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Syracuse Herald Journal in Syracuse, New York

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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Dec 31, 1992

Page

12

Europe opens its market with little fanfare Friday

The European Community moves to a freer cross border flow of goods services money and people across 12 nations. Traders and consumers anticipate lower costs while borders remain for security and legal reasons. Officials note the shift is a process not a sudden change as a 1985 blueprint aims to erase trade barriers among Belgium Britain Denmark France Germany Greece Ireland Italy Luxembourg the Netherlands Portugal and Spain.

Europe Lugembourg Belgium U.S California Maine Leon Brittan Jan Rood Netherlands Clingendael Institute For International Affairs Zygmunt Tyszkiewicz European Employers’ Confederation UNICE Britain Denmark France Germany Greece Ireland Italy Luxembourg Portugal Spain

Air fare wars on the continent intensify across Europe

European carriers including Lufthansa KLM British Airways and SAS slash fares after deregulation. Lufthansa launches Welcome Europe with deep cuts to Germany from Europe while KLM offers Amsterdam to German airports at 104 dollars. Analysts foresee cheaper air travel for years as EC rules allow route choices and fare setting within limits until 1997.

Europe Frokko Tuin Amsterdam Kempen and Co. Investment Bank Lufthansa Germany KLM British Airways SAS U.S New York Newark N.J

Five U.S. steel producers accuse foreign rivals of dumping

Al Tech Specialty Steel, Armco Stainless & Alloy, Carpenter Technology, Republic Engineered Steels, Talley Metals Technology and the United Steelworkers petition federal agencies alleging Brazil France and India sell stainless steel wire rod in the United States at 17.8 to 48.8 percent below fair value. The Commerce Department and ITC will assess injury and could authorize quotas tariffs or other actions if harm is found.

Steelworkers Union Brazil France India U.S Commerce Department International Trade Commission al Tech Specialty Steel Dunkirk Armco Stainless & Alloy Products Baltimore Carpenter Technology, Corp Reading Epublic Engineered Steels Massillon Ohio Talley ‘Metals Technology Hartsville D.C United Steelworkers of America

Progress edition 1992 details and stock market rally

The 1992 Progress edition will appear Jan 31 in the Herald American, examining business in 1992 and 93 with a company data form available by calling 470-6018 and returning by Jan 4, 1993 to Ellen Miller in Syracuse. Stock prices rose in quiet year end trading as Nasdaq hit a new high and the Dow gained 10.26 to 3321.10 amid broad advances.

Herald American Ellen Miller Herald-Journal Business Section P.O. Box Syracuse N.Y New York Stock Exchange Alsociate

Four new firms join Syracuse Chamber center tenants

The S W Williams Business Center at 1201 BE Fayette St expanded to 35000 square feet in 1990 offering low rents and shared services to new ventures. New tenants include LaserTone Aqua Tox Research DHI Profiles with 83 percent occupancy overall.

Syracuse Chamber of Commerce S.W. Williams Business Center BE. Fayette St LaserTone Aqua Tox Research Inc DHI

Syracuse Stamping to be Saved by 700000 JDA Loan

Syracuse Stampings, an 84 year old manufacturer on South Clinton Street, receives a 700000 loan from the New York Job Development Authority plus 900000 SBA funding to be acquired by C M Industries of Syracuse. Christeen Reilly leads the purchase and plans to expand with new lines and plastic molding, potentially doubling local jobs.

Syracuse New York Job Development Authority Syracuse Stamping South Clinton Street U.S. Small Business Administration C.M. Industries of Syracuse Ltd C.M. Industries Christeen Reilly James Laurenzo Reilly

New York jobless rate falls to 7.8 percent in November

New York state unemployment declined for a second straight month to 7.8 percent in November as area jobless figures show improvement. In Syracuse the rate was 6.0 percent with 19,300 unemployed. Albany Buffalo Rochester Utica and Nassau areas also posted varied but lower rates while GM announced a Syracuse plant closure costing 1,250 jobs and Addis & Dey planned store shutdowns. The national rate was 7.0 percent.

New York State General Motors Syracuse IBM Thomas Rodick State Labor Department Addis & Dey New York City Albany Binghamton Area Buffalo Area Rochester Area Utica Rome Area Nassau County

Wages lag inflation as 1992 gains hit record lows

Labor Department figures show private pay rose 2.7 percent over the year ended September, the smallest rise since 1975. Inflation stayed above 3 percent in 1992, leaving workers across levels with wage gains failing to keep pace.

Labor Department U.S

Government orders new bottled water labeling rules

The FDA plans four regulations to require truthful labeling of bottled water and define terms like spring artesian and well. Rules set mineral content thresholds and prohibit contaminants while noting much bottled water originates from municipal sources. Long-delayed action follows congressional criticism and industry pushback as proposals move toward late 1993 implementation.

David Keasler Food and Drug Administration FDA Congress U.S Lisa Prats International Bottled Water Association John Dingell Dmich

Also Mentioned on This Page

The Associated Press Treasury William Timmons S.W. Williams Center Peter Hill Sars J David Melinsky Carl Frank Doherty Aquatox Research Inc Apni JDA James Ruckoff Small Business Administration State Dingell Prats
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