Member of Public Company Accounting Oversight Board to speak at Canisius...
A prominent accountant and a member of the Public Company Accounting Oversight Board will speak next month at Canisius College. Jeanette Franzel’s lecture, “Promoting Integrity of Financial Audits to...
View ArticleOn the Record / Feb. 25, 2014
Hires/Promotions/Honors Cradle Beach named Joseph Marusak, of Kloss Stenger and LoTempio, president of its board of directors for a three-year term. Other officers: Vice president, Marta Hiczewski,...
View ArticleLetter by Warren Buffett offers investment suggestions
OMAHA, Neb. – Warren Buffett is offering a refresher course on his approach to investing in his annual letter to Berkshire Hathaway shareholders.Buffett’s full letter won’t be released until Saturday,...
View ArticleFather-son team buying Harris Hill Golf Course with a vision for apartments
A father-and-son real estate development team specializing in multifamily housing is in the process of buying the nine-hole Harris Hill Golf Course in Bowmansville, with a plan to eventually convert...
View ArticleComputer Task Group profits tumble by 24 percent
Lower spending by big hospitals on technology upgrades caused Computer Task Group’s fourth-quarter profits to tumble by 24 percent and fall short of analyst forecasts.The Buffalo-based information...
View ArticleStocks end lower on an up-and-down day
NEW YORK – Stocks were unable to find any momentum Tuesday.The market drifted between gains and losses throughout the day, then headed steadily lower in the last hour of trading. Investors found some...
View ArticleTim Hortons to add 300 franchises in U.S. in new five-year strategy
Tim Hortons, the Canadian chain under pressure from activist investors, plans to use less capital and more franchises in a “must-win battle” for U.S. customers.Tim Hortons plans to add 800 locations...
View ArticleGreatbatch rebounds to profitability
Greatbatch, the medical device and pacemaker battery maker, reported profits of $9.8 million in the fourth quarter, rebounding from a $5.6 million loss a year ago.The company’s diluted earnings per...
View ArticleConsumer Reports names Tesla Model S its top pick
DETROIT – The Tesla Model S electric sedan is Consumer Reports’ top pick in this year’s automotive rankings.The magazine cited the Model S’s sporty performance and technological innovations, including...
View ArticleTime Warner Cable raising rates by 6.4 percent
Time Warner Cable is raising cable television and Internet rates by an average of 6.4 percent, including a new fee to cover the rising cost of carrying the local broadcast television stations.The...
View ArticleIBM venture a jump-start for catch-up in Info Age
There’s more to the plans to bring IBM Corp. to a new information technology center than the 500 software, engineering and data jobs that Big Blue promises to bring to downtown Buffalo.In the big...
View Article‘Fracking’ draws local ire at hearing on state’s draft...
While the state’s draft energy plan is largely mum on hydrofracking, local residents were not during a hearing on the issue Tuesday at the University at Buffalo’s Center for Tomorrow on the North...
View ArticleBuffalo agency approves sale of Trico building to developer Peter Krog
More than seven years after taking what city officials called “a major risk” in taking over the vacant former Trico Products Corp. manufacturing plant, a Buffalo economic development agency is turning...
View ArticleSovran Self Storage’s profits jump by 34 percent as occupancy rises
Higher rents and a strong jump in occupancy helped Sovran Self Storage’s fourth-quarter profits surge by 34 percent, the Amherst-based company said today.Sovran’s funds from operations jumped to $31.3...
View ArticleRand Capital’s portfolio jumps 12 percent after big gain on Liazon sale
The sale of Buffalo health insurance exchange operator Liazon Corp. was a bonanza for Rand Capital Corp.The Buffalo venture capital firm was an early investor in Liazon, and when the health exchange...
View ArticleNew-home sales rebound, boosting hopes
WASHINGTON – A surprisingly strong pace of new-home sales last month has boosted hopes that the spring buying season will be solid enough to lift the overall economy.Sales of new homes rebounded in...
View ArticleStock market reaches a crossroads
NEW YORK – The stock market is struggling to take it to the next level.For a third straight day, the Standard & Poor’s 500 index traded above its record close but fell back to end below it. An...
View ArticleDelta to reward ‘high-spending’ fliers
DALLAS – Delta Air Lines is changing its frequent-flier program to favor passengers who buy the priciest tickets instead of those who fly the most miles.It’s a bid to lure higher-spending business...
View ArticleTops plans to renovate Lancaster warehouse
Tops Friendly Markets is planning to renovate its Lancaster distribution warehouse with a proposed $2 million project.The renovation would add new equipment, such as new forklifts, power jacks and...
View ArticleECIDA incentives propel dual revival of neglected buildings into apartments,...
Two long-vacant and neglected Buffalo buildings are on track for revival, supported by incentives approved by the Erie County Industrial Development Agency.The IDA board Wednesday backed tax breaks...
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