Banks face threats despite strong balance sheets
Moody's notes large banks show their strongest balance sheets since the early 1970s due to fee income and big corporate loans offsetting credit card losses. Yet threats loom from nonbank firms moving into mutual funds, while banks push tech use and investment banking to lift profits. questions remain about sustainable, high double-digit earnings growth.
MENTIONED IN THIS ARTICLE
New York
Moody's Investors Service
Nonbank En
Moody's
Treva
Sharon Haas
Thomson Bank Watch, Inc
Tidiuchom
Ms. Haas
Consumers see rising confidence despite inflation fears
The Conference Board reports consumer confidence rose to 123.6 in June from 127.9 the prior month. Lynn Franco notes optimism remains despite inflation concerns and no immediate Fed rate hike, with the index the highest since August 1969 at 1317.
MENTIONED IN THIS ARTICLE
Conference Board
Agun Coatuangstons
Selene
Fcrm
Lynn Franco
Consumer Research Center
Federal Reserve
Sage Marketing Communications long-time B2B agency profile
Sage Marketing Communications, founded in 1967, is a national full-service B2B marketing agency with 49 employees across three of ten offices and Atlanta. Owners Vincent P. Arciuoli and John F. Favalo describe its open loop planning approach, client relationships, and growth aims including an office in Chicago and expanded computer-based work.
MENTIONED IN THIS ARTICLE
Sage Marketing Communications
Erle Bld
Vincent P. Arciuoli
John F. Favalo
Sage
Ten
Atlanta
Favalo
Sagemarcom.com
National
Vincent
Chicago
Ellen Blalock
Jean Vincent
Monica Seipert
Mike Parker
John Favalo
Marsellus Casket Co. Sold to SCI in Major Death Care Move
Marsellus Casket Co, Syracuse's long‑time family business, is being bought by Service Corporation International, the world's largest funeral home chain. SCI will keep Marsellus in operation in DeWitt, preserve 800 jobs, and distribute Marsellus caskets across its 2,832 funeral homes worldwide.
MENTIONED IN THIS ARTICLE
Marsellus Casket Co
Syracuse
Service Corporation International
Marsellus
John D. Marsellus
SCI
Hollis Funeral Home
Pirro&Sons Inc
Bagozai Twins
Thomas Schepp
Russell H. Schepp & Son Funeral Home Inc
Minca
Ene Canal
Mar
Sellus
DeWitt
Marsellus Casket
Greater
Michael Beardsley
Brian Greenhouse
Larry English
Cost cutting brings work back home to Lockheed Martin
Lockheed Martin and Local 320 of the International Union restructured contracts to boost flexibility and productivity. The changes reduced costs and revealed in house work could beat subcontractor prices, shifting radar and sensor system production from outside vendors to Salina Ocean plant employees.
MENTIONED IN THIS ARTICLE
Lockheed Martin
Lockheed Martin Corp
Salina Ocean
International Electronic, Electrical, Salaried, Machine & Furniture Workers
David van Dyke
Lockheed
Robert D. Morin
David A. Farrell
Morin
Salvation Army announces staff appointments in Syracuse
Diana Stanley of Cazenovia named development director overseeing events campaigns gifts and appeals. Patt Donahue of Syracuse named volunteer coordinator for recruitment and retention in social services. Tricia Pelligra of Westvale named Booth House director. Robert L. Valentine of Syracuse elected contact officer at Onbank & Trust Co. Pioneer Warehouse wins Abbott/Ross best warehouse award.
MENTIONED IN THIS ARTICLE
Salvation Army
Syracuse
Diana Stanley
Cazenovia
Stanley
Patt Donahue
Tricls Pelligra
Westvale
Booth House
Robert L. Valentine
Onbank & Trust Co
Valentine
Outstanding NY development staff named at NY office
Rebecca Walsh of Syracuse the Euclid residence. Autumn Novakowak of Jamesville East Syracuse facility. Sharon Spencer of Marcellus recognized as top admin staff. Susan Royal solicits business news for Company Matters in Syracuse. photos rarely used. Published weekly Tuesday to Friday.
MENTIONED IN THIS ARTICLE
Gentral New York Development Services
Rebecca Walsh
Syracuse
Euclid
Autumn Novakowak
Jamesville
East Syracuse
Sharon Spencer
Marcellus
Company Matters
Susan Royal
c/o
Herald- Journal Business Desk
P.O. Box
N.Y
Syracuse jobless rate stays low as May adds jobs
The Syracuse area added 1,100 jobs in May with a 0.3 percent rise across Cayuga, Madison, Onondaga and Oswego counties. Unemployment remained at 6.2 percent statewide and 4.7 percent nationwide, with Onondaga County at 3.6 percent, Cayuga 3.6, Madison 4.5, and Oswego 6.4. Construction and retail led gains while service jobs fell. Karen Knapik-Scalzo of the Labor Department noted the area has regained 27 percent of pre-recession jobs.
MENTIONED IN THIS ARTICLE
Syracuse
Cayuga
Madison
Onondaga
Oswego
Karen Knapik-Scalzo
State Department of Labor
Labor Department
United States
Onondaga County
Local unemployment trends in four county area
Unemployment in the four county Central New York region shows rates near 9 percent over the past year. April’s rate was 43 percent for the months MJJASONDJFMAM 08 1997, reflecting varying labor market conditions across the period.
MENTIONED IN THIS ARTICLE
York Area
AT&T to present slamming remediation plan in NY PSC
AT&T was to tell New York state regulators how it will fix slamming practices at a Public Service Commission meeting in New York City. The PSC demanded a plan after 389 complaints from January 1996 to February 1997. The act requires states to craft discounted telecom service plans for schools, branches and rural health care providers.
MENTIONED IN THIS ARTICLE
At&t
ATET
State Public Service Commission
New York City
PSC
David Flanagan
Flanagan
Tim Kner
Also Mentioned on This Page
Banks
Newslink
EEE Ruse
Ines Reet
Were
Money Markets
Dow Jones
AMEX
Holline Sevva Evere
Qaar
Tona M John
James T. Mulder
Pioneer Warehouse and Distributing Co
Abbott/Ross Laboratories
Pioneer Warehouse and Distribution Co
New York State
New England
Donahue
Coun
Chenango
Cortland
Jefferson Li
Lewis
Oswens
St.Lawrence
Seneca
Tompkins
NY State Department of Labor
Syracs
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