Gains dim hopes for hiring of jobless
WASHINGTON — Companies across the economy are finding ways to do more with fewer workers, dimming hopes that hiring will take off anytime soon. (Updated: 11/06/09 7:25 AM )
Robinson Home Products growing after Oneida deal
Robinson Home Products has begun adding jobs tied to a recently completed
licensing agreement with Oneida Ltd. (Updated: 11/05/09 2:07 PM )
Sell-off cuts stocks to mixed close
NEW YORK — A late-day slump left stocks mixed Wednesday as investors couldn’t hold on to their optimism after the Federal Reserve gave an encouraging assessment of the economy. (Updated: 11/05/09 7:24 AM )
Sovran’s 3rd-quarter earnings drop 13%
Lower occupancy rates and the cost of sweetened incentives to lure new customers to its self-storage facilities led to a 13 percent drop in Sovran Self Storage’s third-quarter earnings. (Updated: 11/05/09 7:24 AM )
On the Record / November 5, 2009
Hires/Promotions/ Honors (Updated: 11/05/09 7:24 AM )
Rand has $10 million to invest
At a time when credit is tight and fledgling companies are scrambling for funding, Rand Capital Corp. is building a $10 million pot of money to invest. (Updated: 11/05/09 7:24 AM )
Worldcolor, Macmillan strike deal
Worldcolor has signed a multiyear agreement with Macmillan to print an estimated 800 million books over the life of the deal. (Updated: 11/05/09 7:24 AM )
Stock soars on Mod-Pac quarterly profits
Mod-Pac Corp.’s stock soared by 61 percent Wednesday after the Buffalo specialty printing company reported its strongest quarterly profits in nearly four years. (Updated: 11/05/09 8:41 AM )
Fed renews pledge to keep rate at record low
WASHINGTON — The Federal Reserve pledged Wednesday to keep a key interest rate at a record low for an “extended period,” in a sign that the economy is growing but remains deeply dependent on government help. (Updated: 11/05/09 7:39 AM )
Cuomo accuses Intel Corp. of using ‘threats, collusion’
NEW YORK — New York’s attorney general hit Intel Corp. with an antitrust lawsuit Wednesday, claiming the company used “illegal threats and collusion” to dominate the market for computer microprocessors. (Updated: 11/05/09 7:39 AM )
Trucks lead way in clunker deals
WASHINGTON -- The most common deals under the government's $3 billion Cash for Clunkers
program, aimed at putting more fuel-efficient cars on the road, replaced old Ford or Chevrolet
pickups with new ones that got only marginally better gas mileage, according to an analysis of
new federal data by the Associated Press. (Updated: 11/04/09 10:38 PM )
Buffett buys railroad for $34 billion
NEW YORK — The biggest name in investing is making what he calls an “all-in
wager” on the U.S. economy — $34 billion to own a railroad that hauls freight
ranging from corn to automobiles across the country. (Updated: 11/04/09 12:31 AM )
Stocks mostly higher on mixed day
NEW YORK — Investors sidestepped some of their doubts about the economy and bought energy and industrial stocks as commodity prices rose. (Updated: 11/04/09 7:15 AM )
Johnson & Johnson to cut 8,000 jobs
NEW YORK—Johnson & Johnson said Tuesday it will cut as many as 8,000 jobs and streamline its operations to cut costs as it braces for changes in the health care industry. (Updated: 11/04/09 7:15 AM )
Turning research into practicality is focus of Roswell Park workshop
About 100 research scientists and life science industry professionals gathered Tuesday in Roswell Park Cancer Institute to take another step in the quest to help researchers bring medical discoveries out of the academic realm and into real-world application. (Updated: 11/04/09 7:15 AM )
On the Record / November 4, 2009
Hires/Promotions/ Honors (Updated: 11/04/09 7:15 AM )
Britain moves to break up banks
LONDON — The British government moved Tuesday to break up the country’s two biggest retail banks, imposing a major shake-up on the financial sector as it exacts payback for last year’s massive state bailout at the height of the financial crisis. (Updated: 11/04/09 7:15 AM )
Beef plant operating after E. coli alert
The Western New York beef processing plant at the center of a regional alert for potentially fatal E. coli contamination continues to operate pending a visit from federal inspectors. (Updated: 11/04/09 7:33 AM )
Auto sales show increase in October
DETROIT — After months of roller coasterlike sales, the auto industry offered signs of recovery from its yearlong slump Tuesday, as most automakers reported higher levels of U. S. sales in October. (Updated: 11/04/09 7:15 AM )
After bankruptcy slog, Delphi regains traction
For employees of Delphi’s Lockport manufacturing plant, the last four years were dominated by the company’s bankruptcy case. (Updated: 11/04/09 7:24 AM )
CIT Group’s biggest hurdle: trying to keep its customers
NEW YORK — A Chapter 11 filing usually means the end of the road for financial companies since they rely so heavily on customer trust. CIT Group Inc. is hoping that its case will be different. (Updated: 11/03/09 7:11 AM )
Fed to hold interest rates low but must keep watch on inflation
WASHINGTON — Even with the Federal Reserve widely expected to leave interest rates at a record low this week to nurture the fragile recovery, fissures are growing among policymakers about when to start boosting rates to head off inflation. (Updated: 11/03/09 7:11 AM )
On the Record / November 3, 2009
Hires/Promotions/ Honors (Updated: 11/03/09 7:11 AM )
Rite Aid to test new customer rewards program here
Rite Aid Pharmacy has chosen Buffalo as one of four test markets for a new customer rewards program. (Updated: 11/03/09 7:11 AM )
Business at factories in area falls again
The recession might be over, but local manufacturers aren’t out of the woods yet. (Updated: 11/03/09 7:29 AM )
Ford surprises with profit of $1 billion
DEARBORN, Mich. — Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a “solidly profitable” 2011. (Updated: 11/03/09 7:29 AM )
Southwest cuts a flight on Buffalo-Vegas route
Southwest Airlines has dropped one of two daily nonstop flights from its Buffalo to Las Vegas service, due to decreased demand. A lower number of travelers meant the airline could meet demand with just one daily flight, according to a Southwest Airlines spokeswoman. (Updated: 11/03/09 7:11 AM )
Stanley Works buying Black & Decker Corp.
NEW YORK (AP)—Stanley Works is buying rival Black& Decker Corp. for $4.5 billion, the two companies said Monday, bringing together mammoth brands in the toolmaking business. (Updated: 11/03/09 7:11 AM )
Erie County Real Estate Transactions
Following are real estate transactions over $5,000 as listed in records of the Erie County clerk’s office for the week ending Sept. 18. (Updated: 11/02/09 6:44 AM )
Niagara County Real Estate Transactions
Following are real estate transactions over $5,000 as listed in records of the Niagara County clerk’s office for the week ending Sept. 18. (Updated: 11/02/09 6:44 AM )
