Local Business
Exelon raises its offer for NRG
COLUMBUS, Ohio—Exelon Corp. on Thursday sweetened its hostile takeover bid for NRG Energy by 12 percent to $8 billion in stock, citing newly identified cost savings along with NRG’s recent deal for Reliant Energy’s Texas retail business. (Updated: 07/03/09 6:56 AM )
Former HoganWillig home sold
A national doctor-owned firm that manages emergency medicine, wellness and other specialist programs has acquired the former home of law firm HoganWillig near University at Buffalo’s North Campus. (Updated: 07/03/09 6:56 AM )
On the Record / July 3, 2009
Hires/Promotions/ Honors (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 )
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 )
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 )
Buffalo stock index declines for week, led by Danaher
NEW YORK (Bloomberg)—Buffalo stocks dropped for the second time in three weeks, led by Danaher Corp. and FMC Corp. (Updated: 07/03/09 6:56 AM )
Local banks, company hit Russell indexes
Two local banks and a manufacturer have been added to three different Russell Investments indices as of June 26, giving the stocks added visibility as part of prominent benchmarks. (Updated: 07/02/09 7:00 AM )
Retailer Crabtree & Evelyn files for Chapter 11 protection
NEW YORK — Soap and lotion seller Crabtree & Evelyn Ltd. says it filed for Chapter 11 protection on Wednesday, a victim of the recession and management missteps. (Updated: 07/02/09 7:00 AM )
On the Record / July 2, 2009
Hires/Promotions/ Honors (Updated: 07/02/09 7:00 AM )
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 )
Niagara’s Choice expands
Niagara’s Choice Federal Credit Union will formally open its new branch in the Meadowbrook Plaza in North Tonawanda on July 8. (Updated: 07/02/09 7:00 AM )
SUNY Fredonia names its first business dean
SUNY Fredonia has appointed Russell (Updated: 07/02/09 7:00 AM )
Frozen yogurt chain to open two local stores
Trendy international frozen yogurt chain Yogen Fruz will kick off its 15-store expansion in the Buffalo area with two stores in area malls opening this summer. (Updated: 07/01/09 7:04 AM )
On the Record / July 1, 2009
Hires/Promotions/ Honors (Updated: 07/01/09 7:04 AM )
