M&T profits rise 49 percent, boosted by stock sales
M&T Bank Corp.’s second-quarter profits rose 49 percent from a year ago, a strong showing bolstered by selling its holdings of Visa and MasterCard shares.The bank reported net income of $348.5...
View ArticleMarriott Hotel will be part of Buffalo Sabres’ HarborCenter project
The hotel boom along Buffalo’s long-ignored waterfront took another step forward Wednesday with the announcement of a second Marriott International hotel coming to Canalside. HarborCenter Development...
View ArticleAstronics completes PECO acquisition after delay
Astronics said Thursday it has wrapped up its $136 million purchase of an Oregon company that makes the aircraft cabin lighting and air flow components located above passenger seats, slightly more...
View ArticleRand Machine Products wins $150,000 state development grant
Rand Machine Products, a Falconer company that makes custom metal components for specialized machinery, has been awarded a grant of up to $150,000 from Empire State Development to help finance...
View ArticleBuffalo Niagara posts gain of 4,000 jobs in June
The Buffalo Niagara region added 4,000 jobs in June from a year ago, a 0.7 percent increase that continued the recent pattern of a slowing strengthening employment market that isn’t improving nearly...
View ArticleLocal wages lower than national, state averages, federal data shows
Wages in the Buffalo Niagara region are about 7 percent lower than the national average and lower still than wages paid in other upstate New York cities, according to federal data released...
View ArticleState auditors kill Roswell Park contract that sought to lower...
ALBANY – State auditors have scuttled a multimillion-dollar, no-bid contract to find cost savings at Roswell Park Cancer Institute just weeks after the hospital’s Chicago-based consultant was alleged...
View ArticleKaleida Health employees ratify three-year contract
Union employees have ratified a three-year agreement with Kaleida Health.Voting took place during a three-day period, according to a representative of Local 1199 SEIU, United Healthcare Workers East...
View ArticleBuffalo business on the record / July 20
Hires/Promotions/Honors The Meals on Wheels Foundation of Western New York appointed Elizabeth Marks to its board of directors. Marks is the manager of grants and foundation relations at the Center...
View ArticleIngram Micro gets nearly $1 million in tax breaks for Amherst expansion
Ingram Micro is getting nearly $1 million in tax breaks through the Amherst Industrial Development Agency for its $11 million expansion project that is expected to bring 250 new jobs to its offices in...
View ArticleFirst Niagara rebounds to earn $71.1 million in second quarter
First Niagara Financial Group reported profits of $71.1 million in the second quarter, bouncing back from a $10.9 million loss a year earlier when the Buffalo-based bank was hit by the cost of...
View ArticleDelay in Buffalo’s historic canals project just ‘a bump in the...
The $23 million state project to construct historic canals on the former Memorial Auditorium site is barely half-finished. And now it’s also on hold.But that dormant construction site is hardly...
View ArticleGet this: Real estate is hot in Buffalo
Alexis Agnello has lived through a whirlwind. The 32-year-old commercial banker and her husband, a 33-year-old landscaper, bought a house in North Buffalo, sold their old house – and had a baby – all...
View ArticleBest Buy bets big on store-within-store
The sign outside the big box in Richfield, Minn., says Best Buy, but the inside of the building looks more like a mall than a single store.The usual Blue Shirts and Geek Squad agents scurry across the...
View ArticleBizTalk / By Samantha Maziarz Christmann From chasing bad guys to chasing...
John Ecklund, who made the jump from law enforcement to managing the Buffalo Niagara region’s biggest shopping mall, has spent the last five years guiding the steady expansion of the Walden...
View ArticleBeyond the branches HSBC’s $35 million investment reinforces...
A $35 million investment can do wonders to quell local anxieties.HSBC Bank USA’s announced spending on its Buffalo-area offices put big dollars behind its executives’ pledges that they remained...
View ArticleVirgin America tops airline ratings
Virgin America soared to the top of the latest Consumer Reports Ratings of airlines in its debut appearance on the list, receiving some of the highest satisfaction scores it has seen in years.Consumer...
View ArticleErie County Real Estate Transactions
AKRON• 40 Cedar St., Eric Wiesmore to Charlene M. Sikora, $138,000.• 19 Shepard Ave., Henry W. Overhoff; Dorothy J. Overhoff to Anderson Family, $75,000.ALDEN• 11218 Broadway, Joseph Machowski to...
View ArticleNorthwest’s net income drops 17.6% in second quarter
Northwest Bancshares reported a 17.6 percent drop in net income in its second quarter, dragged down by some atypical factors.The Warren, Pa.-based parent company of Northwest Savings Bank reported net...
View ArticlePopeyes restaurant proposed for Niagara Falls Plaza
NIAGARA FALLS – A Popeyes Louisiana Kitchen – which would be the second in Western New York – has been proposed for the corner of Niagara Falls Boulevard and Military Road.A proposal for the project...
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