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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Jun 29, 2001
Page
9
Honeywell proposes reducing GE stock payment to salvage a merger facing EU antitrust scrutiny. The plan lowers the deal value from 41.7 million to 395 billion, with GE now to divest 11 billion of assets after a spin off. If GE agrees, Honeywell shareholders must approve.
A federal appeals court kept Microsoft intact for now after overturning a breakup ruling. Analysts say the PC world is shifting toward cyberspace and web use, while consumers face continued reliance on Microsoft products and features with Windows XP due later this year. Opinions vary from concern over antitrust outcomes to skepticism about future competition, with MIT and Austin voices reflecting mixed views on monopoly and innovation.
The U5 Court of Appeals partly reversed the breakup of Microsoft after noting U5 District Judge Thomas Penfield Jackson made derogatory comments during and after the trial. Jackson called Gates Napoleonic and arrogant, and said Microsoft officials do not act like grown-ups. He defended the breakup as necessary while criticizing appellate judges as supercilious and lightly experienced.
Officials of the New York Indoor Environmental Quality Center will announce a new research and development program aimed at public health and job creation. A news conference is set for 10 a m at the Institute for Human Performance. SEC warns investors to seek broad sources beyond analyst recommendations. Bank One pivots Wingspan Bank online venture, folding 225,000 customers into its site after $150 million spent.
ee AE Sik Jay L. Jackler moved to Ca zenovia College as chief financial officer and VP. George Deptula of Syracuse. Sister Kathleen Osbert of Fayetteville. John Driscoll of Skaneateles. Charles Zimmerman of Liverpool elected to the St. Joseph's Hospital Health Center board, with ties to law, banking, and accounting firms.
The Postal Service plans to close the East Syracuse Remote Encoding Center by June 2002, eliminating 373 part time jobs and reassigning 73 career staff. Work will be moved to Albany, Salt Lake City, and Glendale centers, with potential moves up to 250 miles for some workers. The move follows new job adds at other centers and draws questions from politicians and union officials.
Union Local 97 members around New York state finish ballots on a proposed 32 month labor pact at Niagara Mohawk. Officials say results may be delayed until Saturday as 4,800 workers weigh wage raises of 3 percent for two years and 29 percent in year three plus incentive pay and pension changes. If rejected, talks or a strike could follow by deadlines this week with mediators and national IBEW involved.
Catherine's Plus Sizes anchors a planned summer opening at Western Lights Plaza, joining Fashion Bug next to an aging Geddes center undergoing a multimillion dollar revival. Charming Shoppes Inc owns Catherine's and several other brands, with plans to attract more national retailers to the western suburbs.
A reader emails about Bob Conger potentially wooing Jimmy Buffett to open a Margaritaville themed restaurant here amid rumors of other retail moves. The note mentions a HomeGoods or TJ Maxx concept for Fayetteville Mall renovations and cites local columnists speculating on such store fits and future openings.
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