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Published April 25, 1996
Republic Industries reported near tripling of first-quarter profits, the result of WAYNE HUIZENGA taking control and beginning an expansion drive (Ft. Lauderdale SUN-SENTINEL, 4/24)....Federal search warrants indicate Earl Nolton Jr., ALONZO MOUNRING's cousin who was arrested at Mourning's home last week, used Mourning's car, cellular phone and home to make drug deals and hide drug money. Mourning is not a target of any investigation (WASHINGTON TIMES, 4/25)....WASHINGTON POST business columnist Rudolph Pyatt examines the new-found relationship between Bullets/Caps Owner ABE POLLIN and BET President ROBERT JOHNSON. Pyatt writes, "Monday's meeting marked the beginning of a cooling-off period for Johnson and Pollin. They now realize they can do business in a mutually beneficial way. Entering into a formal business deal is just a matter of what and when" (WASHINGTON POST, 4/25).