States brace for clash between utilities, solar advocates
WASHINGTON — Someone is installing a solar power system in the U.S. every four minutes. Generous state and federal tax credits for hooking up solar panels on roofs or in fields make solar energy...
View ArticleTermini plans offbeat dining spot
As a developer, Rocco Termini is known for being risky. If his newest business venture is a success, he might also be known for being risqué.Termini has filed plans with the city for a...
View ArticleWilmers, in annual letter to M&T shareholders, sees signs of ‘renewed...
M&T Bank Corp.’s Chairman and CEO Robert G. Wilmers said he sees signs of “renewed growth” in Buffalo, and hopes that the bank’s extensive presence in the city has been a factor.“Simply put,...
View ArticleStopping scammers in their tracks
If I’ve learned anything in this job, it’s that once you’re taken advantage of as a consumer, there often is not much you can do about it.That’s why, as Ben Franklin said, “an ounce of prevention is...
View ArticleFuture of Rite Aid is being tested here
In the near future, the corner drug store could become a more important link in the health care system, doing more than just doling out medications and administering the occasional flu shot.Rite Aid...
View ArticleSchumer touts Route 5 work
The push to install a new traffic signal and an access lane on Route 5 near a vacant stretch of land being eyed as a distribution site for FedEx is getting a boost from U.S. Sen. Charles E....
View ArticleCleveland BioLabs reduces losses, fights to boost share price
Cleveland BioLabs cut its operating losses almost in half during the fourth quarter as the Buffalo drug development company trimmed its research and development spending and took in almost twice as...
View ArticleBuffalo tops Forbes list of most affordable cities
The Buffalo Niagara region’s reputation for low-cost living is paying off, in the form of a No. 1 ranking by Forbes.The magazine named Buffalo the most affordable city in America, using data that...
View ArticleBuffalo Niagara jobless rate falls to 7.4 percent
The unemployment rate in the Buffalo Niagara region fell to 7.4 percent during January – the lowest rate for that month in the last six years – as local businesses continued to hire at a modest pace,...
View ArticleClarence company gains permission to make its own cigarettes
22nd Century Group, the Clarence-based cigarette company, has won permission from federal tobacco regulators to start making its own cigarettes.The company has been granted a permit to produce tobacco...
View ArticleOn the Record / March 12, 2014
Hires/Promotions/Honors The Erie Niagara Chapter of the New York State Society of Professional Engineers named Mark L. Bajorek Engineer of the Year. Bajorek is with Parsons Brinckerhoff and is a...
View ArticleMen’s Wearhouse merger offer of $1.8 billion suits Jos. A. Bank just...
NEW YORK – Looks like the best suitor won.After an extended chase that included overtures on both sides and flirtations with other parties, Men’s Wearhouse and Jos. A. Bank will combine to create the...
View ArticleSchneider plans 8th historic reuse with $10 million apartment and retail...
Architect and developer Jake Schneider is beginning a $10 million project with a pair of historic buildings on Niagara Street, a few blocks northwest of City Hall, that he plans to renovate and...
View ArticleEBay CEO’s total compensation for 2013 drops 53 percent from a year...
EBay Inc. CEO John J. Donahoe’s total compensation for 2013 plunged 53 percent compared with 2012, when the e-commerce company gave its leader more than $23 million in stock awards.The San Jose,...
View ArticleHarper secures $38M in contracts
Harper International, a Cheektowaga-based manufacturer, said it has secured $38 million in contracts for its carbon fiber production systems.Harper described the customer as a “prominent firm,” but...
View ArticleOn the Record / March 13, 2014
Hires/Promotions/Honors The Town of Niagara Business and Professional Association presented David Karwick of Key Investment Services the Citizen of the Year Award, honoring him for his dedication to...
View ArticleBrian Lipke plans to sell up to 15 percent of his Gibraltar Industries stock
Gibraltar Industries Chief Executive Brian J. Lipke plans to sell as much as 15 percent of his stock in the Hamburg-based construction products company his family has led for decades. Lipke plans to...
View ArticleKodak names Orbitz Chairman Jeff Clarke CEO to replace Perez
Eastman Kodak Co. named Jeff Clarke, chairman of travel agency Orbitz Worldwide Inc., as its new chief executive officer, getting a leader with experience in the corporate technology market.Clarke’s...
View ArticleS&P 500 rises a bit, and Dow Jones drops a little as investors watch Ukraine
U.S. stocks erased losses, a day after the Standard & Poor’s 500 Index had its biggest decline in a week, as investors watched developments in Ukraine and weighed prospects for global economic...
View ArticleDemise of Fannie, Freddie faces hurdles
A bipartisan U.S. Senate plan to dismantle Fannie Mae and Freddie Mac must clear many political hurdles in a short time if it is to become law, leaving narrow chances of a housing-finance overhaul...
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