American Greetmes Shares Decline After Flan Post
The company reports a loss of 86 dollars and 2.01 per share on 8.632 billion, compared with 0.79 last year. Plans to close plants were not announced and remain unresolved.
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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Mar 28, 2001
Page
11
The company reports a loss of 86 dollars and 2.01 per share on 8.632 billion, compared with 0.79 last year. Plans to close plants were not announced and remain unresolved.
Construction delays push the all-suite Hawthorn Suites Armory Square at Clinton and Jefferson streets to a May 23 debut. The former Dome Hotel is being renovated into 60 suites with business centers and conference facilities. Opening rates will range from 129 to 169 dollars per night.
Lockheed Martin Global Telecommunications to sell Comsat Mobile Communications to Norway's Telenor ASA for 116.5 million dollars. Comsat Mobile, with annual revenue over 160 billion, provides maritime land and air communications via the Inmarsar satellite network with two earth stations in Southbury Connecticut and Santa Paula California.
Warren Buffett, Berkshire Hathaway chairman and CEO, warned that many U S stocks remain overvalued and are likely to fall further before he views them as good investments. He said he is not doing much buying and has little interest in LS stocks at present.
Taeras Carol A Sames of James Ville was named fitness supervisor for State University of Upstate Medical to Medical University s Institute Human Performance. Sames implements fitness programs and provides individual and health care law practice group. He served as chief operating officer for North Medical PC in Liverpool.
Health Alliance of Central New York sells Health Care Data Systems, a for profit unit serving Crouse and affiliated hospitals, to Flow Management Technologies Inc a Saratoga Springs firm. The sale follows Chapter 11 filing by Crouse on February 21 with about 90 million dollars in long term debt.
Janet Ward of Grapevine Texas suspends car purchase while optimistic about stock recovery by fall. In Milwaukee Timothy Pappas says hiring resumes as economy slows. The Conference Board reports March Consumer Confidence Index at 117 up from 109-2, signaling resilience despite stock volatility. Miami teacher Bran Wheeler notes stable spending, while Beny Fugie and Debor ah Betcher describe cautious optimism and job worries respectively.
The Walt Disney Company plans to cut about 4,000 full time jobs, roughly three percent of its workforce, across all divisions and corporate staff. The move aims to save 850 to 400 million annually, with a one time charge under 250 million. Severance packages and extended benefits will be offered.
Retail readers speculate Baldwinsville will host a major shopping expansion including a new supermarket Lowe's Home Improvement Warehouse and a possible big box store. Local officials note sewer line work and nearby AutoZone and Rite Aid traffic signals. McDonald’s retro diner and Bass Pro Shops World Outdoor expansion are also discussed. Residents push for IKEA though retailer interest remains uncertain.
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