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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
Bon-Ton Stores Inc
Bon-Ton
Michael L. Gleim
Bon- Ton
Onondaga County
The
Camillus
Carousel Center Great
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Kmart Corp
J.C Penney Co Inc
Target Corp
de Federated Department Stores Inc
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the Limited Inc
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