Wall Street’s big investors taking wait-and-see attitude
NEW YORK – Wall Street’s big investors are in wait-and-see mode.There’s been plenty to give them pause this week: the stock market is down, oil is surging as the Syrian civil war escalates.Then...
View ArticleU.S., Swiss reach deal that my expose American tax evaders
WASHINGTON – The U.S. government and Switzerland have reached an agreement that could expose Americans who have used Swiss banks to avoid paying taxes.The agreement will allow Swiss banks to settle...
View ArticleMerrill Lynch settles bias lawsuit by black brokers for $160 million
CHICAGO – Lawyers for hundreds of black financial advisers have reached a $160 million settlement in a lawsuit accusing Wall Street brokerage giant Merrill Lynch of racial discrimination, a...
View ArticleState taps BNE to run its suite at ‘The Ralph’
ALBANY – The Cuomo administration is keeping its suite at Ralph Wilson Stadium, but it has turned over the suite’s management and tickets to a local business group.Months after coming under criticism...
View ArticleOn the Record / Aug. 30, 2013
Hires/Promotions/Honors The New York State Nursery and Landscape Association honored Sally Cunningham at the New York State Fair with the 2013 Hall of Fame award.Cunningham, who is a certified nursery...
View ArticleBritain’s Vodafone PLC in talks to sell Verizon Wireless stake
LONDON – Britain’s Vodafone PLC, one of the world’s largest cellphone companies, confirmed Thursday that it was talking with Verizon Communications about selling its stake in Verizon Wireless, the No....
View ArticleStocks post mild gains as good news on economy trumps worry about Syria
NEW YORK – Positive news on the U.S. economy outweighed worries about Syria Thursday, sending the stock market higher for a second straight day.The Dow Jones industrial average added 16.44 points, or...
View ArticleFixed mortgage rates decline
WASHINGTON – Average U.S. rates for fixed mortgages declined this week but stayed close to their highest levels in two years.Mortgage buyer Freddie Mac said Thursday that the average rate on the...
View ArticleThousands of fast-food workers stage protests for higher wages
NEW YORK – Thousands of fast-food workers and their supporters beat drums, blew whistles and chanted slogans Thursday on picket lines in dozens of U.S. cities, marking the largest protest yet in their...
View ArticleAmericans driving less as automobile culture wanes
WASHINGTON – Driving in America has stalled, leading researchers to ask: Is the national love affair with the automobile over?After rising for decades, total vehicle use in the U.S. – the miles people...
View ArticleNew Tylenol labels to cite dangers of overdoses
WASHINGTON – Bottles of Tylenol sold in the United States will soon bear red warnings alerting users to the potentially fatal risks of taking too much of the popular pain reliever. The unusual step,...
View ArticleWhite House targets gun loopholes, firearms from overseas
WASHINGTON – The Obama administration said Thursday it has closed a loophole in the gun laws that allowed the acquisition of machine guns and other dangerous weapons and has banned U.S. military-style...
View ArticleInternational agency seeks tougher rules to reduce algae in Lake Erie
TRAVERSE CITY, Mich. – The United States and Canada should crack down on sources of phosphorus runoff blamed for a rash of harmful algae blooms on Lake Erie, an advisory agency said Thursday. The...
View ArticleParking ramp for Uniland hotel project draws most focus at meeting
Uniland Development Co. tried to focus attention Thursday evening on the hotel, retail and commercial highlights of its proposed new $80 million mixed-use project on Delaware Avenue, but it was the...
View ArticleNFL offers $765 million to settle concussion lawsuits
PHILADELPHIA – The NFL agreed to pay more than three-quarters of a billion dollars to settle lawsuits from thousands of former players who developed dementia or other concussion-related brain...
View ArticleWythe Will Tzetzo to expand into Tonawanda site
Call it a sweet surprise for the Town of Tonawanda.Often, when a local company is swallowed up by another out-of-town one, the acquiring company closes down local operations and absorbs them...
View ArticleRecovering economy may lead Fed to slow bond-buying
WASHINGTON – A stronger-than-expected rise in U.S. economic growth last quarter will likely strengthen the hand of Federal Reserve officials who want to slow the Fed’s bond purchases next month.The...
View ArticleTime-Warner-CBS dispute threatens blackouts for NFL’s opening games
NEW YORK – It’s one thing for a business dispute to knock out CBS programming in some three million homes during rerun season. Football season is another matter entirely, and there’s little immediate...
View ArticleGE plans to spin off consumer finance business
General Electric Co. plans to spin off the U.S. consumer lending business of its finance arm with an initial public offering of stock that could come early next year, according to the Wall Street...
View ArticleStocks drop on last trading day of August, worst month in over a year
NEW YORK – August was tough on the stock market. Now investors face an even scarier September.Disappointing news on consumer spending helped pull stocks lower Friday in a quiet end to the market’s...
View Article