Buffalo Business News

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Randy Bushover
February 27, 2018 - 4:04 am
General Electric is planning to announce significant restatements of its 2016 and 2017 earnings next month. The Financial Times says the upshot is a cut of 13 cents from General Electric's reported earnings per share for 2016, and 16 cents for 2017. Last week, Chason Affinity purchased Pano’s...
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Randy Bushover
February 26, 2018 - 5:24 am
The AAA reports the current average cost for a gallon of unleaded dropped by half a penny this past week to $2.67. The average cost a year ago on this date was twenty-five cents lower. CUBRC Inc., a leading Research, Development, Testing and Systems Integration company, has been awarded a three-...
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Randy Bushover
February 21, 2018 - 4:15 am
Chason Affinity Companies has purchased Pano’s Restaurant on Elmwood Avenue near Forest fror an undisclosed price. After the sale transaction is completed this Friday, the restaurant will close for approximately eight weeks while interior renovations are completed, including a new kitchen and...
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Randy Bushover
February 20, 2018 - 5:11 am
HSBC said Tuesday that profits rose on strong earnings from Asia, in the latest sign that the London-based global bank's restructuring to focus even more on the region is paying off. The bank said pretax profit, after adjusting for one-off items and currency fluctuations, increased 11 percent to $...
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Randy Bushover
February 19, 2018 - 4:02 am
The AAA reports that the average cost for a gallon of unleaded gas in the region has dropped by about a penny to $2.68. That's twenty-five cents more than the cost one year ago. Moog Inc. has agreed acquire Czech Republic firm VUES. The purchase price is $65 million in cash. VUES designs and...
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Randy Bushover
February 16, 2018 - 4:20 am
Buffalo-based CTG has acquired Paris-based SOFT COMPANY, an innovative consulting and engineering company with complementary expertise in both business and information systems. No monetary terms of the deal were made public. Evergreen Health and UBMD Internal Medicine have announced a collaborative...
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Randy Bushover
February 15, 2018 - 5:15 am
From Governor Andrew Cuomo's office - New York State is now home to 400 breweries, surpassing the previous record of 393 breweries set in 1876. Beer is being brewed in 57 of the state's 62 counties. Additionally, 202 new farm brewery licenses have been issued since the Governor's farm brewery law...
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Randy Bushover
February 14, 2018 - 4:59 am
Marrano Homes says construction is officially underway for its $14 million townhome project in Williamsville. The West Seneca homebuilder received final attorney general approval last week to begin the marketing and sales of 40 new luxury townhomes in Marrano’s exclusive Windstone community,...
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Randy Bushover
February 13, 2018 - 4:02 am
National Vacuum Corp. plans to expand by 20,000-square-feet at its 56th Street corporate headquarters, and may hire another 10 employees within two years. Business First also noting that National Vacuum specializes in industrial remediation and environmental clean-up services. Some good news for...
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Randy Bushover
February 12, 2018 - 4:26 am
Gas prices locally remained flat. The AAA reporting the average cost for a gallon of unleaded gas in the region is still $2.69. Gas prices are dipping slightly thanks to rising inventories of gasoline along the East Coast territory and an increase in crude oil supplies, in addition to the drop in...
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