Newsday from New York, New York on October 12, 2000 · 42
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Newsday from New York, New York · 42

New York, New York
Issue Date:
Thursday, October 12, 2000
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s t i r wwwnewsdaycomtechtechmainhtm Women’s Web Site Grabs Siebert’s Eye for a Buy The brokerage firm run by Muriel Siebert the first woman to hold a seat on the New York Stock Exchange is buying the Women’s Financial Network a Web site for female investors Terms of the deal announced yesterday were not disclosed The 6-month-old site at wwwwfiicom will be largely unchanged except that ita online brokerage services now will be provided by Manhattan-baaed Siebert Financial Corp “Though there are Bitea out there that purport to addreaa the financial needs of women in my opinion they offer trivia and fail to provide the real tools women need Even worse many of them talk down to women” Siebert said in a statement Women's Financial Network’s founder and chief executive Jennifer Openshaw said the site is designed to offer women advice on financial planning and a single stop for them to perform brokerage trades and pay bills Siebert who became a member of the NYSE in 1967 established a discount brokerage house in 1975 — The Associated Press Time Warner Makes Disney a Standard Time Warner Inc will offer Walt Disney Co’s Disney Channel as part of its standard service in Manhattan Brooklyn Queens and Staten Island effective Nov 1 In a press release this week Time Warner the media and entertainment company said the channel will be located on channel 40 in Staten Island and channel 49 in the other three boroughs ' — Dow Jones News Loehmann’s Emerges From Chapter 11 Loehmann’s which sells designer apparel at a discount emerged from Chapter 11 bankruptcy protection this week with a renewed focus on its core customers PhelropHOO T The Newsday Top 100 Bloomberg Stock Index: 176r 172 168 164 160 W T F Jan 1 1997-100 “We will return to our roots revolving around the Back Roam where we carry designer and specialty occasion clothing said chief executive Robert N Friedman The Bronx-based retailer filed for bankruptcy in May 1999 because it had expanded too quickly and accumulated a lot of debt During bankruptcy it dosed 25 underperforming locations indud-ing ones in Rem Park Merrick and Westbury Loehmann’s now ates 44 stores in 17 states inch outlets in Manhattan New Hyde Park Huntington Hewlett — Tami Luhby Deal Near For Tower in Midtown Tiahman -Speyer Properties and the Durst Organization are close to an agreement to jointly develop a 2-million-square-foot tower in midtown Manhattan east of Times Square executives at the companies said The 46-story building which is expected to cost about $750 milium to construct will be called One Bryant Park and be located at West 42nd Street and Avenue of the Americas The developers still face a significant hurdle assembling the rest of the land — three small pieces — from seemingly reluctant sellers tion head Douglas Durst I: with the land-it he’s hopeful the City of New York would condemn the land once he finds a lead tenant for the project The pity hasn't said whether it would move to condemn the land — Bloomberg News Stock Watch How Queens' 7 largest stocks based on market value fared yesterday NwHbjf Wotn Mnl— Baman The Rev Al Sharp ton answers reports rs' questions outside Burger King on Seventh Avonuo In Manhattan whore ho Announced o boycott of tho restaurant chain A City wide Call For Burger Ring Boycott Sharpton: Too few minority owners By S Mitra Kalita BTAWwxirea The Rev Al Sharpton won't find support for his boycott of Burger King franchises from Kindell Haynes and her friends “We’re not going in to judge the people said Haynes 16 who lives in Jackson Heights “We’re going in to eat” Sipping orange soda from a cup emblazoned with the Burger King logo Haynes stood with her friends yesterday outside the fast-food outlet in Jackson Heights during a lunch break from nearby Renaissance High School They had heard nothing of Sharpton’s planned boycott nor did they seem to care Standing in front of a midtown Burger King Sharpton yesterday called for a citywide boycott of Burger King starting Saturday citing the lack of minority franchise owners in the city He said the boycott will expand to other cities and regions within two weeks “The boycott is on till we see a public dealing with the issues he said “We’ll be running The Whopper out of our communities Managers meanwhile at Burger King franchises in Queens said diversity defines their work force “Doesn't this tell you?” said John Diaz manager of a Burger King on 82nd Street gesturing at the fleet of " Asian T etinn end WeA cashiers he oversees er King seems to employ several minorities the 58-yearnold elevator inspector said “But I dont know if they are owners or employees said the Ca-narsie Brooklyn resident after buying a lunch iff chicken nuggets end french fries Sharpton’s boycott stems from a Detroit franchise owner’s rfnime that Burger King pulled out of a deal to open more than 200 inner-city restaurants Burger King alleges the owner owes more than $65 million in loans Officials at Burger King headquarters based in Miami did not return calls for comment yesterday Several Burger King supervisors though disputed Sharpton’s claim that no Macks own franchises in New York City "I know a lot of them” said Fariz Khan a district supervisor in Astoria “There are all kinds blacks Indians" Still the question of who owns Burger King outlets is part of a broad- er issue far franchises nationwide The mqjor fast-food chains lag in the number of minorities who own their franchises partly because they are costly to acquire said James Hey-liger president of the Association of Minority Enterprises of New York in Richmond Hill Meanwhile Heyliger said minority communities are often the fast-food chains target market in cities across the country “If you're serious about franchises moving into the city it ought to mean more than just jobs he said “They tfc fef PTC teU BurS- ownership-

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