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The Wilber Corporation, parent company of Wilber National Bank, reported that its second-quarter profit fell 30 percent as it put aside more money to cover potential loan losses.
CHENANGO — Less than a year after merging with an Albany–area long-term care broker, Dan Ross Financial Services has moved to a new location.
UTICA — Just about a year after converting his insurance agency, Nor’easter Insurance, into a full-time venture, owner Everett Thompson is moving the business from his home to an office. At the same time, he’s working to get another business up and running.
The company earned $2.5 million, or 69 cents per share, for the quarter, compared with $695,000, or 19 cents, a year ago.
CAMILLUS — Mang Insurance Agency prevents unruly and inebriated wedding guests, whose overzealous Macarena performance causes them to trip over speaker wires, from cashing in on their idiocy.
According to a Dalbar Financial Services study that tracks investor returns, from 1989 to 2008 the S&P 500 yielded an 8.35-percent return annually. But the average investor only earned 1.87 percent over the same period. This fact deserves restatement
The contract is from the Department of Homeland Security's Immigration and Customs Enforcement unit. SRC will establish and maintain a security operations center under the deal that will help protect IT infrastructure against cybersecurity threats.
Spending on office buildings, which has dropped 47.5 percent since the September 2008 record-spending high, is nearing a 13-year low, according to the Institute for Trend Research. Permits for new-office construction have dropped 26.7 percent just since last December. Office vacancy rates in the second quarter of 2010 increased to 17.4 percent, the 10th consecutive quarterly rise. Construction of office buildings is projected to close 2010 at nearly 32 percent below 2009.
Even the most self-assured and stoic among us feel the intensity of the times. The economic recovery seems quite elastic at best. Today’s good news can disappear as quickly as it appeared.
Another month brought more disappointing news on the pace of hiring. Businesses added fewer jobs than expected in July, and previous estimates of private-sector hiring were revised downward, the U.S. Bureau of Labor Statistics reported today.
BANKING & FINANCE Wilber National Bank has appointed Kenneth W. Giblin, Jr., to the position of senior mortgage account representative in its Provantage Home Loans division.
Top Ranks Lists The 2010 Book of Lists electronic edition may be downloaded in Excel format. These 62 lists include key business information (when available) such as number of employees, revenue, products/services offered, and top executives for each company.