Judge OKs Federated Financing: A bankruptcy judge...
From Times Staff and Wire Service Reports
Judge OKs Federated Financing: A bankruptcy judge in Cincinnati approved a $2.4-billion financing plan for Federated Stores Inc. designed to keep its department store chains operating through lengthy bankruptcy proceedings. After two days of hearings, U.S. Bankruptcy Court Judge Vincent Aug Jr. signed orders approving cash-generating methods for the firm’s two divisions--Federated Department Stores and Allied Stores.
