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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
May 10, 2000
Page
6
In a terse notice a Pens frame Co statement mentions Joseph and five states where operations are active. Traffic appears to involve P and C Faowsendther supermarket networks.
Mohawk plans to issue secured notes totaling up to 500 million dollars over the next nine years. The notes mature in seven years with a coupon of 8.7 percent and semiannual interest payments. Donaldson, Lufkin & Jenrette Securities Corp. acted as lead underwriter.
Microsoft will respond today to a government plan urging the split of the company into one unit selling the Windows operating system and another selling nearly every other product. The proposal, submitted to Judge Thomas Penfield Jackson, followed his April 3 finding that Microsoft is a monopoly in antitrust violations.
Lockheed Martin employees at its Manetta Georgia plant plan to file two discrimination lawsuits. Attorneys say the suits cover salaried and hourly workers alleging decades of racial taunts pay discrimination and a bigoted atmosphere. DOB line unclear in source.
Sue Zohler promoted to manager of human resources at Pass & Seymour Legrand overseeing HR operations at the Syracuse headquarters. Richard Toth served as a judge for the Crystal Awards in West Virginia and teaches public relations at Syracuse University. Fauneted 1eatort B named editorial page coutor for The Syracuse Newspapers. Dr. David Murray named honorary fellow of the Royal College of Surgeons of England and serves at Upstate Medical University. Suse Revel.
Syracuse Industrial Development Agency agreed to hire Economic Research Associates of Chicago to study the $900 million Carousel expansion and its need for a $250 million government subsidy. ERA will assess job, sales tax, and tourism impacts and the project’s subsidy necessity, with a report due in about a month.
A British Phoenix consortium led by John Towers won the last minute bid to buy Rover from BMW, blocking closures and saving thousands of jobs in Britain. The deal ends BMW's costly six year effort to revive Rover, with analysts remaining skeptical about the venture's future viability.
Three Onondaga County companies will expand this summer, creating 100 new jobs and investing $6.19 million in new facilities. Schneider Packaging Equipment in Brewerton will add 76 jobs and a 35,000 square foot building costing $138 million. Thompson & Johnson Equipment in De Witt adds 16 jobs with a 26,000 square foot facility costing $1.24 million. Syracuse Executive Air Service at Syracuse Hancock International Airport will invest $3.59 million, add eight jobs, acquire an 18,000 square foot hangar and build a 30,000 square foot maintenance facility on Townline Road. The projects are expected to boost air charter and maintenance services. tax benefits requests are anticipated from the county IDC and Exec Air may seek tax-exempt bonds.
After 38 years Crim Furniture will close both central Sauere locations starting Friday. Owner Karl Overton cites a planned phased sale lasting up to 90 days with markdowns on a wide range of home furnishings. Overton says he is easing out while business remains steady and has no complaints.
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