Founder of A ZNet.com faces bankruptcy filing
The Internet company founder faces a bankruptcy filing amid legal and financial pressures. Details remain scarce as authorities review debts and corporate structure.
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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Mar 20, 2001
Page
5
The Internet company founder faces a bankruptcy filing amid legal and financial pressures. Details remain scarce as authorities review debts and corporate structure.
New York State Society of Certified Public Accountants volunteers will provide free tax guidance at 9 am each Monday in Syracuse. Call Juana Gilder at 21470 2198 with name and number. firms Dermody Burke and Brown, Fagharone Grown, and Firley Moran Freer & Bassa will follow up with answers.
Corning Inc revises its 2001 earnings outlook downwards from earlier projections. The company now targets about 1.20 to 1.30 per share for the year, while maintaining first quarter earnings guidance of 0.26 to 0.32 per share. The week of April 24 will see the first quarter report.
The Toronto based Montana's Cookhouse Saloon plans U S growth after a Buffalo test. The steakhouse aims to open 25 to 12 more locations in the United States by 2002 end, adding at least one more in Buffalo and expansions to Rochester Syracuse and Albany.
ee UE Sik e Marlene A. Griffith crowned branch manager at Osorego County Savings Bank Fulton and Gil bank’s Pulas ki’s office. Met Life Financial Services names agency director of sales and marketing Abendroth a certified life underwriter with 15 years in the field. Auburn’s Carol Mistopietre joins Gallinger GMAC Real Estate Auburn as full time licensed sales associate and Cayuga and Onondaga County MLS member focusing on residential property.
Nucor Corp. agrees to buy Auburn Steel Co. for about 30 million dollars. The plant on Quarry Road will be renamed Nucor Steel Auburn Inc and operate as non union. The deal, set to close by April 1, aims to secure raw material supply and maintain steel output in the region.
Relyea Brewing Co owners Ross and Todd Relyea shut down operations at 222 Teall Ave Syracuse after a March judgment of 710,615 against the company. They weigh Chapter 7 bankruptcy, consider personal filings, and seek a contract brewer to preserve the Towpath label and top seller Hopping Mad while payments and startup costs loom.
A majority of Community General Hospital employees joined Local 1189 Upstate SEIU, to cover 946 of 1,171 workers as negotiations begin in April. Hospital management had opposed organizing but will remain neutral while a merger of operations with sister Syracuse Crouse Hospital is explored. The Health Alliance of Central New York oversees both facilities. The union will represent registered nurses, licensed practical nurses, technicians, maintenance, service, and clerical staff.
A Center for Studying Health System Change report finds Syracuse employers rely on insurers and third parties to manage health care costs, showing limited ongoing involvement despite rising premiums. Executives cite weak local leadership and corporate structure as reasons, while some local leaders push for broader engagement with BlueCross BlueShield Central New York and the county medical society.
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