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Buffalo Business News



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Moog Makes Move

Buffalo Business Report - Monday, February 20th 2017


Moog Inc. has entered into a definitive agreement to acquire the global Rotary Transfer Systems business from Morgan Advanced Materials.  The purchase price is $42 million U.S. in cash and includes Rotary’s European manufacturing sites in Germany and France.  The transaction is subject to receipt of applicable regulatory approvals in Germany and customary closing conditions

Buffalo Business Report - Friday, February 17th 2017


AT&T has received the top ranking in the recent J.D. Power 2017 U.S. Purchase Experience Survey.  AT&T is the first carrier ever to sweep all 6 categories of the independent survey.

AT&T also announced its Unlimited Data plan is now available to any AT&T wireless customer, with or without a DirecTV or U-verse TV subscription.  Among features of AT&T’s Unlimited Plan: Unlimited

Buffalo Business Report - Wednesday, February 16th 2017


The Buffalo Zoo saw 538,100 visitors stream through its admission gates in 2016.  That tops the previous year's total by 52,000 - and is the most since 1987.  Attendance was bolstered by the birth of lion cubs and an ocelot as well as the new Arctic Edge exhibit.

LPCiminelli Inc. and the Richardson Center Corporation are celebrating the completion of the main phase of

Buffalo Business Report - Tuesday, February 14th 2017


John Koelmel has been named the new company president of OnCore Golf.  Koelmel is the former former CEO of First Niagara Financial Group.  OnCore Golf is poised to release its first ever high performance tour ball - the ELIXR.

Cricket Wireless celebrates its new authorized retailer store in Depew at 4960 Transit Road with a grand opening weekend this Friday through Sunday. 

Buffalo Business Report - Monday, February 13th 2017


The AAA reports the current average for a gallon of unleaded gas in the area is $2.44.  That's down one cent from last week's cost.  Pump prices have been pressured higher overall due to cuts in oil production globally, but increased U.S. production and low demand has led to a leveling out of prices over the last couple of weeks.

The state Department of Financial Services

Buffalo Business Report - Friday, February 10th 2017


Erie County Medical Center Corporation closed 2016 with a $2.1 million operating surplus on its total $593 million in operating revenues.  2016 proved to be an incredibly productive year for the hospital.  Among the highlights: Total inpatient visits increased by 22.5%, while outpatient visits grew 20.1%.

Lockport-based marketing firm J.Fitzgerald Group has completed major

Buffalo Business Report - Thursday, February 9th 2017


Tops Friendly Markets has teamed up with Redland Foods to produce a segment of its Tops Brand line of products right here in Western New York.  Redland, an affiliate of Trophy Foods Inc., is located on Sonwil Drive in Cheektowaga.

M&T Bank has provided over $600,000 in grants to 40 not-for-profit organizations providing homeownership education services to thousands of individuals,

Buffalo Business Report - Wednesday, February 8th 2017


Picone Construction Corp. has begun the expansion of Sisters Hospital's Neonatal Intensive Care Unit.  The new $8.8 million NICU is scheduled to open later this year, and will enable the hospital to expand its current NICU from 20 to 40 beds.

Evans Bancorp announced a net income of $8.3 million for 2016.  Business First reports Evans saw deposits rise 17% and loans

Buffalo Business Report - Tuesday, February 7th 2017


President Frank L. Ciminelli has taken control of the day-to-day business of LP Ciminelli in conjunction with the Board.  Former FBI Special Agent and Chief Division Counsel Paul M. Moskal has been hired to conduct a comprehensive risk assessment and initiate a robust compliance program.  According to Business First, the three indicted LPCiminelli executives have resigned from the

Buffalo Business Report - Monday, February 6th 2017


The AAA reports that the Buffalo area cost for an average gallon of unleaded gas is $2.45, down 1 cent from a week ago.  The New York State average is $2.49 per gallon, also down one cent from last week.

McGuire Development Co. and Mark Croce’s Buffalo Development Corp. have teamed up on a $20 million proposal for a second Emerson School of Hospitality site. 

Buffalo Business Report - Friday, February 3rd 2017


791 Washington Street LLC, the entity The Krog Group formed to redevelop the Trico Building, has filed a second response to the Buffalo School District’s RFP for a new Emerson High School.  In December, without explanation, the school district canceled its agreement with Krog under the original RFP.  Krog is seeking reimbursement of more than $1 million in preparation costs it

Buffalo Business Report - Thursday, February 2nd 2017


BlueCross BlueShield of Western New York has lifted its preauthorization requirements for members and physicians.  The move streamlines access to care, empowers health care providers and improves member satisfaction and quality.

Evans Bank has partnered with Allpoint Network to offer its customers access to America’s largest surcharge-free ATM network.  Evans Bank customers now

Buffalo Business Report - Wednesday, February 1st 2017


A recent rate hike request from National Fuel Gas Company has only partially been fulfilled.  National Fuel had asked for a fifteen percent hike but was granted one of 12.5% by the New York State Department of Public Service.  

NOCO Express celebrates the grand opening of its newest City of Buffalo location at the corner of Delaware Avenue and Amherst Street today.  The location

Buffalo Business Report - Tuesday, January 31st 2017


Western New Yorkers will be able to help feed hungry families in the community while shopping for groceries throughout the month of February.  Customers of Dash’s Market, The Market in the Square, Tops Friendly Markets and Wegmans Food Markets will have the option to add $2, $3, or $5 to their grocery bill to support the Food Bank of Western New York’s 25th Annual

Buffalo Business Report - Monday, January 30th 2017


The local gas price remained virtually unchanged from last week at an average of $2.46 for a gallon of unleaded.  That cost is a nickel higher than the price one month ago, according to the AAA.

Turner Construction of Buffalo has been named Construction Manager for Cheektowaga Central School District's Capital Improvement Project.

Moog Inc. reported fourth quarter diluted
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