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Newsday (Suffolk Edition) from Melville, New York • 52

Location:
Melville, New York
Issue Date:
Page:
52
Extracted Article Text (OCR)

Briefing! A53 The markets KHMY DOW TREND NEWSDAY PHOTOS JULiA GAINES Bill White president of the Intrepid Air Space Museum on the deck of the Intrepid next to a shrink-wrapped plane As controversy surrounds the pier where the Intrepid is docked the museum faces 12500 12000 11500 BOOQf FMTWT FMTW A DOW A NASDAQ 1213468 235659 Up 660 Up 1175 A SAP 500 YKMDYEUK 138222 my Up 464 477 down from 462 A SPOT GOLD Aon 158760 $6140 Up $320 Up $205 Stock watch Yankee Candle Co YCC: $3373 Up $501 (174) The maker of scented candles agreed to be acquired by buyout firm Madison Dearborn Partners Investors will get $3475 per share in cash it said in a statement Amazoncom AMZN: $3768 Up $405 (12) The online retailer said it expects fourth-quarter sales of as much as $395 billion exceeding the average $368-billion estimate of analysts in a Thomson Financial survey Overheard don't think this will kill Red Hat This is capitalism We are Oracle chief executive Larry Ellison who yesterday launched a pricing attack on Unux software leader Red Hat Data point 9 9RApproxi' mate annual increase in gasoline spending due to increasing weight of Americans since 1960 according to a study in the October-December issue of The Engineering Economist Coming up Tomorrow the government reports on US gross domestic product Compiled from wire reporta For breaking news ad day and earnings reports for local businesses go to newsdaycombusiness A moving experience 5A extern r- BY KEIKO MORRIS STAFF WRITER Moving can be one of the most stressful experiences But imaging temporarily relocating the USS Intrepid a 900-foot-long aircraft carrier and museum steeped in history and symbolism from the Manhattan pier it has called home for 24 years Add to that a federal investigation that has nothing to do with the Intrepid but has spawned a flood of false presumptions about the involvement With less than two weeks before the Intrepid moves for refurbishing Bill White president of the Intrepid Sea Air Space Museum has added several hours to his tight moving schedule to reassure the multitude of agencies involved in funding twiB of of dol- lars for the relocation and renovation letting them know and that the Intrepid and its foundation are not and never have been under investigation investigation and the fact that about the city's engineer and a contractor who may or may have not done work on Pier 86 is completely separate and there is no White said yesterday importance of what trying to maintain is that we are good custodians of Preparations are under way to move the Intrepid Sea Air Space Museum to Bayonne NJ next month The Intrepid will be refurbished and its Manhattan pier will be rebuilt onne NJ before moving on to Staten Island The $10-mil-lion to 15-million project whose funds are administered by the Hudson River Park Trust will include renovations to the steel structure a new Navy gray coat of paint new expanded exhibits and military-plane collection and an interior refurbishment Meanwhile the deteriorating See INTREPID on A54 This comes as crews are dredging about 20000 cubic yards of Hudson River silt built up against the propellers after 24 years shrink-wrapping and securing the collection of military planes and packing numerous items inside the ship for its 18-month temporary relocation The Intrepid is to disembark from Pier 86 on Nov 6 and head to dry dock in Bay- I 1 The investigation revolves around questions over whether a contract to repair the Hudson River pier where the Intrepid is docked was awarded through bribery or bid-rigging The pier is owned by New York City not the Intrepid However a Newsday story mentioned the Intrepid setting off a flurry of phone calls to office from concerned agency officials and board members "Mi 1 i.

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About Newsday (Suffolk Edition) Archive

Pages Available:
3,913,018
Years Available:
1945-2008