The Buffalo News : Business Today

Saturday, March 13, 2010

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Surprise rise in retail sales adds momentum to recovery

Updated: 03/12/10 11:57 PM
WASHINGTON … Retail sales posted a surprising increase in February as consumers refused to let snowstorms stop them from stepping up purchases for everything from clothes to appliances. The improvement provided hope that the recovery from the Great Recession is gaining momentum.

Canal Side advances on vote by board

Updated: 03/13/10 8:27 AM
The $294.8 million Canal Side project took another step Friday toward final state approval.

Lehman faulted on accounting gimmicks

Updated: 03/13/10 6:38 AM
NEW YORK — A court-appointed examiner investigating the failure of Lehman Brothers has accused the investment bank of using accounting trickery to hide its troubled finances, blaming senior executives and auditor Ernst & Young for major lapses that led to the firm’s collapse and a global financial meltdown.

Financial Markets

24 Hour Business

Updated 03/13/10 08:27:59 AM

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Press Releases

Public relations releases from Business Wire

Latest Business News Video

Waste Management cashes in on reality TV

Waste Management’s president is learning that reality-television shows may be one man’s trash TV and another’s public-relations treasure.

China puts Google on notice

BEIJING — China’s top Internet regulator insisted Friday that Google must obey the country’s laws or “pay the consequences,” giving no sign of a possible compromise in their dispute over censorship and hacking.

Suit seeks penalties against Toyota

SANTA ANA, Calif. — The Orange County district attorney has filed a lawsuit against Toyota Motor Corp., accusing the automaker of knowingly selling hundreds of thousands of vehicles with acceleration defects.

On the Record / March 13, 2010

Hires/Promotions/ Honors

Stocks end mixed after mixed economic reports

Updated: 03/12/10 6:38 PM
Mixed economic reports held the stock market to only modest moves Friday but gains for the week were strong.

Wilmers faults Congress on financial reform

Updated: 03/12/10 6:52 AM
M&T Bank Corp. Chairman and CEO Robert G. Wilmers has elevated his target this year, taking on Congress and the federal government in his annual letter to shareholders.

Delaware North back in running for Aqueduct casino

Updated: 03/12/10 6:52 AM
ALBANY — Buffalo’s Delaware North Cos. is back in the hunt for a deal to run a lucrative casino at Aqueduct racetrack following the state’s decision Thursday to scuttle a tentative contract for the facility.

Lost wealth is slowly being regained

Updated: 03/11/10 11:39 PM
WASHINGTON — Americans are recovering their shrunken wealth — gradually.

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Columns

Some winners and losers this year

There hasn’t been a whole lot of good news this year, with the economy sinking and the job market shrinking.

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David Robinson

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Discount Diva

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Buffalo News Blogs

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