expected to take a hard look at the flagging retailing business and search for a. Way to regain lost customers and profits. Sears chairman Edward a. Brennan said the Steps taken at Sears merchandise group would make the retailing business More competitive. In the final Quarter of 1990, the company said it earned $378.8-million, or $1.10 a share Down from �$02.1 million or $1.76 per share in the final Quarter of 19s9. Revenue Rose to $15.56 billion from $15.18  merchandise group accounted for about 57 percent of that  stores have been losing business for years to discounters such As Walmart stores inc., which offers Consumers lower prices and specially retailers like limited inc. And Home depot inc., which carry wider selections of merchandise. During 1990, Sears managed Only a 0.6 percent increase in retail sales Over 19n9 for its stores open at least a year. Mean a while  which is expected to overtake Sears this year As the nations largest retailer a had a 10 percent gain. Sears also faces the  of Consumers reluctant to shop because of the recession and the Gulf War. The a company a results include those of its Allstate insurance business. Dean Witter  subsidiary cold Well Bankers real estate group and discover credit card operations. Sears noted that higher claim payouts at Allstate and a slumping real estate Market also affected its earnings. Lor All of 1990. Sears said it earned $902.2 million or $2.6.1 per share Down from $1.51 billion or $4.30 Pih share in 1989. 88-store Carter Hawley Hale files for bankruptcy Protection los Angeles up1 a debt Laden Carter Hawley Hale stores inc., the West a largest department store operator monday filed for chapter 11 Federal bankruptcy Protection because it lacked Cash to compete in the current retail environment. The 88-store company which runs the the Broadway Emporium and Weinstock a chains cited cutbacks in both consumer spending and its Access to Bank credit As reasons for the Cash crunch. A a it has become increasingly Clear that Given Carter Hawley Hales debt service requirements in today a environment of curtailed consumer spending accompanied by a contraction in the availability of Trade and Bank credit Carter Hadley Hale cannot have the capital resources it needs to be a viable competitor a said Philip m. Hawley chairman and chief executive officer. Hawley said the company had no alternative to the filing. A a a a a. A. A a a a a a. -. A a a a a staying out of chapter 11, Given present conditions might have led to a far in rep site Stirm lion edition and mite cats for $800 million in Bank financing from chemical Bank. Company spokesman Bill Dombrowski said there would be no layoffs or store closings As a result of the chapter 11 filing. Carter Hawley had been widely expected to seek chapter 11 Protection after its plan to sell its credit card a business fell apart last week giving Rise to concerns the company could not make a $22 million interest payment due feb. 15 on its $350 million in junk Bonds. The new York Stock Exchange halted trading in the Bonds feb. 7 because of its concerns Over the payment then allowed trading of the Bonds the same Day to resume at a default Price. The company said monday it would not make that payment and some of the other interest payments on its $1.3 billion debt. Carter Hawley took on the junk Bonds in 1987 As part of a restructuring to fend off raiders. But the company a finances were stretched thin by debt payments which potentially a greater loss of value for creditors As Well As equity holders a Hawley said. A under chapter 11, employee payroll will be met and the company expects to continue its Benefit  \ Carter Hawley said it would continue to operate the stores and focus on their effectiveness and efficiency. It also said the chapter 11 filing made in Federal bankruptcy court in los Angeles enabled it to receive com totalled $174 million in fiscal 1990 ended last aug. 4. The company lost $26 million on sales of $2.86 billion in fiscal 1990, then lost another $14.9 million in the first Quarter of. Fiscal 1991. It has Cut about 1,000 jobs from its work Force of 30,000 Over the past four months. Retail analyst Douglas Christopher of brokerage Crowell Weedon amp co. In los Angeles said the filing was not a Surprise particularly in the current slow Economy. Detroit police chief sex Deputy indicted in fund theft probe Detroit apr Detroit a police chief and a former Deputy chief who was a business partner of mayor Coleman Young were indicted i onday in a Federal probe of the theft of nearly $2.6 million from a secret police fund. ,. A. A grand jury indicted police chief William Hart on seven counts and the former Deputy chief Kenneth Weiner on five counts said . Attorney Stephen Markman. \ for 18 months the jury has been investigating the alleged disappearance of Money from a secret police department fund set up to pay informers buy drugs and conduct undercover investigations. A the indictments set Forth an extremely serious violation of the Public Trust on the part of these individuals a Markman said. He criticized the City for what he said was its a tepid at bests assistance in the investigation. Hart and Weiner Are expected to be arraigned on the charges later this week. Markman said 54 checks totalling $1.29 million were drawn from the secret fund from 1986 through 1988 and deposited in businesses onto. _ Weiner. Hart also was charged Ith stealing an additional $1.29fmillion from the fund by cashing 98 checks from 1982 through 1989, Weiner reportedly channelled some of the police Money to a Dummy corporation in California. Documents show the company paid $72,000 in rent on a Beverly Hills Home occupied by Harts daughter and son in Law. V. Charges against Hart and Weiner carry a maximum sentence of 10 years Detroit police spokeswoman Allene Ray said neither Hart nor the department would comment on the indict ments. In the past Hart has denied misusing the fund and has accused Weiner of embezzling from it. Youngs press Secretary. Bob Berg did no to immediately return a Call seeking comment. Young has denied wrongdoing and has not been charged. In an unrelated Federal Case Weiner 44, was convicted last month of 40 charges in a multimillion Dollar investment fraud scheme involving precious metals. Hart f c is in custody awaiting sentencing following his Jan. 14 conviction in . District court. Stateside2nd visitor to Mardi gras shot dead within 5 Days new Orleans up police reported the second slaying of a carnival visitor As the City regrouped from a weekend of non Stop parades and Street partying that was to continue through Mardi gras fat tuesday. A John pierrer30, of Amite l a., was shot in the neck during a Holdup attempt about 3 . Sunday police said. A companion said Pii Yre tried to protect him from the gunman during a Holdup attempt As they left the French Quarter a focal Point of the carnival celebrations. Pierre was the second carnival visitor slain within five Days. Michael Alletto 65, of Rochester n.y., was shot to death on the Edge of the French Quarter wednesday night. Travis Garrison 16, was booked with murder and attempted robbery in the Case. \ a despite the tragedies the frenzied buildup to Mardi gras continued with parades and overindulgence in food alcohol and along Bourbon. Street heeling displays of Sam nudity. A a it a like nothing in be Ever seen before in life a said Danny Laffel West Islip n.y., recalling his first Parade and the frenzy  crowd trying to catch a throws Quot a souvenirs tossed by float riders. -f/a-18 Pilot Dies in crash on . Missile Range Albuquerque . A an of a in Navy Jet fighter on a routine training Mission crashed monday on White Sands missile1 Range a killing the Pilot authorities said. A it he Ca use of the Accident is not known at this time a or the extent of the damage a a said Connie Rankin Public affairs specialist at Kirt Laid fab where the air plane was stationed. The name of the Pilot was w withheld pending notification of relatives she said. The single seat  tighter went Down on the Northwest Corner of the missile Range a Board of air Force officers will investigate the Accident Rankin said. Ajob As 911 operator pays off big for worker Portland Ore. A a 9 i emergency operator logged an average of 50 hours overtime per week last year and earned $94,869, making him the City a highest paid worker officials say the operators regular salary was Only $30,600, said Gary Schrader director of the Bureau of emergency communications. The operator who was not identified put in Grouf 2,700 overtime hours at time and a half pay during the year. He also gets shift differentials and additional pay for training new employ defense attorneys sought to question Young a partner in weiners company in the fraud Case a when Young said he would invoke his fifth amendment right against self incrimination he Wasny to called As a witness. Hart was. Removed from supervision Over the police fund in 1989 when the City began an internal investigation. Young has since ignored Calls for Hart a dismissal. Weiner who specialised in Urban Security and antiterrorism left the police department in 1986. Yes said Paul Stein operations manager for the Bureau of emergency communications. / he generally works four Days of 16 hours each a fifth Day of 12 hours and a sixth Day of eight hours Schrader said. David Shaff a City personnel analyst said the operator had cracked the $100,000 Mark in past years. For comparison mayor Bud Clark makes $72,592 a year and police chief Tom Potter is paid $75,546. Neither is eligible for overtime pay