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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Aug 06, 1998
Page
6
Consumers seek value estimates from Kelley Blue Book Edmunds Pace Price Guide and NADA list prices from auto auctions. Localized figures hinge on make model year mileage and condition with phone and online options offering comparable data. Kenn Peters reports in the Syracuse Auto section.
Cooper Industries Inc parent of Crouse-Hinds will buy back up to 500 million dollars of stock to exit the automotive products business. The program aims to lift earnings per share by reducing shares outstanding and covers about 8 percent of Cooper's 12.5 million shares.
Wireless growth drives Anaren Microwave Inc to a record fourth quarter with earnings up 70 percent from 1997. President and CEO Lawrence A Sala calls it the biggest year ever as revenues and net income set records. The workforce rose from 175 two years ago to 300.
About 220 Anaren Microwave Inc. employees in East Syracuse will take Friday off to volunteer 8 a.m. to noon, followed by a company picnic and a grand finale bonus checks distribution. The event showcases the firm’s shift from military contracts to commercial markets while noting strong fiscal 1998 results with net sales up 50 percent to 374 million and operating earnings at 56 million.
New York stocks finished higher after a volatile session, with the Dow up 59.47 points to 8,546.78 as traders sought clarity after Tuesday's 300-point plunge. Volume topped 1 billion shares, while analysts warned the market remained vulnerable and questions lingered on fundamentals. John Lynch of Interstate/Johnson Lane cautioned investors whether yesterday's drop reflected psychology or changes in fundamentals.
The World Wrestling Federation purchased the Debbie Reynolds Hotel and Casino for 9 million dollars as 6 acres of land near the Strip. Reynolds called the sale a sad ending after six years of effort and pledged to look forward.
Mark Murphy of Liverpool was named director of home health care services at St Joseph's Certified Home Health Care Agency. He will oversee term planning and ensure quality home care. Onondaga Community College elected Anne Messenger as chair and Connie Whitton as vice chair. Saunders Barnett Reyes named secretary amid nurses of distinction recognition. Four nurses honored during National Nurses Week, including Mary Oliver, Carlene Kohanek, and Clay Stockbridge. Design contracts awarded to Omege Design Architects for stores in Shoppingtown Mall and Wilton Mall. KJ Electric named distributor of the year by Danfoss Electronic Drives. George awarded $311,000 weatherization contract at public housing authority in Kinston, NC.
Oswego County dairy publisher sold to Multi Ag Media LLC, owner of Farm Market ID. HFW Communications will handle administration from Sandy Creek and may hire a few more staff. The combined firms expect about five million dollars in annual sales and plan to launch or acquire two new publications to cover the Northeast and South regions. Hastings remains president.
Negotiations between union workers and regional phone giants Bell Atlantic and BellSouth stalled over contract differences. About 120,000 workers in the Southeast could strike Sunday if no agreement is reached, with Bell Atlantic proposing to hire more nonunion workers for roles currently held by union members.
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