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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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