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Syracuse Herald Journal in Syracuse, New York

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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Jun 08, 2001

Page

6

NYSE halts trading amid computer problems

The New York Stock Exchange paused trading this morning due to severe computer problems while Nasdaq and other U.S. markets stayed open. An earnings warning from Juniper Networks weighed on technology shares as investors reassessed growth prospects, with NYSE officials aiming to resume later in the morning.

New York Stock Exchange U.S Juniper Networks NYSE

DuPont sells drug unit to Bristol-Myers Squibb

Bristol-Myers Squibb buys DuPont’s drug unit for 7.8 billion dollars in cash. The deal expands AIDS drug assets including Zerit Videx and Sustiva. Proceeds fund a 2.5 billion stock buyback and debt reduction while DuPont grows its core chemical business. Regulatory approval pending, closing by year end.

bristol-Myers Squibb Co DuPont Bristol-Myers Syracuse

BMC Industries warns of weaker Q2 revenue outlook

BMC Industries Inc. on Thursday warned investors that second quarter revenues may fall about 9.7 percent as a slowing global economy lowers demand for its computer and television mask products. The company now expects Q2 revenue between 80 and 85 million dollars versus 942 million in Q2 2000, with Cortland plant operations noted.

Bmc Industries Inc BMC Cortland

Corning delays expansion plans on market conditions

Corning Inc says it will delay expansion in Oklahoma and North Carolina to pace growth in manufacturing capacity and capital spending. The company, a maker of optical fiber cable photonic components and high performance glass for displays, cites market conditions in delaying the project.

Corning Inc Oklahoma North Carolina Corning Slatlandn

Dumac adds staff in quick service restaurant systems

Michael Hotaling Peter Maskelony join Dumac Business Systems as install specialists for fast food ordering systems. Luke Yeiser becomes software developer for restaurant management apps. Michelle Krause leads customer support. Patricia Bucklin named executive director of New York State Bar Association the first woman in the post. Timothy Frateschi joins Harris Beach as associate in business transactions group.

Michael Hotaling Peter Maskelony Dumac Business Systems Inc As.inc Hotaling Maskelony M- Hotaling United States Luke Yeiser Dumac Business Systems Yeiser Michelle Krause

Generics rise to curb soaring prescription costs

Health care benefits expert Chris D. Robbins says employers will increasingly require cheaper generics as patents on blockbuster drugs expire. He notes three tier copays favor generics, with brand names on plans’ preferred lists costing more, in East Syracuse remarks at a health care conference.

Chris D. Robbins Prilosec Robbins Arxcel Buffalo Syracuse Embassy Suites POMCO Northeast Cian

Syracuse eyes incubator in MONY Towers site

City and chamber officials plan a high tech incubator at the base of the MONY Towers, converting two vacant glass structures into a startup hub near Harrison and Warren streets. Estimated cost 2.5 million, with 3 million sought from government funds. Onondaga County pledges 1 million.

MONY Harrison and South Warren Streets Onondaga County Syracuse Greater Syracuse Chamber of Commerce David Cordeau Oncenter Convention Complex Nicholas Pirro Harrison Street Oncenter Cordeau Convention & Visitors Bureau Sloan Mony Plaza David P. Cordeau Greater Chamber of Commerce

Store Front: Guitar Center buys American Music Group for $33 million

LA based Guitar Center purchases American Music Group Ltd of Liverpool for 33 million dollars, expanding its reach with American Music and Central Music Supply assets. The deal includes rebranding stores to American Music, 11 other outlets in multiple states, mail order arms Giardinelli and LMI, and a focus on the school instrument market.

Los Angeles Syracuse David E. Fleming American Music Group Ltd Liverpool American Music American Music Group Guitar Center U.S Central Music Supply Armory Square Syracuse Symphony Orchestra Utica Rochester Portland Maine Greenfield Mass Orlando Fort Myers Jupiter Fla Chicago Mesa Phoenix Ariz Giardinelli Fleming LMI Guitar Center Ing Henrietta Plaza Herald American Post- Standard Herald-Journal Ups Bob Niedt Bob business@syracuse.com

Bon-Ton sales drop in May across chain

The Bon-Ton Stores posted a 9 percent year over year sales decline in May, with same store sales down 10 percent. COO Michael Gleim cited economy and calendar shifts as factors, noting weaker merchandise receipts but stronger coats and home goods. The York PA firm runs 73 stores, including Camillus, Carousel Center, Great Northern and Shoppingtown malls in Onondaga County.

Bon-Ton Stores Inc Bon-Ton Michael L. Gleim Bon- Ton Onondaga County The Camillus Carousel Center Great

Also Mentioned on This Page

Bristol-Myers Squi BMC Industries Susan Royal Dow Jones William M Mercer Benefits Consultants Mutual of New York Wal-Mart Stores Inc Sears, Roebuck and Co Kmart Corp J.C Penney Co Inc Target Corp de Federated Department Stores Inc May Department Stores Co Gap Inc the Limited Inc Ftix Cas Sales Inc Dillard's Inc
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