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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Dec 31, 1997
Page
4
New Yorkers delayed the rush until the last week, boosting sales 3 to 5 percent from 1996. Retailers gave the season a B minus, with profit targets met by many and bargain hunting after Christmas driving gift certificate redemptions during the sales tax free week.
Federal plan to revise access charges alters how local carriers fund long distance and subsidized services for schools and libraries. Beginning next year most homes with more than one line will pay an extra 15 per month per extra line, while many customers see total bills fall due to reduced long distance charges.
South Korean banks agreed to resume lending to exporters facing cash crunch as foreign lenders voiced support in New York. The move signals optimism over easing financial strain after exporters faced delays from tight credit, aiding Korea’s export driven economy.
Business news and stock data guidance directs users to NewsLine at 472-2111 with a category code. the message mentions stock quote portfolio.
Stores, malls, and banks began recovering after the massive snowstorm that shut down Tuesday. An estimated 100,000 to 150,000 workers were affected, with many employers delaying pay. Grocery chains like P&C DeWitt and Wegmans restocked by Wednesday, while malls including Carousel Center and Shoppingtown Camillus reopened as travel bans eased. Power and phone lines faced scattered outages. Niagara Mohawk and NYSEG reported outages and crews deployed to restore service.
Restaurants across the Syracuse area report sparse party bookings as the Fiesta Bowl game between Syracuse and Kansas State draws fans away from New Year’s Eve dinners. Empire Room at the State Fairgrounds and upscale spots like Lemon Grass, 238 Bistro, and Dante see fewer reservations while Inn Between in Camillus shifts to earlier seating amid expected crowd shifts and possible late arrivals.
Pall Corp promotes Donald B. Stevens Sr. to group vice president for global sales and marketing in filtration products and the new $4 billion municipal water division. Kenneth J. Scott joins SB Bank & Trust as vice president commercial lending in Syracuse after roles at On Bank & Trust and Manufacturer's Hanover. Patrick A. Mannion becomes CEO of Unity Mutual Life Insurance Co replacing John F. Mannion after 23 years. Unity Life marks its 95th anniversary in 1998 with about 300,000 policyholders and substantial assets and liabilities.
Elisa Rivera of Liverpool joins Pasquale & Bowers in Syracuse as lay assistant in the certified public accounting firm. telecommunication projects include Family Care Medical Group Dr Michael Paciorek Law Offices of Andrew Cappocla Newman Ladd Capital and Empire State Medical Foundation. Robert Twichell of Fayetteville becomes president of Onondaga Metropolitan Electrical Contractors Association Inc and owns RIT Electric. OMECA promotes safe electrical wiring in Onondaga County.
The Conference Board says its consumer confidence index rose to 134.5 in December from 128.1 in November, the highest since 1969, with strong employment and rising incomes fueling optimism about the economy and the long expansion. Economists warn rapid growth could intensify inflationary pressures into 1998.
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