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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Dec 28, 1994
Page
5
Mexican business leaders express concern as the peso falls sharply against the dollar following the January 1 launch of the American Free Trade Agreement. Investors both at home and abroad grow uneasy about Mexico's economic outlook and foreign confidence amid the ongoing reforms.
Fay's Drug Stores recalls imported Spt of Christmas 200 Super Brite Lights sold between November 14 and December 21. Fire hazard linked to model. identify via stem number on box or TL number on tag. Lights sold for about 13.99 each. customers with questions call Fay's at 313-151-8000 extension 2294.
PAR Microsystems Corp. received an $8 million order from Taco Bell Corp. for computerized cash registers. The enablement follows a September 2312 million order and most systems are to ship in early 1998. PAR Microsystems is a subsidiary of PAR Technology Corp. of New Hartford.
Daryl R. Forsythe named president and chief executive officer of NBT Bancorp Inc. He has served as NBT director since 1992 and most recently led BF Goodrich Aerospace Engine Electrical Systems Division in Norwich. NBT oversees The National Bank and Trust Co. of Norwich with 37 offices across Central and Northern New York.
Stocks rallied on light volume as investors shifted away from foreign markets amid the Mexican peso’s sharp decline. The Dow Jones Industrial Average stood at 3,861.69 while U.S. markets bucked the trend with several Mexican issues trading sharply lower.
Book-em Productions of 2453 Robinson Road Chittenango run by Dennis Wayne, a two employee firm, makes badges patches pins and imprinted glassware and pens for police and fire departments. With clients including the FBI US Marshals NYSP and Police Conference of New York the firm aims to expand retail to the public within five years while continuing to serve law enforcement markets.
After a rough 1994 on Capitol Hill labor unions expect a harder 1993 with fewer Democratic allies as Republicans take control. Top priorities falter despite lobbying while leaders vow dialogue with Republicans and hope for a possible coalition to pass their legislative agenda. Ron Carey says unions will press on though challenges grow. Larry Sabato notes a new coalition may be required.
A monthly national survey reports findings from five thousand U S households covering attitudes and habits on household energy use and environmental awareness. Results highlight shifts in spending and perception of climate issues among urban and rural respondents.
The Conference Board reports December consumer sentiment at 102.2 the strongest since 1990 while housing slows as the National Association of Realtors notes a 2.6 percent November drop to a 3.81 million annual pace the weakest since June 1993 indicating rising rates begin to bite.
Arnold Poltensan joined Hospice of Central New York as director of demonstration and PR. Edward W. Furze of Syracuse was named resource development director for the Boys and Girls Club of Syracuse. Kathy Barany was promoted to manager of human resources at Klann Manufacturing Corp in Syracuse, a Torrington and Ingersoll Rand subsidiary. Karen Showden, a financial insurance consultant from Liverpool, earned the National Association of Fraternal Life Counsellors quality service award and is linked to Lutheran Brotherhood Bruce Parker Agency in Fairport.
The Alfred Signal Retirees Club announced two year terms for officers Fred Capell president William Slattery vice president James Finan treasurer and Frank Mariano secretary. Trustees named Bruno Davia John Capone Tom Casey and Harlan Nicolin. Sergeants at arms Joseph Bancher and Ralph Comatti were also elected.
The Herald-Journal promotes a free stock quotation hotline for NYSE AMEX and NASDAQ listings. Call NewsLine at 472-2111, enter category 9988 for quotes and 9989 for directions, with around the clock service.
A tentative settlement with J C Penney Co Inc would cost up to 880 million to current and former workers. The plan uses a formula that reduced benefits by Social Security estimates, affecting up to about 35 000 employees mainly those who started in late career years. The case began with Forbush and Rhodes, certified as a class in 1993, now receiving preliminary court approval in Dallas.
The 1994 and 1995 business outlook feature will publish January 23 in the Herald American. Prospective advertisers should contact Susan Royal at 470 6018 to receive a form detailing required company information and return it by January 3, 1995. Late submissions are not accepted.
The St. Lawrence Seaway will close today ending one of its busiest seasons. The Malinska is expected to exit into the Atlantic with 24,000 tons bound for Turkey. Through December 14, 1994, the Montreal to Lake Ontario route handled 2,745 vessels, up 23 percent, and ocean vessel traffic rose 40 percent from 873 to 1,218.
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