Wall Street frets before expected sixth rate cut
Wall Street edged lower as investors awaited the Federal Reserve Board decision on rates after a string of profits warnings and layoffs from Merrill Lynch and other big firms. Merrill Lynch fell 5.48 to 60.97 as it disclosed up to 3,300 job cuts and a second quarter revenue drop from the first quarter’s 6.43 billion.
MENTIONED IN THIS ARTICLE
Macks
Merrill Lynch
Wall Street
Federal Reserve Board
Fed
Confidence up in June despite mixed outlook
The Conference Board reports US consumer confidence rose to 1179 in June from 11611 in May, with May revised upward. Lynn Franco notes optimism about business and job prospects over the next six months. Niagara Mohawk Local 97 members vote on a three-year contract after a tentative deal. Magara Mohawk markets nuclear plants amid talks on a long-term rate plan and a merger with National Grid.
MENTIONED IN THIS ARTICLE
Conference Board
Lynn Franco
Bicards Consumer Research Center
Niagara Mohawk Power Corp
International Brotherhood of Electrical Workers Local 97
Local 97
Magara Mohawk
National Grid Group of
Great Britain
Syracuse professionals named to executive roles and promotions
UNMIS Jim Hahn of Syracuse named indirect account executive for Sprint PCS in charge of employee management training and dealer updates. Bert Schmidt becomes executive VP at WCNY Public Broadcasting Central New York guiding a $126 million capital campaign to digital conversion. Patti McAloney promoted to production manager at The Syracuse Newspapers joining 1997 staff. Mike Stern leads Production. Kim Reeves named major market account executive for Sprint PCS Syracuse region, formerly with Broadview Networks. Richard Murphy attends 2001 Million Dollar Round Table in Toronto, Canada.
MENTIONED IN THIS ARTICLE
Jim Hahn
Syracuse
Sprint Pcs
HAHN
Bert Schmidt
Wcny Public Broadcasting
New York
Schmidt
Patti McAluney
Broadview Networks
Reeves
Syracuse University
Richard Murphy
Guardian Life
Toronto
Canada
Susan Royal
HMOs in Central New York criticized for low mood care
A New York State Health Accountability Foundation report card finds only 9 to 27 percent of HMOs in Central New York provided at least three follow-up visits within 12 weeks of a low mood diagnosis. Nationally 21 percent and New York 32 percent met the standard.
MENTIONED IN THIS ARTICLE
Central New
New York
New York State Health Accountability Foundation
John McGrath
McCrath
Rating of HMOs in Central New York by member scores
Members rated HMOs on a 1 to 10 scale. MVP Health Plan 70 percent rated 8 9 or 10. Univera Healthcare of Central New York 66 percent. United Healthcare of Upstate New York 61 percent. HMO Blue 59 percent. HMO CNY 58 percent. Aetna U S Healthcare 49 percent. Source unclear.
MENTIONED IN THIS ARTICLE
New York
Aetna US
Hmo-Cny
Blue Cross BlueShield
CNY
MVP Health Plan
Unvera Healthcare Cny
Central New York
Univera Healthcare
HMO
Central
Net York
Percen United Healthcare
Upstate
HMO Blue
Aetna U.S. Healthcare
Sours Dobridbnty Roundatar
Privacy questions arise as grocers track shoppers
Card programs at Peter's Wegmans Price Chopper and Sam's Club collect buying data for promotions and coupons while vowing to protect privacy. Some stores require Social Security numbers or licenses for check cashing. California law proposed in 1999 aimed to limit data use but no such law exists. A past case in Los Angeles raised concerns when a shopper alleged access to buying history influenced a settlement offer.
MENTIONED IN THIS ARTICLE
Les
LWO
McCormick
Peter 4
Peter's
Wegmans
Price Chopper
P&c
Sam's Club
Terry McCormick
Peter's Grocer
Marc Jampale
California
Supermarket Club
New York
States
Consumer Protection Board
Penn Traffic
Syracuse
Jampole
Ecards
Robert Rivera
Vons
Los Angeles
Rivera
Safeway
Carrier Corp union elects new officers amid slowing sales
The Sheet Metal Workers Local 27 at Carrier Corp in DeWitt elected Richard W Simone as business manager replacing Bruce Evans. Frank Larea became president with Dawson Minsch staying as vice president. The changes come as Carrier faces weaker demand for air conditioning and refrigeration products and layoffs at the Carlyle Compressor division, with about 50 workers on leave.
MENTIONED IN THIS ARTICLE
Carrier Corp
Richard W Simone
Bruce Evans
Carrier
de Witt
Carlyle
Evans
Simone
Empire State College
New York moves to curb auto insurance fraud
New York state proposes tighter auto insurance rules to curb fraud and lower costs. Changes backed by Gov Pataki would shorten claim filing times, raise penalties, and boost enforcement while offering more coverage options for drivers. Critics warn it could squeeze accident victims and erode consumer rights.
MENTIONED IN THIS ARTICLE
New York
State Insurance Department
Gregory
Serio
George B Pataki
State Assembly
Alexander
Pete Grannis
New York City
Assembly
Grannis
Serto
Russ Haven
Public Interest Research Group
Nypirg
Consumer Advocate
Jerio
Also Mentioned on This Page
NiMo
UNMIS
Hmos
National Committee On Quality Assurance
Foundation
McGrath
the Foundation
IPRO
Kristal Berger
Baldwinsville
the Wegmans
DeWitt
KIM Orit
Charley Hannagan
Matthew Chadderdon
Chadderdon
N.Y
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