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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Dec 22, 1999
Page
7
University Hospital and St. Joseph's Hospital Health Center will receive about 12.5 million in state funds as tax exempt loans to buy medical equipment. The same allocation includes 9.5 million for St. Joseph's and supports other local hospitals.
Janet Burman of Syracuse has been named the new district nominscriator of the Syracuse office and the state Workers' Camp. Burman is the Republican candidate for the Syracuse Common Council, the Onondaga County Legislature, and the state Senate.
Xcelera.com Inc shares rose over 26 percent after Bermuda holding company announced Hewlett Packard would invest 32 million dollars in Mirror Image Internet Inc. The deal provides HP servers and storage to boost availability and speed of client Internet content access.
President Clinton announced sweeping rules to cut auto pollution by about three quarters. SUVs will face car-like emissions standards and sulfur in fuel will be dramatically reduced under EPA plans, aiming to prevent thousands of asthma attacks nationwide.
Victor L Jenkins of Baldwinsville and M&T Investment Group earns Chartered Financial Consultant status after ten courses in financial planning investments and insurance and joins several professional groups. John M Torrens earns a third continuing education award from the American Speech-Language-Hearing Association after 70 hours post graduate study. Clare C Miller named executive office manager at Word-Wrights Inc. Syracuse gains three new board members Sanford A Belden Allen J Naple and Maryann M Winters from Community Bank N A HSBC Bank USA and Baasch Winters Breen respectively.
The Federal Reserve kept interest rates steady while stressing financial system stability through the year-end change. The FOMC signaled potential future rate hikes if inflationary pressures persist, with markets reacting differently as stocks rose and bond yields climbed on the news.
John Elway Michael Jordan and Wayne Gretzky join CBS Corp and Silicon Valley investors to launch MVP.com Inc an online sporting goods retailer aiming to go public next year. The venture backs a $80 million CBS marketing pact and a $120 million deal with SportsLinecom plus venture funding from Benchmark Capital and Freeman Spogli & Co.
Albany based Independent Wireless One signs network transition agreement to provide Sprint PCS service in Syracuse Cuca Rome and Albany plus parts of Vermont New Hampshire Western Massachusetts and Pennsylvania The move aims to extend nationwide wireless coverage through local partnerships while keeping Sprint operation standards intact Investors Investcorp and Independent Wireless One will hold 79 percent stake in the Albany firm for 135 million equity with 240 million financing. founders retain 21 percent.
Shoppers boost spending as two shopping days remain in the holiday season with malls closing early on Christmas Eve. Stores report strong activity regionwide led by music video home entertainment, jewelry, footwear, and perfume. Industry groups cite sustained gains across the nation and state with last minute shoppers, many male, driving brisk weeklies. A separate note mentions Montana Mills seeking a bakery site and Store Front news in Syracuse.
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