Opposition slate seeks AFL-CIO leadership change
Union leaders back a slate opposing John J. Sweeney to lead the AFL-CIO as factional moves unfold. Sweeney aims to revive labor. his ticket includes Richard Trumka and Linda Chavez Thompson. Donahue is named interim president with full election due at the October convention.
MENTIONED IN THIS ARTICLE
Afl-Cio
Woew
John J. Sweeney
America
United Mine Workers
Richard Trumka
Linda Chavez
Thompson
Paime
Seeene
Kirkland
Wo Ana Pres
DreamWorks Aligns with MCA in 10 Year Creative Deal
DreamWorks, formed by Steven Spielberg David Geffen and Jeffrey Katzenberg, signs a 10 year agreement with MCA Inc to distribute DreamWorks films internationally and its records and home video releases worldwide while keeping domestic distribution rights. MCA gains rights to DreamWorks characters and concepts for use in MCA theme parks.
MENTIONED IN THIS ARTICLE
DreamWorks
MCA Inc
Hollywood
Steven Spielberg
David Geffen
Disney Studio
Jeffrey Katzenberg
MCA
Carey retires from W R Grace executive post
Hugh L. Carey former New York governor will retire as executive vice president at W R Grace & Co effective June 30. Joined in 1987, he has led the Government Relations office in Washington since 1993. He is 76 and a friend of the late J Peter Grace Jr who died April 19 amid internal allegations.
MENTIONED IN THIS ARTICLE
Hugh L. Carey
New York
W.R. Grace & Co
Carey
Grace
Washington, D.C
J. Peter Grace Jr
Smith Corona President Resigns in Restructuring Plan
Smith Corona Corp said Tuesday its president William D. Henderson resigned from the company and board as part of a corporate restructuring. Effective June 3, he will stay on as a consultant up to a year. Robert Van Buren was named chairman and chief executive to also serve as president.
MENTIONED IN THIS ARTICLE
Smith Corona Corp
William D. Henderson
Henderson
Smith Corona
Robert van Buren
Falling rates lift stocks to new highs on Tuesday
Stocks rose as rates fell, with the Dow up 38.05 points to 4,484.51, nearing its record close of 4,485.20 set last week. The market climbed on signs that economic growth was slowing, sparking broad gains across major indexes.
MENTIONED IN THIS ARTICLE
Dow Jones
Stock Quote Hotline Offers 24 Hour TD Line
The Herald-Journal reports a free round the clock stock quotation service called NewsLine. Dial 472-2111 and enter category 9988 for quotes from NYSE AMEX and NASDAQ. For directions use category 9989.
MENTIONED IN THIS ARTICLE
Herald-Jormnal
Travel agency aims to grow in North Syracuse area
ee at Mame of Buelees Air Land and Sea Travel Service Inc. at 434 South Main St North Syracuse with Howard and Sama Schwartz running a seven-employee firm in business 24 years. Howard Schwartz, a pharmacist at Suburban Health Services, grew the client base to overcome volume limits and plans local branches to compete with mega agencies.
MENTIONED IN THIS ARTICLE
Mame
Buelees
Air Land and Sea Travel Service Inc
South Main St
North
Syracuse
Ounera
Howard and
Sama Schwartz
Howard Schwartz
Knelaee
Thateaval
Manes
Florida Market Area
United States
Israel
Netherlands
ALS Travel
Howard ‘Schwartz
Selma Schwartz
Air Land and
See Travel Service Inc
ITT breakup eyed to lift stock value in split plan
ITT Corp plans to divide its empire into ITT Hartford ITT Industries and a new ITT Corp including Sheraton Caesars World casinos and its Rangers stake. Shareholders vote this fall. tax and regulatory clearances needed. Analysts see potential value in separate groups with combined shares valued at 125 to 140 dollars. Rand Araskog cites strong finances and strong leadership across the three units.
MENTIONED IN THIS ARTICLE
ITT Corp
New York Rangers
ITT
ITT Hartford
ITT Industries
Sheraton
Caesars World Casinos
Rangers
New York Stock Exchange
Jack Kelly
Goldman Sachs & Co
Phun Young
Lehman Brothers
Top Fortune 1000 companies for Hispanic executive representation
List ranks U S corporations by Hispanic representation among executives. Notable names include Anchor Glass, Cligo Petroleum, Anheuser Busch, Kendall International, Coca Cola, Harper Group, Wells Fargo, Bank of Calh, Chase Manhattan, Praxair Inc with various counts of executive positions.
MENTIONED IN THIS ARTICLE
U.S
Anchor Glass
Cligo Petroleum — Refining
Anheuser Busch — Beverages
Kendall International Photo Equipment
Coca-Cola — Beverages
Harper Group — Transportation
Welle Fargo
Bank of Calh — Banking
Chase Manhattan — Banking
Praxair Inc. — Chemicals
ITT to break up by business groups plan disclosed
GEST ITT Corporation outlines a breakup along its current business group lines. In 1984 revenue stood around 6.5 billion dollars with about 875 million dollars in operating profit. Chairman Araskog, also head of insurance, led the 1984 revenue figure of about 7.6 billion dollars.
MENTIONED IN THIS ARTICLE
ITT Corporation
ITT History: From Caribbean Beginnings to Conglomerate Breakup
The ITT story traces its rise from 820-International Telephone and Telegraph Co in the Caribbean to a vast conglomerate. Harold Geneen builds a diverse empire of over 250 acquisitions, later reversed by Rand Araskog who narrows focus to entertainment, insurance, and tech, culminating in a 1995 spin off plan. ITT sells telecom ops in 1996 and begins disposing finance units in 1994.
MENTIONED IN THIS ARTICLE
ITT
Caribbean
Avis Rent-A-Car
Continental Baking Co
Canteen Corp
International Telephone and Telegraph Co
Harold Geneen
Geneen
Continental Baking
Sheraton
Hartford Fire Insurance
Rayonier
Rand Araskog
Araskog
IT Corp
Tefe Communications
Alcatel Alsthom
France
Hartford Insurance
Industrial Equipment and Entertainment
Hispanics largely excluded from top corporate roles
A study by the Hispanic Association of Corporate Responsibility finds Hispanics are the fastest growing minority yet hold less than 2 percent of board seats in Fortune 1000 firms. Tampa glass maker Anchor Glass leads with seven Hispanic directors, many from the Sada family.
MENTIONED IN THIS ARTICLE
United States
America
Hispanic Association of Corporate Responsibility
Hisks
Anchor Glass Container Corp
Sada
Florida
Richard Jos Bela
Coalition
Syracuse natives gain posts and awards in finance and publishing
Tim F Murray named director of finance and administration at Pew Charitable Trusts in Philadelphia. Kenneth A Shaw of Syracuse joins Key Bank of New York board. Tony Merschall acquires Empire Orthopedic Labs. Marshall Labs in Syracuse earns multiple awards at national AAFP contest. Daniel Puff receives 1995 media award for financial presentation. hosts Financial Fitness on WCNY TV 24.
MENTIONED IN THIS ARTICLE
Tim F. Murray
Syracuse
Pew Charitable Trusts
Fiiadelphia
Kennath A. Shaw
Changenor GF
Key Bank of New York
Tony Merschall
Empire Orthopedic Labs
Marshall Labs, Ltd
Washington St
Daniel Phufl
Dean Winter Reynolda
American HomePatient Acquires ConPharma Home Healthcare Inc
Tennessee based home health provider American HomePatient buys ConPharma Home Healthcare Inc, expanding with nine locations in New York cities Albany Buffalo Corning Ithaca Rochester Syracuse and more. Susan Royal c/o Company Matters Herald dourat Business Desk P O Box 4015 Syracuse NY 13221 is the contact line for notes.
MENTIONED IN THIS ARTICLE
American HomePatient
Tennessee
ConPharma Home Healthcare Inc
New York
Albany
Buffalo
Corning
Inta
Rochester
Syracuse
Vorbum
Busan Roget
Company Matters
Susan Royal
c/o
Matera
Herald
Dourat Business Desk
P.O. Box
WTO backs off on ruling in US Japan auto dispute
WTO director general Renato Ruggiero urged a quick settlement of the US Japan battle over access to Japan's auto and auto parts market. He said a formal panel ruling could threaten the fledgling body's credibility and warned against a legalistic approach in this delicate, nationalist dispute.
MENTIONED IN THIS ARTICLE
United States
Japan
Renato Machiero
WTO
Ruggiero
U.S
ISS
Modest May inflation signals possible Fed rate cut
May inflation rose 0.3 percent led by gasoline gains the core CPI rose 0.2 percent. Retail sales recovered slightly after a 0.3 percent drop in April. Fed policymakers meet July 5-6 to review the economy and decide on rates.
MENTIONED IN THIS ARTICLE
Federal Reserve
Labor Department
Commerce Department
Fed
Also Mentioned on This Page
DreamWorks Studio
Creative Alliance
Hugh Carey
Siti Cuichin
The
ASSOC
Angrenstrum
Multiline
To ‘Sheraton and
Ciga Hotels
Cesar’s World Wanitos
Madison Square Garden
New York Knicks
Hangers
Nt . Industries
Treva Engen
Exec
Timashk
Ham
Knight-Ridder Newspapers
Association of Free Community Papers
Agency
USS
New York Times News Service
World Trade Organization
Geneva
Trat
Washington
Tokyo
Serge Free
Usasondiem
Ale He
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