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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Jun 01, 1999
Page
4
Trade house ETrade plans to acquire Telebanc Financial in a deal reported by STRIENE UOMs, signaling a consolidation in financial services. Telebanc shareholders and executives were not immediately available for comment.
The FTC plans to oppose a proposed merger between Barnes & Noble and Ingram to prevent dominance in the U.S. book market. FTC lawyers argued the deal could give the combined entity control over competitors’ access to books, harming competition.
Cuban Havana Club rum has sparked U S trade friction as Cuba cannot sell the brand in the United States. Fidel Castro threatens his own Coca Cola style brand while Pernod Ricard executives react to the dispute. Trade talks touch on bananas aircraft engines and hormone beef.
Steelmakers brace for another confrontation with Washington as S. steel mulls a new round of anti dumping complaints against Japanese and other foreign steel producers. Industry executives deny dumping cold rolled steel in the United States.
Michael E. Haines joined Mark Russell & Associates as a designer, bringing print and collateral expertise from Eric Mower and Fay's Inc. Bob Cote and Karen Sheard joined Bond Schoeneck & King as associates in public finance and estate planning. John Bouck, Bouck Real Estate president, earned Florida real estate broker licensure expanding cross-state practice.
A coalition of firms and a local business group plan an indoor air quality research center linked to the Institute of Human Performance at Syracuse University Health Science Center. It aims to attract environmental firms, create thousands of jobs, and set national indoor air standards while benefiting area hospitals and engineering firms. Funding sought from state, federal governments and private partners to cover a $3 million startup.
Ten years after two family houses flooded the market they now languish as prices fall 25 to 30 percent since 1990. Real estate brokers say bargains exist but buyers avoid tenants while non profits note demand for single family homes. Local agents foresee a possible rebound as buyers seek affordable living.
In Washington final testimony starts in the Microsoft antitrust case. Government lawyers urge focus on past aggressive behavior and current dominance while Microsoft seeks to downplay the need for federal intervention. IBM’s Garry Norris to testify on pressure to drop OS/2 and on pricing disputes tied to rivals.
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