Think-tank study links inequality to economic growth in U.S. cities
WASHINGTON – The gap between the wealthy and the poor is most extreme in several of the most prosperous and largest cities in the U.S.The economic divides in Atlanta, San Francisco, Washington, New...
View ArticleGap’s wage hike puts pressure on rival retailers
NEW YORK – A decision by Gap this week to raise the hourly wages of workers at its stores nationwide puts pressure on other major U.S. retailers to do the same.Following Gap’s announcement that it...
View ArticleDelphi cuts jobs at Lockport Technical Center
Delphi Automotive has cut an undisclosed number of jobs at its Lockport Technical Center.The auto components company “has made some adjustments to align its staffing with current business needs,” said...
View ArticleWith WhatsApp, founders broke the rules to success
NEW YORK – WhatsApp isn’t your average Silicon Valley startup.The company’s founders Jan Koum, 38, and Brian Acton, 42, shun the media spotlight and are much older than your typical college...
View Article$50 million redevelopment plan for Trico building
Developers said Friday that they will spend $50 million to redevelop the long-vacant former Trico building on the Buffalo Niagara Medical Campus and intend to respect the iconic nature of the massive...
View ArticleHow to track down uncashed savings bonds
The funny thing about giving U.S. savings bonds as a gift for a child’s birthday or other big event is that it doesn’t hurt to nudge the child who turned into a grown-up and ask, hey, did you ever...
View ArticleOn the Record / Feb. 22, 2014
Hires/Promotions/Honors The Bonadio Group recently named Matthew Stacey an In Charge accountant for the Tax Team. Stacey received a master’s degree from Niagara University. Also, the firm named...
View ArticleTranscripts show Fed was slow at times to grasp financial crisis
WASHINGTON – The Federal Reserve agonized in 2008 over how far to go to stop a financial crisis that threatened to cause a recession and at times struggled to recognize its speed and magnitude.“We’re...
View ArticleWhat’s up with Facebook’s $19 billion purchase
Even by Silicon Valley standards, paying $19 billion to buy a mobile app company seems kind of crazy.But Facebook CEO Mark Zuckerberg’s decision to pay such a head-scratching premium for WhatsApp...
View ArticlePHH cutting 135 jobs in Amherst
PHH Mortgage Corp. is cutting 135 jobs in Amherst, but said it remains committed to a new building under construction in the town.“We have reduced capacity in our mortgage business to align with lower...
View ArticleExecutive trading
AMERICAN AXLE & MANUFACTURING HOLDINGS: Monich, Allan R., officer, exercised an option for 19,500 shares of common between $10.08 and $15.58 each on Feb. 13 and sold 19,500 shares of common...
View ArticleEarly gain fades for stocks as investors are unimpressed by company earnings
NEW YORK – Stocks slipped on Friday, pushing the market to a weekly loss, as investors assessed the latest round of company earnings.Express Scripts, the largest U.S. pharmacy benefits manager, fell...
View ArticleStock-market surge has lifted 401(k)s, but many still unprepared for...
Last year’s stock-market surge boosted 401(k) accounts, but millions of Americans are still likely to run short of money in retirement, according to a pair of recent studies.The average 401(k) balance...
View ArticleMexico in line to become No. 1 exporter of cars to U.S.
CELAYA, Mexico – Mexico is on track to become the United States’ No. 1 source of imported cars by the end of next year, overtaking Japan and Canada in a manufacturing boom that’s turning the auto...
View ArticleHearthstone hopes to pay back deposits, find new operator
The owners of the Hearthstone Manor want to find a buyer who would continue to operate the 48-year-old Depew banquet hall, which is closing, and they hope to pay back customers’ deposits for any...
View ArticleInvestment firm offers to buy 51% of ‘substantially...
NEW YORK – Investment firm G Asset has offered to buy 51 percent of the Barnes & Noble bookstore chain for about $672 million. The New York firm says its offer is for $22 per share, 31 percent...
View ArticleInternet seller Urban Inspirations leases space from Niagara IDA
WHEATFIELD – A company that sells housewares on Amazon and other websites was approved for a $50,000-a-year lease on space in the headquarters building of the Niagara County Industrial Development...
View ArticleWho is best equipped to be in charge?
MILWAUKEE – Satin Nadella, the brand-new chief executive of Microsoft, has an engineering background. So does Mary Barra, who became CEO of General Motors less than a month ago.Yet a vast majority of...
View ArticleNiagara County Real Estate Transactions
LEWISTON• Nesbit Drive & Miller Road, Gaylord Loughrey to Richard J. Sirianni; Richard A. Sirianni; Cheryl E. Sirianni, $11,000.TOWN OF LOCKPORT• Buell Drive, Robert A. Morris; Patricia A. Morris...
View ArticleErie County Real Estate Transactions
AKRON• 126 Buell St., Lillian Dirienzo; James F. Dirienzo to Lavocats Family Greenhouse & Nursery Inc., $152,000.• 52 East Ave., Thomas H. Bates Sr. to Sherilyn Snyder-Parker; Thomas H. Bates Jr.,...
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