Area insurers exceed federal standards for medical spending
The area’s three major health insurance companies in 2013 all exceeded federal standards for how much of the premium dollars they collect must be spent on medical benefits for their members, the...
View ArticleS&P 500 halts rally, Dow advances as investors consider equity values
The Standard & Poor’s 500 Index slipped, halting a four-day streak of record closes, as investors weighed equity valuations. The Dow Jones industrial average closed at an all-time high.eBay Inc....
View ArticleDeveloper details plans for Whole Foods Market at Northtown Plaza
A New England-based developer plans to buy the Northtown Plaza in Amherst, knock down the long-vacant Bon-Ton store and replace it with a Whole Foods Market by 2016.News that the supermarket was...
View ArticleCleveland BioLabs remains confident despite stock collapse
It’s been a tough year for Cleveland BioLabs, but its top executive still has faith in the drugs the Buffalo company is developing.Its efforts to develop a promising anti-radiation sickness drug,...
View Article43North business contest judges get an extension
The judges in the 43North business plan competition are getting a little more time.With more than 2,600 qualifying applications to evaluate, the contest’s organizers have pushed back the deadline by a...
View ArticleFollowing neglect charges, Kaleida Health makes changes at nursing home
Six weeks after 17 workers at the HighPointe on Michigan nursing home were charged with neglecting a patient under their care, Kaleida Health has removed the facility’s director and its director of...
View ArticleUnveiling of Riverside Apartments set; building was once School 60
A renovation project that transformed defunct Buffalo School 60 to a sprawling 68-unit apartment complex will be unveiled Thursday when Riverside Apartments hosts its debut open house.Mayor Byron W....
View ArticleHeavy equipment expo puts construction professionals in the driver’s...
Buffalo’s fifth season – construction – is kicking into high gear now that the weather has warmed up, and with it comes the buzz, rumble, whirr and hammering of all types of heavy equipment.Dozens of...
View ArticleWeaker forecast for global growth sends stock market on step backward
NEW YORK – The stock market fell back from record levels Wednesday because of a weaker forecast for global growth and concerns about airline profits.Delta Air Lines and other carriers fell after...
View ArticleFederal budget deficit for May put at $130 billion
WASHINGTON – The U.S. government’s monthly budget returned to deficit in May after a big April surplus. But the overall imbalance so far is far smaller than it was the same period last year, putting...
View ArticleMany priced out in seeking homes near urban centers
WASHINGTON – City living has been a blessing for Tim Nelson.The Phoenix lawyer moved downtown a few months ago into a new $389,000 townhouse with a warehouse-style floor plan, a Jacuzzi tub and...
View ArticleLocal schools to benefit from Hobby Lobby settlement
Hundreds of upstate schools, including 177 in Erie County, will benefit from a legal settlement reached between Hobby Lobby craft stores and the State Attorney General’s Office.State Attorney General...
View ArticleTax breaks sought for Falls motel projects, version 2.0
WHEATFIELD – Two businessmen, who received tax breaks for Niagara Falls motels in the past years but couldn’t get the projects off the ground, are trying again.The Niagara County Industrial...
View ArticleOn the Record / June 12, 2014
Hires/Promotions/Honors Univera Healthcare, a Buffalo-based health plan, named the following to its regional advisory board: John H. Bradley, vice president, Western New York Division of Alcott HR...
View ArticleProtest to boost the minimum wage scheduled in Buffalo today
Several area labor organizations will demonstrate at 5 p.m. today outside the McDonald’s restaurant at 390 Niagara St. in Buffalo, to demand higher wages for fast-food workers.The advocates from The...
View ArticleFDA backs off wood plank ban for cheese makers
It looks like the Food and Drug Administration is no longer a threat to the centuries-old practice of aging cheese on wood.The FDA released a statement Wednesday night seems to put to rest any fears...
View ArticleGraham Corp. lands $8 million in orders
Graham Corp. has won three orders worth a total of $8 million to supply equipment for refinery upgrades in Canada, China and the United States.One of the orders is for a new ejector system that will...
View ArticleNational Fuel Gas Co. hiking dividend again
National Fuel Gas Co. is hiking its dividend by 2.7 percent, marking the 44th straight year that the Amherst-based energy company has increased its payment to shareholders.National Fuel said it is...
View ArticleFollowing neglect charges, Kaleida makes changes at HighPointe
Six weeks after 17 workers at the HighPointe on Michigan nursing home were charged with neglecting a patient under their care, Kaleida Health has removed the facility’s director and its director of...
View ArticleFDA’s letter opposing wooden aging shelves for cheese-making brings...
Do not mess with our cheese.Artisanal cheese makers, consumers and politicians have come out in force to deliver that message to the Food and Drug Administration after an FDA official said the act of...
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