Dollar slide deepens as Japan resists intervention
The dollar fell to 115.85 yen after Japan’s Kiichi Miyazawa said no market sales were needed, despite nearly 20 yen drop in two days. It traded around 116.76 yen, easing from 118.85, with marks at 1.6407 amid a broader decline from an Aug high. In a separate action, a New Jersey court raised hurdles to AlliedSignal’s 10 billion bid for AMP, blocking stockholder pressure moves while AMP fights the takeover.
MENTIONED IN THIS ARTICLE
Kiichi Miyazawa
Japan
U.S
New York
Tokyo
AlliedSignal Inc
AMF Inc
New Jersey
AMP
AlliedSignal
M T Bank Reports Strong Q3 Earnings Despite Merger Costs
M T Bank Corp reports earnings per share of 8.17 for the third quarter, up 19 percent from a year earlier, including merger expenses with OnBank. Excluding those costs, earnings rise to 6.81 per share, up 2.8 percent from 6.62 the prior year, reflecting strong performance even after integration costs.
MENTIONED IN THIS ARTICLE
M&t Earings
M&t Bank Corp
OnBank
Centro bus driver nets second in U S national event
Neil Weaver of Centro Cayuga finished second in the National Bus Road event in Brooklyn last weekend. He is the first Centro driver to place so high among 128 competitors from across the country. Weaver has 10 years with Centro Cayuga and the competition tests maneuvering an obstacle course along with overall bus knowledge safety and appearance.
MENTIONED IN THIS ARTICLE
Neil Weaver
Centro
Cayuga
Brooklyn
Weaver
Centro of
Former Fay's execs buy Bennett share of Ferris
Cygnus Management Group led by former Fay's executives will buy the Bennett interest in Ferris Industries of Vernon Oneida County. The 2.5 million deal funds Ferris working capital and buys out Bennett's 45 percent stake, lifting the chapter 11 encumbrance.
MENTIONED IN THIS ARTICLE
Fay’s
Bennett
Fay’s Inc
Bennett Companies
Ferris Industries Inc
Vernon
Oneida County
Ferris
Cygnus Management Group
Cygnus
Henry A. Panasci Jr
Fay's Inc
JC. Penney Co
Fay's
Eckerd
Cygnus Management
Panasci
Ferris Industries
Bennett Financial
David Ferris
Patrick R. Bennett
Patrick Bennett
Ferris’ Industries
Critelli builds Power Line into regional success
Delores Critelli grew from a lemonade stand to head Power Line Constructors Inc, a $12 million, nearly 100-employee firm based in Clinton. She earned a Syracuse University degree at 40 after night classes, led the company through major projects in Syracuse including the Signal Interconnect Project, and has no plan to retire as she remains focused on growth and quality.
MENTIONED IN THIS ARTICLE
Delores Y. Critelli
Utica
Critelli
Clinton
Critelii
Dun & Bradstreet
Entrepreneur
Power Line
Syracuse
Syracuse Hancock International
New York State Department of Transportation
George Angeloro
State Dot
Delores Critelli Obernessen Leads Power Line Constructors Inc
Delores Gritelli Critelli serves as chief executive officer of Clinton based Power Line Constructors Inc, an electrical contracting firm founded in 1963. She oversees electrical work and traffic signal projects including the Ithaca Syracuse Interconnect and related installations. Critelli has three children, two sons David and Steven who joined the company in 1976 and 1998 respectively, a daughter Jaynes who is a songwriter, and seven grandchildren. Her hobbies include photography cooking and European travel. Her philosophy emphasizes staff loyalty and recognizing the value of her team.
MENTIONED IN THIS ARTICLE
Syracuse University
Critelli
Power Line Constructors
Power Line
Delores
Gritelli Obernessen
Critelliness
Power Line Constructors Inc
Ithaca
Syracuse
David
Steven
Jaynes
Annays
Europe
Penn Traffic reports slight September sales dip modest improvement
Penn Traffic’s September same store sales fell 0.6 percent from a year earlier, a smaller decline than recent months. Interim CEO Claude Incaudo notes August drops and hints October could be tougher, while New York stores including P&C Foods and Quality Markets perform well and progress toward a broader turnaround. The firm seeks union concessions in Pennsylvania to enable Bi-Lo sales and shift funds to other units as former CEO Hawkins exits.
MENTIONED IN THIS ARTICLE
The
Penn Traffic Co
Incaudo
Penn Traffic
P&c Foods
Incando
Federal Securities & Exchange Commission
New York State
Quality Markets
Pennsylvania
Treaudo
P&c
Ohio
Phillip Hawkins
Big Bear
Hawkins
Bennett units win court OK to sell Harold's Club casino
A bankruptcy judge approved the sale of the defunct Harold’s Club casino in Reno for 2.9 million to Harrah’s Entertainment after a dispute over Shamrock Holdings Group Inc. control. The sale funds would pay Bennett creditors as Breeden remains trustee amid ongoing friction with U.S. Trustee Van Baalen over asset recovery and Shamrock oversight.
MENTIONED IN THIS ARTICLE
Bennett
Nevada
Harold's Club
Reno
Shamrock Holdings Group Inc
Shamrock
Bennett Gambling
Richard C. Breeden
Bennett, Companies
Harrah's Entertainment Inc
Rah
Breeden
Ain
U.S
Guy van Baalen
Bennett Companies
Theovernment
Syracuse Companies
Patrick R. Bennett
Bank
van Baalen
Also Mentioned on This Page
Dollar
Miyazama
James T. Giles
Allied Signal
Herald-Journal
Wall Street
Mutual
We Secrerside Vetevan
Dow Jones
AMEX
Charley Hannagan
Elizabeth Doran
NYPA
Angeloro
New York State Power Authority
Massena
Marcy
Com
Pany
New York State Fair
Carrier Corp
Elmer Wahl
Niagara Mohawk
Wah
Wahl
Eequecpve
America
Syracuse Signal
Claude Incaudo
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