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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Apr 17, 2001
Page
6
Crouse-Hinds plans to cut 18 manufacturing mage positions in Syracuse. The move targets staff amid cost reductions and ongoing restructuring in the WETs sector.
The Federal Reserve reports industrial production up 0.4 percent in March as factories utilities and mines increase. February saw a 0.6 percent fall marking the fifth straight monthly decline with mixed results across sectors.
Cisco Systems announced disappointing results as the global economic slowdown drags down demand. The company forecast quarterly sales around 47 billion, about 30 percent below the prior three months, and warned of no quick rebound with another decline expected through July 31.
William Patrick of Cicero is promoted to vice president of finance and business systems at Sage with responsibility for all financial aspects of the firm. Donna Ricciardi becomes account executive at Sage, aiding strategy goals for marketing communications. Susan M. Gaffney of North Syracuse advances to accounting assistant at Erie Mower and Associates in Syracuse, handling accounting support. Gerard Byrne of Skenea teles named member of the American Angus Association, the cattle registry body.
New York Attorney General Spitzer calls for anti gouging legislation to curb high milk prices. He cites a proposed reform to focus on what retailers charge consumers rather than wholesale rates, arguing current law allows unfair pricing by processors. Critics say existing rules keep dairy costs in check by limiting factoring of packaging and distribution.
Leland W Langworthy, 71, reached a half century with Carrier Corp at the DeWitt site, testing and examining metals for air conditioning and coal units while drafting material specifications. He recalls starting with slide rules and a simple microscope, now works amid electron microscopes and metal alloys, planning to keep working.
Unionists will vote this month to merge SEIU Local 200 with Local 1199 Upstate to create Local 200 United, uniting 11 000 workers from Hudson Valley to Buffalo. The merged union will cover school cafeteria, cleaning, transit, and service workers across Upstate and at VA hospitals, expanding bargaining power and political influence.
First Union Corp will acquire Wachovia Corp in a 13.1 billion stock deal to form the nation’s fourth biggest bank with 324 billion in assets. The merger targets cost cuts and culture blending while analysts warn integration may slow and the premium is slim. Ken Thompson will lead the combined entity, with Rex Nugent as chair of Wachovia.
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