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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Jun 26, 1996
Page
7
Gerber will offer a starch and sugar free menu for babies, changing 121 of 190 products. Older children foods may keep starch and sugar. The shift, over six months, aims to grow a healthier market and respond to concerns about additives.
The Wall Street Journal reports NYNEX and Bell Atlantic plan a revised merger structure to cut states needing antitrust and congressional approval. The plan features Bell Atlantic issuing 345 million new shares to NYNEX and a streamlined path to regulatory clearance while preserving the overall value and exchange ratios of the deal.
The IFT annual student series contest recognized Cornell University for a pencil shaped cookie. a second tie went to Cornell, with Minnesota previously dominant. A new winner named Strins. a chocolate coated, potato-tasting cookie impressed judges with 90 of 100 points. Corning Inc plans to double its Canton plant adding 75 jobs. construction starts soon with completion expected spring 1997.
Gob and Shari Pettinato own Gour mat Pantry at 111 Brooklea Drive Old Limestone Plaza Fayettevel offering deli import groceries specialty foods gift baskets and catering. In eight months they built a local following despite a poor location, relying on tastings to draw repeat customers.
The AFL-CIO gave a lukewarm endorsement to President Canton's overtime pay proposal while warning against erosion of workplace protections. Clinton seeks 12 weeks of unpaid leave under expanded FMLA plus 24 hours yearly for routine needs and optional flex time with up to 144 hours of comp time, pitted against a Republican plan allowing up to 240 hours of comp time but risking loss of overtime pay. Both sides push flexible schedules with guardrails to protect workers.
Consumer confidence fell to 96.?6 in May, the Conference Board reported, a near six point drop to the lowest since January, with seven of nine regions weaker though New England and the Southwest rose. May home resales rose 14 percent, while mortgage rates climbed a full percentage point since year start, all seen as not altering the Fed’s forthcoming rate decision.
A monthly survey of around 1,900 US households reports early indications on living costs, spending shifts, and consumer sentiment. The study highlights how families adjust budgets amid inflation, with analysts noting modest confidence and evolving buying patterns.
The Conference Board says consumer confidence softened with the present situation and expectations indices slipping from May, but remained above year-ago levels. Analysts note no major deterioration, with regional variances and a still healthy housing market as existing home sales rise to a robust rate of 4.26 million while mortgage rates climb.
In the four-county Central New York region Onondaga Madison Cayuga and Oswego the unemployment rate edged up three tenths of a point from April to May. Despite a net gain of 700 jobs the jobless rate rose as many first time job seekers entered the market. Total employed reached 343100 with 18600 unemployed.
Bristol-Myers Squibb announces recent promotions including Oswaldo Mocete to senior manager accounting and Rits Beard to associate manager general accounting in Syracuse. Judith Arthur Brothers named director of Chadwick Residence for women and children. Paul Kocak earns community service award for school partnership with Gatson Corp. Kathy Tighe Gaye receives lantern award for volunteer marketing services. Anthony Dannible recognized as outstanding discussion leader 1995-96. Parsons Corp in Syracuse ranked fourth revenue producing US design firm by Engineering News-Record for 1995 design billings of 92.7 million.
The Herald Journal announces a free around the clock stock quotation service. Using a touch tone phone dial NewsLine at 72 2111 and enter category 9988 for NYSE AMEX and NASDAQ quotes. For directions enter category 9989.
Raymour & Flanigan Furniture paid 40000 to the state and agreed to reform pricing and advertising practices after a probe found so called sales often carried no basis in reality. Executive denials followed as officials cite false market prices and perpetual sale claims across the chain.
Maryland and seven other states reach a \$1 million settlement with Levita Furniture Corp over claims of deceptively advertised discount prices. New York did not join the suit, but acknowledged consumer protection concerns. The state says Levitz violated laws by advertising price cuts from supposed pulp prices when products were never sold at those prices.
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