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I BUSINESS
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Personalized Service, No Tellers or Lines
PLUS Highly Competitive Rates
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El Al Posts
'88 Profit
ANNUAL YIELD*
New York — El Al Israel
Airlines, Israel's national car-
rier, reported its third con-
secutive net annual profit
totalling $18.8 million for
fiscal 1988, despite initial
projections of a loss due to an
overall dip in tourism
Revenues were $666.7
million, with operating pro-
fits net at $26 million before
interest costs. El Al carried
1.553 million passengers, a
decrease of 9 percent compred
with the previous year.
$10,000 Minimum Balance
$30,000 and Over
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1700 N. Woodward
Bloomfield Hills
258-5300
Lone Pine
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1
CALL: 358-8020, 358-8068
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Southfield, MI 48075
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youl izonzE nEE.d
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FRIDAY, JUNE 16, 1989
855-4464
Hunters Square • Farmington Hills
George
Ohrenstein
Jewelers Ltd.
• Certified Gemologist
• American Gem Society
HARVARD ROW MALL
The Bright Idea:
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Contemporary
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BRANCH LOCATION
Lahser and 11 Mile Rd.
353 - 3146
THE JEWISH NEWS
N' . 1 ., F1P/ DEDICATED TO
*4 ..• KNOWLEDGE. ETHICS
AND CONSUMER PROTECTION.
Investor
Saves Firm
Jerusalem — A $25 million
cash infusion by an unnamed
American Jewish investor
seems to have saved the
Carmel Carpet Co., the prin-
cipal employer in the
township of Or Akiva, near
Hadera.
The firm, some $40 million
in debt to the banks and verg-
ing on bankruptcy, is owned
by Avraham Shapira, a
former Knesset member of
the Orthodox Agudt Israel
party.
Its American savior is
reported to be an Orthodox
Jew.
News of the deal was a relief
to employees and creditors
alike. Production, which had
been cut back, will be resum-
ed and back wages are ex-
pected to be paid.
The banks that loaned
money to Carmel will be
repaid over a period of years.
KEITH CRAINE will be
speaking to the Real Estate
Roundtable at Glen Oaks
Country Club on Wednesday
at 5:50 p.m.
C.C. SUTTMANN has joined
Packaging Concepts and
Design, formerly Bader Bag
Co., as sales director.
THE JEWISH ENTRE-
PRENEURS OF MICHI-
GAN J.E.M., will hold
its lunch/lecture on Wednes-
day at the Berkshire Hotel
in Southfield from 12:30-
1:30 p.m. Guest speaker will
be Attorney General Frank J.
Kelley.
SHERRIE A. WEITZMAN
has joined the Berline Group
as account supervisor. Prior
to joining The Berline Group,
Weitzman was a senior ac-
count executive at Ross Roy.
Before that, she was an ac-
count supervisor with D'Arcy,
Masius, Benton and Bowles.
I LOCAL NEWS)
Actor Will Entertain
At B'nai David Event
Stephen Dubov, Broadway
actor and singer, will appear
at the Congregation B'nai
David Israel Bond tribute din-
ner to be held 6 p.m. June 27
in the synagogue's social hall.
Dubov has been seen in the
hit Broadway musicals
Shenandoah and The Most
Happy Fella and has toured
nationally with Zorba and
The Pirates of Penzance.
He has performed in Atlan-
tic City and in Las Vegas, and
has appeared in many major
Hollywood films, including
Saturday Night Fever, Kramer
vs. Kramer and Fatal
Attraction.
Additionally, Dubov has
served as a cantor in Florida,
New York and New Jersey,
and has just completed a one-
year program of cantorial
singing at the Hebrew Union
College in Jerusalem.
Honored at the dinner will
be the entire sisterhood of
B'nai David, comprised of
200-plus members, which will
be cited for its past and pre-
sent contributions to the
synagogue and the communi-
Stephen Dubov
ty. The sisterhood will be the
collective recipient of the
State of Israel's Tower of
David Award; additionally, an
inscribed Israel Scroll of
Honor will be presented to
each current sisterhood
member.
Tillie Brandwine is dinner
chairman; Irving Belinsky,
Morris Brandwine and Mike
Must are host committee
chairmen.