On the Record / July 31, 2014
Hires/Promotions/Honors ACP Technologies, an information technology provider, named Dario Gonzalez and Jorge Santiago service desk technicians. Gonzalez is a graduate of ITT Technical Institute. He......
View ArticleMarket unmoved by some good news
NEW YORK – A cheerful report on the U.S. economy, rising profits and no surprises from the Federal Reserve left the stock market nearly where it started Wednesday.The news was nearly all... Read More
View ArticleBank of America fined $1.3 billion on its role in selling risky mortgages
NEW YORK – A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were... Read More
View ArticleFed, citing slack labor market, makes case to keep interest rates low
WASHINGTON – The Federal Reserve said Wednesday that the labor market still has plenty of room for improvement, even after a surprising drop in unemployment, bolstering the case for keeping... Read More
View ArticleSmall cars, save for one, fail to make ‘good’ in crash tests
DETROIT — The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of “good” in new frontal crash tests.The Nissan Leaf, Nissan Juke, Fiat 500L and ... Read More
View ArticleUniversity at Buffalo study finds short sellers not responsible for 2008...
Short-sale stock trades did not trigger the 2008 worldwide economic crisis, according to new research from the University at Buffalo School of Management.Short sellers were widely blamed in media......
View ArticleAstronics profits soar with new acquisitions
Astronics Corp.’s business soared during the spring, thanks to its buying binge over the past year. And so did it’s stock Wednesday.The East Aurora aircraft lighting and electronics... Read More
View ArticleU.S. economy sees vigorous rebound after dismal winter
WASHINGTON — The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year.That was the general view of analysts Wednesday after the... Read More
View ArticleOn the Record / Aug. 1, 2014
Hires/Promotions/Honors The Amherst Senior Citizens Foundation elected Charles Kopp chairman for 2014-15. Kopp, past managing director of Community Bank’s Wealth Management Services, has... Read More
View ArticleSovran’s earnings swell on busy spring storage season
Sovran Self Storage’s units are filling up fast, and company executives said Thursday they expect them to be fuller than ever before the end of summer.That spike in demand, which is allowing ... Read...
View ArticleU.S. job market strengthens, but consumers remain glum
WASHINGTON – For millions of workers, happy days aren’t quite here again.Though the U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent,... Read More
View ArticleStock market drop, worst in 5 months, erases July’s gains
NEW YORK – For investors, there were few havens Thursday.The stock market had its worst one-day drop since February, driven down by a confluence of worries, from weak company earnings to the ... Read...
View ArticleM&T names new chief technology officer
M&T Bank has named Julieta Ross as senior vice president and chief technology officer, a new position at the Buffalo-based bank.Ross will be responsible for managing the M&T Technology... Read...
View ArticleColumbus McKinnon sees profits slip
Columbus McKinnon Corp.’s first-quarter profits slipped by 4 percent as the Amherst material handling equipment maker paid more taxes than it anticipated, and sales grew by 3 percent.The... Read More
View ArticleExxon profit surges, but productions slips
NEW YORK – Exxon Mobil’s net income rose 28 percent in the second quarter on a sale of Asian assets and higher oil prices, but oil and gas production slipped a disappointing 6 percent.... Read More
View ArticleTonawanda Coke, Kirchner face $161,100 in potential OSHA fines
Tonawanda Coke Corp. and Kirchner LLC, which provides temporary workers, face $161,100 in potential fines from the federal Occupational Safety and Health Administration over 17 alleged safety... Read...
View ArticleAgency seeks final approval for West Seneca apartment complex
A Rochester-based social services agency plans to purchase a vacant former department store in West Seneca and start work on a 100-unit apartment complex for low-income workers and people with... Read...
View ArticleFive expanding companies get low cost power and grants
Five companies intent on expanding in Western New York or relocating here are set to benefit from more than 800 kilowatts in low cost hydropower allocations and $600,000 in award funds handed out......
View ArticleStock markets stabilize early today after Thursday’s fall
U.S. stocks fluctuated early today as data showed the economy added fewer jobs than forecast without stoking wage inflation and manufacturing expanded in July.LinkedIn Corp. jumped 11 percent after...
View ArticleGreatbatch profits exceed expectations
Greatbatch Inc.’s second-quarter profits narrowly topped analyst forecasts even though sales of its medical devices and batteries were slightly worse than expected.Greatbatch’s... Read More
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