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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Mar 17, 2000
Page
12
A trading surge drives the Dow up sharply on Thursday with broad gains as investors pile into technology stocks. The index rises over 40 points in a one day advance amid renewed optimism amid market volatility and past declines in tech shares.
Telergy announced plans to create information storage and retrieval services for hospitals, schools and other clients. For a monthly fee customers gain access to large digital stores including financial records X‑ray images and video, retrievable instantly over Telergy's fiber network, according to Barry Vaughn.
February payrolls in the Syracuse area rose to 366,700 workers, up 1.5 percent from a year earlier and the highest February total on record. Service industries added 2,800 jobs, with wholesale and transportation each up 800 and government up 700. retail fell by 600. Unemployment held at 3.4 percent, while the labor force grew by 7,600 over 12 months as economists forecast continued hiring momentum into 2000.
Two longtime Syracuse advertising firms Crawford Advertising and JT Spach Associates will merge to form Crawford Advertsing on April 1. The new company will operate from 102 West Division Street with David J. Compton as president, Ronald Heath as vice president, and John T. Spach as president.
The C S Cos an engineering construction and operations firm based in North Syracuse won the Greater Syracuse Chamber of Commerce Business of the Year Award for firms with at least 50 employees. The honor was announced at a Wednesday dinner attended by about 800 at the Onondaga County Convention Center for growth staying power workplace innovation and community commitment.
Sharon Yaple named senior vice president at Alliance Bank N A Cortland overseeing retail banking 17 branches and call center. Richard Lambrecht Jr promoted to vice president handling daily financial reporting. Robert Sansone appointed eastern regional vice president of strategic development for MONY Life Insurance. John A Granatori of McClurg Associates certified kitchen designer by NKBA highlighting residential construction and remodeling services.
On Thursday Match Day, 150 medical school seniors at Upstate learned where they will start their residency. Joseph Kim secured pediatrics at UC Davis. Tamara Feldman will train in pediatrics at NYU, while Penelope Hsu heads to pediatrics at LIJ Hospital. Upstate filled all 119 positions, with 54 percent obtaining their top choice and half staying in New York.
Trustees of the New York Power Authority meet to consider purchase offers for two reactors at Indian Point and Fitzpatrick. Dominion Resources bids about 945.7 million plus seven years of fuel, while Entergy contends a 1.12 billion offer, largely contingent. Both bids exceed prior sales, with NYPA to pick a proposal Monday for trustees' recommendation.
Niagara Mohawk will invest 42.75 million for a 16 percent stake in EVonyx, a Westchester County startup developing metal-air fuel cells for devices from cellular phones to generators. EVonyx founder Sadeq Farts aims to bring products to market by mid 2001, with cells ranging from AAA-sized to 1000 kilowatts.
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