Factory growth rises
Manufacturing growth in Buffalo picked up last month.NOTE: Index reading above 50 indicates growth; below 50 indicates a decline 2013 (Month followed by Index)June 53.2May 52.8April 54.7 March...
View ArticleWestern New York factories boosted hiring in June
The modest growth spurt at Western New York factories extended into its fourth month during June as manufacturers stepped up their hiring for the first time in nearly a year.A new survey of local...
View ArticleComputer Task Group’s net income falls 1.6 percent
Computer Task Group’s net income fell 1.6 percent from a year ago in the second quarter, but the company was encouraged by increases in its revenues and operating income.The Buffalo-based information...
View ArticleAkron’s Ford Gum & Machine Co. has stuck around for 100 years
How many gum balls can one company produce in 100 years?For Ford Gum & Machine Co., in Akron, the answer is 50 billion. One hundred years ago, Ford S. Mason, a traveling roofing salesman, decided...
View ArticleFirst Niagara executive got $871,250 as part of severance
Oliver H. Sommer’s departure from First Niagara Financial Group was a lucrative one.The former executive will receive a gross payment of $871,250 as part of his severance package, First Niagara said...
View ArticleFive Star to close two branches
Five Star Bank will close two branches, in Pavilion and North Java, this fall.Customer accounts and employees of the two branches will be transferred by Oct. 31. All eight employees of the two...
View ArticleMore families using grants, scholarships to cover college costs
WASHINGTON (AP) — Grants and scholarships are taking a leading role in paying college bills, surpassing the traditional role parents long have played in helping foot the bills, according to a report...
View ArticleCommunity Bank reports net income is unchanged from a year ago
Community Bank System, which has 34 branches in Western New York, reported second-quarter net income of $21.1 million, unchanged from a year ago.Diluted earnings per share were 52 cents, topping...
View ArticleStarbucks joins Greek yogurt craze
NEW YORK — Starbucks wants a taste of the Greek yogurt craze.The Seattle-based coffee chain says it’s teaming up with French food and drink company Danone to sell Greek yogurt. The ready-to-eat...
View ArticleUneven corporate earnings news leaves stock market flat
NEW YORK – Corporate earnings news gave investors little direction Tuesday, leaving the stock market flat.Most major indexes closed slightly lower, except for the Dow Jones industrial average. Yet...
View ArticleIn Focus: Warren E. Clark, Better Business Bureau
A bureau that targets scammers, helps resolve disputes between customers and merchants and provides other assistance to consumers is witnessing an increased demand for its services. In 2012, the...
View ArticleWorkforce center gets $500,000 from N.Y. Power Authority
A $21 million project to open a workforce-development center in the former Sheehan Memorial Hospital in Buffalo is getting $500,000 in funding through the New York Power Authority.The agency also...
View ArticleJune jobless rate here hits six-year low
People are finding jobs in the region.The jobless rate in the Buffalo Niagara region fell to 7.4 percent last month, a six-year low for June.It’s also the first time in 18 months that the region’s...
View ArticleElmwood Village’s 305 W. Utica Apartments complex sells for $2.85...
An 18-unit Elmwood Village apartment complex has sold for $2.85 million.The Whitesand Family L.P. bought 305 W. Utica Apartments from FJF Development-Utica Street Condominium LLC, which consists of...
View ArticlePanera Bread’s arrival raises competitive stakes on Buffalo’s...
Corporate chain Panera Bread is now taking on the local restaurants and markets on the Elmwood Strip.Panera on Wednesday cut the ribbon on its newest and largest Western New York location at 765...
View ArticleHamister balks at Niagara Falls Council’s demand to raise land price
NIAGARA FALLS – The City Council majority wants more money for the city-owned land in a $25 million proposed downtown development project, but the developer said publicly Wednesday that he won’t pay...
View ArticleFive Star Bank parent reports 3% rise in second-quarter profit
Financial Institutions, the Warsaw-based parent company of Five Star Bank, reported second-quarter net income of $6.9 million, up 3 percent from $6.6 million a year ago.Its diluted income per share...
View ArticleOverseas profits help fuel Ford surge
DEARBORN, Mich. – Ford Motor Co. is finally becoming the well-rounded company it aspires to be.Almost bankrupt a decade ago because it relied too heavily on selling big trucks and SUVs in North...
View ArticleMod-Pac reports small profit in possibly last public earnings report
Stronger sales of its custom folding cartons helped Mod-Pac eke out a small profit during the second quarter as the Buffalo specialty printing company moved a step closer toward scheduling a vote on...
View ArticleCEO named to board of Five Star Bank
Warsaw-based Financial Institutions Inc., which operates Five Star Bank branches in Western and Central New York, has appointed Martin K. Birmingham, the company’s president and chief executive...
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