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Buffalo Business News



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Burger Deal Sizzling

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

Buffalo Business Report - Monday, May 2nd 2016


The AAA reports that local gas prices continued to climb - jumping up eight cents this past week.  That puts the current average for a gallon of unleaded in the region at $2.34.  The national price also rose eight cents this past week, to jump to $2.22 per gallon.

First Niagara Financial Group Inc. reported a net income drop of 6.8% for its first quarter, compared to last

Buffalo Business Report - Friday, April 29th 2016


Northwest Bank will be profiting from the KeyCorp acquisition of First Niagara.  Northwest Bancshares Inc. will purchase 13 branches in Erie County and five branches in Niagara County, according to Business First.  It would more than double the current number of 14 WNY locations - some of which operate as Jamestown Savings Bank.

National Fuel Gas Distribution Corporation has filed a

Buffalo Business Report - Thursday, April 28th 2016


Saturday is the last day to purchase Perry's Super Hero ice cream and help support Women & Children's Hospital.  Perry's is donating a portion of proceeds from sales in a partnership with the KISS Cares for Kids Radiothon.

Veraview and Millington Lockwood will be hosting a 1pm technology event focused on the “Collaborative Workspace Experience.”  This event is

Buffalo Business Report - Wednesday, April 27th 2016


Hundreds of people and companies in Western New York, and thousands across the state, have forgotten about $2.3 million in checks sent by Univera Healthcare and its parent.   A similar amount in unclaimed funds has been reported by Excellus Health Plan, including by its d.b.a., Excellus BlueCross BlueShield (BCBS).  These checks were issued in 2012 and never cashed.  If

Buffalo Business Report - Tuesday, April 26th 2016


First Niagara Bank N.A. wants to shift operations at a temporary branch at 1031 Main Street to a spot inside the Conventus building.  That move requires approval from federal regulators.

Bob Evans will be closing 27 restaurants across the country - none of them in Western New York.  Business First notes that Bob Evans has restaurants in Niagara Falls, Lancaster, Amherst, Batavia and

Buffalo Business Report - Monday April 25, 2016



Buffalo has another turn in the national spotlight, with Travel and Leisure magazine including an entire page on the city in their current issue. Under the headline "Boom Time for Buffalo"

Buffalo Business Report - Friday April 22, 2016


In an investor conference call,  Key Corp. CEO Beth Mooney gave hints about local First Niagara  jobs that could stay or leave Buffalo once they take over the bank.. HEAR IT HERE

Buffalo's Rand Capital Corp has announced  a $1.1 million investment in Genincon... a surgical instrument maker that concentrates on laparoscopic and minimally invasive tools.

Compared to

Buffalo Business Report - Thursday April 21, 2016


There might be some layoffs coming to Fisher-Price's East Aurora headquarters.
 Parent company Mattel confirms to Business First that it wants to try and outsource accounting and related functions across the company. Approximately 650 work there now. The decision could come within weeks, but WBEN has learned some employee meetings have been held on the issue


New York state is holding a

Buffalo Busines Report - Wednesday, April 20th 2016


Buffalo, N.Y. (WBEN) -- The University at Buffalo School of Architecture and Planning receives a $1 million  donation from the Louis P. Ciminelli Foundation. It's to support the restoration of Hayes Hall on the south campus. The atrium will don his name.

 

Buffalo Busines Report - Tuesday, April 19, 2016


Buffalo, N.Y. (WBEN) -- Restauranteur William Koessler is taking over the space in the historic Lafayette Hotel formerly occupied by Bourbon and Butter, according to developer Rocco Termini in Buffalo Business First.

Kaleida Health is reporting gains for the second straight year with a surplus of $23.2 million dollars and a revenue of nearly $1.4 billion through the end of 2015.

Buffalo Business Report - Monday, April 18th, 2016


Kenmore Mercy Hospital has completed work on an 8-million ambulatory surgery unit -- part of a $30 million multi-year investment to match increased demand in orthopedics, joint replacement and neurosurgery at the Catholic Health facility.

Buffalo Business Report - Friday, April 15th 2016


Roswell Park Cancer Institute has become the first American cancer center to offer the Leksell Gamma Knife Icon radiosurgery system.  Gamma knife radiosurgery is a minimally invasive approach for treating many malignant and nonmalignant brain disorders.

Eberl Iron Works adds a second location today.  The company holds a noon ribbon-cutting at 103 Sycamore Street.  The original
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