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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Jan 28, 2000
Page
6
Investor uncertainty drove Coca Cola Co shares down about 10 percent over two days, trading near 59.50 on the NYSE after a tough period and a 6,000 job cut. Analysts see Coke as a long term pick despite short term pain.
Lockheed Martin will eliminate at least 2,800 positions as it streamlines its aero nautical and space businesses, aiming for about 200 million in annual savings. The move consolidates aero nautical into Lockheed Martin Aeronautics Co. led by Dani Hancock and creates Lockheed Martin Space Systems Co. in Denver headed by Albert Smith. Company executives cited improvements in customer focus and financial performance amid market changes.
The Institute for Human Performance at Upstate Medical University, a $50 million, 200000 square foot facility at 505 Irving Ave, opened with over 100 attendees. Leaders say it will unite diverse scientists to study movement, joint design, and brain limb links, with grants totaling about 36.5 million and potential to double.
In New York a federal appeals judge denied Patrick Bennett's bid to delay his sentencing for defrauding investors in his family finance firm. The Second Circuit sent his motion to a panel. sentencing by Judge John M. Martin proceeded today with prosecutors seeking a 30 plus year term. Bennett faces forfeiture and claims funds were mingled with company assets. updates via NewsLine.
More than 7 000 people attended the eighth annual Syracuse Chamber Business Show at the Oncenter. About 325 area businesses displayed products from chocolate to health care as organizers CenterStage and the Chamber reported a sold out event for the fifth year. Exhibits drew crowds amid playful booths and giveaways including chocolate truffles, ice scrapers, cookies and wine as vendors touted creativity and local pride.
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