Penn Traffic reports first quarter rise in revenues
Syracuse based Penn Traffic Co said first quarter revenues rose 62 percent from 810 million to 860 million after it added stores in Pennsylvania bought from American Stores Co. The firm owns P C Foods and operates 274 supermarkets in New York Pennsylvania Ohio and northern West Virginia. Cash flow climbed 25 percent to 56.5 million though chairman Gary D Hirsch called operating income and cash flow weak due to adverse sales trends.
MENTIONED IN THIS ARTICLE
Penn Traffic Co
Pennsylvania
American Stores
Penn Traffic
P&c Foods
Gary D Hirsch
United States
New York
Ohio
West Virginia
Technology slides as Dow gains amid tech retreat
Markets opened mixed as investors dumped technology shares while the Dow Jones Industrial Average rose slightly. Dealers cited weaker demand for computers and semiconductors, with the Nasdaq composite slipping and broader losses on major exchanges.
MENTIONED IN THIS ARTICLE
Dow Jones
Wall Street
Nasaag
New York Stock Exchange
Don Jones
Faoa
Stock Quote Hotline Description and Access
The Herald Journal announces a free around the clock stock quote hotline offering rotations on NYSE AMEX and NASDAQ quotes via a touch tone phone. Call NewsLine at 472 211 enter the category YISY and explore insider information.
MENTIONED IN THIS ARTICLE
Herald-Journal
Fordrections
Mornington Way Gifts boosts Central New York clientele
Terri Fowler runs Mornington Way at 183 Walton St Syracuse with three employees. The gift shop specializes in customized client and employee gifts ranging from five to three hundred dollars and aims to expand with a corporate meeting space, a Christmas annex, and a larger showroom as demand grows. Fowler notes strong service and market follow-through as keys to success.
MENTIONED IN THIS ARTICLE
Mornington Way
Walton St
Syracuse
Terri Fowler
Fowler
Central
New York
Wkfm-Fm
Albert Fan
Recall of potentially tainted cigarettes by Philip Morris widens
Philip Morris began a recall of about 8 billion cigarettes over tainted filters possibly causing irritation and coughing. By Tuesday more than half were removed from shelves, mainly from large retailers, but many stores still sold affected stock while awaiting company visits. Refunds offered to smokers and reimbursements to retailers.
MENTIONED IN THIS ARTICLE
Philip Morris
St Hapes
Karen Daragan
L 8 Tobacco Company
Tobacco Company
Philip Morns
Hoechst Delanese
Somerville, NJ
Law firm adds two partners and board changes in Syracuse
New partners Sharon A Sutter and Danny Louis Mevec join O Hara G Connell in Syracuse at Sale One Kundred Salina Wadows Parkway. Sharon Northrup of Fayetteville elected president of CONTACT Syracuse Inc. Central New Yorks 24 hour telephone counseling and crisis intervention service adds Callahan DeWitt Muoio Wiggins Hartnett DeVencenzo to its board. Creative Broadcast Associates Inc becomes Creative Media Salon in Syracuse.
MENTIONED IN THIS ARTICLE
Sharon A. Sutter
Danny Louis Mevec
O Hara & G Connell
Salina Wadows Parkway
Syracuse
Sharon Northrup
Fayetteville
Contact
Syracuse Inc
Central New Yorks
Oasis Intervention Cervica
Elet Callahan
DeWitt
Geraldine Muoio
James Wiggins
Edward Hartnett
Manlius
Jana DeVencenzo
State University of New York
Morrisville
Genesee Street firm earns financial consultant charter
The Syracuse firm at Genesee Street was awarded the Chartered Financial Consultant degree from the American College of Bryn Mawr Pa. Geherin Interiors in Syracuse won a contract for space planning and design for TRW Union Springs renovating 15 000 square feet to include office space for managerial and support staff in an automotive plant. The project features touch screen presentations an in house production for interactive video on laser discs and CD ROM and a Pinnacle 3D digital effects generator in the main on line Betacam editing suite. Terrence M Tormey a co founder of Tormey Friencies Group 430 c Susan Royal is to be included in Company Matters. Herald Journal Business Dash PC Box 4915 Syracuse NY 13227.
MENTIONED IN THIS ARTICLE
FCC
Newt Gingrich
Progress and Freedom ‘Foundation
Federal Communications Commission
Jay Kerworth
Foundation
Progress and Freedom
Justice Department
Peter Huber
Reed Hundt
Ing
Ttas
Genesee St
Sute
Syracuse
Chartered Financial Consultan
American College of Bryn Mawr
Geherin Interiors
Clinton Square
Trw-Union Springs
Orice
Company Matters
Susan Royal
c/o
Herald-Journal Business Dash
Tax break on home loans safe for now
The Mortgage Bankers Association and allied groups say they have blocked Senate Finance Chairman Packwood's plan to cap the mortgage interest deduction at 250000, preserving the 1 million dollar limit. Backing from Dole and key House leaders helped reassure proponents despite a high-stakes lobbying blitz affecting 28 million homeowners and billions in tax savings.
MENTIONED IN THIS ARTICLE
Congress
Yogi Berra
Stephen D Dhester
National Association of Realtors
Senate
Bob Packwood
Ore
Dhiesler
Bob Dole
R-Kan
Pack- Wood
House
Newt Gingrich
Rga
Dick Armey
R-Texas
Ways and Meats Committee
Bill Archer
Rtexas
Dhesler
Packwood
Mortgage Bankers Association of America
California
American Bankers Association
Bankers, Realtors
National Association of Home Builders
America’s
Community Bankers
Mike Ferrell
Mortgage Bankers Association
Consumer confidence nudges lower in May after strong start
The Conference Board reports May consumer confidence slipped to 101.6 from a revised 102 in April, yet remains above March and January levels. The index, based on 105,000 households, shows present conditions softened while expectations for the next months remained resilient, with 22 percent saying jobs are plentiful and 17 percent foreseeing fewer jobs.
MENTIONED IN THIS ARTICLE
Conference Board
Bat the Business Research Group
Orowth
Aual
Fabian Linden
Also Mentioned on This Page
P&c
Bob Medt
the Herald American
Nn Peters
StockQuote Hotline
The
Associated Press
CCNA
Philip Mors USA
Philp Moris
Company
Concord
Cadence
MITC
Hoechst Celanese
Hoechst
Lee Cason
Hoechst AG
Pop Morris
World Health Group
World Health Organization
Daniel L Spiegel
Geneva
World Bank
Hiroshi Nakayma
UN Health Agency
A Who
France
Sad
Spiegel
Russia
Japan
Canada
Australia
Pakistan
Senegal
WHO
Unicef
U.N. High Commissioner For Refugees
U.S
Alpine
Lars Benson & Hedges Brstol
Best Buy
Shedd
Cambridge
Bronson Sounce
Philip
Moms
Creative Broadcast Associates Inc
Syratus
Creative Media Salon
Terrence M Tormey
Northrup
PM Tae Ag
U. S
Index
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