House bill blocks socially beneficial pension funds
The House passed a bill 239 to 179 that bars the Labor Department from promoting socially beneficial pension funds and forbids establishing an ETI clearinghouse. It asserts ERISA requires pension managers to invest solely for the plans' financial interests, challenging prior guidance by Labor Secretary Reich.
MENTIONED IN THIS ARTICLE
Labor Department
House
Bil
Labor
Robert Retch
Reich
Senate
Labor secretary vows crackdown on sweatshops abuses
Labor Secretary Robert Reich met with major retailers to protect Barment workers from poor conditions in sweatshops. He announced government retailer and manufacturer cooperation to enforce labor laws, while noting many of the nation s 20 000 fabric cutting and sewing shops violate rules. He urged stronger enforcement to halt shipments of illegally made goods across state lines.
MENTIONED IN THIS ARTICLE
Robert Reich
Reich
Bristol-Myers Squibb declares two stock dividends
Bristol-Myers Squibb Co. announced a cash dividend of 74 cents per share on common stock and a 50 cent per share dividend on the $2 convertible preferred stock. The common dividend is payable November 1 to holders of record October 6, and the preferred dividend is payable December 1 to holders of record November 3.
MENTIONED IN THIS ARTICLE
Bristol-Myers Squibb Co
Board of Directors
Dow Jones hits record high on low inflation signal
Wall Street rose to new records as inflation data showed restraint. The Dow Jones gained 42.27 points to 4747.21, with the NYSE composite up 1.45 to 300.34 and the S&P 500 advancing 2.60 to 376.51. Volume rose to 355.25 million shares as of 4 p.m.
MENTIONED IN THIS ARTICLE
Wall Street
Dow Jones
New York Stock Exchange
Standard & Poor
Swck- Quote Hotline Promises Free Stock Theology Notations
The Herald-Journal advertises a call in service named NewsLine offering free stock theology notations on NYSE AMEX and NASDAQ listings. Users dial 472-2111 and select category 9988 for information and category 289 for directions.
MENTIONED IN THIS ARTICLE
Tne Herald-Journal
Mediation Firm Rises in Syracuse Led by Philip Henry
RSE Tess operates at 120 E Washington St Syracuse with one employee. Philip M Henry, former engineer at Niapara Mo hawk Power Corp, runs the business eight months old. He aims to educate the Central New York public about mediation and facilitation to build a client base and become a household name.
MENTIONED IN THIS ARTICLE
General Mediation
Seraces
Washington St
Syracuse
Philip M. Henry
New York
Buainesa
Niapara Mohawk Power Corp
Henry
Cilient
Independence cogeneration plant to be discussed at Oswego conference
The newly completed Independence cogeneration plant in Scriba will be the focus of a Thursday conference at State University College at Oswego. Sponsored by Lithe Energies Inc., the $900 million project began generating power in January and is the nation’s largest non utility cogeneration facility. The plant’s output is divided with Consolidated Edison, Niagara Mohawk, and Alcan, while it also produces steam.
MENTIONED IN THIS ARTICLE
Independence
Scriba
State University College
Oswego
Lithe Energies Inc
Consolidated Edision
New York
Niagara Mohawk Power Corp
Alcan
GM to open 200 job locomotive plant near Schenectady
General Motors and Super Steel Products plan a $10 million locomotive plant just outside Schenectady creating up to 200 jobs. An industrial park in Glenville was chosen from 22 sites amid Albany and Saratoga Springs options. The move offers a boost to Schenectady as it recovers from GE layoffs. GM cites a $70 million Long Island Rail Road contract for 23 locomotives with an option for 23 more.
MENTIONED IN THIS ARTICLE
Schenectady
General Electric Co
General Motors Corp
Super Steel Products Corp
Glenville
Albany
Saratoga Springs
Joe Battaglino
Schenectady Area
Real Estate Agent Gains Residential Specialist Certification
North Syracuse agent with Esgan Real Estate earns certification as residential specialist after completing courses in real estate investments legal environments and computer applications for residential specialists. Member of National Association of Realtors and Greater Syracuse Board of Realtors. Richard Flennigen named creative supervisor at Erie Mower and Associates Rochester office. Flannigan former senior art director in Syracuse office honored 1994 work group award for outstanding outpatient care at the Near West side clinic. The award cited fearless approach and response to crises.
MENTIONED IN THIS ARTICLE
Ween Im
Uaiger
North Syracuss
Esgan Real Estate
Geiser
National Association of Frealtors
Greater Syracuse
Thechings Psychiatric Center
Madi- 30m
Syracuse
Orrsida Street Clinic
Near West Side
New Process Gear Division Hires In New Ventura
East Syracuse based Gear Division Inc. announces new employee hires including Dankel Mierorod-Pavick Sr Scott 1 for product engine support. Mention references to Richard Mogen and Baldwinevine Massachusetts Mutual Life Insurance Co. in unclear wording.
MENTIONED IN THIS ARTICLE
New Ventura
Mack Construction Wins Syracuse School Renovation Contract
AR Mack Construction Co Inc of Syracuse selected to construct additions and alterations for the Sanquoit Valley Central School district. An 11.2 million project will add over 60 000 square feet of high school and middle school renovations.
MENTIONED IN THIS ARTICLE
AR. Mack Construction Co. Inc
Gyracuee
Sanquoit Valley Central School
Midie
Weak global economy fuels US trade gap and recovery
The United States posted a worsening current account deficit reaching a record forecast of 165 billion, driven by weaker exports amid a global slowdown led by Mexico. Yet wholesale prices fell slightly signaling disinflation and a potential rate cut path, while analysts expect global demand to improve and narrow the deficit next year.
MENTIONED IN THIS ARTICLE
United States
U.S
Wall Street
Commerce Department
America
Mexico
Allen Sinai
Lehman Brothers
New York
Labor Department
Federal Reserve
Microbrewer wins entrepreneur of the year in New York
Mary Rubenstein, president of Middle Ages Brewing Co. Ltd. in Syracuse, was named entrepreneur of the year by the New York State Small Business Development Center. The minority woman owner, with her husband as head brewer, turned a former Sealtest ice cream plant into a microbrewery producing Grail Ale and White Knight Light for Central New York.
MENTIONED IN THIS ARTICLE
Mary Rubenstein
Syracuse
New York State
Binghamton
Nng Rubenstein
Middle Ages Brewing Co. Ltd
Rubenstein
Snenuags Community College
Marc
Sealtest
Wilkinson St
Jerengery
Robert Varney
SBNC
Aspire ‘Ing
Varney
New York
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Bristol-Myers Squib
Bob. Nicdt
Herald-Journal
The
Herald American
Herald- Journal
Albert Fanning
Iig Perry
Associated Press
Ansechusetts Mutual Life Neurance Co. “En Essociale
Gaher
Flannigan
Soman Fo
Susan Royale
A Company
Herald
Journel Gervineme Deak
P.O
Syracum
N.Y
Gomer Mattara
Canada
Japan
Europe
Vaman
Bureau of Labor ‘Statistics
Jares T. Muldertaft