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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Jan 30, 2001
Page
4
A parts shortage idles the GM Unity plant and shifts focus to the Poe Dennett Tavur consumer confidence dip as January employment data dampens optimism.
Shareholders in England GK National Grid gathered in Coventry to vote on the planned merger with Niagara Mohawk Holdings of Syracuse. The proposed $3 billion stock deal aims to acquire Niagara Mohawk, with approvals still pending regulatory clearance.
New York Attorney General Elliot Spitzer announced a settlement requiring fl!tsso Energy and The Coastal Corp to divest interests in natural gas pipelines serving New York. Coastal will sell its Empire and Irisquisis pipeline stakes, which compete with El Paso Energy's Tennessee Gas Pipeline.
Deary Blasi joins Cablexpress Technologies as regional business director overseeing revenue growth across government education resellers and medical divisions. Ruben Gutierrez rises to international business unit director at Gablexpress focusing on Puerto Rico Mexico and Canada markets. Matthew Howey becomes interactive developer at MRA while Nancy Roberts advances to interactive content manager handling content across projects.
Microsoft lawyers urged a federal appeals court to overturn Judge Thomas Penfield Jackson's June 7 order to split the company, arguing bias and flawed proof of unlawful conduct. They say the district judge distorted facts and that the government failed to show antitrust violations.
DaimlerChrysler AG will cut 26 000 jobs over three years at Chrysler with early retirement incentives and layoffs. production cuts of 15 percent and six plant closures, while New Venture Gear in DeWitt prepares for reduced output and potential retiree incentives for its 3 200 workers.
California utilities PG&E and Edison faced bankruptcy threats that wiped out decades of dividends, eroding retirement incomes for thousands of retirees. Neale McFarland, San Carlos, sold 1500 Edison and PG&E shares at a $15,500 loss after dividends ceased following rising debt and deregulation.
Disney plans to dismantle its Go.com site folding the Internet Group into the parent as a division. About 400 jobs will be cut while Disney shifts users to Disney.com and ESPN.com and weighs selling Infoseek assets. CEO Robert Iger cites lack of industry leadership and a stock downturn as factors.
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