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Syracuse Herald Journal in Syracuse, New York

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Jun 19, 1987

Page

5

Compromise offered to Col North in public testimony plan

Congress probes Iran Contra seek to secure Col Oliver North appearance despite his private testimony objections. Committees aim to avoid contempt, push for public testimony by Aug 7, with a compromise to hold closed sessions to guarantee North testifies on the record. Witness list includes Robinette, Ledeen, Sporkin, Cooper, and DoD officials.

Washington Oliver L. North Capitol Hill House Senate U.S Tran North Brendan Sullivan White House Lee H. Hamilton D-Ind Sullivan Congress Richard W. Cheney Rwyo House Investigating Committee Cheney Coronel Robert Byrd D-W Glenn A. Robinette CIA Virginia Robinette Air Force Richard V. Secord New York Times Edwin Wilson Michael Ledeen National Security Council Iran Stanley Sporkin Charles Cooper Department of Defense Wa Transcript Richard L Gadd Secord William J. Casey Washington Post National Security Robert C. McFarlane

Dey Brothers Keeps Doors Open Amid Closings Rumors

Shoppers and employees celebrate as Dey Brothers remains open after Libby’s planned to close downtown Dey’s. Staff, many with decades of service, discuss severance terms while customers express relief at two major stores staying across Salina Street. Neighbors note rivalry and local loyalty as Myron Musell, Dey’s VP, grins and plans a visit to Vernon Downs.

Ann Devivo Imgerie Devivo Josephine “JoJo” Gaudio Dey Libby's Salina Street Dey’s Syracuse Anne Ellis Liverpool Ellis Toronto Campeau Corp S. Ellis Dey's Sibley’s Sibley's Verna Mae Boyes Boyes Clinton Street Sibley

Dey Brothers executives hunt funds to buy four Syracuse stores

Dey Brothers executives face a difficult task raising an estimated 16 million to 25 million from banks or outside investors to buy the four Syracuse area department stores. May Department Stores decision to end the purchase leaves the stores with Campeau Corp. Manley remains optimistic about a new offer aided by an outside financier.

Ned Manley Dey Brothers May Department Stores Ca Campeau Corp Allied Stores Corp Manley Lke Manley John Konarski Syracuse University Syracuse Area Campeau Syracuse Allied Dey Image Munley May Campeanu David Connor Carroll Corp Muniey J. Patrick Barrett Fayetteville Avis Inc Barrett Securitier and Exchange Commission

May Faces Tough Trade Off Over Dey Brothers Deal

May considers buying Dey Brothers as part of a Syracuse downtown redevelopment, while experts warn the deal may force a leveraged buyout. Officials from Eagan Real Estate remain noncommittal as Sibley’s contemplates keeping two Syracuse stores. Local leaders express cautious optimism about keeping a downtown department store open amid possible market shifts.

Eagan Real Estate May Fairmournt Pair John Konarski Syracuse University Sibley Syracuse Matthew Serra Serra Konarski Sib

Also Mentioned on This Page

Col. North Marie Stanley Josephine Gaudio Bourdon Myron Musell Personel Vernon Downs Rearm Ole 7 Anita Baldwin Dey Brothers Downown Page Ley Subley Irwin Davis Metropolitan Development Association Young Opstate New York Ers Seetal Ey's Tewart Bud” Andrews Canada Realties Ltd Mater Andrews Onondaga County Public Library Manley's Group Galleries Brolo Dey Brothers
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