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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Jul 18, 2000
Page
4
General Mills plans to acquire Pillsbury from Diageo for 5 billion in stock and assume 5.1 billion in debt. The deal creates one of the world’s five largest food companies, reviving Pillsbury’s brands including Green Giant, Haagen Dazs, and related foods.
Legrand SA agrees to acquire wiring and cable systems provider Wiremolt Ca for 2050 million plus 120 million in debt, nearly doubling Legrand AJ and Pass & Seymour operations. The deal shifts 25 percent of Legrand revenue to the United States from 13 percent, as revenue nears 2.5 billion last year.
Local residents are urged to enroll in Bell Atlantic's Complete program offering a $19.99 monthly local calls plan and 1 cent per minute long distance. Officials confirmed the Herald-Journal notice that enrollment closes August 1 and details are available by calling 890-7100.
A Monday comparison notes Sprint offers 100 free local calls and 1,000 minutes for weekend use from Friday midnight to Sunday midnight at $44 monthly with 7 cent local calls and 5 cent long distance, 10 cent weekday rate. Intrastate add ons vary. 1,000 interstate minutes on weekends would cost about $20 per month without local calls.
Susan M. Crossett of Syracuse rises to executive director of government affairs and regulatory relations at Niagara Mohawk Power Corp after roles at Car-Sevensomer Corp and the state Workers' Compensation Board. Tom McGuire of Liverpool named housing development coordinator for Northeast Hawley Development Assn Inc handling project development. Scott Fillingham of Red Creek appointed executive director of Northeast Hawley Development Inc directing staff and community programs.
Chase Manhattan Corp and Fiserv Solutions will nearly double staff at Chase's DeWitt check processing office, adding over 200 jobs in two years. New York and Onondaga County officials applaud the expansion, with a $100000 training grant from Empire State Development and possible tax breaks.
Price Chopper launches a new Geddes store alongside Wegmans in Western Lights Plaza. The prior cramped outlet is replaced as Price Chopper rekindles Central New York presence, adding 350 jobs and a modern supermarket with bakery and dining options. Local shoppers praise the brighter layout and parking, while rival Wegmans strengthens nearby.
Bridgeport based Galaxy Communications will acquire WRDS FM Power 102 from Short Broadcasting for 3.75 million dollars. Galaxy plans a new broadcast center in Armory Square Syracuse, moving operations from James Street, with expansion funded after raising 23 million earlier this year.
Microsoft aims to shift from one-time CDROM purchases to online monthly software subscriptions. CEO Steve Ballmer says the model charges for a service that updates itself, stores user data, and can be managed remotely. Analysts note potential higher costs for consumers and smaller firms, with discounts likely to win PC buyers toward web based Office services.
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