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Newspaper
New Castle News
Location
New Castle, Pennsylvania, United States of America
Date
Aug 16, 2000
Page
7
Hoteliers support a bigger David L. Lawrence Convention Center expansion and a new nearby hotel. The Greater Pittsburgh Hotel Association warns 750 extra rooms could trigger price wars downtown. Marriott is converting a 300 room property and Sheraton adding 100, lifting total rooms to about 3,300 with potential 750+ more.
Citizen Power, a regional watchdog group, will oppose the purchase of General Public Utilities by FirstEnergy. The group urged the Federal Energy Regulatory Commission to shield Ohio and Pennsylvania customers from reduced competition in the regional market. David Hughes, executive director, warned the buyout could lock in no competition for years.
Dennis Banks, longtime American Indian Movement figure, returns to Leech Lake Minnesota to launch Dennis Banks Wild Rice and Natural Organic Foods Co. The venture, focused on maple syrup and wild rice, aims to create jobs and tap national markets while Banks remains active with AIM. Local officials note high unemployment and poverty on the reservation, and supporters credit Banks with community development.
IVT Wyld Cy figures shown at 10:17 a.m. today list bid prices for over-the-counter stocks. Quotes supplied by the New Castle office of Parker Hunter Inc.
A look at the collapse in department store stocks amid a tepid boom. Federated debts from Fingerhut drag earnings. Saks splits from Proffitt’s to focus on luxury Saks Fifth Avenue. J C Penney hires Allen Questrom but faces Eckerd upheaval and ongoing reorganizations.
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