Backup day care a growing trend for firms
New York AP report notes a surge in employer backed backup day care as a solution for parents on maternity leave. Companies like JPMorgan and Chase Manhattan cut turnover and absenteeism by providing centers, often cheaper than on site care, with programs expanding nationwide including 38 centers from Bright Horizons and 18 from Children First Inc.
MENTIONED IN THIS ARTICLE
New York
Susan Deland
J.P. Morgan
Deland
Morgan
Hewitt & Associates
Hillary Rodham Clinton
Manhattan
Sony Music Entertainment
New York State
Children First Inc
Bright Horizons Family Solutions
Chase Manhattan Bank
Xerox to buy Tektronix color printing division for 950 million
Xerox Corp reaches a 950 million deal to acquire Tektronix color printing division, placing Xerox second to Hewlett-Packard in office color printing. The acquisition aims to blend Tektronix color tech with Xerox black-and-white workgroup printers, with closing expected within 60 days pending regulatory approval. Tektronix stock rose then steadied. Xerox shares dipped slightly.
MENTIONED IN THIS ARTICLE
Stamford, Conn
Xerox Corp
Tektronix Inc
Xerox
Hewlett-Packard
Tektronix
New York Stock Exchange
Tomko Chrysler showroom demolished in Avon Lake renovation
Ed Tomko Chrysler Plymouth Jeep in Avon Lake demolished its six car showroom and offices as phase two of a renovation began. Paul Tomko said the new showroom will triple in size to display 20 cars within three to four months. The dealer, active for 22 years, expects continued strong business after adding Jeep to the line in 1994.
MENTIONED IN THIS ARTICLE
Avon Lake
Ed Tomko Chrysler Plymouth Jeep
Paul Tomko
Tomko
Jeep
Walker Road
Yomko
Ed Tomko
Chrysler Plymouth
Gedler
Stern Publishing to Sell Free Times Chain
Leonard Stern announced the sale of Stern Publishing, owner of the Free Times and LA Weekly, plus Village Voice and other alt publications. The company, with 500 employees and over 80 million in annual revenue, may fetch up to 200 million amid industry consolidation.
MENTIONED IN THIS ARTICLE
Stern Publishing
The
Free Times
Cleveland
LA Weekly
New York
Village Voice
Rupert Murdoch
Leonard Stern
David Schneiderman
Seattle
Minneapolis-St. Paul
Long Island
N.Y
New Times Inc
Rick Barrs
New Times Los Angeles
New Times
Richard Karpel
Association of Alternative Newsweeklies
Stern
Weather futures debut at Chicago Mercantile Exchange
Investors can bet on the weather with CME contracts linking monthly index points to city temperatures. Weather futures, based on heating degree days, let utilities insurers and retailers hedge risk as they trade in Atlanta Chicago Cincinnati New York with plans to add Dallas Portland and Tucson.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Mercantile Exchange
U.S
Weather Channel
CNBC
Merc
Lanta
Cincinnati
New York
Dallas
Philadelphia
Portland
Ore
Tucson
Ariz
Dow Slides To Three Month Low As Tech Rallies
The Dow Jones Industrial Average fell 74.40 to 10,524.07, its lowest in three months after a 225-point drop. Despite the decline, the Nasdaq climbed toward record territory with gains led by Microsoft and Yahoo while IBM and United Technologies lagged. The broader market was mostly negative as investors weighed Fed rate outlooks and a softer dollar amid global currency moves. Leading laggards included Union Carbide, Procter & Gamble, and Goodyear, with 3Com and other Nasdaq techs showing strength on late Tuesday results.
MENTIONED IN THIS ARTICLE
New York
Dow
Union Carbide
United Technologies
Procter & Gamble
IBM
Goodyear
3Com
Wall Street
Dickson
U.S
New York Stock Exchange
Japan
Germany
Britain
France
Also Mentioned on This Page
Lea
Her
ChildrenFirst
Christine Fossaceca
Chase
Eresee Pekara
Iid
Ferent
AK Steel
Armco
Pittsburgh
Middletown
Armco Inc
Arnco
Jim Herzog
Justice Department
Bridge News
Hartford
Connecticut
United Technologies Corp
United
George David
Battelle
Aberdeen
Battelle Memorial Institute
Columbus
Parris Glendening
Aberdeen Proving Ground
Katy Delaney
Harford Comunty
Higher Education and Applied Technology
Tomko Showroom
Chrlasy Kadieck
the Chronicle-Telegram
Lyndard
Georgia
Treasury
Pete Barker
Exchange
Standard & Poor
Microsoft
Yahoo
eBay
Federal Reserve
Stid
Ped
Fed
Richard A. Dickson
Scott & Stringfellow Inc
Richmond, Va
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