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Buffalo Business News

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Health Care Deal

Buffalo Business Report - Wednesday, May 25th 2016

Upper Allegheny Health System has signed a letter of intent to affiliate with the Kaleida Health system.  Under terms of the proposal, Kaleida Health will become the parent organization of UAHS.  UAHS and its member hospitals, Bradford Regional Medical Center and Olean General Hospital, will become part of Kaleida Health while remaining separate legal entities with separate boards of

Buffalo Business Report - Tuesday, May 24th 2016

National Grid has agreed to keep electricity and natural gas rates for upstate New York customers at the current rate through 2018.  Through its agreement with regulators, National Grid will also be increasing its capital investment in its electricity and natural gas networks over the next two years by approximately $1.3 billion.

The Diocese of Buffalo is looking to sell the St.

Buffalo Business Report - Monday, May 23rd 2016

According to the AAA, local gas prices have resumed their climb.  The current WNY average is $2.39, up three cents per gallon from a week ago.

The Amherst IDA has signed off on a pair of projects.  Business First reports Kitchen World Distributing Inc. will relocate its warehouse and commercial manufacturing division from Lockport to a facility it wants to construct behind its

Buffalo Business Report - Friday, May 20, 2016

New York City real estate investor Harvey Kaylie has emerged as possible buyer for the One Seneca Tower, Buffalo’s tallest office building but one that is virtually vacant.

Buffalo Business Report -Thursday, May 19, 2016

The big three health insurance plans in Western New York have all asked state officiuals to allow them to hike prices on the plans they offer through the state insurance exchange.

Buffalo Business Report - Wednesday, May 18 2016

40 HSBC positions in non customer facing IT will be trimmed. The bank says it's part of a move to transform its technology delivery. A bank spokseman says in a statement there are 60 open IT slots in WNY, and those affected can apply.  The 40 job

Buffalo Business Report - Tuesday, May 17th 2016

Martin's Fantasy Island theme park has been purchased by California-based Apex Parks Group.  Terms of the deal were not made public.

A new OB/GYN center has opened at The Summit - Suite 650 at the Summit Healthplex; 6934 Williams Road in Wheatfield.

Buffalo-based telecommunication company Network Task Group has hired three new employees.

The Wegmans Employee Scholarship Program

Buffalo Business Report - Monday, May 16th 2016

The AAA reports gas prices locally remained steady this past week.  It's still $2.36 on average for a gallon of unleaded in the Buffalo-Niagara Falls area.

Senator Charles Schumer wants more dogs in the hunt for airport screening.  The TSA is hoping to reduce wait times with pre-screening through its TSA Pre✓® program.  You can make an appointment on-line or

Buffalo Business Report - May 13, 2016

A Clarence-based plant biotech company has leased space on the Buffalo Niagara Medical Campus, The Buffalo Niagara Business Ethics Awards have been delivered, and Warren Buffet makes a Forbes list

Buffalo Business Report May 12, 2016

 Hidden inside the announcement that Key Bank will take over the naming rights for First Niagara Center-- was some possible good news for jobs in Buffalo.  When Key finishes the purchase of First Niagara Bank-- corporate headquarters will be in Cleveland, but  Northeast Regional headquarters will be in Buffalo's Larkinville- at First Niagara's current offices.

(AP) -

Buffalo Business Report - Monday, May 9th 2016

With the observance of Memorial Day three weeks away, gas prices continue their traditional rise.  The AAA reports the Buffalo-Niagara Falls average for a gallon of unleaded gas is up two cents from last week, to $2.36 - and in a new survey, motorists believe pump prices are too high.  More than 35% responded that way - despite the fact that gas prices are at their lowest levels

Buffalo Business Report - Friday, May 6th 2016

GEICO plans to hire more than 100 Buffalo associates for additional positions in claims, sales and service.  One of the company's accelerated leadership programs - the Management Development Program - is also recruiting recent college graduates.  Current employment at GEICO's Buffalo office is over 27-hundred people.

A big score for Synacor.  the Buffalo-based

Buffalo Business Report - Thursday, May 5th 2016

Aéropostale has filed for Chapter 11 bankruptcy - and will close 113 stores in the U.S. - and all 41 of its Canadian stores.  In the Buffalo area, that impacts stores in the Boulevard and McKinkley Malls.  Store closing sales are scheduled to begin in the U.S. during the weekend of May 7th-8th.
The Restaurant Finance Manager blog notes that a Rochester restaurant

Buffalo Business Report - Wednesday, May 4th 2016

Child & Adolescent Treatment Services and Lake Shore Behavioral Health will merge and form a
new organization.  This new group will be one of the largest community-based behavioral health organizations serving Western New York.  Target date for finalizing the merger is January 1st, 2017 - that's pending approvals by all necessary regulatory and legal authorities.  Between the

Buffalo Business Report - Tuesday, May 3rd 2016

Power Drives, Inc. has announced it will consolidate its Western New York operations to a new site in Buffalo’s historic Larkin District this summer.  The move brings together a manufacturing facility in Falconer and its Buffalo-based corporate headquarters and administrative offices at 810 Exchange Street.

Business First reports the Thin Man Brewery and restaurant should be open by
Which political convention do you think will be more interesting this summer?
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