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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Aug 30, 2001
Page
9
Oneida Ltd announces a regular quarterly dividend of 5 cents per share on common stock and 3.75 cents per share on preferred stock. The dividend is payable Oct 1 to shareholders of record Oct 1. This marks the 263rd consecutive quarterly cash dividend on common shares spanning over 65 years.
Corning Inc officials said on Wednesday the company will eliminate 1,000 positions in its optical fiber unit citing demand for wool products and market conditions. The stock fell 79 cents to 1460 on the NYSE. Since the year’s start, Corning has announced about 8,000 job losses, roughly 20 percent of its global workforce.
Microsoft said it would drop ads for alcohol related gifts from MSN after criticism by the American Medical Association. The AMA cited a beer drinking games book, a microbrew kit, and party products promoted as care packages for homesick college students and called such items misdirected in light of underage drinking dangers.
Delta Air Lines flight attendants ask federal mediators to allow a representation election. The Association of Flight Attendants seeks to represent over 20,000 employees, with a threshold of 35 percent support required by the National Mediation Board to verify the vote.
Decatur faces further job cuts as Invermet Corp weighs closing part of its Decatur foundry, which makes automotive suspension and powertrain components. The move could eliminate more than 200 positions, with a decision to shut four machines expected by year end. Internet manager Mike Kelly gave no further details.
Wednesday report corrected to say National Grid would manage Alliance Transco instead of buying it. Federal regulators must approve the deal before any change in control occurs.
Syracuse officials press forward with a third HUD Empowerment Zone bid aiming to unlock tax credits bonds and grants for businesses in low income areas. The city seeks letters of support from local business owners and will hold a public hearing at City Hall while targeting a September HUD deadline.
Carrier Corp will cut 61 hourly positions across its DeWitt plant as it relocates FAST Parts and Replacement Components warehousing from La Vergne Tennessee to Syracuse. The move aims to improve efficiency while 25 new ICP division jobs are created over the next year, with callbacks possible for laid off workers based on seniority. The staged warehouse move is slated to finish by year end 2002.
An Associated Press poll shows Americans lean toward unions in labor disputes by about two to one as Labor Day nears 2001. Democrats back unions 2 to 1 and independents 2 to 0, with younger adults more supportive, despite union membership at a six decade low of 13.5 percent. The poll surveyed 1,010 people Aug 22 to Aug 27 with a 3 point margin.
An Associated Press labor poll from August 22 26 surveyed 1010 adults nationwide excluding Alaska and Hawaii. About one third say unions are too strong, another third say they are powerful enough, with Florida resident Michael Morrison noting a balanced strength and Linda Schaenzer of New Hampshire criticizing union political spending.
gasoline costs average 14.55 a gallon nationwide, with Central New York around 14.07 to 14.99 amid regional variance. Prices fell from July and Labor Day 2000 levels while AAA projects 33.2 million Americans will travel 50 miles or more, up 2 percent from last year.
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