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ZIGGY & ZONS WORLD TO CLOSE AT END OF MONTH

Ziggy & Zons World, an eclectic Cheektowaga retailer offering everything from holiday gag gifts to wedding supplies, will close its doors at the end of the month after 30 years in business.

The craft and gift outlet, located at 4210 Union Road in the Airport Plaza, was founded as the Union Road Garden Center in 1957, a small roadside garden and produce stand.

Over the years, founders Sigmund "Ziggy" Kucewicz and Louis Zon transformed the small seasonal business into Ziggy and Zons Center, a source of novelty wedding items. The business got a name change in the early 1980s to Ziggy and Zons World.

A second 20,000-square-foot location debuted in 1989 in the Seneca Square Plaza on Ridge Road in West Seneca. That same year, Ziggy & Zons received Marine Midland Bank's "Small Business of the Year" award.

The West Seneca store closed in 1993.

The popular local business fell on tough times in the early 1990s, filing for Chapter 11 bankruptcy protection in September 1994. At that time it listed liabilities of $311,178 against assets of between $500,000 and $1 million, according to documents filed with the bankruptcy court.

This month's closing of the original Airport Plaza location will affect about 20 employees.

Production problems shut GM plant
OKLAHOMA CITY (AP) -- General Motors suspended production today at its Oklahoma City assembly plant while engineers try to determine the cause of problems with some Chevrolet Malibu and Oldsmobile Cutlass cars coming off the line.

The temporary shutdown, which began with the day's first shift, affects about 2,500 workers.

"We're looking at a quality issue that was brought up during the startup of the '98s," GM spokesman Vince Muniga said Monday.

"We're trying to find out what the root cause is right now," he said. "We don't have the answer."

Muniga said no cars have been shipped. "We don't want any product out that has any quality concerns," he said.

Meanwhile, talks aimed at averting walkouts at GM parts plants in Michigan and Indiana continued Monday as a United Auto Workers strike deadlines drew closer.

Nynex reports improved service
ALBANY (AP) -- Nynex reported that it continued to improve its service over the last three months.

Nynex Monday reported a 23 percent drop in customer trouble calls, and a 29 percent drop in missed repair appointments in the second quarter of 1997. The utility also said reports of customer service outages lasting for more than a day were reduced by 29 percent.

Nynex made the claim in a report to state regulators required under a multi-year rate freeze deal that sets performance standards for the company.

Yields increase on Treasury bills
WASHINGTON (AP) -- Interest rates on short-term Treasury securities rose in Monday's auction to the highest level since June.

The Treasury Department sold $11.7 billion in three-month bills at an average discount rate of 5.11 percent, up from 5.05 percent last week.

Another $11.7 billion was sold in six-month bills at an average rate of 5.17 percent, up from 5.09 percent.

Separately, the Federal Reserve said the average yield for one-year Treasury bills rose to 5.56 percent last week from 5.54 percent last week.

In other business news
Camden Wire, which had considered closing its 60-year-old plant because of high energy costs, today said a deal with the state and Niagara Mohawk Power Corp. will keep the 280-employee plant in the Mohawk Valley region of central New York.

Wal-Mart Stores Inc. today said it will close 48 of its 61 Bud's Discount City stores because the no-frills outlets fell short of expectations. The closings will reduce second-quarter earnings by $40 million to $50 million. Most of the 1,000 to 1,500 employees at the affected stores will be offered jobs at nearby Wal-Mart or Sam's Clubs.

The Federal Reserve approved Bankers Trust's acquisition of Alex. Brown & Sons Inc., in what would be the biggest merger to take advantage of eased restrictions on banks getting into the brokerage business.

The Walt Disney Co. has acquired Mammoth Records, a Carrboro, N.C.-based company that has shown a flair for cultivating popular and profitable alternative bands on bare-bones budgets.

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