Local Business
Business people Hires, Promotions&Honors
Synacor, a Buffalo technology company, promoted Andrew Attea to vice president, client operations. Attea, who has served in various management capacities with the company since 2000, previously served as director of client operations. He earned a bachelor’s degree in English from Georgetown University, and an MBA from the Wehle School of Business at Canisius College. (Updated: 11/08/09 8:24 AM )
BBB drops accreditation of two firms
Two area businesses have had their accreditation revoked by the Better Business Bureau. (Updated: 11/08/09 8:24 AM )
Greatbatch posts third-quarter loss after $34.5 million lawsuit verdict
Greatbatch Inc. lost $20.6 million in the third quarter, as the $34.5 million verdict against the Clarence medical device and battery maker in a lawsuit filed by a competitor wiped out the firm’s weakening operating profits. (Updated: 11/07/09 8:39 AM )
$200 million assurance keeps Delaware North in casino race
ALBANY — Delaware North met a Friday deadline by Gov. David A. Paterson to confirm that it can quickly pay a $200 million upfront franchise fee payment if it were selected among a half-dozen bidders to operate a big new casino at a Queens racetrack. (Updated: 11/07/09 8:39 AM )
State agency’s grants will help WNY groups rehabilitate 71 houses
A New York State agency has approved $754,000 in grants that will go toward rehabilitating 71 houses into homes for low-and moderate-income families in three Western New York counties. (Updated: 11/07/09 8:39 AM )
Profits decline by 38% at NFG
Tumbling oil and natural gas prices took a toll on National Fuel Gas Co.’s fourth-quarter profits. (Updated: 11/07/09 8:39 AM )
Taylor sees recovery under way
Douglas P. Taylor doesn’t see much to smile about in the U. S. economy, but he still thinks the recovery is under way at Taylor Devices, the North Tonawanda maker of giant shock absorbers. (Updated: 11/07/09 9:11 AM )
National Fuel's profits drop with falling gas prices
Tumbling oil and natural gas prices took a toll on National Fuel Gas Co.'s fourth-quarter
profits. (Updated: 11/06/09 2:56 PM )
Moog’s profits slump by more than half
Robert T. Brady is hoping the worst is over for Moog Inc. (Updated: 11/06/09 7:26 AM )
Robinson increases jobs, sales after Oneida licensing deal
Robinson Home Products is going through a growth spurt in Cheektowaga, thanks to its
licensing agreement with Oneida Ltd. (Updated: 11/06/09 10:25 AM )
Dow jumps 203 points on good news
NEW YORK — A bright forecast from Cisco Systems and upbeat economic news sent stocks soaring Thursday and propelled the Dow Jones industrials back above 10,000. The rally, coming a day before the government’s October employment report, showed that investors are regaining their optimism about an economic recovery. (Updated: 11/06/09 6:59 AM )
Profits up by 5% at Astronics, but no growth seen for 2010
Astronics Corp.’s third-quarter profits grew by 5 percent, easily topping analysts’ forecasts, but the East Aurora maker of aircraft lighting and electronics systems isn’t expecting any growth next year. (Updated: 11/06/09 6:59 AM )
Gibraltar stock soars despite loss
Gibraltar Industries’ third-quarter profits plunged by 74 percent but still zoomed past analyst forecasts, sending the Hamburg-based building products manufacturer’s stock soaring Thursday. (Updated: 11/06/09 8:46 AM )
On the Record / November 6, 2009
Hires/Promotions/ Honors (Updated: 11/06/09 6:59 AM )
Rental plan may let some stay in homes
WASHINGTON — Under a policy announced Thursday, thousands of borrowers on the verge of foreclosure soon will have the option of renting their homes from Fannie Mae. (Updated: 11/06/09 6:59 AM )
