Originally created 11/27/02

Business briefs



Zany Brainy yanks video games in protest

KING OF PRUSSIA, Pa. - Upscale toy retailer Zany Brainy plans to pull video games off the shelves in its 170 stores, saying the industry is focusing on adult themes too violent for the company's young customers.

"... We felt like there weren't a lot of titles that were geared toward children," said Renee Hollinger, a spokeswoman for FAO Inc., which purchased Zany Brainy earlier this year.

Zany Brainy, which operates a store in Augusta, said video games make up only about 3 percent of its sales anyway.

Ad urges Buffett to drop the Whopper

OMAHA, Neb. - A retired industrialist who has spent millions urging Americans to stay away from fatty foods is asking billionaire investor Warren Buffett not to purchase the Burger King chain.

Omaha businessman Phil Sokolof ran an ad in Tuesday's Omaha World-Herald addressing Mr. Buffett, who also lives in Omaha where his investment company, Berkshire Hathaway Inc., is based.

Berkshire Hathaway has been mentioned as a possible bidder for Burger King. The chain is being sold by Diageo PLC of London.

Federal judge OKs rearranged Sunbeam

BOCA RATON, Fla. - A federal bankruptcy judge approved Sunbeam Corp.'s bankruptcy reorganization plan on Tuesday.

The plan gives lenders, led by Morgan Stanley, Wachovia Corp., and Bank of America, shares worth one-third of the $1.6 billion in loans Sunbeam currently owes.

Bondholders get 1.5 percent of the stock in the new company while current shareholders of the Boca Raton company get nothing.

Tenants sue landlord over exorbitant fees

WEST PALM BEACH, Fla. - Tenants have sued the nation's largest landlord, alleging that the company has taken advantage of young consumers and collected millions of dollars worth of illegal fees.

The suit, announced Tuesday, claims that Chicago-based Equity Residential illegally charges tenants up to five months' worth of rent for ending their leases early or for failing to notify the company that they're not renewing their contract.

The lawsuit filed Monday in Palm Beach County Circuit Court seeks class-action status.