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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Aug 26, 1999
Page
5
Banks moved quickly to raise prime lending rates by a quarter point following the Federal Reserve action. KeyCorp Fleet Bank and M&T Bank increased their primes to 8.25 percent from 9 percent as the Fed also lifted its federal funds and discount rates by a quarter point to curb inflation.
Carrier Corp lays out three options for the Replacement Component Division in DeWitt risking 370 local jobs. The options include closing the division and moving work elsewhere or shifting it to another firm, or keeping it running. A decision is due within a month as union officials press to participate.
The board of directors of Oneida Ltd on Wednesday declared a regular quarterly dividend of 10 cents per share on common and preferred stock. The dividend is payable September 30 to stockholders of record September 10.
Public employee unions protest at the New York State Fair opening. Civil Service Employees Association members wear red shirts reading Contract Fight as Gov Pataki cuts the ribbon. More than 1,000 Public Employees Federation members plan to attend.
The Dow Jones industrials closed at 4,326.04, up 42.74, after another record in a week. Investors expect the latest rate increase to support growth without runaway inflation amid a buoyant market.
The article notes growing welding opportunities in manufacturing, maintenance, repair and construction in Central New York. Training at Onondaga Cortland Mason BOCES and Central Technical Vocational Center prepares three levels of welding, with state certification tests available. Entry salaries begin around 21 500 to 28 000, rising to 42 000 to 70 000 for highly skilled welders, with emphasis on computer controlled processes and safety.
Shop City Real Estate of Connecticut purchased Shop City, a 232000 square foot shopping center at Grant Boulevard and Teall Avenue, from the Muserlian and Fageahic families for 16.2 million. The center opened in 1954, modernized through the 1990s, and anchors include Ames Department Store and Chappell’s with several outparcels and tenants. The new owners plan to maintain current tenants and seek new ones, citing strong location and remodel history.
Former Syracuse supermarket chief Phillip E. Hawkins and wife Paula sold their Skaneateles estate for 810000 after buying for 960000 in 1997 and listing last year for 1200000. Hawkins earned 2300000 to join Penn Traffic in 1997 and left after 16 months amid bankruptcy and leadership changes.
Leslie Rose McDonald of Pathfinders Career Transition Services offers tips to break routines and improve creativity at work. The piece suggests altering daily patterns such as parking, commuting, dining choices, and meeting habits to open the mind to new ideas and collaboration.
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