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Buffalo Business Report - Monday, January 28th 2013



The AAA reports the Buffalo area's average price for a gallon of unleaded gas is $3.73.  That's currently thirty-eight cents higher than the national average of $3.35.

Fort Erie Racetrack's CEO is "cautiously optimistic" that operations can resume this year.  The Niagara Falls Review reports the Ontario provincial government has been extending funding packages to other horse tracks.  It's hoped that similar money might go to Fort Erie.

With Target taking over many former Zeller's locations in Canada, the retailer will begin selling clothing by Roots this spring.

In earnings news, Columbus McKinnon reported third quarter net income rose five cents, to forty-nine cents per share compared to last year for the period.

First quarter net earnings for Moog Incorporated were down a nickel from a year ago to seventy-five cents per share.

Xerox Corporation saw sales soar to almost $6 billion for its fourth quarter, but net income dropped by $40 million from 2011.

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Topics : Business_Finance
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Locations : Buffalo, Ontario
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