The Buffalo News : Business Today

Saturday, July 4, 2009

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As economy drops jobs, paychecks drop some weight

WASHINGTON — Americans lucky enough to still have a job are noticing something unpleasant in their paychecks: They’re making less money. (Updated: 07/03/09 7:58 AM )

Jobless data sends stocks reeling

NEW YORK — The stock market found little to celebrate heading into the long holiday weekend. (Updated: 07/03/09 6:56 AM )

Factory index falls for third month

June turned out to be a terrible month for the Buffalo Niagara region’s manufacturers. (Updated: 07/03/09 6:56 AM )

Financial Markets

24 Hour Business

Updated 07/04/09 05:07:08 AM

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Servotronics has concerns but remains optimistic

Servotronics, which will celebrate its 50th anniversary in August, is well-positioned to endure the current aerospace industry turmoil, as it supplies parts to both of the leading aircraft makers and expects orders to pick up sharply in coming years, its CEO said Thursday. (Updated: 07/03/09 7:18 AM )

Feds seize Madoff penthouse

NEW YORK — Federal marshals took possession of disgraced financier Bernard Madoff’s $7 million Manhattan penthouse on Thursday in a move that forced his wife to move elsewhere. (Updated: 07/03/09 6:56 AM )

Fairfield Inn checks in across the street from airport

Fairfield Inn & Suites Buffalo-Airport has opened across Genesee Street from the Buffalo Niagara International Airport, the latest hotel to join that lodging corridor. (Updated: 07/03/09 7:19 AM )

Auto sales may be leveling out

DETROIT — U. S. sales at Ford and Chrysler last month offered sharply different views on the downtrodden U. S. market for cars and trucks, while General Motors Corp. held its own even though it entered bankruptcy protection. (Updated: 07/02/09 7:54 AM )

Jobless data sends stocks reeling; Dow loses 223

The stock market found little to celebrate heading into the long holiday weekend. (Updated: 07/02/09 6:45 PM )

Shareholder opposes Waterford Village Bank sale

An Amherst businessman and shareholder of Waterford Village Bank is objecting to the proposed sale of the bank to a Canadian investor, saying it appears that existing shareholders will lose a significant amount of money on the deal. (Updated: 07/02/09 9:50 AM )

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Help with your 2008 taxes

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Retail

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Columns

Singletary: Parental control on credit cards

Parents should be particularly elated about one section of the recently adopted credit card law that could keep young people out of debt. The Credit Card Accountability, Responsibility and Disclosure Act prohibits credit card issuers from extending credit to a person under 21 unless one of two conditions is met.

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David Robinson

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Discount Diva

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