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Syracuse Herald Journal in Syracuse, New York

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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Jan 04, 1995

Page

3

Byrne Dairy to open doughnut bakery concept store

Syracuse chain Byrne Dairy prepares a Route 31 concept store in Cicero featuring a full doughnut bakery and ice cream shop with deli sandwiches and coffee. The 3600 square foot store tops most locales and signals future expansions while other area malls report seasonal closures and new eateries.

Byrne Cicero Getlng Route 31 Lestour St Shelby Mark Byrne Byrne Dairy Onondaga Bo

Stock Quote Hotline Offers 24 Hour Access

The Herald Journal announces a free stock quotation hotline with 24 7 access for NYSE AMEX and NASDAQ quotes. Call NewsLine at 472 2111 and enter category 9988 for quotations and 9989 for directions.

Herald-Journal

Pro Water Inc Expands Toward Franchising and Exports

Pro Water Inc a Syracuse based maker of water treatment equipment with Water Warehouse as its retail arm seeks national franchising and increased exports. Owner Lyle Termit highlights five years in business two acquisitions and a heavy focus on research and development to build an environmental friendly product line. The company plans to hire more space and pursue international contracts while expanding B2B sales.

Pro Water Inc Walter Drive Syracuse Lyle Termit Pro Water Carl Star Prarograys Lyle Terrill

ONBANCorp Sells Mortgage Servicing Rights to Maine Bank

ONBANCorp sold the servicing rights to about 3 000 home loans to Peoples Heritage Bank of Portland, Maine. The deal affected roughly $250 million in ONBANCorp originated loans in Upstate New York and represented about one sixth of its servicing business. The price was not disclosed. analyst estimates exceed several million dollars. Borrowers face only a new payment address, with notices likely already sent. ONBANCorp, with three banks and about 100 offices, indicated the sale does not relate to the bank's securities sales.

Syracuse Onbancorp Maine Mary Quinn Keefe Bruyette & Woods Peoples Heritage Bank Portland Peoples New York Robert J Berger Berger Qnbancorp Quinn OnBank & Trust Co OnBank Upstate New York Franklin First Savings Bank Pennsylvania

Satellite radio proposal would reach nationwide car listeners

Regulators weigh satellite delivered radio that would blanket the nation with digital channels. The FCC plans a January 12 decision on moving forward. The industry warns local stations could die and drivers would need a special receiver and antenna to tap the service, whether in Pine Bluff Arkansas or Los Angeles.

Federal Communications Commission Pine Bluff Ark Los Angeles

VoicePrint Lets Photos Speak In Framed Keepsakes

Qualex Inc a Kodak unit of Durham NC unveiled VoicePrint a talking photo frame with a memory chip that plays a 10 second message from a 5 by 7 inch enlargement. Sold through Fay's Rite Aid Tops and Kinney in eight markets with nationwide rollout by April. Batteries power the chip for about 200 plays and recording survives battery changes. Retail price 17.99.

Qualex Inc Durham Eastman Kodak Co VoicePrint Grandma Cuddles Loo Syracuse Qualex Commerce Blvd Liverpool Paul Hoernschemeyer Quatex Hoernschemeyer

Syracuse executives elect officers and honor volunteers

Butch Braun becomes art director at Latorra Paul McCann Inc in Syracuse. Cayuga Tree Service president A Christopher Sandstrom is named president of the Syracuse Executives Association Inc along with a listed board including Gary Zausmer Kathi Roger Jules Fried and Ron Woyton. Jean Daugherty receives 1994 President Award for Volunteers and Lifetime Achievement from Key Bank of New York. Ronald P Klein named senior investigator at Key Bank of New York covering Syracuse Watertown and Pittsburgh areas.

Butch Braun Syracuse Latorra, Paul & McCann Inc Gary Zausmer Zausmer Fnsch Associates Kathi Roger St Lawrence International Executive Placement Agency Jules Fried Jean Daugherty Key Bank of New York Ronald P. Klein Clay

Mexican plan stirs little support amid peso crisis

President Ernesto Zedillo unveiled emergency wage and price controls and budget cuts after talks with business groups and unions. The peso slid from 49.25 to 53.25 per dollar, with a nearly 30 percent drop in two weeks. Officials warned of painful effects, while traders questioned the plan’s clarity and effectiveness. Inflation was projected at 16 percent for 1995, though labeled transitory.

Ernesto Zedillo Zedillo Congress Marta Alcantara Mexico City New York Jean van de Walle Alliance Capital Management

Mexico plans stable peso via wage cap and reforms

Details of the Mexican government plan announced Tuesday aim to curb peso devaluation and inflation risk while restoring investor confidence. It calls for an “extraordinary” effort to limit wage growth, a 7 percent raise cap for 1995, tax relief for low earners, privatization of state firms, and price changes kept below peso depreciation. The package also seeks to reduce reliance on foreign investment and borrowing to fund the trade gap. Source: Government of Mereca.

Governent Mexico

Peso trader burns Chemical Bank losses hit 70 million

Chemical Bank’s unit suffered a 70 million pre tax loss in Q4 due to a foreign currency trader’s bets on the Mexican peso. The trader allegedly violated risk limits and concealed actions. After tax impact is about 40 million. A single trader caused the hit, and sources say the individual was fired.

Chemical Banking Corp Chemical Chemcal John Meyers

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