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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Feb 27, 2001
Page
10
NiMo reported a balance owed as of April 18 linked to the 600 room downtown Stra- Case hotel. The hotel allegedly owed $240,953.95 for ebateee costs from April 9 to July 5. Officials would not say if service shut offs endanger the hotel.
A Manpower Inc poll of 102 Syracuse area employers shows 3 percent plan to add workers in the second quarter of 2001 while 10 percent expect cuts and 50 percent will hold steady. A net 28 percent rise in overall hiring is anticipated, led by durable goods manufacturing, transportation and utilities, services and public administration.
The Commerce Department said orders for durable goods dropped 6.0 percent in January to a seasonally adjusted $202 billion, the lowest since June 1999. The decline was led by a sharp drop in demand for airplanes and electronics, with analysts predicting a smaller decrease.
Na ar B Andrew Baldwin joins Downtown Committee of Syracuse as economic development specialist. Baldwin was a former PricewaterhouseCoopers consultant in Washington, D.C. Suzan E Babner-Hariff of MediaMar Con appears in 2001 Who's Who in American Women. Betty Ann Kram named press relations at INFICON En e. Marcus M. Burdick becomes tax manager at Grimaldi & Associates. Vincent E. Mi joins Aldi & Associates ESmart as accountant.
Union says 650 of 955 workers at the Wolf Street plant will face cuts as management cites a downturn in business and shifting work to India and China. Company plans reductions across departments with some exemptions for maintenance and building staff. Officials expect possible rehiring in June.
DaimlerChrysler AG outlines a $3.9 billion turnaround for Chrysler to return to profitability, aiming for U.S. auto sales around 16 million annually over the next three years, despite a $1.3 billion quarterly loss and 26,000 jobs to be cut. Executives emphasize milestones but warn execution is key amid weak market demand and prior missteps.
Syracuse Industrial Development Agencies approved a 210000 loan to Hanover Square Lofts LLC to renovate four Hanover Square buildings into 70 loft apartments and create first-floor commercial space. The plan is part of a 2.54 million Hanover Square redevelopment with multiple public funds and grants supporting the overall project.
The National Association of Realtors cites January existing single family home sales at 289000, up 4.7 percent from a year earlier, with national median price up about 4 percent. In Syracuse Onondaga County sales lagged year over year but prices rose to 76500, while mortgage rates eased to 7.03 percent for a 30-year loan before small recent upticks.
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