Norstar to Acquire Syracuse Savings Bank in NY
Albany based Norstar Bancorp plans to buy Syracuse Savings Bank for 1.2 billion and invest 100 million to stabilize the city’s oldest bank. Norstar will run it as a savings bank for at least 18 months and may convert regional banks to savings institutions later.
MENTIONED IN THIS ARTICLE
Norstar Bancorp
Syracuse Savings Bank
Norstar
Syracuse Savings
Norstar Bank of
Central New York
Thomas W. Lucey
Lucey
Norstar Bank
Buffalo
Lacey
Syracuse-area
Bank of New York
Savings Bank
FDIC
Atlantic City
Syrian troops poised to halt Beirut battle
About 4000 Syrian troops with tanks and armored personnel carriers were ready to enter west Beirut to end a week of factional fighting that killed at least 200. Heavy sniper fire lingered in several districts while Shiite Amal and Druse allied forces faced Lebanese Communist Party fighters. Syria, already a key power broker with 25,000 troops in Lebanon, coordinated the intervention after talks in Damascus.
MENTIONED IN THIS ARTICLE
Beirut
Lebanon
West Beirut
Tarik Jedideh
Karakol Druse
The
Arab University
Rashid Karama
Hamra
Morr Tower
Shutembhha
Shite
Bourj el-Barajneh
United Nations
Amal
Nabyh Berri
Walid Jumblatt
Druse
Lebanese Communist Party
George Jawi
Hafez Assad
Damascus
Syria
Safar
Cuomo Proposes 1.7 Billion Tax Cut In Five Years
Governor Mario Cuomo pushes a 1.7 billion personal income tax cut over five years starting 1988 as part of a 3.4 billion package. He argues windfall offsets from federal tax changes justify the plan while Republicans predict a larger windfall and press for broader reductions ahead of the 1987 88 budget talks.
MENTIONED IN THIS ARTICLE
Albany
Mario Cuomo
Senate
Cuomo
Department of Taxation and Finance
U S seeks to halt decline of the dollar in Paris
Treasury Secretary James Baker and Federal Reserve Chair Paul Volcker travel with U S and Japanese officials to a secret G 5 meeting in Paris to stabilize the dollar amid a weak trend against the yen and mark, while Bank of Japan moves to cut rates to 2.5 percent to steady the yen. West Germany plans to push for early tax cuts to spur growth and absorb imports from the Third World.
MENTIONED IN THIS ARTICLE
Federal Reserve
Paul Volker
France
Japan
West Germany
Great Britain
Group of Five
G-5
Georges Ibrahim Abdallah
Abdallah
Group of Seven
Canada
Italy
Baker
United States
United
Bank of Japan
Cuomo seeks tax cuts across top rates and exemptions
Gov Mario Cuomo proposes lowering the top earned income tax rate from 8 percent to 8 percent. The top rate on unearned income would drop to 11 percent. Personal exemptions rise from $900 to $1,200 annually. Brackets would be stretched to reduce the number of taxpayers in higher tiers.
MENTIONED IN THIS ARTICLE
Mario Guomo
Soviets to Resume Nuclear Tests in Coming Days
The Soviet Union plans to restart underground nuclear tests within days and ordered American scientists to shut down monitoring gear at the main test site. monitors were told to keep equipment off for at least three days. This would be the first explosion since August 1985 when Moscow ended a unilateral moratorium.
MENTIONED IN THIS ARTICLE
Moscow
Soviet Union
U.S
Jacob Scherr
U.S. Natural Resources Defense Council
Karkaralinsk
Kazakhstan
Kremlin
Weekend Weather Update With Warmer Sunday Forecast
Partly cloudy tonight with light variable winds. Mixed skies and warmer Sunday with highs around 40. Tonight's low in the teens. Details: A2. News: 470-2265 Circulation: 470-0050.
Reagan aides deny cover-up over Iran Contra affair
White House spokesman Marlin Fitzwater said the president had no involvement in a cover-up and suggested no knowledge of actions by other officials. The report notes Walsh and Byrd alleging obstruction and deceit, while detailing CIA and State actions linked to Iran and Libya, with discussion of a Tower Commission chronology and North Poindexter deception.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Marlin Fitzwater
White House
Fitzwater
Lawrence Walsh
Chicago Tribune
Walsh
Senate
Robert C. Byrd
Los Angeles Times
Byrd
Amd
Mideast
U.S
Iran
Nicaragua
TWA
Beirut
CIA
State Department
Libya
Muammar Gaddafi
Tower Commission
Herbert Hetu
CSA
National Security Council
Commission
NSC
National Security
John Poindexter
Oliver North
Fantasy Land
CBS News
Also Mentioned on This Page
Norstar Bank of Central
A-Journal
Staphan C. Gan
Thomas W. LIII
Begun
Friday
Sharansky
Avital
Associated Press
New York
Natan Sharansky
Josef Begun
United Press Inter
Paris
U.S. Treasury
James Baker
Todlay
Ane
zZieyr
Aide
Europe
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