Bennett investors seek replacement of trustee Breeden in Bennett case
Halo Group spokesman Henry Schaeffer says 113 holders of Bennett creditors want Richard C. Breeden removed as Chapter 11 trustee to refocus Bennett on rebuilding debt-free operations. Federal investigators accuse Bennett Funding Group of a Ponzi scheme, with Breeden claiming few fraud-tainted finance firms resurface post Chapter 11. Breeden cites creditor proof of claim deadlines as gate to payments, while Halo Group holds about 100 million dollars in Bennett investments and urges a new trustee.
MENTIONED IN THIS ARTICLE
Bennett
Richard C. Breeden
Halo Group
Bennett Companies
Henry Schaeffer
Schaeffer
Breeden
Bennett Funding Group Inc
Patrick Bennett
Schaffer
U.S
Daniel Stolz
Guy A. van Baalen
NiMo delays rate hike review to focus on contracts
Niagara Mohawk Power Corp agreed to a two week postponement of the states audit of its 11 month old rate increase request. The Syracuse based utility seeks an 8.4 percent average rise and is negotiating with 19 independent power producers to buy out costly contracts. The move aims to free the utility from high priced electricity obligations.
MENTIONED IN THIS ARTICLE
Niagara Mohawk Power Corp
Niagara Mohawk
Nick ‘Ashoob
State Public Service Commission
Syracuse
Tm Ke
Stock Quote Hotline Offers Round-the-Clock Readouts
The Herald Journal advertises a free continuous stock quote service. Call NewsLine at 472-2111 and enter category 9988 for quotes on NYSE AMEX and NASDAQ stocks. Enter category 9989 for directions.
MENTIONED IN THIS ARTICLE
Herald-Journal
Thermopatch Corp. outlines global textile label systems
Thermopatch Corp a Syracuse New York manufacturer of textile identification heat sealing systems has 100 employees 90 in Syracuse. The firm operates offices in Kitchener Ontario Canada and Australia with Tom DePuit as president and Ray Pateczny as vice president of sales and marketing. Market area covers worldwide.
MENTIONED IN THIS ARTICLE
Thermopatch Corp
Erie Bid
Syracuse
Kitchener
Ontario
Canada
Australia
Tom DePuit
Ray Pateczny
DePuit
Patecany
Company Snapshot highlights Potter car business in Syracuse
The Herald Journal features Potter car on its Company Snapshot page detailing a 59 year history, a 1987 ownership change via leveraged buyout, and plans for further international expansion and acquisitions. Founders Paleczny and DePuit discuss growth, financing from Westinghouse Credit, and export-driven strategy.
MENTIONED IN THIS ARTICLE
Herald-Journal
P.O. Box
Clinton Square
Syracuse
N.Y
Paleczny
DePuit
DePutt
Westinghouse Credit
Susan Royal
Susan Foyal
Herald-Journal Business Desk
Ex-broker fined for mishandling funds in NASD action
Clayton L. Chamberlain a former Syracuse stockbroker was fined 20000 dollars and barred from the industry after customers alleged excessive unauthorized trading in late 1995 and early 1996. The NASD said he failed to respond to information requests and marked letters as moved. The Geddes based firm Chamberlain and Grant Inc. closed in 1995.
MENTIONED IN THIS ARTICLE
Syracuse
National Association of Securities Dealers
Clayton L. Chamberlain
Pinnacle Hill Road
Fulton
Chamberlain
NASD
Kerage, Chamberlain and Grant Inc
Dwight Park Drive
Geddes
WNDR
WNSS
Cham
Berlain
Michael Robinson
Herald-Journal
NYNEX to add 107 jobs across its 28 county region
NYNEX plans 107 new positions in its 28 county Central New York region, with 76 field technicians and 32 engineering support workers scheduled this year. Wages range from 275 to 950 weekly for technicians and 240 to 719 for engineers as the company expands amid a Bell Atlantic merger.
MENTIONED IN THIS ARTICLE
NYNEX
New York
Susan Kennedy
Onondaga
Kennedy
Bell Atlantic
At&t
New Hires and Service Awards At Loretta Agency
Eric Moyer and Associates adds Kelly Forrest as media director with offices in Syracuse Rochester Buffalo and Albany. Marcy McCall and Julie Lazeski join as traffic managers. Loretta recognizes Cindy Bersani Dorina Brenan Penny Borland Monique Dobbeleare Wanda Harris Carmella Gaston Geri Gleason Shirley Kimball John Kingston and Marga for customer service excellence.
MENTIONED IN THIS ARTICLE
Eric Moyer and
Syracuse
Rochester
Buffalo
Albany
Kelly Forrest
Marcy McCall
Julie Lazeski
Loretta
Cindy Bersani
Dorina Brenan
Liverpool
Penny Borland
Mallory
Monique Dobbeleare
Manlius
Wanda Harris
Carmella Gaston
Geri Gleason
Baldwinsville
Shirley Kimball
John Kingston
Fayetteville
Marga
Local residents listed for regional notices
Sis tel Kolodzie of Canastota, Mildred Kuznia of Minoa, Dart Mant of Syracuse, Chris McClen than of Liverpool, Tony Mitchell of North Syracuse, Vonnie Nellenback of Baldwinsville, Phyllis Read of Canastota, Joyce Rivera of Utica, Annette Schultz of Marcellus, and Thomas Taylor of Little York.
MENTIONED IN THIS ARTICLE
Tel Kolodzie
Canastota
Mildred Kuznia
Minoa
Dart Mant
Syracuse
Chris McClenthan
Liverpool
Tony Mitchell
North Syracuse
Vonnie Nellenback
Baldwinsville
Phyllis Read
Joyce Rivera
Utica
Annette Schultz
Marcellus
Thomas Taylor
Little York
Empire State Paper Research Associates Adds International Members
The Empire State Paper Research Associates Inc. announced new members MacMillan Bloedel of Canada, Kimberly Clark of Gino, Zeofinn Oy of Finland, and Voith Sulzer of Germany. The group supports SUNY ESF research as a worldwide pulp and paper industry network run from Syracuse.
MENTIONED IN THIS ARTICLE
Empire State Paper Research Associates Inc
State University of New York College of Environmental Science and Forestry
MacMillan Bloedel
Canada
Kimberly Clark
Gino
Zeofinn Oy
Finland
Voith-Sulzer
Germany
Suny College of Environmental Science and Forestry
December slump hits Penn Traffic owner Penn T r a ffic Co
Penn Traffic faced December sales drops of 0.5 percent at its P&C Foods and other supermarkets. The quarter showed a $15.9 million loss, with year over year sales down 4 percent, triggering Moody's to cut $1.1 billion in debt and S&P to shift ratings to negative. Executives note weather and aggressive merchandising changes as contributing factors while CEO search continues and liquidity remains but uncertain.
MENTIONED IN THIS ARTICLE
Penn Traffic Co
Suermarket
Penn Traffic
P&c Foods
Howard Goldberg
Smith Barney
New York City
Moody's Investors Service
Standard & Poor's
P&c
Roy Flood
Federal Securities and Exchange Commission
Bloomberg Financial News
SEC
Fiood
Marc Jampole
Flood
Jampole
David Degroff
Conseco Capital Management Group
New York
Insalaco
Pennsylvania
Ohio
West Virgina
Goldberg
Gary D. Hirsch
Conseco
Degroff
John T.dixon
Ae Fenn Traffic
SIDA weighs tax breaks to promote city development
The Syracuse Industrial Development Agency considers 100 percent tax abatements for brownfield sites to spur reuse. Exemptions would last about three years enabling redevelopment of Midtown Plaza area and other vacant sites near Erie Boulevard East and lakefront. Without incentives developers may choose suburban sites, members say.
MENTIONED IN THIS ARTICLE
Syracuse Industrial Development Agency
Vito Scisciohi
City Community and Economic Development
Midtown
Water Stree
Erie Boulevard East
Lakefront
Irwin Davis
Metropolitan Development Association
SIDA
Also Mentioned on This Page
Charley Hanna
NiMo
Tered Sonal
StockQuote Hotline
AVI Erdeer Sueets Pnoiogtee
Ibeth Doras
Vintar
Sohn Berry
Fune
Ryfan
Pfeiffer’s
sRoute
Ty Warner
Warner
Lorrie Ryfun
Forrest
McCall
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