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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Aug 25, 1999
Page
7
Metafilmics announces production of The Quantum Project for initial World Wide Web release. The firm, known for What Dreams May Come, says the project marks an early Internet based feature with high visual effects.
Insurers across multiple states face lawsuits alleging use of imitation parts not built to factory specs. Plaintiffs claim aftermarket components fail to restore vehicles to original condition, with State Farm already in trial and Allstate Geico Matsonur Farmers Group among defendants in related actions.
Rumors claim Carrier may cut about 370 jobs at its DeWitt campus, sparking a union call for a meeting to confirm or deny plans for TR-2 operations. Officials say the company won’t comment on rumors, but will listen to the union and consider possible changes to TR-2 and surrounding facilities.
The yen's rise signals growing confidence in Japan as exporters face less threat. Bank One Corp warned 1999 earnings may fall short of Wall Street expectations by up to 4 percent due to slower growth in its credit card unit, with operating earnings per share seen between 2.60 and 3.85 dollars.
Patricia Hartey Deferio named managed care contracts manager at University Hospital of the State University of New York Health Science Center Syracuse. She previously ran outpatient billing and served as Norther Syracuse OB GY business officer supervisor. Lawrence Vertucci joins Cayuga Bank as member vice president and chief credit officer. John J. Hatey named assistant director of campus activities at Le Moyne College after roles at SUNY Morrisville.
Nutri Mart moves up hill to 4879 South Ave Onondaga Hill near Hubbell's site as Eckerd moves in. Laura Light expands offerings adding pizza deli and vegan options while planning breads and chili as summer ends. Wegmans opens in New Jersey prototype with Syracuse Hofmann sausages. All-Star Sportscards to open Carousel Center spot by Sept 15.
Structural Associates Inc of East Syracuse secured an $8 million contract to upgrade 400,000 square feet of aircraft parking at the 174th Fighter Wing base. The project includes six aircraft shelters, a new storm drainage system, a de icing pad and a wider taxiway to handle large aircraft. Col. Robert A Knauff praised the upgrade for better fighter operations and faster cargo loading during deployments.
The Federal Reserve lifted the federal funds rate by a quarter point to 6.25 percent, signaling further inflation control. Analysts foresee higher prime lending rates and costs for auto loans, credit cards, and home equity loans, while savers may benefit from higher CDs.
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