Empire State Development OKs $200M in grants
Empire State Development Corp.’s board of directors has approved up to about $200 million in previously announced funding for three Buffalo Billion projects.The board approved a grant of up to $107...
View ArticleDow average tops 17,000 as June payrolls rise amid ECB stimulus
The Dow Jones industrial average climbed above 17,000 for the first time as data showed employers added more workers than projected in June and the European Central Bank disclosed details of its...
View ArticleGermany’s BMW to invest $1 billion in Mexico plant
MEXICO CITY – Germany’s BMW announced Thursday it will spend $1 billion to build a new luxury car factory in northern Mexico that will start production in 2019 as part of an effort to expand the...
View ArticleImmediate Care to continue in BlueCross BlueShield network
WNY Immediate Care and BlueCross BlueShield of Western New York have reached an agreement that allows the system of five urgent care centers to remain a participating provider within the insurance...
View ArticleU.S. trade deficit drops in May as exports hit all-time high
WASHINGTON — The U.S. trade deficit fell in May as U.S. exports hit an all-time high, helped by a jump in exports of petroleum products. Imports dipped slightly.The trade deficit narrowed 5.6 percent...
View ArticleMom-and-pop shops get help modernizing systems
MOUNT KISCO – Operators at KES Dispatch keep track of the company’s taxis on a yellow legal pad. They communicate with cars using a two-way radio. Drivers navigate their journeys largely by memory.In...
View ArticleOn the Record / July 5, 2014
Hires/Promotions/Honors Phillips Lytle attorney Joanna J. Chen was named to Lawyers of Color’s second annual Hot List, which recognizes early- to mid-career minority attorneys working as in-house...
View ArticleAuto plants cutting back on traditional summer shutdowns
DETROIT – Brisk sales of pickups and SUVs are causing the Detroit Three to eliminate or shorten their traditional two-week summer shutdown at many U.S. plants.This year, Chrysler workers will be on...
View ArticleCEO Brian Roberts ‘playing a really long game’ as he bulks up...
At least three times during the last year, Comcast Corp. was asked to be the white knight.But Brian Roberts said no.The chairman and chief executive of cable giant Comcast initially rebuffed Time...
View ArticleSiemens CEO eyes fracking deals
Siemens AG Chief Executive Officer Joe Kaeser said he’s prepared to make acquisitions to exploit a boom in the U.S. natural-gas industry that will eclipse demand in Europe, where the economy is still...
View ArticleMalls rebrand, adapt as shopping habits change
As a teenager, there was nothing Bonnie Michlin loved more than a shopping trip to the Summit Park Mall in Wheatfield.As an adult mom, she still goes to malls regularly, but there are plenty of other...
View ArticleNow on your cellphone bill, services you never wanted
For years, phone carriers have wanted to find ways to make it easy for mobile customers to buy things and charge them to their phone bills.That has legitimate uses, like buying ringtones and apps, or...
View ArticleNew owners of Golf Headquarters of Buffalo combine retail, repair services
Donna Henrich and Michele Litwin believe most Western New York golfers could benefit from a woman’s touch.At least, that’s their business model. And they’re certain it’s on par with any other pro shop...
View ArticleErie County Real Estate Transactions
ALDEN• 13251 Colonial Woods Drive, Krista Mack; Jeffrey E. Mack to Jerome A. Krull, $123,700.AMHERST Highest price: $899,999 Average price: $192,975 Median price: $168,500 Number of Sales: 52• 43...
View ArticleNiagara County Real Estate Transactions
CAMBRIA• Subbera Road, Robert A. Proefrock; April D. Proefrock to Carolyn Dolan; Peter M. Dolan, $189,900.• Church St., Ronald E. Kightlinger to Nathan E. Kightlinger, $140,000.LEWISTON• Legacy...
View ArticleBusiness People: Paul Cronin appointed senior vice president of First...
First Niagara Financial Group appointed Paul Cronin senior vice president, senior managing director, capital markets. Cronin was regional head of corporate banking for Northeast at HSBC Bank USA....
View Article‘Inversion’ by Walgreen would be a corporate tax dodge
A little less than two years ago, Gregory D. Wasson, the chief executive of Walgreen, sought a series of tax breaks from Illinois, where his company is based.“We are proud of our Illinois heritage,”...
View ArticleShocked into reality by the Great Recession
Anna Newell Jones knew she was living well beyond her means when the Great Recession struck: She was $24,000 in debt. What surprised her, though, was how quickly she climbed out of that hole during...
View ArticleCollectors track down delinquents online
PITTSBURGH – After more than a decade of eluding phone calls, a Brighton Heights man said his experience with a third-party collection agency hired to recoup his student loan debt went from marginally...
View ArticleGM risks reputation in recall blitz
DETROIT – The deeper General Motors digs into its vast portfolio of vehicles, the more safety problems it finds.The announcement last week that GM would recall another 8.4 million cars and trucks for...
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