Friday, November 20th 2009
New Era Cap Company will close an Alabama manufacturing plant and may close a second plant as well. The only two remaining New Era manufacturing sites are another one in Alabama and one here in Derby, New York. Lower demand for its product has led to the closing.
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Thursday, November 19th 2009
The answer to the question “Will New York State go broke in December?” is a resounding “Yes!” 70% of respondents to a Marist College Institute for Public Opinion poll feel that will happen. 88% believe the state’s budget deficit is a major problem.
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Wednesday, November 18th 2009
Erie County Comptroller Mark Poloncarz says “Cash for Clunkers” provided a bit of a boost, but county sales tax revenue is still off nearly 5% this year compared to 2008. $1.2 million in new sales tax revenue was generated solely by “Cash for Clunkers.” The tax revenue numbers are only through September.
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Tuesday, November 17th 2009
October manufacturing slowed a bit in New York State, but the Federal Reserve Bank branch in Buffalo says activity was still up for the fourth straight month. The Fed’s Empire State manufacturing index does not contain numbers for construction activity specific to Western New York.
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Monday, November 16th 2009
No change in the local price for a gallon of gas in Western New York. The AAA reports it’s still $2.87 a gallon, on average for unleaded gas. That’s twenty-six cents higher than the price a year ago. The national average fell two cents over the weekend to $2.63 per gallon.
SmartPill Corporation is working to expand the use of its product.
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Wednesday, November 11th 2009
Travelers will have more options for connecting to the internet this holiday season. Google Inc. announced Tuesday it will provide free Wi-Fi access in 47 airports across the country, including Buffalo-Niagara, through January 15, 2010.
The New York State Department of Labor is sponsoring a veterans' career fair Thursday, November 12 from 1:00 to 4:00 PM at the Leonard VFW Post on Walden
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Tuesday, November 10th 2009
Local investment fund ASA Limited has declared a divided of $1.30 per share, payable to shareholders on November 27. ASA specializes in gold and other precious mineral investments.
HSBC says its profits for the third quarter of 2009 are "significantly ahead" of the same quarter last year, and its overall profitability for the first nine months of 2009 exceeded forecasts. HSBC also
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Monday, November 9th 2009
AAA reports the average price for a gallon of gas in Western New York held steady at $2.87 over the weekend. That's 16 cents more than we were paying just one month ago.
Billionaire Sabres owner Tom Golisano has given $4 million to Ave Maria University in southwestern Florida. The money will be used to construct an indoor athletic facility, to be name the Tom Golisano Field House.
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Friday, November 6th 2009
Hamburg-based K-Technologies Inc. is expanding. The company is moving into a new building on Bayview Road in January. The new facility is more than ten times the size of the company's current home on Abel Road, and was purchased for $1.5 million.
Two local mall bookstores are the latest casualties of the economy. The Borders Group says it plans to close the Borders Express outlets in the
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Thursday, November 5th 2009
National Fuel is closing its Niagara Falls customer assistance center at the end of the year, citing a need to cut costs. The accounts currently handled there will be transferred to National Fuel's downtown office; employees will be offered other positions.
Wilson Farms and Reid Petroleum have partnered up to open their second E85 ethanol fuel station in Western New York. The new location is
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