Community Banks to buy pension management firm
Community Bank Systems Inc. of DeWitt agreed to acquire Pension Management Inc., Syracuse based administrator of pension plans. The two sides signed a letter of intent subject to due diligence and final price agreement. Completion expected by Sept. 1. terms not disclosed. Community Bank has expanded its pension and defined contribution plans business after prior acquisitions BPA and KMB Management.
MENTIONED IN THIS ARTICLE
Community Bank Systems Inc
DeWitt
Pension Management Inc
Community Bank
Central
Upstate New York
Benefit Plans Adminiistrators
KMB Management Inc
BPA
Iroquois Bancorp reports strong second quarter profit rise
Iroquois Bancorp the Cayuga Bank holding company based in Auburn posted second quarter earnings of 13 million up 128 percent from 1.15 million a year earlier Net interest income grew to 5.11 million from 4.8 million and noninterest income edged up to 349 million The company also owns The Homestead Savings of Utica CEO Richard D Callahan highlighted revenue growth from net interest income and noninterest sources.
MENTIONED IN THIS ARTICLE
Iroquais Bancorp
Cayuga Bank of Auburn
Troquais
Homestead Savings
Utica
Richard D Callahan
Iroquois
Carlisle acquisition to open Canadian markets for firm
Syracuse based Carlisle Cos Inc plans to buy Conestoga and Wheeltech from Electra Group. The deal provides Carlisle entry into Canadian lawn and garden, tradr and agricultural equipment markets, complementing its construction materials, transportation products and general industry lines. Combined sales of the two units exceed $50 million and closing is expected in Q3.
MENTIONED IN THIS ARTICLE
Carlisle Cos Inc
Conestoga
Wheeltech
Electra
Carlisle
United
Bausch & Lomb Cuts 1900 Jobs After Restructuring
Bausch & Lomb Inc. trims 1,900 positions to battle competition in contact lenses and sunglasses. The Rochester company reports Q2 earnings of $20.3 million or 36 cents a share, down from $303 million or 4 cents. Sales drop 4 percent to $52.2 million from $34.6 million.
MENTIONED IN THIS ARTICLE
Bausch & Lomb Inc
Microsoft profits surge above Wall Street estimates
Microsoft reports a 106 billion quarter profit, up 90 percent from a year earlier with 80 cents a share. Revenue rose 40 percent to 3.18 billion in the three months ended June 30, surpassing expectations as markets closed.
MENTIONED IN THIS ARTICLE
Aucrosynworps
Wall Street
Newsline stock quotes and hotline notice
Newsline provides business updates and stock data through a dedicated service. Subscribers can access stock quotes via the NewsLine system by dialing the hotline number and entering the category code for quotes.
LaFayette Chiro Practice Center opens with Dr Donna Coty
Dr Donna Coty opens LaFayette Chiro Practice Center at 2448 Route 11 LaFayette offering chiropractic services rehabilitation fitness evaluation strength and conditioning and injury prevention. She spends 44 hours weekly and treats 30 to 36 patients. Coty also teaches at New York Chiropractic College in Seneca Falls. The South of Syracuse to Cortland market covers nine months in business with initial financing from savings and debts around 80 000. She aims to add a fitness facility and collaborate with a doctor and therapist in a multi disciplinary approach within five years.
MENTIONED IN THIS ARTICLE
Coty
The
New York Chiropractic College
Seneca Falls
New York State
New York
Milwaukee firm buys upstate New York Pizza Huts
V & J Foods of Milwaukee buys all 61 Syracuse and Rochester Pizza Hut locations from Dallas based parent. The sale doubles V & J Pizza Hut restaurants to 98 and raises US workers to 2,600. Val Daniels-Carter and John Daniels, African American founders, lead the company.
MENTIONED IN THIS ARTICLE
Pizza Hut
Syracuse
Rochester Area
New York
Pizza Huts
Mike Mules
Daniels-Carter
Daniels
Miles
Draper
V&j
Milwaukee
Detroit
Rochester
Byrne Dairy expands plant amid flat milk sales in state
Byrne Dairy Inc plans a 38 000 square foot addition at 240 Oneida St Syracuse to store more products including milk cream ice cream water juice and yogurt as competition from out of state firms grows and milk sales stay flat. The family run firm founded in 1933 owns 60 stores and buys milk from 105 farms.
MENTIONED IN THIS ARTICLE
Byrne Dairy Inc
Oneida St
Syracuse
Nick Marselia
Byrne
Marsella
Matthew Byrne
New York
Connecticut
New Jersey
Pennsylvania
Vermont
Dairies
Adams
Oneida Street
Fabius
South West Streets
Calenblalu
Byrne Dairy
Mike Fay
Otley Wicklander
Jake Wheeler
North Syracuse executive named chief operating officer at Phylinc
Mulls i Anthony M D Eredita of North Syracuse was named chief operating officer of Phylinc Practice Management based in Liverpool. D Eredita will oversee all management and operational functions. Phylinc's chairman is Dr A John Merola. Prior to Phylinc he was general counsel and chief financial officer of C S Engineers Inc in North Syracuse. He also practiced with Hancock Este Brook in Syracuse. Phylinc Practice Management specializes in delivery tract management and consultant services at York Health Science Center in Syracuse. Chuck Simpson of Baldwinsville has been elected to the National Association for Campus Activities board of directors. Dr Michael M Meguid of Manlius received the American Medical Association Joseph B Goldberger Award in Clinical Nutrition for 1997. Meguid is a professor of general and oncologic surgery and holds multiple roles at the Health Science Center.
MENTIONED IN THIS ARTICLE
I Anthony M. D'Eredita
North Syracuse
Chhef
Phylinc Practice Management
Liverpool
D’eredita
Phylinc
A John Merola
Jong Phylic
C&s Engineers Inc
Hancock & Estebrook
Syracuse
C&s Engineers
Phyline
Newcomer Products names Paul Maher in Syracuse sales team
Paul Maher to serve as sales and service engineer at Newcomer Products Inc in Syracuse. He is a graduate of Pennsylvania State University and joined the company in September. Susan Royal may include business items in Company Matters, Herald Journal.
MENTIONED IN THIS ARTICLE
Newcomer Products Inc
Paul Maher
Syracuse
Maher
Pennsylvania State University
Newcomer
Susan Royal
Company Matters
Herald- Journal Business Desk
P.O. Box
N.Y
Bupsusy
Ssouay
Hhu
Builders Square Hechinger Buyout To Create Major Chain
DETROIT AP A buyout firm will merge Kmart Corp s Builders Square stores with Hechinger to form the nation s third largest home improvement chain with over 4.5 billion in annual sales and 279 stores in 29 states plus DC Leonard Green Partners will own the new chain and pay 98 million to acquire Hechinger stock. Kmart may later buy a minority stake The deal ends months of sale speculation as Hechinger shows three straight annual losses while Builders Square expands in New York and across the Northeast
MENTIONED IN THIS ARTICLE
Detroit
Kmart Corp
Builders Square
Hechinger Co
Thursay
District of Columbia
Payless Cashways Inc
Leonard Green & Partners, LP
Hechinger
Kmart
Open State
New York
Syracuse
Eve Blvd
DeWit
Frontage
Creere
Northern Lights
Los Angeles
Leonard Green
Troy
Home Depot Inc
Lowe's Cos
Monarch sales means no new Cortland jobs
Monarch Machine Tool Co will not move new Sidney lathe jobs to Cortland County. The Sidney operation is being sold to Monarch Lathes LP, a Lucas Precision Inc. partnership, keeping the lathe work in Sidney and delaying completion until month end. Cortlandville plants will not gain the expected 20 to 25 jobs, though current workforce stays.
MENTIONED IN THIS ARTICLE
Monarch Machine Tool Co
Sidney
Ohio
Cortland County
Monarch
Monarch Lathes LP
Lucas Precision Inc
John Keeler
Cortlandville
Saas
United Auto Workers Local 802
Monarchis + Cortlandville
Amion
Cort. Randville
Also Mentioned on This Page
Iroquois Bancorp
Bausch & Lomb
Microsoft
Mutual Fund
Dow Jones
AMEX
Headmnas Business News
Hiese
Vital Steret
LaFayette Chiropractic Center
Yore Cty
LaFayette
Donna Coty
Anzona
Vienia Felonie
Cortland
Ellen Blalock
V &J Foods
V & J Foods
United States
John Draper
Valerie Daniels-Carter
John Daniels
South Carolina
Mulls
Pwede Te
Health Science Center
D'Eredita
the Folign
Nade
State University of New
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