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Business Insider

Lindley Estes is a business writer for The Free Lance-Star and This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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S&K liquidating, Anderson deal off

A couple of business news items from this afternoon:

First, the deal between Anderson & Strudwick and Wunderlich Securities has fallen through. Wunderlich announced in December that it was purchasing the Richmond-based Anderson. Anderson will now proceed as an independent firm, said firm chairman and local stockbroker Don Newlin.

Second, a bankruptcy court judge today approved S&K Famous Brands Inc.’s plans to close its remaining 105 stores. S&K has stores locally in Central Park and the Stafford Marketplace. Both stores were open for business today, and the Fredericksburg one said they hadn’t been informed about today’s action.

Read more in tomorrow’s FLS Business section.

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  • kmcgrath

    I keep hearing talk that the economy is on the upswing – but I also keep seeing massive job losses. GM – Chrysler – AMEX – now this.

  • freehling

    You’re right. Though unemployment is a lagging indicator, so that likely won’t get better until well after the economy starts turning (which will hopefully be soon).

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