The Buffalo News : Business Today

Wednesday, March 17, 2010

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Business & Finance

First Niagara selling bonds to pay down debt

First Niagara Financial Group on Tuesday launched a public debt offering to raise cash for repaying older, more costly debt. (Updated: 03/16/10 4:10 PM )

Lake Shore Bancorp names SUNY Fredonia VP to board

Lake Shore Bancorp said Monday that has named a new independent director to its board of directors and audit committee to regain compliance with Nasdaq stock market listing rules. (Updated: 03/02/10 11:55 AM )

HSBC's global profits rise as U.S. losses shrink

The global parent of HSBC Bank USA said Monday that 2009 profits rose 3 percent, as sharply lower tax expenses and a surge in corporate and investment banking offset a drop in profits from Europe and the Middle East, and from commercial banking globally. (Updated: 03/01/10 10:19 AM )

First Niagara looking for new president as part of management changes

First Niagara Financial Group said Thursday it is revamping its management structure, promoting two executives into a newly formed executive committee and launching a national search for a new position of president. (Updated: 02/25/10 1:57 PM )

(Updated: 02/25/10 1:24 PM )

First Niagara profits rise 37.3% in fourth quarter to $31.3 million

First Niagara Financial Group capped off a “highly successful 2009” by posting a 37.3 percent increase in fourth-quarter operating profits, pushing income for the year over $100 million on strong loan and deposit growth and an acquisition. (Updated: 01/22/10 7:32 AM )

Executive trading

Here are the week’s reports of trading in the stocks of local companies or in the companies that have significant local operations, by directors and executives of the companies: (Updated: 11/08/09 8:24 AM )

(Updated: 10/24/09 8:25 AM )

Seeking a break to expand

WHEATFIELD — A company that produces hydroponic equipment for greenhouses is seeking to build a larger plant with help from a tax break from the Niagara County Industrial Development Agency. (Updated: 10/21/09 7:15 AM )

E&E increases dividend 5%

Ecology&Environment has increased its semi-annual dividend by 5 percent to 21 cents per share, the Lancaster-based environmental services firm said Tuesday. (Updated: 10/21/09 6:55 AM )

Executive trading

Here are the week’s reports of trading in the stocks of local companies or in the companies that have significant local operations, by directors and executives of the companies: (Updated: 10/18/09 6:37 AM )

The Buffalo News Sports team

Join us online this Sunday just before the Bills/Browns game. (Updated: 10/11/09 7:19 AM )

GM’s U. S. sales chief leaving

DETROIT (AP)—Less than a week after reporting a sharp drop in September sales, GM said its U. S. sales chief is leaving as the automaker struggles to prop up its falling share of the market. (Updated: 10/08/09 6:50 AM )

Company items

On the Record / September 25, 2009 (Updated: 09/25/09 6:50 AM )

Cleveland BioLabs gets fund boost

Cleveland BioLabs is picking up an additional $2.3 million in funding from the federal government to help develop one of its drugs that could be used to reduce the side effects from radiation exposure. (Updated: 09/25/09 6:50 AM )

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