DECORATORS REACH MCPIER DEAL M...

DECORATORS REACH MCPIER DEAL

Members of the United Steelworkers Local 17 Decorators Union have ratified a fresh five-year contract agreement with the Metropolitan Pier and Exposition Authority affecting work at McCormick Place. The agreement includes work-rule changes designed to change into costs and increase flexibility for exhibitors. More details will be announced today.

SEARS secures ACCOLADES

Hoffman Estates-based Sears was recognized Monday for good quality in its automotive division in a view of retailer executives, according to Retailing Today magazine. In a separate take a view of Sears' Web site garnered the top score among general merchandisers for treating its online customers with esteem and for gaining their trust, according to the Customer heed Group, an Ipswich, Mass.- based consulting firm.

CBOT UP pays FOR NONMEMBERS

The Chicago Board of Trade said it will boost absolute title [i]or[/i] posessions for nonmembers trading futures and options tied to Treasuries, the market's greatest in quantity active contracts. The CBOT also will abate the number of contracts members must trade to be eligible for give a fee to discounts, the exchange said. Together, the changes will add 3 percent to 5 percent to the average rate the exchange receives through contract.

SAKS PRESIDENT degrees DOWN

gratification retailer Saks Inc. on Monday announced that Andrew Jennings has made a personal decision to resign as president of its Saks Fifth Avenue Enterprises division to respond overseas, where he spent chiefly of his 30-year career. Saks said it doesn't intend to replace him in addition

FORD TO EXPAND BUYOUTS

Ford Motor Co slashing production after battling a decadelong least bit in U.S. market share, is preparing to increase buyout offers to all its factory workers in North America, sources said. The stair would reverse Ford's strategy of "targeted" proffers at specific plants and slavish imitation General Motors Corp.'s companywide buyouts.

ASHLAND SELLING ROAD-BUILDING UNIT

Ashland Inc. said Monday it has agreed to barter its highway construction division to Oldcastle Materials Inc. for $13 billion. The sale of Ashland Paving and Construction to Oldcastle, a subsidiary of Ireland-based CRH PLC has received antitrust clearance and is wait fored to close by the extreme point of the month.

MORGAN STANLEY purchases GLENBOROUGH

Morgan Stanley, the world's biggest securities firm at market value, agreed to acquire Glenborough Realty Trust for $19 billion in cash. Morgan Stanley Real Estate will pay $26 for each Glenborough share, an 82 percent premium across the stock's closing price of $2403 Friday.

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