The Buffalo News : Business Today

Tuesday, November 24, 2009

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Perry plant looking for work after losing NBA contract

Updated: 11/24/09 3:23 PM
The new owners of a sports uniform factory in Perry are scrambling to find work for the American Classic Outfitters facility and its 100 employees after receiving word that the plant's only customer is canceling its contract for professional sports jerseys and off-shoring its production.

Reports on consumer confidence, GDP tug at stocks

Updated: 11/24/09 3:48 PM
Stocks drifted below 13-month highs after a lackluster reading on consumer confidence and a report showing slower economic growth sapped some of the market's optimism.

UB 2020 remains crown jewel of the region's economic agenda

Updated: 11/23/09 10:42 PM
Business and political leaders in the Buffalo Niagara region are sticking with the University at Buffalo's ambitious UB 2020 plan as their top economic-development priority.

Financial Markets

24 Hour Business

Updated 11/24/09 04:00:40 PM

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Home sales surge for 2nd straight month

WASHINGTON — Home sales surged for the second month in a row in October, climbing to the highest level in 2z ye 1/2 r 1/3 as first-time buyers rush to take advantage of a tax credit that runs through April.

Debt stress heralds a shopping season rife with reluctance

WASHINGTON — A lot more Americans are feeling stressed-out by debt during this holiday season, raising the glum likelihood that they’ll behave like Scrooge rather than Santa.

Amid lowered prospects, holiday sales start early

ORLANDO, Fla. — For retailers and holiday shoppers alike, this is a season of lowered expectations.

Late-payment rate on credit cards drops as consumers deal with debt

NEW YORK — Consumers got more serious about paying down their credit card debt this summer, a time when delinquencies usually go up.

Truck-Lite workers approved for assistance benefits

Updated: 11/24/09 7:07 AM
Workers at Truck-Lite in Falconer involved in production of vehicular lighting and visibility products have been certified to apply for Trade Adjustment Assistance benefits.

Analyst predicts more auto sales

Updated: 11/24/09 7:07 AM
DETROIT — The U. S. auto industry will recover only a little next year, weighed down by high unemployment and other troubles that will continue to limit economic growth, a top industry analyst said Monday.

Weak dollar, home sales spur stocks

Updated: 11/24/09 7:07 AM
NEW YORK — The stock market ended a three-day losing streak Monday, closing broadly higher as a weaker dollar and upbeat home sales numbers encouraged investors to take on more risk.

Law firms, ex-judge look to aid investors

Updated: 11/24/09 7:07 AM
Personal injury and class-action law firm Siegel, Kelleher & Kahn is teaming up with a former state Supreme Court judge and a Rochester law firm to start a practice focused on investors who lost money in the stock market.

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Local firms are ready for an improved economy

The recession might be over, but you won’t find many local executives singing “Happy Days Are Here Again.”

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David Robinson

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Discount Diva

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