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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Apr 13, 2001
Page
10
A survey shows inventories recording the largest increase in nearly five years with stronger than expected gains across sectors. US business activity improves as firms rebuild stocks while consumer demand steadies, signaling a potential shift in the year's outlook.
The Anheuser Busch brewery ranks among the EPA top 10 for 1999 pollution releases. It reported 2.6 million pounds of surface compounds from decaying matter entering waterways, with Bristol-Myers Squibb East Syracuse also appearing on the top 20.
First Niagara Financial, parent of Cayuga Bank and Cortland Savings Bank, posted net income of 4.7 million in the first quarter of 2001, unchanged from a year earlier. On a cash basis, net income rose 17 percent from 5.1 million in Q1 2000 to 6 million in the current period. Revenue for the quarter was 35.6 billion, down from 36.4 billion a year earlier.
Disney World ended its short hiring freeze and will hire up to 1000 hourly workers for the upcoming peak summer season. Job fairs are set at the casting center on May 18 and 19, announced by Wendy Crudele, director of casting.
Kelly joined as partner and later became the 25 associate partner in 1999 while leading Continuum Partners. Kulesa joins Practice Resources LLC in Syracuse handling statements and corporate policies and overseeing payable activities after prior work with Capital Environmental Resources Inc. McKeigue named development coordinator at Practice Resources LLC with prior roles in admin and training. Janet Halliday joins as procedural code specialist for medical code auditing across multiple departments. Gary Seark named VP for research at Perry’s Ice Cream. previously corporate director of tech services at Crowley Foods. Susan Royer is noted as a Cornell graduate.
Siena Research Institute survey shows 66 percent support building new power plants while 71 percent refuse to accept environmental declines for more electricity. Only 33 percent say New York has an energy policy. 40 percent say no. Public worry mirrors national and state leadership concerns over deregulation and potential shortages.
Former senator Daniel Moynihan urged early reform including voluntary savings accounts and simplified measures, warning Social Security could face a 2016 deficit. He spoke at Hendricks Chapel to about 250 attendees, noting reduced saving rates from 10 percent in the 1980s to minus 1 percent today. He suggested Clinton health care proposals were too complex and that Washington may consider Moynihan for a reform commission.
OnTrack will operate only Fridays through Sundays this summer to reduce a $100,000 annual deficit. The change, requested by OnTrack Vice President Nathan R. Fenno and approved by the Onondaga County Industrial Development Agency, aims to lower costs as Syracuse University students are away. The shuttle will still run 232 days a year to meet the tax agreement minimums.
In Utica court, lawyers for banks owed money by Bennett companies argued the term Ponzi in a proposed creditors disclosure statement is disputed. Judge adjourned the hearing on May 1 as Patrick R. Bennett, serving a federal sentence for securities fraud, appeals.
Constellation Brands outlines a 2-for-1 stock split while posting higher fiscal 2001 earnings and 2001 net sales. Fourth quarter net sales reached 544 million, annual sales 2.4 billion, with earnings up to 97.3 million for 2001 and expected quarterly EPS of 1.06 to 1.12.
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