economists see mixed signals from housing and leading index
The Commerce Department reported a small 0.1 percent April rise in the Leading Indicators index, while a separate release showed new home sales leaping 22.7 percent to 751,000 units in April. Analysts warned growth remains uneven with pockets of strength offset by weakness, and unemployment expected to drift lower only slowly.
MENTIONED IN THIS ARTICLE
Commerce Department
Economns
Samuel Kahan
Fue Securites Inc
Chicago
Averae
New York Economy Slammed By Business Labor Reports
The New York State AFL-CIO and the Business Council of New York State urge rapid action to reverse declines in manufacturing. They cite payroll drops, taxes and regulations, rail and port weaknesses, and call for transportation upgrades, firmer education standards, and affordable housing to restore jobs.
MENTIONED IN THIS ARTICLE
New York
New York State
Afl-Cio
The
Business Council of
Empire State
Business Council
Aflcio
Edward Cleary
Apl-Cio
MONY names Michael I Roth new chairman in July
Manual Life Insurance Company of New York appoints Michael I Roth to chairman effective July 1, replacing James B Farley who remains on the MONY board. Roth, 47, will keep files of president and CEO as he rose to president, COO, and CEO since 1991, while Farley stays on the board.
MENTIONED IN THIS ARTICLE
Manual Life Insurance Company of
New York
Michael I. Roth
Roth
James B. Farley
MONY
Stocks end higher as rates jitters linger
U S stocks closed mostly up after a choppy session marked by profit taking and ongoing concerns about interest rates. The Dow Jones Industrial Average rose about 3.1 percent to finish at 3 533.45 amid cautious trading.
MENTIONED IN THIS ARTICLE
Dow Jones
Stock Quote Hotline Offers 24 Hour Telephony Service
The Herald Journal notes a free around the clock stock quotation service on NYSE AMEX and NASDAQ. By dialing NewsLine at 472 213 and entering category 9988 users can obtain quotes and category 9939 provides directions to the service.
MENTIONED IN THIS ARTICLE
Herald-Journal
Trade clash over Canadian beer heats up in White House talks
The White House weighs new trade sanctions against Canada after US and Canada fail to resolve a beer dispute. Ontario’s can tax and distribution rules are cited as barriers, with Ontario selling foreign beer only in government stores. US groups warn against environmental policy riding trade barriers.
MENTIONED IN THIS ARTICLE
White House
Canada
United States
Ontario
U.S
Healeman Brewing Co
Stroh Brewery Co
Rites
Mickey Kantor
Syracuse insurer Unity Mutual buys New Jersey firm
Unity Mutual Life Insurance Co of Syracuse announces its fifth merger since 1983 by acquiring Eastern Mutual Life Insurance Co. of Cherry Hill New Jersey. The deal for about 300000 in assets and liabilities enlarges Unity Mutual to 300000 clients and 1761 employees, continuing its East Coast growth with 86 branch offices.
MENTIONED IN THIS ARTICLE
Umiy Mutual Life Insurance Co
Syracuse
Umity Mutual
Eastern Mutual Life Insurance Co
Chifton
Hastern
Eastern Mutual
Unity Mutual
Sharon Janson
East Coast
New Jersey
Guarantee Mutual Life Insurance
Empire State Mutual Life Insurance
Jamestown
Volunteer Firefighters Mutual Life Insurance Co
Spring Valley
Progressive Life Insurance Co
Unity
Mobil Fights IRS Over 54 Million Back Tax Dispute
Mobil Corp. contests a 39 million dollar alleged tax due for 1982 83 with the IRS while seeking refunds of 15 million. The case, detailed in a long Tax Court petition, covers foreign tax credits depletion allowances research credits windfall taxes and Aramco related issues amid claims of below market Saudi oil pricing. The dispute could anchor years of litigation as Aramco partner trials unfold.
MENTIONED IN THIS ARTICLE
Mobil Corp
Internal Revenue Service
IRS
Mobil
U.S
Norway
Malaysia
Abu Dhabi
Australia
Philippines
Prudhoe Bay
Alaska
Aramco
Saudi Arabia
Oi Co
Travelers sidestep moratorium on Florida pol icyholders
Travelers Corp plans to cut thousands of South Florida policyholders despite a state moratorium on cancellations and regulators warnings. About 300 insurers with active Florida policies are barred for 90 days from canceling due to hurricane risk while legislation to extend the moratorium is pending. Allstate triggered the moratorium May 19 by announcing plans to cancel 300,000 policies as 29 companies limit sales amid potential losses from another hurricane. Insurers anticipate about 15 billion dollars in damages from Hurricane Andrew last August.
MENTIONED IN THIS ARTICLE
Travelers Corp
South Florida
Fserty
Florida
Allstate
Morida
University News Services Gets New Executive Director
Sandi Tams Mulconry appointed executive director of news and publications at Syracuse University overseeing internal communications media relations and academic and institutional publications. Darryl J. Geddes promoted to editor of the Record and David A. Johnson advances at King & King Architects. Jaquith Industries wins Composites Institute Award for FAA airport approach light masts design.
MENTIONED IN THIS ARTICLE
Sandi Tams Mulconry
Syracuse University
Executve
Focal
Darryl J. Geddes
the Record
The
Record
David A. Johnson
King & King Architects
Washington St. Manus
Daniel
Duffy
Chemical Bank
New York
Jaquith Industries
Society of Plastics Industry Composites Institute
Jaquith
Federal Aviation Administration
New Channels Cable wins three national bronze Telly Awards
Syracuse local cable system captures bronze for Snuckleby and Fiends, Channel 13 promo spot and Big Deal campaign. Highlights include award to New Channels by the Newhouse family portfolio.
MENTIONED IN THIS ARTICLE
Telly
Channel 13
Syracuse
New Channels
Newhouse
Herald American
Herald Journal
Post-Standard
Gary MacLachlan
Onondaga County Parks and Recreation
Hutchings
Also Mentioned on This Page
Associated Press
Index of Leading Indicators
Uscept of Commerce
Dan Padovano
Chase
Chase Manhattan Bank
Central New York
James T Mulder
Weis Devy
We Herald-Journal
StockQuote Hotline
Treasury
U S
USTA
Mexco
Sierra Club
Public Citzen and
Friends of the Earth
Hank Finke
Gypsum = Systems
Victor
Contegra Corp
Walton Street
Onondaga Creek
Gypsum
Contegra
Phot
Carlis
Wilson & Go
Montgomery St
Ogr
Bob Niedt
Home Service
Mal
John F. Mannion
Mutual Life Insurance
Newhouse News Service
Mulconry Awards
Geddes
Bryan Rudes
MacLachlan
Hutchinas
Northside Collision Inc
Cicero
North Syracuse Chamber of Commerce
J Ted L Antos
Fulton Savings Bank
National
Tutions
David Lanweaver
Lanweaver Advertising & Design
W. Fayatte St
Carner Corp
IB Eric Mower and Associates
Rochester
Bruegger's
Elfen Miller
Company
Herald-Journal Business Desk
P.O
N.Y
Company Matters
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