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Buffalo Business News

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Wednesday, February 22nd 2012

More details of First Niagara Financial Group's plans for the Connecticut market are emerging. American Banker reports at least five new branches will open in strategic locations. This is tied to the purchase of HSBC's New York and Connecticut branch network. That deal is expected to be finalized in May.

The New York Power Authority has completed a new round of energy efficient

Tuesday, February 21st 2012

Local gas prices are up another penny to an average of $3.85 per gallon of unleaded. That's the highest prices have been since early last August, according to the AAA. The pump price has gone up twenty cents in just one month.
There was a 7.8% increase in Canadian travel to the U.S. last year compared to 2010. Part of that increase was graphically shown in Erie County by a 4.5%

Monday, February 20th 2012

The AAA reports the average price for a gallon of gas is up seven cents from a week ago. The rate of $3.84 per gallon reflects a twenty cent jump in just one month. The national average is twenty-seven cents less.

First Niagara Financial Group has decided to close thirty-five retail branches in New York and Connecticut. Business First reports First Niagara will close five of its

Friday, February 17th 2012

In the space of one work week, the average price for a gallon of unleaded in Western New York has jumped up a nickel. The current average is $3.82 according to the AAA. The statewide average of $3.86 is tied for 2nd-highest per gallon price in the lower 48 with Connecticut. Only California motorists pay more.

Man O Trees, Incorporated has won the bid for the Small Boat Harbor

Thursday, February 16th 2012

The Federal Reserve Bank of New York's latest Empire State Manufacturing Report showed another rise in business conditions. That marker has made gains for three consecutive months.

A report from American City Business Journals indicates one of every forty households in Erie and Niagara Counties has an annual income of $200,000 or more. That works out to 2.5% - a far cry from the

Wednesday, February 15th 2012

Courtyard by Marriott has agreed to bring a 96-room hotel to three floors of the former General Donovan office building along the Canalside footprint. Business First reports the hotel will take up floors two through four, with law firm Phillips Lytle committed to leasing the upper four floors.

American City Business Journals tracked the number of self-employed workers in 942 markets across

Tuesday, February 14th 2012

GoErie-dot-com reports that Megabus will end a Pittsburgh to Toronto run that included a stop in Buffalo. It's unclear if that affects other Megabus runs into and from Buffalo. Low ridership will end that particular route on March 13th.

Erie County's Industrial Development Agency approved a $116,000 sales tax savings package for medical data and management firm Value Centric of

Monday, February13th 2012

According to the AAA, the local average price for a gallon of unleaded gas in the region rose two cents over the weekend, to $3.77. The pump price has risen fourteen cents in the past month and is twenty-six cents higher than the national average of $3.51.

Synacor Incorporated's first day of trading went well, all things considered. After opening at five dollars per share,

Friday, February 10th 2012

The AAA reports the current average cost for a gallon of unleaded gas is back up to $3.75. The average price was last that high in late September of last year. Local gas prices have climbed thirteen cents in the past month.

MSG net income for the final three quarters of 2011 was down 2.1% compared to last year. Total revenues for MSG Networks dropped 1.2%; an ad decline and losses

Thursday, February 9th 2012

GM's Tonawanda Engine Plant is prepared to bring 93 idled workers back to the fold. Business First reports several hundred more workers will be hired over the next few years as production demand increases.

The Niagara County Industrial Development Agency has rejected the assistance application for One Niagara LLC. Tax payments and ownership issues have held up the process. Once those

Wednesday, February 8th 2012

The NFTA received bids from Smith Boys Marine and Man O Trees, Incorporated for the Small Boat Harbor. Business First reports the Authority's Board of Commissioners will likely vote February 27th on which bid will be accepted.
CPA firm Lumsden & McCormick LLP will be moving into the Cyclorama Building. That move is expected to be done by July.

Rural/Metro Medical Services

Tuesday, February 7th 2012

The AAA's Four Diamond Award has been bestowed upon both the Seneca Niagara Casino & Hotel and the Seneca Allegany Casino. Business First reports it's the seventh straight year Seneca Niagara has received that honor; it's the fourth consecutive honor for Seneca Allegany.

Building Controls & Services has been selected to provide a new Automated Energy Management System for Mt.

Monday, February 6th 2012

The average gallon of unleaded gas in the region costs $3.72 now. According to the AAA, the pump price has climbed thirteen cents in the past month. The national average price per gallon is twenty-four cents lower.

The USDA has provided funding for a trio of projects in the area. Old Chautauqua Vineyards in Portland is getting $300,000 to launch a new winery, Lockport's Spring

Friday, February 3rd 2012

Local gas prices have shot up considerably in the past seven days. According to the AAA, the current average price for a gallon of unleaded gas in the region rose five cents since last Friday, to $3.71.

Despite Patriot quarterback Tom Brady's disdain for Buffalo hotels, Visit Buffalo Niagara reports hotel occupancy was up 1.4% in 2011 compared to the 2010 numbers. More

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