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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Mar 08, 2000
Page
10
Nasdaq edges past 5000 with a surge in technology stocks while the Dow Jones average resumes its slide. The market shows volatile moves as investors weigh gains in electronics shares against broader weakness, with the Dow ending lower.
Solvay Bank announced a new full service branch at Peter's Plaza in North Syracuse at Tatt Road and Route 11. It will begin operations on a Monday with reduced loan rates and bank fees and a special March CD rate for new customers. Pat Carbone of North Syracuse will manage. The bank also completed a 5,060 square foot expansion of its main office at 1537 Milton Ave in Solvay.
Stephen P. Gross of Syracuse has been named commercial real estate loan officer for Charter One Bank NA with loan development duties in Syracuse Binghamton and Watertown. Rachel M. Drennen joins Graham Newton & McMahon Inc. as insurance sales. Ray Friedman named WCNY payroll accountant. Pete Headd named director of the Center for Lifelow Learning at WCNY. Stephanie Crockett named account executive at J.T. Spach & Associates in Syracuse.
Syracuse based Applied Theory, a Times Square spin-off, plans to hire 125 more workers over 13 to 19 months, boosting local employment to 450. Most new jobs go to network and software engineers split between Salina and Harrison Street offices. The company will invest 4.5 million in equipment and renovations, seeking sales tax relief from the county IDA.
FOCUS Greater Syracuse says about $1.2 billion in new money has flowed into the community since its start nearly three years ago. Executive director Charlotte Holstein noted the total will rise when the tally is finalized in April at the I Love Central New York luncheon in Onondaga County. The count includes money from conventions, festivals, redevelopment funding, federal contracts with local industries, and college grants, aimed at advancing the 87 goals like bike paths and eliminating racism.
AT&T asks the Federal Communications Commission to suspend Bell Atlantic's right to sell long distance in New York until it fixes delays in switching 32,000 of 200,000 local customers to AT&T. AT&T cites orders lost or delayed as Bell Atlantic mishandles its local network access for rivals.
Bonwit Teller at Carousel Center announces a final sweeping sale before the Pyra-Mid Cos closes the store. The 62,000 square foot Bonwit shell will house Courtyard at Carousel Center with new retailers. Contempo Casuals, Gap, Gap Kids, and Old Navy openings loom this spring as other tenants move in.
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