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Monday, February 08, 2010
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Hardinge receives, rejects acquisition offer by Traci DeLore
In spite of flagging sales and a $25 million loss for the first three quarters of 2009, Hardinge, Inc. (NASDAQ: HDNG) has rejected an all-cash acquisition offer from Brazilian company Industrias Romi S.A.

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	Ithaca company raises $500K in seed funding by Eric Reinhardt
	ITHACA - Aero Farm Systems, LLC (AeroFarms) of Ithaca has secured $500,000 in seed financing, the company announced today. The firm has developed aeroponic technology, a subsector of hydroponics, that grows produce without soil and without sun, year-round and in any location, according to a company news release.

	BAE reaches settlements with U.S. and U.K. by Traci DeLore
	BAE Systems plc will pay more than $400 million to settle investigations by the U.S. Department of Justice and the Serious Fraud Office in the United Kingdom.

	Paterson nominates Cornell grad for labor commissioner by Eric Reinhardt
	Gov. David Paterson today announced the nomination of Colleen Crawford Gardner as commissioner of labor. She would replace M. Patricia Smith, who the U.S. Senate today confirmed as solicitor for the U.S. Department of Labor.

	MDA, chamber merger plan heads to members by Kevin Tampone
	The boards of the Metropolitan Development Association of Syracuse and Central New York and the Greater Syracuse Chamber of Commerce have both approved a proposed merger of the two groups. The MDA board voted today and the chamber board on Jan. 25. Both votes were unanimous.

	New nonprofit aims to spark growing firms by Kevin Tampone
	A new nonprofit group has launched to encourage the development and growth of more small, innovative companies in upstate New York. The organization, Upstate Venture Connect, aims to increase connections among mentors, entrepreneurs, and those interested in working for young, growth-oriented firms. Group leaders also want to spark more collaboration among business groups, universities, and economic development organizations.

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Featured Channel

	Podcasts Business Briefs from The CNYBJ
	Aspen Dental Management, Inc. continues expanding, and Gov. David Paterson nominates a Cornell University graduate for commissioner of labor. Hear details in this recording of "Business Briefs from The Central New York Business Journal" as aired on NewsRadio 570 WSYR in Syracuse.

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OPINIONS

From The Publisher

	Head Start: $151.7 billion down the drain
	We must eliminate “... government programs shown to be wasteful or ineffective … there will be no sacred cows or pet projects.” — President Barack Obama, weekly address (4/18/09) According to the U.S. Government Accountability Office, the federal government spent $25 billion in fiscal year 2008 on 69 early education and child-care programs. The best-known program is Head Start, which currently serves approximately 900,000 pre-school children at an annual cost of $7 billion.

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ROMBEL ON BUSINESS BLOG

	The deceiving blowout GDP number
	The nation's GDP jumped 5.7 percent in the fourth quarter of 2009, the U.S. government reported this morning. Great news, right? The number is not as strong as it seems.

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VIEWPOINTS/OP-EDS

	Reflecting on 2009 Returns Provides Lessons Going Forward
	Many are breathing a sigh of relief after participating in the largest stock-market roller coaster since the Great Depression. Others bailed out at the wrong time and are unsure whether they will ever recover their nest egg. A valuable exercise early in a new year is to review your investment returns in light of what occurred in the broader asset classes.

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On The Move

	PEOPLE ON THE MOVE - GB - 2-1-2010
	ARCHITECTS Bearsch Compeau Knudson Architects & Engineers PC had two projects selected for publication in the American School & University 2009 Architectural Portfolio. The projects — Vestal High School additions and alterations and DCMO BOCES additions and alterations — were featured in the November 2009 edition of the magazine and also on the Web at www.SchoolDesigns.com. Submissions were evaluated by a jury of American Institute of Architects Committee on Architecture for Education members and education administrators.

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Market Research

Top Ranks Lists
The 2008 Book of Lists electronic edition may be downloaded in Excel format. These 57 lists include key business information (when available) such as number of employees, revenue, products/services offered, and top executives for each company.

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