Sun-News from Myrtle Beach, South Carolina • 31

V''V-V 11 i- Winn ff A -T-OT 1 i YOUR MONEY Monitoring mutual fund managers 'Si- i Personal Finance BEACH SOUTH CAROLINA MYRTLEBEACHONLINECOM I By Jenny Burns The Sun News Barrington Broadcasting Corp a rapidly growing player in die national media market haa bought WPDE-TV the company said Thursday The ABC affiliate that serves Myrtle Beach and Florence is SECTION disclosed TV station Is accomplishing what they need to accomplish and they have strong ties to the local community We anticipate significant changes and we hope that they will keep on Please see WPDE Page 4D Most May sites to be branded asMacyY Federatedveighs use of other names By Dan Sewell The Associated Press DOWNSIZING KVIlU Ifetiisk' MYRTLE About Barrington Broadcasting Corp Headquarters Chicago Formed In 2003 to buy and operate IV stations In midsize markets CEO James Yager (used to work in broadcasting industry in Columbia) other station WEYI-TV NBC and WBSf-TV WB Flirt Mich WHOi-TV ABC Peoria III KRCG-TV CBS Columbia-Jefferson City Mo KHQA-TV CBS Quincy Mo KVII-TV ABC Amarillo Texas mm- If li I V' 1 1 'll Steve and Judy Gllckman sit In Two sell big home for chicken coop By Holly Hayes KnightRidder SAN JOSE Calif A lot of people fantasize about simplifying their lives jettisoning piles of possessions and moving to smaller less-complicated quarters And then there are Steve and Judy Glickman who could be called the poster people for extreme downsizing In the fall they traded their 2800-square-foot five-bedroom house on a Los Gatos Calif cul-de-sac for a smaller cottage steps away from their i I iit 2 4 -t I pfiSA i COASTA LI BUSINESS COMMUNICATION SunCom opens new store in MB SunCom Wireless haa opened a new store on the Grand Strand The new shop is at Coastal Grand Crossing 358 Seaboard St Myrtle Beach This la one of six stores SunCom is opening In in July in the Carolines Additional stores are opening in Simpsonville and Charlotte Matthews and Asheville NC The company plans to open 20 stores in the Caralinas in the next 12 months SunCom provides digital wireless communication services an area covering 143 million people in the Southeastern US BANKING New branch OK'd for Horry County State Horry County State Bank has received regulatory approval to build a branch bank at 273 Carolina Forest Blvd in the Carolina Forest community The bank expects te begin construction of the office within a couple of months with an opening date targeted for the first quarter of 2006 Horry County State Bank opened in Loris in 1988 with 1 me office and $2 million in assets The bank ended June with (32L8 million in assets and 10 offices in Horry County The Carolina Forest branch will be Horry County State 11th office and will offer full banking services Including checking savings and time deposits commercial consumer and residential mortgage loans Internet banking safe-deposit boxes nondeposit investment services drive-through banking and a drive-up ATM WETLAND Restoration funds awarded in Carolinas South Carolina received $385000 and North -Carolina received $93000 for wetland restoration Those ftmds were part of $5 million made available by the Agriculture Wetlands Reserve Program for restoration activities in 20 states The program will restore nearly 40000 acres of wetland The program which is administered by the Natural Resources Conservation Service is a voluntaiy conservation program that offers landowners the opportunity to protect restore and enhance wetland on their property staff wire reports 0BYSTHEINUMBERS1 Top Web sites In number of UJS visitors April 2005: i Yahooll msnI IWEBBl Knight RUdtr Tribune REACHING US 7b comment and contribute story ideas contact Business Editor Garrison Wells: PHONE 1 626-0364 or 1-800-568-1800 ext 364 FAX (843) 620-0356 E-MAIL gwefisgthesumewsxom Cincinnati The number of Macy1 stores nationwide will rise to some 730 while retail shopping names such as Famous-Borr Hecht's and will disappear next year under plans outlined Thursday by Federated Department Stores Inc tor its pending takeover of May Department Stores Co Beskfes converting some 330 Mqy stales to Feder- a ted plans to sell ofY 68 stores -udiere the two companies have duplicate locations 27 of than 1 current operated as Maty's The changes announced Thurs- day will eliminate all May nameplates except Lord Tajfor and Keep an eye on cash levels PACE 2D FRIDAY JULY 29 2005 needs FCCs OK expect changes at the station which it bought from Diversified Communications The transaction awaits approval from the Federal Communications Commission Terms of the deal were not 5'a Hi st VS -f Jyiy I By Nuat Meye Knight Ridder leads a quick tour of the one-bedroom one-bath minihouse which has surprisingly spacious kitchen and eating nook It was love at first sight when the Glickmans heard that the little place downtown was about to go on the market nude an offer the day we saw says Steve Glickman a former Loa Gatos mayor who still sits on the town council want it to get on the multiple-listing The sales price: $545000 almost exactly $1000 per precious square foot They sold their larger house for $980000 See HOMES Page 4D Royal Dutch Shell more than $7 billion and $5 billion respectively fell short of expectations and there is some concern on Wall Street about the oil flagging output Please see OIL Page 4D TSC300 1556 1051623 30-YR BOND LuOiSiMMI Marriott: 6959 120 Outback Stoabhouie Inu 463)7 -018 423)1 411 i I i i i i i 1 I i i i I I I the living room off thdr 544-square-foot home In Los Gatos Calif Barrington deal the fifth acquisition in two years Chicago-based Barrington was formed in 2003 to buy and operate TV stations in midsize markets across the country Barrington said it Vi -t (''' A ii: -M tr 1 -r 5:: I A Rfe moved to a smaller house in an RYPrinr fUnVTM TV An Aiwa i The place was originally built aa a chicken coop for the house next door traded space for place" says Steve Glickman as he ing energy prices in the second quarter achieving 91 percent earnings growth was a good day for said Fadel Gheit an analyst at Oppenheimer Co in New York But the mammoth quarterly profits at Exxon Mobil and AMEX RUSSELL 2000 68304 -158541 HBton: 2510 093 Honeywetfc 3199 097 Intemational Paper: 313)1 -004 Knight Ridder 6176 006 in How much did they give up? See MACY'S Page 2D AP file photo The number of Macys stores will Increase to about 730 as Federated Department Store Inc converts brands 1 such as Hachfs and Fllano's In its planned takeover of May Department Stores Co ONUNICXTA mortgages Lenders loosen standards despite risks With novel loan products fueling much of the recent ran-up in home prices mortgage lenders fear an increased risks for borrowers and lenders in overheated housing markets Existing-home sales hit another record in June up 27 percent from May according to the National Association of Realtors Median home prices rose M7 percent from June 2004 Find out more on the Online Extras page at MyrtJeBaachOnfliMxoia CRUDE OIL "$083 $5995 eouv "$260 $42740 Sonoco: 2762 -412 South Financial: 2496 424 Synuvus Financial: 2494 417 Tern Corp: 4435 1 JO Steve and Judy Glickmangave attempt to simplify their lives The GBcfcmans moved from i five-bedroom house- -to i cottage Anost a quarter of the size of their house Sane Ik taacWid FM charming main street How tipy tins dollhouse? At 544 square feet said to be the smallest house on the smallest lot in the county high energy prices and higher worldwide consumption The companies improved their earnings despite rising costs and lower output of oil and natural gas Marathon Oil Corp a smaller player in the energy business also benefited from soar NASO AO 1222" 219844 693 124372 Coastal Financial: 153)0 011 First Financial: 3015 014 Golf Trust of America: 161 000 HCA: 5041 097 Prices consumption boost oil-company profits By Steve Quinn The Associated Press DALLAS Two of the largest oil companies Exxon Mobil Corp and Royal Dutch Shell PLC said Thursday that second-quarter profits rose by about one-third buoyed by MARKET WATCH f6a46v 1070555 HrUnCIB iOCJKIl vd loci docks AVX Corpj 1190 063 BBAtt 4241 011 Beach First 2030 029 MHcgrcen: 1740 465 INSIDE YSEI4-5D AMEXI5D NASDAQ 5D MUTUAL FUNDS 1 6D CROSSWORD 1 7D COMICS 1 8D TV9D I 1.