40u40 leaderboard
Welcome to The Greater Binghamton Business Journal

Thursday, September 02, 2010
Subscribe | Login

Our Publications:

arrow_nav Central New York Business Journal
arrow_nav The Greater Binghamton Business Journal
arrow_nav The Mohawk Valley Business Journal

Looking for an article? Click here





Click To Buy

OUR PARTNERS

 

Print  

Print  
Sponsored By:
Aug19 8/19/2010 5:54:00 PM by Eric Reinhardt

Unemployment figures remain steady in Central New York, and an upstate New York banking company expands again. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Aug19 8/19/2010 2:21:00 PM by Traci DeLore

 

Vernon Downs Casino and Hotel will kick off a $7 million renovation and expansion project Friday at the Vernon complex, which includes a harness-racing track, hotel, and casino.

VIP Structures of Syracuse is overseeing the project in a design-build capacity and work should wrap up next spring. VIP announced the initiative in a news release today.

read more...
Aug19 8/19/2010 1:39:00 PM by Traci DeLore

 

The state may have seen its largest monthly job increase in July since 2005, but the uptick had little effect on unemployment.

The state added 29,000 private-sector jobs in July, but the unemployment rate was unchanged from the previous month at 8.2 percent, according to a Labor Department news release. That's down from 8.7 percent in July 2009.

read more...
Aug19 8/19/2010 9:43:00 AM by Kevin Tampone

 

First Niagara Financial Group, Inc. (NASDAQ: FNFG) announced another major expansion today, this time into New England.

First Niagara and New Haven, Conn.-based NewAlliance Bancshares, Inc. (NYSE:NAL) announced that they will combine in a cash and stock transaction worth $1.5 billion. NewAlliance shareholders will receive 1.10 shares of First Niagara stock for each NewAlliance share they own.

read more...
Aug18 8/18/2010 5:54:00 PM by Eric Reinhardt

Federal funding is paying for a study on storing gas emissions, and a Skaneateles man is buying an historic village restaurant. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Aug18 8/18/2010 2:45:00 PM by Kevin Tampone

 

A team of research institutions including Cornell University received $1.3 million to study the potential of storing gas emissions from power plants in underground rock formations.

The money comes from the U.S. Department of Energy. The initiative will also receive $250,000 in funding from the New York State Energy Research and Development Authority.

read more...
Aug18 8/18/2010 1:31:00 PM by Eric Reinhardt

 

A Skaneateles man who operates a scrap-metal business in Tioga County has plans to buy a restaurant that's considered a Skaneateles landmark.

Adam Weitsman, president of Upstate Shredding, LLC and Ben Weitsman & Son of Owego, has confirmed "a signed contract" to purchase The Krebs, a 111-year old seasonal eatery that operates at 53 W. Genesee Street Road (Route 20) in the village of Skaneateles.

read more...
Aug18 8/18/2010 1:24:00 PM by Eric Reinhardt

 

Visitors at the upcoming New York State Fair will have more chances to buy a glass of New York wine.

Gov. David Paterson signed a bill into law on Aug. 15 allowing restaurants and vendors to sell glasses of wine, according to a news release from the fair.

read more...
Aug17 8/17/2010 5:56:00 PM by Eric Reinhardt

A new survey says New York mortgage-closing costs are the highest in the country, and a New York state official wants a review of Medicaid-reimbursement rates. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Aug17 8/17/2010 3:20:00 PM by Eric Reinhardt

 

The OASIS/HealthLink Learning Center has moved from ShoppingTown Mall in DeWitt to the former Telergy building, next to the DoubleTree Hotel, off Carrier Circle.

The new location gives OASIS/HealthLink 11,000 square feet of programming space, doubling the size of its original space in the mall.

read more...
Aug17 8/17/2010 1:58:00 PM by Kevin Tampone

 

A new study from Bankrate, Inc. found that New York's home-mortgage closing costs were the highest in the nation.

The company released its 2010 Closing Costs Survey on Monday. The survey found that New York led the nation with average origination and closing costs of more than $5,600. Arkansas was the least expensive area with average fees of more than $3,000.

read more...
Aug17 8/17/2010 1:49:00 PM by Eric Reinhardt

 

New York's Medicaid program paid more than $40 million for excessive dental cleanings and oral examinations over a five-year period ending Aug. 31, 2009.

The finding is part an audit New York State Comptroller Thomas DiNapoli released today.

read more...
Aug16 8/16/2010 5:49:00 PM by Eric Reinhardt

SEFCU is acquiring an Albany area mortgage-banking company, and Empire State Development Corp. is helping the city of Oswego with its harbor project. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Aug16 8/16/2010 2:59:00 PM by Traci DeLore

 

A number of Central New York projects will receive a financial boost from Empire State Development as its board of directors approved $9.3 million in new funding today.
The city of Oswego received $1 million from the Restore New York Communities Initiative for its harbor revitalization project, which will cover a portion of the construction costs for a 36,000-square-foot expansion of the existing Best Western Captain's Quarters Hotel. The new facilities will include 18 additional hotel rooms and a new restaurant for a total cost of $5 million.
read more...
Aug16 8/16/2010 1:46:00 PM by Eric Reinhardt

 

St. Elizabeth Medical Center on Friday announced the appointment of Richard Ketcham as its next president and CEO.

He'll begin his new job on Sept. 8, the hospital said in a news release. Ketcham most recently served as president and CEO of Brooks Memorial Hospital in Dunkirk in Western New York from 1986 to 2009.

read more...
Aug16 8/16/2010 1:44:00 PM by Kevin Tampone

 

SEFCU, a credit union with several branches in the Syracuse and Binghamton areas, said today it plans to acquire a Latham-based mortgage banking company.

Home Funding Finders, which also has an office in Syracuse, will become a subsidiary of SEFCU when the transaction closes Sept. 1. Terms were not disclosed.

read more...
Aug16 8/16/2010 11:00:00 AM by Eric Reinhardt

Thomas J. Pirro, Jr., the owner of the Thomas J. Pirro Funeral Home at 3401 Vickery Road, stands near the sign for his new funeral home located in the town of Salina. SALINA — Thomas J. Pirro, Jr., a member of the family that previously operated Pirro & Sons Funeral Home in Syracuse, has opened a new funeral home in the town of Salina.

read more...
Aug16 8/16/2010 11:00:00 AM by Kevin Tampone

The site is part of Weighlock Park, and also home to a branch of Syracuse–based Alliance Bank.DeWITT — A new, 119-room hotel has opened in the Carrier Circle area.

read more...
Aug16 8/16/2010 11:00:00 AM by Kevin Tampone

DeWITT — Anaren, Inc. (NASDAQ: ANEN) could make another acquisition soon.

read more...
Aug16 8/16/2010 11:00:00 AM by Kevin Tampone

CICERO — Mary Ann Tyszko, president and CEO of SRCTec, Inc., has resigned from her position, effective this week.

read more...
Aug16 8/16/2010 11:00:00 AM by Traci Delore

ELMIRA — A strong surge of orders helped push machine-tool manufacturer Hardinge, Inc. to a smaller loss in the second quarter than the company has seen in a year or more.

read more...
Aug16 8/16/2010 11:00:00 AM by Traci DeLore

The reason is unclear

ONEONTA — Douglas C. Gulotty has left Wilber Corp. (NYSE Amex: GIW), where he served for 25 years, most recently as president and CEO.

read more...
Aug16 8/16/2010 11:00:00 AM by Thomas Walsh

Family life! The United Nations is child’s play compared to the tugs and splits and need to understand and forgive in any family.
            — Mary Sarton


In a recent column, I talked about how the strengths and weaknesses of individual family members affect the overall success of a family business.

read more...
Aug16 8/16/2010 11:00:00 AM by Eric Reinhardt

The Federal Trade Commission (FTC) on Aug. 4 announced a settlement agreement with Tops Markets, LLC over the “potential anticompetitive effects” created by its acquisition of former Penn Traffic grocery stores.

read more...
Aug16 8/16/2010 11:00:00 AM by Norman Poltenson

Ken Walsleben sent me a letter recently sharing his experience teaching scores of students who want to be entrepreneurs.

read more...
Aug16 8/16/2010 11:00:00 AM by Tom Morgan

The Democrats must be ordering a lot of makeup these days — along with wigs, masks, and camouflage gear. You see, they will have to keep a lot of the Bush tax cuts and will need to disguise this.

read more...
Aug16 8/16/2010 11:00:00 AM by Erin Zehr

ACCOUNTING

Firley, Moran, Freer & Eassa, P.C. has hired Christine H. Fleischman as a staff accountant in the tax department.

read more...
Aug16 8/16/2010 11:00:00 AM by Julie Doherty

FAYETTEVILLE — During these difficult economic times, the Fayetteville Free Library (FFL) has stepped into the breach, providing local community members with low or no-cost alternatives for entertainment and access to technology.

read more...
Aug13 8/13/2010 5:27:00 PM by Eric Reinhardt

The nation's retail sales rose in July, and a Southern Tier hospital buys the assets of a physician's group. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

 

read more...
Aug13 8/13/2010 2:08:00 PM by Kevin Tampone

 

The Commerce Department said today retail sales rose 0.4 percent in July following drops in May and June.

The increase matched analyst expectations, according to the department. Vehicle sales rose 1.6 percent during the month while sales excluding auto dealers climbed 0.2 percent.

read more...
Aug13 8/13/2010 2:07:00 PM by Eric Reinhardt

 

St. Joseph's Hospital of Elmira on Aug. 10 announced an agreement to purchase the assets of Internal Medicine Associates of the Southern Tier (IMAST), also of Elmira.

Terms of the agreement were not disclosed. The agreement formalizes a "longstanding medical partnership" between the two Southern Tier health-care providers, St. Joseph's said in a news release.

read more...
Aug13 8/13/2010 1:35:00 PM by Eric Reinhardt

 

Keystone Material Testing, LLC (KMT) of Binghamton on Thursday announced its merger with Enviro Testing, also of Binghamton.
The joint press release did not include any financial details of the transaction.

KMT offers construction material testing services. The firm operates at the corporate offices of Keystone Associates Architects, Engineers, and Surveyors, LLC at 58 Exchange St. in Binghamton.

read more...
Aug12 8/12/2010 5:44:00 PM by Eric Reinhardt

A new survey indicates optimism among a sampling of New York employers. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Aug12 8/12/2010 2:27:00 PM by Kevin Tampone

 

Employers in a new survey say they are optimistic about economic recovery, despite frustration with New York's government.

The Business Council of New York State, Inc., a statewide business group, released results of the electronic survey of about 3,000 members today.

read more...
Aug12 8/12/2010 1:45:00 PM by Eric Reinhardt

 

U.S. Sen. Kirsten Gillibrand (D-N.Y.) is pushing to make permanent a tax cut for businesses that hire veterans.

The "Work Opportunity Tax Credit," which was part of the federal economic stimulus package, is meant to encourage companies to hire veterans returning from Iraq and Afghanistan.

read more...
Aug11 8/11/2010 5:54:00 PM by Eric Reinhardt

The CEO of a Cicero frim has resigned, and the Sunoco ethanol plant in Volney includes something new. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Aug11 8/11/2010 3:16:00 PM by Eric Reinhardt

 

New York State Electric & Gas Corp. (NYSEG) is offering a new small business energy-efficiency program in most of its service area.

The utility is partnering with EnerPath of Rochester, a firm that specializes in energy-efficiency assessments.

read more...
Aug11 8/11/2010 3:14:00 PM by Kevin Tampone

 

A new carbon dioxide production plant is now running at the Sunoco ethanol facility in Volney.

Linde North America's carbon dioxide plant can produce 600 tons of the gas per day. The gas is captured from ethanol-production emissions, purified, and liquefied for sale to customers throughout New York, New Jersey, Pennsylvania, and New England.

read more...
Aug11 8/11/2010 3:09:00 PM by Kevin Tampone

 

Mary Ann Tyszko, president and CEO of SRCTec, Inc., has resigned from her position, effective this week.

Tyszko has led SRCTec since it launched in 2006. SRCTec is the for-profit manufacturing subsidiary of nonprofit research company SRC. Tyszko resigned for personal reasons and to move on to new challenges, says Lisa Mondello, a spokeswoman for the company.

read more...
Aug10 8/10/2010 5:50:00 PM by Eric Reinhardt

Carrols Corp. reports a decline in its second-quarter profit. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

 

read more...
Aug10 8/10/2010 2:28:00 PM by Kevin Tampone

 

MedTech President Heather Erickson is one of two new co-chairs of the State Medical Technology Alliance, a national network of associations representing medical-device companies.

Erickson's co-chair is Joseph Panetta, president and CEO of BIOCOM in Southern California. Syracuse-based MedTech is a trade association representing medical device and technology firms in upstate New York.

read more...
Aug10 8/10/2010 1:49:00 PM by Eric Reinhardt

 

Carrols Restaurant Group, Inc. (NASDAQ: TAST), parent company of Carrols Corp., earned $2.4 million in the second quarter, down from $7.1 million in the same quarter of 2009.

An impairment charge of $3.6 million reduced the net income figure to $2.4 million, the company said in a news release.

read more...
Aug9 8/9/2010 5:53:00 PM by Eric Reinhardt

A new report says per-capita personal incomes in Syracuse fell during 2008 and 2009. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Aug9 8/9/2010 1:46:00 PM by Traci DeLore

 

Douglas Gulotty has left The Wilber Corp., where he worked for 25 years and was most recently president and CEO.

Wilber announced the news Aug. 6 but did not say if Gulotty retired or left the company for some other reason. Gulotty, whose Facebook profile lists his current occupation as "self employed," could not immediately be reached for comment.

read more...
Aug9 8/9/2010 11:34:00 AM by Kevin Tampone

 

Per capita personal income in the Syracuse and Binghamton metropolitan statistical areas fell between 2008 and 2009 while rising slightly in the Utica-Rome area.

The U.S. Bureau of Economic Analysis reported the latest personal-income statistics today. Per capita personal income fell 0.5 percent in the Syracuse area to $36,784 in 2009 and dropped 0.7 percent to $34,116 in the Binghamton area.

read more...
Aug9 8/9/2010 11:00:00 AM by Kevin Tampone

Attendees at a Cyber Defense Institute (CDI) course train with one of the company’s programs. CDI was launched by two veterans of Syracuse University’s (SU) Center for Business Information Technologies (CBIT). The company offers consulting and training focused on security.Cyber Defense Institute offers security training and consulting

SYRACUSE — Two veterans of Syracuse University’s (SU) Center for Business Information Technologies (CBIT) have launched a new consulting and training firm focused on security.

read more...
Aug9 8/9/2010 11:00:00 AM by Eric Reinhardt

New Yorkers remain hesitant to spend their money on big-ticket items and aren’t optimistic about the national or statewide economic outlook in the months ahead.

read more...
Aug9 8/9/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — A month into her tenure as the new managing partner of the law firm Hancock & Estabrook, LLP in Syracuse, Janet D. Callahan is still unassuming about it and grateful to her fellow partners.

read more...
Aug9 8/9/2010 11:00:00 AM by Maria Carbonaro

SYRACUSE — The Metropolitan Policy Program at Brookings recently issued the report, “Export Nation — How U.S. Metros Lead National Export Growth,” which compares export data among the top 100 metropolitan areas in the United States.

read more...
Aug9 8/9/2010 11:00:00 AM by Adam Rombel

ONEONTA — The Wilber Corporation, parent company of Wilber National Bank, said its second-quarter profit fell 30 percent as it set aside more money to cover potential loan losses.

read more...
Aug9 8/9/2010 11:00:00 AM by Adam Rombel

The New York State Senate has approved legislation that would suspend hydraulic fracturing for the extraction of natural gas or oil until May 15, 2011.

read more...
Aug9 8/9/2010 11:00:00 AM by Eric Reinhardt

Saying Medicare and Medicaid fraud is costing New York taxpayers billions, U.S. Senator Kirsten Gillibrand (D–N.Y.) is introducing a bill she believes will reduce wasteful spending and preserve health-care services for senior citizens and younger New Yorkers.

read more...
Aug9 8/9/2010 11:00:00 AM by Eric Reinhardt

The upcoming open-enrollment period for health-care insurance “will be more challenging than ever” as plan sponsors adjust to new requirements for plan years beginning on or after Sept. 23 (Jan.1 for calendar-year plans).

read more...
Aug9 8/9/2010 11:00:00 AM by Eric Reinhardt

CAROLINE — The New York State Insurance Department has agreed to a $1 million reduction in reserve requirements for the Greater Tompkins County Municipal Health Insurance Consortium. The move should help the municipal consortium, the first of its kind in New York State, get off the ground.

read more...
Aug9 8/9/2010 11:00:00 AM by Eric Reinhardt

The average total-medical spending for a “typical American family of four” has reached $18,074 in 2010, an increase of $1,303 over last year.

read more...
Aug9 8/9/2010 11:00:00 AM by Traci DeLore

COO Scholefield named interim president and CEO

UTICA — Sister M. Johanna DeLelys retired as president and CEO of St. Elizabeth Medical Center on July 16 after six-plus years, and the hospital has begun the search for her replacement.

read more...
Aug9 8/9/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — St. Joseph’s Hospital Health Center has named Kathryn Howe Ruscitto as the hospital’s 13th president and CEO. She will replace Theodore Pasinski on Jan. 1, 2011.

read more...
Aug9 8/9/2010 11:00:00 AM by Traci DeLore

BINGHAMTON — Southern Tier Health Link (STHL) New York recently introduced its enhanced master patient-index service, which seeks to help local health-care organizations consolidate patient information and reduce duplicate patient medical records.

read more...
Aug9 8/9/2010 11:00:00 AM by

COMMUNITY GENERAL HOSPITAL

Tracy Fenner has been named manager of labor relations at Community General Hospital.

read more...
Aug9 8/9/2010 11:00:00 AM by David John Marotta

The economy in the first half of 2010 has been disappointing, especially to investors and job-seekers.

read more...
Aug9 8/9/2010 11:00:00 AM by

ADVERTISING AGENCIES

Pinckney Hugo Group has hired Trisha Bombardo as an art director in the agency’s creative services department.

read more...
Aug9 8/9/2010 11:00:00 AM by Maria Carbonaro

A Tompkins Trust Company employee assists a client in the company’s customer-service area.ITHACA — The clocks at the end of the Ithaca Commons had fallen into a state of disrepair; over time, they had gone from unreliable to completely nonfunctional. Tompkins Trust Company donated the $20,000 to replace the three time and temperature clocks, and on June 25, a ribbon cutting was held. This is but one example of the company closely knitting itself to its community.

read more...
Aug6 8/6/2010 5:35:00 PM by Eric Reinhardt

A Central New York county wants to upgrade its public-safety communications system. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Aug6 8/6/2010 3:11:00 PM by Eric Reinhardt

 

Magna International, Inc. (NYSE: MGA) today announced earnings of $293 million in the second quarter, compared to a loss of $205 million during the same time period in 2009.

The company's earnings per share totaled $2.59 in the second quarter, compared to a loss of $1.83 per share in the year-earlier quarter.

read more...
Aug6 8/6/2010 2:47:00 PM by Norm Poltenson

Steve Wynn, the famed Las Vegas casino and hotel developer who was raised in Utica, doesn't mince words when it comes to his views on Washington's policies. Check out the video of his interview on CNBC this spring if you haven't seen it.

read more...
Aug6 8/6/2010 2:13:00 PM by Eric Reinhardt

 

Cayuga County and Motorola, Inc. (NYSE: MOT) today announced a $13.3 million contract for a public-safety communications system.

read more...
Aug6 8/6/2010 1:38:00 PM by Eric Reinhardt

 

GateHouse Media, Inc. (OTC Pink Sheets: GHSE), the parent company of Utica's The Observer-Dispatch and several other local newspapers, announced Thursday it lost $5.3 million in the second quarter ending June 30.

read more...
Aug6 8/6/2010 1:25:00 PM by Adam Rombel

 

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.

read more...
Aug5 8/5/2010 5:44:00 PM by Eric Reinhardt

The Federal Trade Commission wants Tops Friendly Markets to sell some stores, and Anaren, Inc. reports a rise in its profit. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Aug5 8/5/2010 3:03:00 PM by Eric Reinhardt

Anaren, Inc. (NASDAQ: ANEN) earned $3.8 million in its fiscal fourth quarter that ended June 30, up from net income of $3.5 million during the same quarter in 2009.

The DeWitt-based firm's profit translated to 26 cents per diluted share, compared to 24 cents in the year-earlier quarter.

 
read more...
Aug5 8/5/2010 1:38:00 PM by Eric Reinhardt

The Federal Trade Commission (FTC) on Wednesday announced a settlement agreement with Tops Markets, LLC over the "potential anticompetitive effects" created by its acquisition of former Penn Traffic grocery stores.

Tops acquired 79 stores in bankruptcy court in January from the Penn Traffic Co. of Syracuse.

 
read more...
Aug4 8/4/2010 5:57:00 PM by Eric Reinhardt

State lawmakers consider a bill to suspend hydrofracking, and a local telephone company receives federal help to offer broadband service. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Aug4 8/4/2010 3:26:00 PM by Eric Reinhardt

 

The Port Byron Telephone Co., Inc. in Cayuga County and the Deposit Telephone Co. Inc. in Broome County will use federal grant money to provide high-speed Internet service to their respective customers in rural areas.

read more...
Aug4 8/4/2010 2:37:00 PM by Eric Reinhardt

 

Unshackle Upstate on Tuesday announced the launch of a new website for its political-action committee, UPAC.

The site enables New Yorkers to contribute to UPAC's efforts to bring about change in Albany, the organization said in a news release.

read more...
Aug4 8/4/2010 2:30:00 PM by Eric Reinhardt

 

Consumer confidence in upstate New York declined 3.5 points to 54.5 in July, according to the latest monthly survey from the Siena (College) Research Institute (SRI) released today.

read more...
Aug4 8/4/2010 11:02:00 AM by Adam Rombel

 

The New York State Senate has voted to suspend hydraulic fracturing for the extraction of natural gas or oil until May 15, 2011.

The legislation, which now heads to the Assembly, would halt the issuance of new permits for such drilling in the Marcellus Shale formation, which is found in much of the Southern Tier and stretches into Central New York.

read more...
Aug3 8/3/2010 5:55:00 PM by Eric Reinhardt

St. Joseph's Hospital Health Center has named its next president and CEO. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

 

read more...
Aug3 8/3/2010 3:38:00 PM by Eric Reinhardt

Jiffy Lube International, Inc. on Monday announced the Syracuse area as one of its targets for franchise growth in 2010.

read more...
Aug3 8/3/2010 3:26:00 PM by Eric Reinhardt

Former New York State Fair Director Peter Cappuccilli, Jr. is accused of diverting state funds totaling $78,000 for personal use and "squandering" $870,000 in state money on lavish parties and weddings for his two daughters.

read more...
Aug3 8/3/2010 2:25:00 PM by Eric Reinhardt

St. Joseph's Hospital Health Center today announced the appointment of Kathryn Howe Ruscitto as the hospital's 13th president and CEO.

She will replace Theodore Pasinski on Jan. 1.

read more...
Aug2 8/2/2010 5:53:00 PM by Eric Reinhardt

Another local college partners with Upstate Venture Connect, and a late Central New York business man helps an organization he played a role in forming. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Aug2 8/2/2010 3:24:00 PM by Eric Reinhardt

The estate of the late founder of Gallinger Real Estate has designated the Eldercare Foundation to receive $1 million, estate president, Sandra Martin, announced Friday.

read more...
Aug2 8/2/2010 1:39:00 PM by Adam Rombel

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.

read more...
Aug2 8/2/2010 12:00:00 PM by Traci DeLore

CONKLIN — From a busboy to an executive chef, a new service called WyckWyre provides restaurants and food-service companies a one-stop shop for hiring new staff.

read more...
Aug2 8/2/2010 11:22:00 AM by Eric Reinhardt

Upstate Venture Connect (UVC) today announced that Le Moyne College has signed on as the third founding partner to support its efforts in accelerating high-growth entrepreneurship in the region.

read more...
Aug2 8/2/2010 11:00:00 AM by Traci DeLore

Jones Water Supply, located in Kirkwood, has been acquired by Rexford Albany Municipal Supply Co., Inc. (RAMSCO) in a deal that closed May 31.KIRKWOOD — It took four years of talking and making it through a recession before the deal could happen. But Rexford Albany Municipal Supply Co., (RAMSCO) Inc., a Watervliet–based water and sewer supply company, has finally made good on its plans to acquire Kirkwood–based Jones Water Supply.

read more...
Aug2 8/2/2010 11:00:00 AM by Traci DeLore

New York could have already missed out on $11 billion in economic benefits from natural-gas drilling, and could lose a whole lot more if horizontal drilling isn’t allowed in the state, a Washington, D.C. petroleum-industry group says.

read more...
Aug2 8/2/2010 11:00:00 AM by Traci DeLore

Dan Ross Financial Services moved from its Victorian building on Front Street in Binghamton to this structure at 1249 Upper Front St. in the town of Chenango to handle the company’s growth.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.

read more...
Aug2 8/2/2010 11:00:00 AM by Traci DeLore

Hardinge getting ready to report 2nd-quarter earnings

ELMIRA — More than six months after it launched efforts to acquire Hardinge Inc., a Brazilian company has given up.

read more...
Aug2 8/2/2010 11:00:00 AM by

Welcome to The Greater Binghamton Business Journal’s annual Architecture & Eng-ineering Directory.

We contacted regional architects and engineers and asked them to submit the most recent highlights of their work. The directory showcases the top professionals in Broome, Chenango, and Tioga counties.

The types of projects and structures include university buildings, retail stores, and health-care facilities.

We hope you will find this informative, interesting, and, most of all, useful.

read more...
Aug2 8/2/2010 11:00:00 AM by

ADVERTISING AGENCIES

Kursten Brown will be joining Howell, Liberatore & Wickham, Inc. (HL&W) as an account manager. Brown graduated with a bachelor’s degree in integrated marketing communications from the Roy H. Park School of Communications at Ithaca College in May.

read more...
Aug2 8/2/2010 11:00:00 AM by Kevin Tampone

Patrick Jones, vice president of banking services, left, and Michael Masse,  Central New York district executive for HSBC, right, outside HSBC’s future  office at Washington Station, located near Armory Square. HSBC plans to move late this fall. SYRACUSE — HSBC will relocate its offices and branch in downtown Syracuse to the nearly complete Washington Station building located on the doorstep of Armory Square.

The bank plans to move its corporate offices Nov. 22 and its branch Dec. 6. The new six-story, 126,000-square-foot office building will also be home to its developer, The Pioneer Cos., and engineering firm O’Brien & Gere (OBG) of DeWitt.

read more...
Aug2 8/2/2010 11:00:00 AM by Kevin Tampone

Technicians cut a film sample for thickness measurement at Novomer. The company received additional federal funding in July that will help it continue moving toward full-scale production of its materials.ITHACA — Novomer, Inc. won additional federal funding in July that will help the firm continue moving toward full-scale production of its materials.

Novomer, a Cornell University spinoff, is developing a line of plastics, polymers, and other chemicals based on renewable feedstocks.

read more...
Aug2 8/2/2010 11:00:00 AM by Eric Reinhardt

Meinking starts new job at Rochester firm Aug. 2  

DeWITT — The Empire State Chapter of the Associated Builders and Contractors (ABC), Inc. has a new president and his predecessor has accepted a new position at an ABC member.

read more...
Aug2 8/2/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — Visitor-travel spending declined 7.9 percent in Onondaga County last year compared to 2008 figures, but the decline was smaller than several upstate New York cities and the state as a whole.

read more...
Aug2 8/2/2010 11:00:00 AM by Eric Reinhardt

Dr. David Smith, president of Upstate Medical University, speaks to reporters outside Townsend Tower at 500 Harrison St. in Syracuse.SYRACUSE — The State University of New York Upstate Medical University expects design work for planned renovations at two vacant apartment complexes on Harrison Street to begin by September and continue for about nine months.

read more...
Aug2 8/2/2010 11:00:00 AM by Eric Reinhardt

Consumers in the Syracuse, Utica–Rome, and Binghamton areas believe now is a good time to buy a home, but a tough time to sell one.

read more...
Aug2 8/2/2010 11:00:00 AM by Kevin Tampone

Bankers are wary of uncertainty and added burdens

When President Barack Obama signed a massive overhaul of the nation’s financial regulations into law in July, it was the end of a more than two-year effort for lawmakers.

read more...
Aug2 8/2/2010 11:00:00 AM by Kevin Tampone

A lower loan-loss provision, higher fee income, and controlled expenses helped KeyCorp (NYSE: KEY) produce its first quarterly profit in two years during the second quarter.

read more...
Aug2 8/2/2010 11:00:00 AM by Kevin Tampone

DeWITT — Leaders at DeWitt–based Community Bank System, Inc. expect to reap solid benefits in the coming years from natural-gas drilling in the Marcellus Shale formation in Pennsylvania.

read more...
Aug2 8/2/2010 11:00:00 AM by Kevin Tampone

First Niagara Financial Group, Inc. (NASDAQ: FNFG) leaders say they are pleased so far with how the company’s recent acquisitions in Pennsylvania have boosted its financial performance.

read more...
Aug2 8/2/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — An increase in net interest income and a lower provision for loan losses helped drive net income higher at Alliance Financial Corp. (NASDAQ: ALNC) in the second quarter.

read more...
Aug2 8/2/2010 11:00:00 AM by Kevin Tampone

M&T Bank Corp. (NYSE: MTB) says it has been seeing soft loan demand lately, but the company is high on its deposit business, its CFO said.

read more...
Aug2 8/2/2010 11:00:00 AM by Kevin Tampone

ITHACA — Tompkins Financial Corp. (AMEX: TMP) earned $9 million in the second quarter, up more than 21 percent from a year earlier and higher than analysts’ expectations.

read more...
Aug2 8/2/2010 11:00:00 AM by Mark T. Harrington

Most of us fully expect to be charged a fee if we withdraw more money from our bank accounts than we have.

But that way of thinking is now in the past.

read more...
Aug2 8/2/2010 11:00:00 AM by Thomas Walsh

No one ever excused his way to success.
— Dave Del Dotto


It’s no secret that I’m a proponent of strategic planning. If you’ve read any of my columns over the years, you know that I believe every business — especially closely held companies — should implement a strategic plan to align the organization around key objectives and create accountability for results.

read more...
Aug2 8/2/2010 11:00:00 AM by Norman Poltenson

“At approximately 8:30 a.m. on the first Friday of every month, the Department of Labor’s Bureau of Labor Statistics (BLS) releases a snapshot showing what the U.S. labor market looked like in the previous month.” So begins an article in the Summer 2010 issue of National Affairs, authored by Rea Hederman, Jr., the assistant director of the Heritage Foundation’s Center for Data Analysis.

read more...
Aug2 8/2/2010 11:00:00 AM by

ADVERTISING AGENCIES

Kursten Brown will be joining Howell, Liberatore & Wickham, Inc. (HL&W) as an account manager.

read more...
Aug2 8/2/2010 11:00:00 AM by Julie Doherty

ITHACA — In 1988, as part of his master’s-degree project at Cornell University, graduate student Andrew Zepp proposed the creation of a regional land trust in the Finger Lakes. Less than one year later, the Finger Lakes Land Trust (FLLT) was founded as a nonprofit organization “to conserve those lands that define the character of the Finger Lakes region of upstate New York,” according to the organization’s website.

read more...
Jul30 7/30/2010 5:47:00 PM by Eric Reinhardt

A Central New York marketing-communications firm confirms layoffs, and the quarterly profit for a Syracuse-area bank has doubled. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul30 7/30/2010 3:01:00 PM by Eric Reinhardt

Eric Mower and Associates (EMA), the largest advertising agency in Central New York, has confirmed the layoff of seven employees from its Syracuse office earlier this month.

read more...
Jul30 7/30/2010 2:27:00 PM by Traci DeLore

ROME - Griffiss Local Development Corporation (GLDC) has acquired TJL Enterprises and will take over grounds maintenance and snow removal at Griffiss Business and Technology Park.

GLDC bought TJL for $290,000, which includes all equipment and contracts, from retiring owner Thomas Ladd.

read more...
Jul30 7/30/2010 2:17:00 PM by Eric Reinhardt

The U.S. Small Business Administration (SBA) on Thursday announced that its newly designed website will launch this fall.

 
read more...
Jul30 7/30/2010 2:08:00 PM by Eric Reinhardt

Beacon Federal Bancorp, Inc.'s profit jumped in the second quarter to $1.5 million, or 24 cents per share. Its growth was led by a rise in net interest margin as its cost of funds fell sharply. Beacon Federal's provision for loan losses also declined compared to a year ago.

read more...
Jul29 7/29/2010 5:53:00 PM by Eric Reinhardt

A Syracuse company installs wind turbines on the Carousel Center, and ConMed Corp. of Utica reports a higher profit. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul29 7/29/2010 2:12:00 PM by Traci DeLore

UTICA - ConMed Corporation (NASDAQ: CNMD) today reported that its second-quarter net income soared to $7.3 million, or 25 cents a share, from $1.4 million, or 5 cents, in the year-ago period.

read more...
Jul29 7/29/2010 2:05:00 PM by Eric Reinhardt

PowAIR Sail, Inc., a Syracuse-based manufacturer specializing in vertical-wind turbines for the residential and commercial markets, says it has installed three units on the roof of the Carousel Center.

read more...
Jul29 7/29/2010 1:53:00 PM by Eric Reinhardt

The Thomas J. Pirro Funeral Home recently opened for business in the town of Salina, marking a return to the industry for its owners.

read more...
Jul28 7/28/2010 5:56:00 PM by Eric Reinhardt

A new state law aims to expand technology-commercialization clinics, and an Oswego banking company reports a rising profit. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul28 7/28/2010 12:08:00 PM by Eric Reinhardt

 

The Syracuse area added 100 construction jobs between June 2009 and June 2010, making it one of only 25 metropolitan areas nationwide that added construction jobs during that period.

The Utica-Rome lost 400 construction jobs, while the Binghamton area lost 100 construction jobs during the same stretch.

read more...
Jul28 7/28/2010 10:43:00 AM by Kevin Tampone

 

Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, earned $550,000 in the second quarter, up from $31,000 a year earlier.

Earnings per share in the period totaled 17 cents a share, up from 1 cent per share in the second quarter of 2009.

read more...
Jul28 7/28/2010 10:40:00 AM by Kevin Tampone

 

A new state law will advance establishment of technology commercialization clinics at universities throughout New York based on a model developed at the Syracuse University (SU) College of Law.

The Technology Commercialization Clinic at SU's law school has been helping move technology from research to market for 24 years with business and legal information and analysis for early-stage companies.

read more...
Jul27 7/27/2010 5:46:00 PM by Eric Reinhardt

The Sensis Corp. of DeWitt announces a job-cut figure, and HSBC has plans to move to a new home in downtown Syracuse. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

 

read more...
Jul27 7/27/2010 3:37:00 PM by Kevin Tampone

 

Sensis Corp. said today it will cut 84 jobs, most of those from its two Central New York sites.

The company first announced last week it planned to eliminate jobs in response to changes in some of its markets. Beth Larson, a spokeswoman for Sensis, confirmed the number of jobs to be cut today.

read more...
Jul27 7/27/2010 12:30:00 PM by Kevin Tampone

 

HSBC will relocate its offices and branch in downtown Syracuse to the nearly complete Washington Station building on the edge of Armory Square.

The bank plans to move its corporate offices Nov. 22 and its branch Dec. 6. The new six-story, 126,000-square-foot office building will also be home to its developer, The Pioneer Cos., and engineering firm O'Brien & Gere (OBG) of DeWitt.

read more...
Jul27 7/27/2010 11:00:00 AM by Adam Rombel

You can feel it can’t you? I’m talking about the palpable sense of unease many business owners and consumers have about the economy and their own financial condition.

read more...
Jul27 7/27/2010 11:00:00 AM by Traci DeLore

Congressman Michael Arcuri presents EmMi Beads owner Kim Schweitzer a “First Dollar of Profit” certificate from the Clinton Chamber of Commerce. The business recently moved to a bigger spaceCLINTON — Beading fans have a new, larger place in which to check out supplies and work on a new project now that EmMi Beads has a new location.

Owner Kim Schweitzer moved her bead shop to 4 W. Park Row about a month ago to take advantage of a larger space that sees much more foot traffic than her old location on Fountain Street.

read more...
Jul27 7/27/2010 11:00:00 AM by Traci DeLore

UTICA — Come Aug. 1, clients of Day, Scarafile & Read, Inc. will have a new place in which to do business with the insurance, accounting, financial-planning, and tax-services firm.

read more...
Jul27 7/27/2010 11:00:00 AM by Traci DeLore

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.

read more...
Jul27 7/27/2010 11:00:00 AM by Traci DeLore

COO Scholefield named interim president and CEO

UTICA — Sister M. Johanna DeLelys retired as president and CEO of St. Elizabeth Medical Center on July 16 after six-plus years, and the hospital has begun the search for her replacement.

read more...
Jul27 7/27/2010 11:00:00 AM by

Welcome to The Mohawk Valley Business Journal’s annual Architecture & Eng-ineering Directory.

We contacted regional architects and engineers and asked them to submit the most recent highlights of their work. The directory showcases the top professionals in our region.

The types of projects and structures include university buildings, corporate offices, and health-care facilities.

We hope you will find this informative, interesting, and, most of all, useful.

read more...
Jul27 7/27/2010 11:00:00 AM by

MARCY — SUNY Institute of Technology at Utica–Rome has a new fundraiser.

read more...
Jul27 7/27/2010 11:00:00 AM by

EDUCATION & TRAINING

USC The Business College announced the addition of four new adjunct faculty members to its Utica campus.

read more...
Jul27 7/27/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — One of the largest hotels in the Syracuse area, which is visible to drivers along Interstate 81 in the heart of downtown Syracuse, has new ownership. And it will soon have a new brand name.

read more...
Jul27 7/27/2010 11:00:00 AM by Kevin Tampone

A Sensis Corp.  employee works on a piece of equipment. DeWITT — Sensis Corp. plans to cut an undetermined number of jobs in the coming weeks in response to changes in some of its markets.

read more...
Jul27 7/27/2010 11:00:00 AM by Kevin Tampone

VOLNEY — Sunoco, Inc. has restarted the former Northeast Biofuels plant, and the company says ethanol production could be a big part of its future.

read more...
Jul27 7/27/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — The New York Family Business Center is planning a boot camp for Aug. 9 aimed at future generations of family-business leaders.

read more...
Jul27 7/27/2010 11:00:00 AM by Eric Reinhardt

Upstate Medical University hopes to save $2.4 million annually

SYRACUSE — National Grid and the New York State Energy Research and Development Authority (NYSERDA) on July 19 launched a program to help the utility’s
hospital customers reduce their energy costs.

read more...
Jul27 7/27/2010 11:00:00 AM by Mike Brown

Alexander Pope wrote that “hope springs eternal in the human breast” — but in my experience as a patent attorney, I’ve found that some people’s hope springs are wound tighter than others.

read more...
Jul27 7/27/2010 11:00:00 AM by Reid Goldsborough

The recent brouhaha surround the latest version of the popular iPhone sheds interesting light on the early adoption of new technologies.

read more...
Jul27 7/27/2010 11:00:00 AM by

Welcome to The Central New York Business Journal’s annual Architecture & Engineering Directory.

We contacted regional architects and engineers and asked them to submit the most recent highlights of their work. The directory showcases the top professionals in our 16-county region.

The types of projects and structures include university buildings, restaurants, and health-care facilities.

We hope you will find this informative, interesting, and, most of all, useful.

read more...
Jul27 7/27/2010 11:00:00 AM by Harold Miller

America’s current recession once again teaches the lesson of a need for higher education in order to ensure job security. Knowledge is power. From the neck down, your income is limited to whatever they’re paying to flip hamburgers at McDonald’s. From the neck up, there is no limit to your earning power.

read more...
Jul27 7/27/2010 11:00:00 AM by

ADVERTISING & MARKETING

ABC Creative Group has hired Jamie Leszczynski as an account manager/media supervisor. Prior to joining ABC Creative, Leszczynski spent the last few years in development and marketing at SUNY Oswego. She has also managed marketing projects and campaigns for several organizations such as Oswego County National Bank, Young Professionals of Oswego County, and a variety of other nonprofits.

read more...
Jul27 7/27/2010 11:00:00 AM by Maria Carbonaro

Raymond V. Grimaldi, right, discusses a project with Bob Ketchen at Grimaldi & Nelkin’s Syracuse office. The company is an accounting firm that offers auditing and financial reporting, tax planning and compliance, purchase and sale of businesses, valuations, fraud issues, and estate planning.SYRACUSE — Raymond V. Grimaldi’s entry into the accounting field was by chance more than by design. In 1959, Grimaldi, the founding partner of Grimaldi & Nelkin, CPAs, PLLC, attended Syracuse University on a gymnastics scholarship, majoring in math and science, and interested in chemical engineering. He later changed his mind.

read more...
Jul27 7/27/2010 10:38:00 AM by Traci DeLore

 

Sales were up 3.2 percent in the second quarter at PAR Technology Corp. and net income more than tripled at the hospitality hardware and software manufacturer.

Second-quarter revenue was $56.2 million, up from $54.5 million a year ago. Net income jumped from $238,000, or 2 cents per share, in the second quarter last year to $849,000, or 6 cents per share.

read more...
Jul27 7/27/2010 10:36:00 AM by Traci DeLore

 

Second-quarter earnings rose at NBT Bancorp, Inc. (NASDAQ: NBTB), the holding company of NBT Bank.
The banking company reported net income of $14.4 million, or 42 cents per share, up 24.8 percent from $11.6 million, or 34 cents per share, a year ago. NBT shares were trading up more than 2.6 percent this morning at $22.82.
read more...
Jul26 7/26/2010 5:33:00 PM by Eric Reinhardt

A Syracuse law firm has a new managing partner, and Rome Memorial Hospital will have a new CEO in 2011. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul26 7/26/2010 3:13:00 PM by Traci DeLore

 

Second-quarter earnings rose at Chemung Financial Corp., which reported a 260 percent increase in net income in the period.

The company earned $2.5 million, or 69 cents per share, for the quarter, compared with $695,000, or 19 cents, a year ago.

read more...
Jul26 7/26/2010 2:56:00 PM by Kevin Tampone

 

Janet Callahan is the new managing partner of the law firm Hancock & Estabrook, LLP in Syracuse.

Callahan joined the firm in 1984 and became a partner in 1989. She leads the firm's litigation and appellate practice groups and has been on the executive committee since 2003.

read more...
Jul26 7/26/2010 1:52:00 PM by Eric Reinhardt

 

Rome Memorial Hospital President and CEO Darlene Burns will retire on Dec. 31 after working at the facility in various capacities for nearly 40 years, the hospital announced Friday.

The Rome Memorial board of directors selected Basil Ariglio, the hospital's senior vice president and chief operating officer, as Burns' successor.

read more...
Jul26 7/26/2010 1:50:00 PM by Traci DeLore

 

Second-quarter earnings were down at Oneida Financial Corp. due to a drop in value of trading securities and increased provisions for loan losses.

The banking company reported net income of $814,000, or 10 cents per share, compared to $1.1 million, or 14 cents per share, a year ago. Oneida announced its results Friday.

read more...
Jul23 7/23/2010 4:42:00 PM by Eric Reinhardt

The Sensis Corporation plans job cuts, and an Ithaca firm receives millions in federal funding. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

 

read more...
Jul23 7/23/2010 11:36:00 AM by Eric Reinhardt

 

More than one-quarter of the nation's chief financial officers (CFOs) in a new survey say they'd consider consulting work if it meant staying employed instead of retiring.

Robert Half Management Resources, a division of Menlo Park, Calif.-based Robert Half International, released the survey Thursday. Robert Half International specializes in the placement of skilled administrative professionals.

read more...
Jul23 7/23/2010 10:29:00 AM by Kevin Tampone

 

Sensis Corp. plans to cut an undetermined number of jobs in the coming weeks in response to changes in some of its markets.

The company will know how many jobs it will eliminate by Aug. 1, Beth Larson, a Sensis spokeswoman, said in an e-mail. The cuts will include a mix of technical and corporate positions.

read more...
Jul23 7/23/2010 10:13:00 AM by Kevin Tampone

 

Novomer, Inc. is one of six companies that will share in $106 million in funding from the economic stimulus act to develop ways to convert captured carbon dioxide into useful products.

The company, a Cornell University spinoff, will get $18.4 million. Novomer is developing plastics created from renewable sources that can be used to produce everything from containers to coatings and laminates.

read more...
Jul23 7/23/2010 10:09:00 AM by Kevin Tampone

 

Community Bank System, Inc. (NYSE: CBU) earned $16.2 million in the second quarter, up more than 76 percent from a year earlier.

Earnings per share in the period totaled 48 cents, up from 28 cents in the second quarter of 2009. Analysts were expecting earnings of 41 cents a share, according to Yahoo Finance.

read more...
Jul22 7/22/2010 5:45:00 PM by Eric Reinhardt

Upstate Medical University acquires two buildings for student housing, and KeyCorp reports its first quarterly profit in two years. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul22 7/22/2010 1:37:00 PM by Eric Reinhardt

 

The State University of New York (SUNY) Upstate Medical University today announced its acquisition of two vacant apartment complexes on Harrison Street in downtown Syracuse.

The acquisition of Townsend Tower at 500 Harrison St. and Harrison House, located across the street from Townsend Tower, is part of the medical school's plan to offer additional student housing.

read more...
Jul22 7/22/2010 11:03:00 AM by Kevin Tampone

 

Net income attributable to common shareholders at KeyCorp (NYSE: KEY) totaled $29 million in the second quarter, compared with a loss of $390 million a year earlier.
It's the first quarterly profit for the banking company since 2008.

Earnings per common share in the period totaled 3 cents, compared with a loss of 68 cents a share in the second quarter of 2009. Earnings per share from continuing operations in the period totaled 6 cents.

read more...
Jul22 7/22/2010 10:31:00 AM by Kevin Tampone

 

Net income available to shareholders at First Niagara Financial Group, Inc. totaled $20 million in the second quarter, up from $11.4 million a year earlier.

Earnings per share in the period totaled 10 cents, up from 8 cents a year ago. Operating income, which excludes nonrecurring items, was $44.9 million, up from $25.5 million in the second quarter of 2009.

read more...
Jul21 7/21/2010 6:34:00 PM by Ryan Young

The [U.S.] Senate [Wednesday] approved an extension of federal unemployment benefits to a maximum of 99 weeks. This move is likely to create unintended negative consequences which will have effects throughout the economy. The unintended result will be more unemployed Americans.

read more...
Jul21 7/21/2010 6:01:00 PM by Eric Reinhardt

M&T Bank Corp. announces second-quarter results, and Sunoco, Inc. breathes new life into a plant in Volney. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul21 7/21/2010 12:00:00 PM by Kevin Tampone

 

M&T Bank Corp. (NYSE: MTB) earned $189 million in the second quarter, up from $51 million a year earlier.

Earnings per share totaled $1.46, up from 36 cents a share in the second quarter of 2009. Analysts were expecting earnings of $1.01 per share, according to Reuters.

read more...
Jul21 7/21/2010 11:40:00 AM by Kevin Tampone

 

Tompkins Financial Corp. (AMEX: TMP) earned $9 million in the second quarter, up more than 21 percent from a year earlier.

Earnings per share totaled 83 cents in the period, up from 69 cents in the second quarter of 2009. Analysts were expecting earnings per share of 78 cents, according to Reuters.

read more...
Jul21 7/21/2010 11:02:00 AM by Kevin Tampone

 

Sunoco, Inc. has restarted the former Northeast Biofuels plant, and the company says ethanol production could be a big part of its future.
Sunoco bought the plant in a bankruptcy auction last year for $8.5 million. Northeast Biofuels, LP filed for bankruptcy protection in January 2009.

The plant, located at the former Miller brewery in Volney, can produce 100 million gallons of ethanol a year when operating at full capacity. That's enough to supply about one-quarter of Sunoco's ethanol needs.

read more...
Jul20 7/20/2010 5:49:00 PM by Eric Reinhardt

A Syracuse hotel has new owners and will soon have a new name, and a Mohawk Valley hospital has a new interim president and CEO. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul20 7/20/2010 2:41:00 PM by Eric Reinhardt

 

Consumers in the Syracuse, Utica-Rome, and Binghamton areas believe now is great time to buy a home, but a tough time to sell one.

The finding is part of the first quarterly survey of consumer real estate sentiment from the Siena (College) Research Institute (SRI) and the New York State Association of Realtors (NYSAR).

read more...
Jul20 7/20/2010 2:02:00 PM by Traci DeLore

 

Sister M. Johanna DeLelys retired as president and CEO of St. Elizabeth Medical Center on Friday after six years and the search is on for her replacement.
Robert Scholefield, chief operating officer, is serving as interim president and CEO. The St. Elizabeth Medical Center Board of Trustees is currently conducting a search for DeLelys' replacement.
read more...
Jul20 7/20/2010 11:15:00 AM by Eric Reinhardt

 

New owners announced today they closed their acquisition of the Renaissance Syracuse Hotel.

Richfield Hospitality, a Denver-based hotel-management company, and Shelbourne Falcon Investors now own the hotel in a joint venture.

read more...
Jul19 7/19/2010 5:59:00 PM by Eric Reinhardt

Five area companies win commercialization grants. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul19 7/19/2010 3:31:00 PM by Eric Reinhardt

 

National Grid and the New York State Energy Research and Development Authority (NYSERDA) today launched a program to help the utility's hospital customers reduce their energy costs.

National Grid and NYSERDA announced the $10 million program at the State University of New York (SUNY) Upstate Medical University.

read more...
Jul19 7/19/2010 12:53:00 PM by Kevin Tampone

 

Five area companies received more than $246,000 to help commercialize new green and clean technologies.
The grants are the latest round in the Commercialization Assistance Program, which provides funding for projects that commercialize new products and services in the fields of indoor environmental quality, water resources, and clean and renewable energy.
read more...
Jul19 7/19/2010 11:00:00 AM by Traci DeLore

Donna Petit, who lives in Rock Hill, S.C., uses the Vibrant Creative technology to watch her son R.J. play in some of his games in Cooperstown from her home.COOPERSTOWN — For a year, Donna Petit of Rock Hill, S.C. planned a family trip to Cooperstown All-Star Village where her son, R.J., would play in a baseball tournament. Those plans changed earlier this year when Petit was unexpectedly laid off from her job.

read more...
Jul19 7/19/2010 11:00:00 AM by Kevin Tampone

Scrap metal is processed at Upstate Shredding’s Owego facility. The company is in the process of acquiring a scrap yard in Jamestown.OWEGO — Upstate Shredding, LLC and its sister company Ben Weitsman & Son, Inc. will soon add to their growing collection of acquisitions with the addition of a scrap yard in Jamestown.
Earlier acquisitions included Matlow Company, Inc. near Syracuse as well as a business in Tioga County.

read more...
Jul19 7/19/2010 11:00:00 AM by Eric Reinhardt

Upstate New York consumers became less confident about economic conditions last month as they worried about jobs and reduced plans to buy big-ticket items.

read more...
Jul19 7/19/2010 11:00:00 AM by Traci DeLore

JOHNSON CITY — For the past two years, Meier Supply Company, Inc. was busy opening two new branches, but even as the company backed off on that type of expansion during the recession, the business was still busy promoting its employee stock-ownership plan (ESOP).

read more...
Jul19 7/19/2010 11:00:00 AM by Traci DeLore

Neil Golub, far left,  and Don Orlando, second from left, of Price Chopper, throw the first shovels full of dirt with local representatives at the groundbreaking for Chenango’s future Price Chopper location.CHENANGO — By next February, Chenango consumers will have a new grocery-store choice when a 60,000-square-foot Price Chopper opens at the intersection of Routes 12 and 12A.

read more...
Jul19 7/19/2010 11:00:00 AM by Kevin Tampone

A new private-equity fund will launch in the coming months to focus on growth investments and acquisitions of companies throughout upstate New York.

read more...
Jul19 7/19/2010 11:00:00 AM by Traci DeLore

BINGHAMTON — Southern Tier HealthLink (STHL) New York recently introduced its enhanced master patient-index service, which seeks to help local health-care organizations consolidate patient information and reduce duplicate patient medical records.

read more...
Jul19 7/19/2010 11:00:00 AM by Eric Reinhardt

Upstate New Yorkers could potentially avoid more than two million “adverse drug events” if all physicians started using e-prescribing systems.

read more...
Jul19 7/19/2010 11:00:00 AM by Journal Staff

Hospital’s photos show where the $70 million effort stands  BINGHAMTON — Lourdes Hospital has proceeded to phase two of its three-year, $70 million expansion and modernization project, dubbed “Mission 2012: Building Tomorrow’s Healthcare Today.”Hospital’s photos show where the $70 million effort stands

BINGHAMTON — Lourdes Hospital has proceeded to phase two of its three-year, $70 million expansion and modernization project, dubbed “Mission 2012: Building Tomorrow’s Healthcare Today.”

read more...
Jul19 7/19/2010 11:00:00 AM by

EDUCATION & TRAINING

Terrence Deak, associate professor of psychology and deputy to the president, has been appointed chief of staff by Binghamton University Interim President C. Peter Magrath.

read more...
Jul19 7/19/2010 11:00:00 AM by Eric Reinhardt

Visitors to last year’s Syracuse Nationals car show at the State Fairgrounds check out the vehicles on display. This year’s event is expected to attract more cars from more places.GEDDES — The organizer of one of Central New York’s biggest summertime attractions — the DuPont Syracuse Nationals — is expecting to attract a more geographically diverse crowd for the 11th edition of the popular car show.

read more...
Jul19 7/19/2010 11:00:00 AM by Kevin Tampone

OWEGO — Upstate Shredding, LLC and its sister company Ben Weitsman & Son, Inc. will soon add to their growing collection of acquisitions with the addition of a scrap yard in Jamestown.

read more...
Jul19 7/19/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — A DeWitt real-estate company and a Syracuse investment-brokerage firm have teamed up to buy a downtown Syracuse building. One of the firms will soon move into the structure, while its partner is satisfied with its current office location.

read more...
Jul19 7/19/2010 11:00:00 AM by Eric Reinhardt

Rick Wade, senior adviser and deputy chief of staff to U.S. Secretary of Commerce Gary Locke, left, is seated with U.S. Representative Daniel Maffei (D-DeWitt) at a roundtable discussion on exporting. The Central New York Technology Development Organization, at 445 Electronics Parkway in Salina, hosted the event on July 8.SALINA — Local business officials on July 8 discussed exporting during a meeting with Rick Wade, senior adviser and deputy chief of staff to U.S. Secretary of Commerce Gary Locke.

read more...
Jul19 7/19/2010 11:00:00 AM by Norman Poltenson

Be thankful we’re not getting all the government we’re paying for.  — Will Rogers

Back in March, USA Today published an article which stated that federal workers averaged $75,419 in annual salary. The article went on to note the substantial jump in the number of those earning six figures, excluding overtime and bonuses.

read more...
Jul19 7/19/2010 11:00:00 AM by Tom Morgan

That ought to be the slogan for this period in America. For, in case you’ve missed it, lots of folks are angry. Writer-historian Victor Davis Hanson recently listed what he thought angered us most. For me, one item rankled more than the others — law or what law?

read more...
Jul19 7/19/2010 11:00:00 AM by

ACCOUNTING

Firley, Moran, Freer & Eassa, P.C., Certified Public Accountants, has promoted Michelle C. Perry to supervisor in its audit and accounting department.

read more...
Jul19 7/19/2010 11:00:00 AM by Julie Doherty

SYRACUSE — On June 10, F.O.C.U.S. Greater Syracuse, a community-wide visioning program created with the goal of making Syracuse a better place to live, held its inaugural Wisdom Keeper Award and Auction event honoring Charlotte (Chuckie) Holstein, founder and executive director of F.O.C.U.S.

read more...
Jul19 7/19/2010 11:00:00 AM by Kevin Tampone

Ziwei Huang, Ph.D., director, Upstate Cancer Research Institute. The Upstate Cancer Research Institute is a major piece of a 10-year strategic plan for research that SUNY Upstate adopted in 2008.SYRACUSE — The State University of New York Upstate Medical University (SUNY Upstate) has launched an institute to support cancer research.

read more...
Jul19 7/19/2010 11:00:00 AM by Kevin Tampone

Rounding out services should boost growth

CORTLAND — Plan First Technologies, a Homer–based computer and network consulting firm, acquired Odyssey Networks in June in a deal Plan First’s president says offers opportunities for growth.

read more...
Jul19 7/19/2010 11:00:00 AM by Kevin Tampone

ITHACA — Mezmeriz, Inc., an Ithaca–based startup commercializing a new type of projector technology, is adapting its system for use in mobile devices.

read more...
Jul19 7/19/2010 11:00:00 AM by Kevin Tampone

Students in the North Syracuse Central School District work on a program broadcast using Symphony Video’s product, a video-sharing and publishing tool known as Ensemble Video.ONONDAGA — Since launching in 2007, Symphony Video, Inc. has been growing steadily, despite a tough fiscal environment in education, its chief market.

read more...
Jul19 7/19/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — The 2010 edition of the Syracuse Tech Garden’s student sandbox program is up and running and this year has expanded to 12 teams of student businesses.

read more...
Jul19 7/19/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — Brand-Yourself.com plans to roll out a version of its product for business users in the next two months.

read more...
Jul16 7/16/2010 5:28:00 PM by Eric Reinhardt

The U.S. Small Business Administration offers podcasts on exporting on its website, and Elmira Savings Bank posts a second-quarter profit. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse. 

read more...
Jul16 7/16/2010 2:20:00 PM by Kevin Tampone

 

New York State licensed more new business entities in the second quarter of 2010 compared with a year earlier, the Division of Corporations reported today.

The number of new business corporations licensed rose 1.6 percent from the second quarter of 2009 to more than 18,700 and the number of limited liability corporations licensed jumped nearly 10 percent to more than 14,500.

read more...
Jul16 7/16/2010 11:34:00 AM by Kevin Tampone

 

Elmira Savings Bank (NASDAQ: ESBK) earned more than $1.2 million in the second quarter, up 12 percent from a year earlier.

Earnings per share in the period totaled 44 cents, up from 38 cents in the second quarter of 2009.

read more...
Jul16 7/16/2010 11:32:00 AM by Eric Reinhardt

 

The U.S. Small Business Administration (SBA) is offering three podcasts on exporting with information on issues small businesses face when dealing with specific countries.

The agency announced the podcasts today. They feature interviews with business representatives from Uganda, Cameroon, and Bahrain and are part of the SBA's effort to support President Barack Obama's National Export Initiative (NEI).

read more...
Jul15 7/15/2010 5:54:00 PM by Eric Reinhardt

The New York State Department of Labor has released June unemployment figures, and Alliance Financial Corp. reports second-quarter earnings. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul15 7/15/2010 2:07:00 PM by Eric Reinhardt

 

New York lost jobs for a second consecutive month and the state's unemployment rate fell slightly in June to its lowest level since April 2009.

The unemployment rate declined from 8.3 percent in May to 8.2 percent in June, according to data released today by the state Labor Department. In addition, the state lost 8,500 private-sector jobs in June, the second straight monthly decline in the private-sector job count.

read more...
Jul15 7/15/2010 1:04:00 PM by Kevin Tampone

 

Alliance Financial Corp. (NASDAQ: ALNC), holding company for Alliance Bank, earned $3 million in the second quarter, up nearly 47 percent from a year earlier.

A more than 5 percent increase in net interest income and a more than 39 percent decrease in the company's provision for loan losses drove the rise in profit. Earnings per share for the period totaled 64 cents, up from 28 cents in the second quarter of 2009.

read more...
Jul15 7/15/2010 10:37:00 AM by Kevin Tampone

 

Lockheed Martin Corp. (NYSE: LMT) and Sikorsky Aircraft Corp. will team up to compete for the contract to replace the Air Force's fleet of combat search and rescue helicopters.

The companies plan to offer an advanced version of Sikorsky's UH-60M Black Hawk helicopter. Under the agreement between the two firms, Sikorsky would be the prime contractor with Lockheed the major subsystems supplier.

read more...
Jul14 7/14/2010 5:47:00 PM by Eric Reinhardt

Consumer confidence remains mixed in Central New York, and National Grid starts a recycling program for refrigerators. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul14 7/14/2010 2:12:00 PM by Eric Reinhardt

 

Consumer-confidence levels in the second quarter remained unchanged in the Syracuse region, were up in the Utica-Rome region, and fell in the Binghamton area.

That's according to the latest quarterly survey of nine metropolitan statistical areas in New York by the Siena (College) Research Institute (SRI). SRI released the new data today.

read more...
Jul14 7/14/2010 1:42:00 PM by Eric Reinhardt

 

The New York State Health Department has awarded the Designated AIDS Center at The State University of New York Upstate Medical University a five-year grant of more than $662,000.

The funding will help the center expand its capacity to provide care for hepatitis C and treatment for patients who are infected with both HIV and hepatitis C.

read more...
Jul14 7/14/2010 1:41:00 PM by Kevin Tampone

 

National Grid is starting a new recycling program for old refrigerators and freezers.

The utility is giving customers a $30 rebate if they call to schedule a pickup of second refrigerators or freezers. National Grid and its vendor, JACO Environmental, remove the appliances at no charge and then dismantle and recycle them.

read more...
Jul13 7/13/2010 5:48:00 PM by Eric Reinhardt

A Brazilian firm's takeover deadline approaches, and a new report says e-prescribing could save lives in upstate New York. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul13 7/13/2010 2:12:00 PM by Eric Reinhardt

 

Upstate New Yorkers could potentially avoid more than 2 million "adverse drug events" if all physicians started using e-prescribing systems, according to a new report from Excellus BlueCross BlueShield.

Excellus, Central New York's largest health insurer, released the report today. E-prescribing involves sending prescriptions to pharmacies electronically, instead of writing them out, telephoning, or faxing them.

read more...
Jul13 7/13/2010 1:29:00 PM by Traci DeLore

 

After a little more than two years on the job, United Way Executive Director Phillip Hayne resigned last week to pursue other opportunities.

Hayne has been in the position since January 2008. The United Way of the Valley and Greater Utica Area announced the move today.

read more...
Jul13 7/13/2010 12:26:00 PM by Traci DeLore

 

The Brazilian company hoping to acquire Hardinge, Inc. made a final push this morning for shareholders to tender their shares before a takeover bid expires Wednesday at 5 p.m.

Industrias Romi S.A. has a $10 per share offer on the table, hoping to capture two-thirds of the 11.61 million shares of Hardinge's outstanding stock. As of June 18, the last date Romi released a figure, about 5.5 million shares were tendered, representing just over 48 percent of outstanding shares.

read more...
Jul12 7/12/2010 6:00:00 PM by Eric Reinhardt

The top executive at Paychex, Inc. will resign at the end of the month, and a Southern Tier shredding business completes an acquisition. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul12 7/12/2010 3:50:00 PM by Traci DeLore

 

Three-quarters of respondents in a new hospitality industry survey said business over the July 4 holiday was as good as or better than in 2009.

"The state parks are open and families are traveling," New York State Hospitality & Tourism Association President Jan Marie Chesterton said in a news release. "It's encouraging to see people returning to the days of the family vacation."

read more...
Jul12 7/12/2010 3:31:00 PM by Kevin Tampone

 

Upstate Shredding, LLC has acquired Weinstein Scrap Metal Corp. of Jamestown.

The deal gives Upstate and its sister company, Ben Weitsman & Son, Inc., a second location in Owego, Upstate's headquarters. Upstate-Ben Weitsman also has scrap-metal facilities in Binghamton, Ithaca, and Syracuse.

read more...
Jul12 7/12/2010 11:54:00 AM by Eric Reinhardt

Jonathan Judge, CEO and president of Paychex, Inc., will step down at the end of this month, the payroll and human-resources services company announced today. An executive committee will take over until a replacement is found.

read more...
Jul12 7/12/2010 11:00:00 AM by Adam Rombel

For the second month in a row, the U.S. Bureau of Labor Statistics (BLS) issued sobering news on the jobs front with its June employment report.

read more...
Jul12 7/12/2010 11:00:00 AM by Traci DeLore

Ross Kraft, president, left, and Andrew Biernat, vice president, of the Meridian Group in their office at 502 Court St. in the Professional Offices at Mill Square in Utica.ROME — Sometimes it just makes sense to join forces with a bigger company when it results in offering more and better services to your customers.

read more...
Jul12 7/12/2010 11:00:00 AM by Traci DeLore

UTICA — Generally, when you give something or someone a vote of “no confidence,” you expect some kind of reaction.

read more...
Jul12 7/12/2010 11:00:00 AM by Traci DeLore

Quanterion’s DACS program manager Thomas McGibbon (standing) reviews a recently awarded contract with key staff members (seated, left to right) Aaron Riesbeck, James Burke, and Michael Weir.MARCY — A new $33.9 million contract with the U.S. Department of Defense (DoD) could mean a 50 percent jump in annual revenue and more than 10 new jobs at Quanterion Solutions, Inc.

read more...
Jul12 7/12/2010 11:00:00 AM by Traci DeLore

NEW HARTFORD — Utica National Insurance Group completed its purchase of Founders Insurance Company of DesPlains, Ill. July 1 with all the necessary regulatory approvals in place.

read more...
Jul12 7/12/2010 11:00:00 AM by Eric Reinhardt

Paychex, Inc. (NASDAQ: PAYX) has placed its small-business human-resources (HR) services under a single program providing two different options.

read more...
Jul12 7/12/2010 11:00:00 AM by

ADVERTISING & MARKETING

Alen Smajic, who began work at Paige Marketing Communications Group three years ago as a graphic designer, has been promoted to the newly created position of director of media and technology.

read more...
Jul12 7/12/2010 11:00:00 AM by Kevin Tampone

From left to right: Issac Rothwell, neighborhood resident and entrepreneur, and Michael Short, NWSI deputy director and engagement fellow at Syracuse University at the Inaugeral NWS Business Association meeting hosted by Marc Stress of stressdesign at the Rockwest Center Tuesday evening.SYRACUSE — The Near Westside Initiative is launching several new entrepreneurship programs aimed at sparking more business development in the city’s Near Westside neighborhood.

read more...
Jul12 7/12/2010 11:00:00 AM by Erc Reinhardt

Upstate New York consumers became less confident about economic conditions last month as they worried about jobs and reduced plans to buy big-ticket items.

read more...
Jul12 7/12/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — A new private-equity fund will launch in the coming months to focus on growth investments and acquisitions of companies throughout upstate New York.

read more...
Jul12 7/12/2010 11:00:00 AM by Kevin Tampone

Professor Jensen Zhang in one of Syracuse University’s labs. Zhang is leading the virtual design studio project.SYRACUSE — A grant from the U.S. Department of Energy will help researchers at Syracuse University (SU) develop software that could solve some challenges in designing energy-efficient buildings.

read more...
Jul12 7/12/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — U.S. Rep. Daniel Maffei (D–DeWitt) and U.S. Senator Kirsten Gillibrand (D–N.Y.) on July 6 announced a bill that would put the U.S. Environmental Protection Agency (EPA) in charge of the cleanup of Onondaga Lake.

read more...
Jul12 7/12/2010 11:00:00 AM by Eric Reinhardt

But do realtors see the gains lasting?

New York realtors sold more than 6,500 existing single-family homes in May, up nearly 5 percent from the sales total in April.

read more...
Jul12 7/12/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — AXA Financial, Inc.’s new retirement-plan administration subsidiary builds on some of the company’s existing experience in the sector.

read more...
Jul12 7/12/2010 11:00:00 AM by Gordon Robbie

Within the next 15 years, as baby boomers retire, trillions of dollars in business ownership will be at stake, and these owners will need a planned, controlled exit from their businesses to fund their retirement. Without proper planning and execution of a succession plan, there’s trouble ahead.

read more...
Jul12 7/12/2010 11:00:00 AM by Reid Goldsborough

No doubt all of us have less-than fond memories of instances in which we’ve seen someone stronger who unfairly and cruelly intimidated, ridiculed, or otherwise took advantage of someone weaker. Perhaps you were once a victim of bullying, or even a perpetrator.

read more...
Jul12 7/12/2010 11:00:00 AM by Brian M. Kolb

“Have you had enough yet?” That is the simple, straight-forward question I want to ask all New York taxpayers who are concerned about the troubling direction of our state and are ready for real change.

read more...
Jul12 7/12/2010 11:00:00 AM by Erin Zehr

ACCOUNTING

Firley, Moran, Freer & Eassa, P.C., CPAs has hired Michael A. O’Shea as a senior manager in the tax department. He has two years experience in the private sector and 20 years experience in public accounting. He is a CPA and a graduate of SUNY Oswego.

read more...
Jul10 7/10/2010 3:51:00 PM by Kevin Tampone

 

Paul Brooks, vice president for entrepreneurship programs at the Syracuse Tech Garden, will leave the facility's staff July 14.

Brooks announced his departure in an email Friday. He joined the Tech Garden as executive director in July 2006.
read more...
Jul9 7/9/2010 4:54:00 PM by Eric Reinhardt

The Carrier Corp. is investing in its DeWitt facility, and the CEO of a New Hartford firm plans to retire. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul9 7/9/2010 1:08:00 PM by Eric Reinhardt

 

Carrier Corp. today announced plans to invest $30 million in its DeWitt site, which now serves as the company's largest research and development center.
At the same time, the firm said it will relocate the chiller-testing laboratory at the site to a location in Charlotte, N.C. to "better support customers." The move will affect six Carrier employees.
The newly announced investment in DeWitt is an expansion of a $5 million redevelopment plan announced in November 2007. It included the elimination of 450,000 square feet of excess space on Route 298, which "is expected to be completed shortly," Carrier said in a statement.
read more...
Jul9 7/9/2010 11:55:00 AM by Eric Reinhardt

 

Physicians in Central New York are facing an average increase of 5 percent in premiums for their medical liability coverage, the Onondaga County Medical Society said Thursday.

The premiums on coverage for specialties, such as neurosurgery and general surgery, will be higher, Dr. Robert Dracker, medical society president, said in a news release.

read more...
Jul9 7/9/2010 6:00:00 AM by Traci DeLore

 

PAR Technology Corp. (NYSE: PTC) CEO John Sammon announced Thursday that he will retire at the end of this year.

In a letter Sammon released, he said this is a good time to retire since the company is well-positioned for growth thanks to recent efforts to boost profits. PAR produces hardware and software for the restaurant and hospitality industries.

read more...
Jul9 7/9/2010 6:00:00 AM by Eric Reinhardt

 

U.S. Rep. Daniel Maffei (D-DeWitt) on Thursday announced a federal grant of $8.5 million that will help pay for construction of a new Centro bus transfer station in downtown Syracuse.

The funding is part of $300 million in grants for bus and trolley projects that the U.S. Department of Transportation announced Thursday.

read more...
Jul8 7/8/2010 5:45:00 PM by Eric Reinhardt

An official from the U.S. Commerce Department hosts a discussion on exporting, and Syracuse University inks a new contract with one of its unions.  Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul8 7/8/2010 2:42:00 PM by Eric Reinhardt

 

Local business officials today discussed exporting during a meeting with Rick Wade, senior advisor and deputy chief of staff to U.S. Secretary of Commerce Gary Locke.

The Central New York Technology Development Organization at 445 Electronics Parkway in Salina hosted the roundtable discussion. About 25 people attended the event.

read more...
Jul8 7/8/2010 12:57:00 PM by Eric Reinhardt

 

Gov. David Paterson on Wednesday announced the creation of a $50 million Small Business Revolving Loan Fund.

The fund is meant to provide capital for minority and women-owned enterprises and other entrepreneurs having difficulty accessing regular credit markets, the governor's office said in a news release.

read more...
Jul8 7/8/2010 12:56:00 PM by Kevin Tampone

 

Members of the Service Employees International Union on Wednesday approved a new three-year contract between their union and Syracuse University (SU).

SEIU Local 200United is the largest union at the university, representing more than 800 workers. The negotiation process began in early May.

read more...
Jul7 7/7/2010 6:00:00 PM by Eric Reinhardt

CBD Cos., LLC and Cadaret, Grant & Co., Inc. have closed on their purchase of a building in downtown Syracuse. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul7 7/7/2010 3:01:00 PM by Eric Reinhardt

 

Consumer confidence among upstate New Yorkers fell two points in May to 58, according to the latest monthly survey from the Siena (College) Research Institute (SRI).

Upstate's confidence level of 58 is 5.4 points below the state's overall confidence level of 63.4, which is down nearly five points from May and at its lowest level since April 2009, according to SRI. The institute released its latest data today.

read more...
Jul7 7/7/2010 2:39:00 PM by Eric Reinhardt

 

A DeWitt real-estate company and a Syracuse financial-brokerage firm have teamed up to buy a downtown Syracuse building.

CBD Cos., LLC and Cadaret, Grant & Co., Inc. have formed a joint venture to purchase the HSBC Tower at 360 S. Warren St. in downtown Syracuse. Financial terms were not disclosed.

read more...
Jul7 7/7/2010 12:04:00 PM by Kevin Tampone

 

Time Warner Cable (NYSE: TWC) will launch its mobile Road Runner Internet service in Syracuse and Rochester on Aug. 1.

Road Runner Mobile and Business Class Mobile will give users access to a fourth-generation (4G) wireless network covering more than 780 square miles in both markets. Time Warner Cable will also give customers the option of choosing a mobile hotspot option that will allow a variety of mobile devices to connect to the company's 4G and third-generation networks.

read more...
Jul6 7/6/2010 5:50:00 PM by Eric Reinhardt

A petroleum company and an insurance firm complete acquisitions. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul6 7/6/2010 3:29:00 PM by Eric Reinhardt

 

U.S. Rep. Daniel Maffei (D-DeWitt) today announced a proposal that would put the U.S. Environmental Protection Agency (EPA) in charge of the cleanup of Onondaga Lake.
U.S. Sen. Kirsten Gillibrand (D-N.Y.) is introducing a similar bill in her chamber.

The lawmakers outlined their proposal, which would officially be known as the Onondaga Lake Restoration Act, during a press conference at Syracuse's Inner Harbor.

read more...
Jul6 7/6/2010 1:52:00 PM by Kevin Tampone

 

DeWitt-based S&W Services has acquired the assets of Okar Equipment Co. of Rochester.

The deal will add 10 employees to S&W and increase its market in Western New York, according to the company. S&W, founded 15 years ago, specializes in petroleum equipment, service, and construction.

read more...
Jul6 7/6/2010 11:00:00 AM by Traci DeLore

Stantec, a Canada–based engineering-design firm with an Endicott office, is relocating the office to a new building located at 111 Grant Ave.ENDICOTT — Engineering-design firm Stantec is moving its local office to a smaller location to boost efficiency while also providing room for new growth.

read more...
Jul6 7/6/2010 11:00:00 AM by Traci DeLore

ENDICOTT — Joining Endicott Interconnect Technologies, Inc. (EI) does more than just bring Joseph Zachman back to the Southern Tier where he grew up; it also brings him back to the electronics industry that he dearly missed.

read more...
Jul6 7/6/2010 11:00:00 AM by Kevin Tampone

Upstate Venture Connect (UVC), a nonprofit aiming to encourage the development and growth of more small, innovative companies in upstate New York, has new partnerships with Cornell University and Syracuse University (SU).

read more...
Jul6 7/6/2010 11:00:00 AM by Kevin Tampone

DeltaPoint Capital Management, LLC,  a Rochester–based firm focused on upstate New York investments, added six new operating directors to help manage portfolio companies in its fourth private-equity fund.

read more...
Jul6 7/6/2010 11:00:00 AM by Kevin Tampone

The board of directors of Empire State Development Corp. (ESD) approved funding for several upstate New York projects at a meeting June 24.

read more...
Jul6 7/6/2010 11:00:00 AM by Journal Staff

VESTAL — Interest in green innovation means not just thinking big, but also very, very, very small. At least that’s the way Omowunmi Sadik, director of Binghamton University’s Center for Advanced Sensors and Environmental Systems, sees it. She’s working to develop sensors that would detect and identify engineered nanoparticles. Her research will advance the understanding of the risks associated with the environmental release and transformation of these particles, according to a news release from Binghamton University.

read more...
Jul6 7/6/2010 11:00:00 AM by Traci DeLore

A golfer swings at a ball on the driving range at Legends Golf Center in Union. Right now, Legends Golf Center draws an average of 18 to 20 people a day.UNION — Longtime golf buddies Jeffrey L’Amoreaux, Martin Klein, and Randy White enjoy going out and playing a few rounds together. They never planned on running a business together, but jumped at the chance when the opportunity presented itself earlier this year.

read more...
Jul6 7/6/2010 11:00:00 AM by

EDUCATION & TRAINING

The Binghamton University Alumni Association has appointed three new members to its board of directors.

read more...
Jul6 7/6/2010 11:00:00 AM by Kevin Tampone

A Zerodraft employee performs tests at a client’s home. The company has brought its heating and air-conditioning business in-house and has added more employees as a result.SALINA — Zerodraft of CNY, Inc. has brought its heating and air-conditioning business in-house and has added more employees as a result.

read more...
Jul6 7/6/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — A favorable contract between a local union and National Grid helped Syracuse land a facility that will create more than 250 jobs in downtown Syracuse in the next two to three years.

read more...
Jul6 7/6/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — SUNY Upstate Medical University officials have been in discussions with their counterparts at Community General Hospital for a month about a possible acquisition of the hospital on Onondaga Hill or some other arrangement.

read more...
Jul6 7/6/2010 11:00:00 AM by Eric Reinhardt

SALINA — U.S. Rep. Daniel Maffei (D–DeWitt) on June 28 announced $900,000 in federal funding to help connect prominent Syracuse–area health-care providers to an electronic health-information exchange.

read more...
Jul6 7/6/2010 11:00:00 AM by John R. Graham

If you’re in sales, you know the feeling. It’s the middle of the night about two weeks after starting a new job. You were enthusiastic and could hardly wait to get going. Now, your head is full of doubts. You try to shove them aside, but they don’t go away. “Everything is new,” you tell yourself. “I just need to give it a little more time.” But the doubts keep coming back.

read more...
Jul6 7/6/2010 11:00:00 AM by Eric Reinhardt

Heidi Grosser, foreground at right, and Gregory Tiemann, background at left, are pictured grooming dogs at Cameo Grooming & Dog Day Care at 7145 Henry Clay Blvd. in Liverpool. Grosser and Tiemann, who are engaged, co-own the business.CLAY — After serving several years in different branches of the military, Gregory (Greg) Tiemann and Heidi Grosser are planning to marry and are operating a business together.
Each has been a long-time pet owner, and their company aims to help other pet owners.

read more...
Jul6 7/6/2010 11:00:00 AM by Eric Reinhardt

SCHROEPPEL — The Baldwin Law Office, which attorney Gloria Flores Baldwin operates from her Clay home, has opened a new location in the town of Schroeppel in Oswego County.
The office’s client list is growing and she wanted a larger office where she could meet with clients, Baldwin says.

read more...
Jul6 7/6/2010 11:00:00 AM by Eric Reinhardt

Donald (Don) Retz, left, and Daniel (Dan) Canter, right, in their new office at 8051 Cazenovia Road in Manlius. Each man had been operating separate, one-person firms before launching their combined business, retzcanter, in August 2009.MANLIUS — Less than a year after launching, retzcanter, a local advertising and design firm, has opened a new office in Manlius.

Retzcanter is the result of a partnership between the former dcanter creative of DeWitt and retzdesign of Fayetteville.

read more...
Jul6 7/6/2010 11:00:00 AM by Eric Reinhardt

Visitors prepare to enter Seven Rays Bookstore in Armory Square. Seven Rays is a metaphysical book and gift store, located at 222 Walton St. in Syracuse. SYRACUSE — Betsy Rengert is no stranger to Mill Pond Landing, a building in Armory Square near Onondaga Creek that stretches from West Fayette Street to Walton Street.

read more...
Jul6 7/6/2010 11:00:00 AM by David John Marotta

Many people who use tax-computation software don’t understand the changing structure of the U.S. tax code. They fill in the blanks, click “compute,” and pay the tax. Then they forget about the torture until next year.

read more...
Jul6 7/6/2010 11:00:00 AM by Journal Staff

Six characteristics typify small business owners who projected revenue increases and business expansion even as the recession peaked. That’s according to a new research report from The Guardian Life Small Business Research Institute.

read more...
Jul6 7/6/2010 11:00:00 AM by Gail Kinsella

Summer is here — the books are closed, and the balance sheet looks clean. By definition, a balance sheet “balances,” meaning that assets equal liabilities plus equity. The balance sheet provides a snapshot in time of your enterprise’s worth — and potentially so much more.

read more...
Jul6 7/6/2010 11:00:00 AM by Norman Poltenson

Every morning in Africa, a gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed … When the sun comes up, you’d better be running. — African saying

In the late 1980s, David Birch, the president of the research firm Cognetics, Inc. in Cambridge, Mass., visited Syracuse to talk about gazelles.

read more...
Jul6 7/6/2010 11:00:00 AM by

ADVERTISING AGENCIES

Tom Frost and Katie Krebs have been hired as junior designers at retzcanter, a full-service advertising and design firm. Both Frost and

read more...
Jul6 7/6/2010 11:00:00 AM by Julie Doherty

SYRACUSE — This year marked the 30th anniversary of the Syracuse Salvation Army’s Booth House, a shelter and counseling service for runaway and homeless youth, ages 12-17. Booth House provides emergency housing, counseling, and crisis services for youth and their families in residential and non-residential settings, says Linda M. Wright, executive director for professional and community services.

read more...
Jul6 7/6/2010 10:57:00 AM by Traci DeLore

 

Brown & Brown of New York, Inc. has acquired the assets of Utica-based Meridian Group of New York, Inc., according to a joint release from both companies.

Meridian Group, with annual revenue of approximately $1.3 million, provides life, health, and other employee-benefits products and services to individuals, businesses, public entities, nonprofit organizations, unions, and associations. Ross Kraft, Meridian president, and Andrew Biernat, vice president, and their staff will combine their operations into Brown & Brown's Rome office under the leadership of David Carello.

read more...
Jul2 7/2/2010 5:05:00 PM by Eric Reinhardt

The U.S. Small Business Administration sees growth in its Patriot Express loan program, and the state applies for federal help for the uninsured. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul2 7/2/2010 3:38:00 PM by Adam Rombel

For the second time in a month, the U.S. Bureau of Labor Statistics (BLS) today issued more sobering news on the jobs front.

The BLS reported that the national unemployment rate fell to 9.5 percent in June, from 9.7 percent in May. Good news, right? Normally, that would be considered improvement. The problem is the size of the national labor force plunged by 652,000 people last month, according to the BLS survey.

read more...
Jul2 7/2/2010 1:55:00 PM by Eric Reinhardt

 

Three years into the program, the U.S. Small Business Administration has supported nearly $500 million in Patriot Express loans to more than 6,000 veterans and their spouses.

In that time period, the SBA district office in Syracuse backed 86 loans totaling nearly $6.7 million, according to the office, which covers a 34-county area of upstate New York.

read more...
Jul2 7/2/2010 1:52:00 PM by Eric Reinhardt

 

Gov. David Paterson on Thursday announced the state has applied for federal funding to provide health-insurance coverage to eligible individuals who are uninsured and have pre-existing health conditions.

Paterson expects New York will receive nearly $300 million of the $5 billion available in the federal health-care reform legislation over the next three years.

read more...
Jul2 7/2/2010 1:50:00 PM by Kevin Tampone

 

A company based on work done at Syracuse University (SU) helped the school win an award for technology innovation.

SU is one of 11 winners of the sixth annual Campus Technology magazine Campus Technology Innovators Award. The awards recognize colleges and universities for excellence in using technology.

read more...
Jul1 7/1/2010 5:41:00 PM by Eric Reinhardt

The Syracuse area adds construction jobs in the last 13 months, and Syracuse-area computer users now have a new network for wireless-Internet service. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jul1 7/1/2010 2:31:00 PM by Kevin Tampone

 

Clearwire Corp. (NASDAQ: CLWR) launched its fourth-generation (4G) wireless Internet service today in Syracuse.

The network covers about 230 square miles and more than 265,000 people in the Syracuse area. The service extends from Brewerton south to Nedrow, Auburn, and Cortland, west to Village Green, and east to Fayetteville and Manlius.

read more...
Jul1 7/1/2010 2:30:00 PM by Eric Reinhardt

 

The Syracuse area added 300 construction jobs between May 2009 and May 2010, making it one of only 16 metropolitan areas nationwide that added construction jobs during the period.

The Utica-Rome and Binghamton areas both lost 100 construction jobs during the 12-month period.

read more...
Jul1 7/1/2010 2:28:00 PM by Traci DeLore

 

The late state budget and proposed budget cuts are wreaking havoc on community colleges across the state, and Broome Community College is no exception.

With expected enrollment growth of anywhere from 5 percent to 10 percent for this coming fall, BCC President Kevin Drumm says the school is stuck without resources to fill vacant positions or expand services because of the late budget.

read more...
Jun30 6/30/2010 5:47:00 PM by Eric Reinhardt

Wireless Grids announces a partnerships with a local biomass-energy company, and Mohawk Valley Community College wins a grant from the U.S. Department 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.

read more...
Jun30 6/30/2010 3:43:00 PM by Kevin Tampone

 

Gregory Galvin, founder, president, and CEO of Ithaca-based Kionix, Inc., is one of the 2010 winners of the Ernst & Young Entrepreneur Of The Year awards for Upstate New York, Western Pennsylvania and West Virginia.
Galvin and five other winners were revealed at an event June 18 in Pittsburgh. They were chosen from a pool of 18 finalists.
read more...
Jun30 6/30/2010 1:24:00 PM by Traci DeLore

 

Mohawk Valley Community College received a $2.8 million grant from the U.S. Department of Labor to help prepare workers for careers in cyber security.

Part of the fifth and final round of Community-Based Job Training Grant awards, the money is part of $125 million awarded to 41 community colleges and organizations.

read more...
Jun30 6/30/2010 1:13:00 PM by Traci DeLore

 

The visitors and tourists that spend $951 million a year in Oneida County now have a new way to plan their next trip.

Trainor Associates of New Hartford designed a new website to help visitors plan trips to the region. It targets regional, national, and international visitors and tourists with an interest in Oneida County.

read more...
Jun30 6/30/2010 12:45:00 PM by Kevin Tampone

 

Wireless Grids Corp. and Summerhill Biomass Systems announced a partnership today involving smart-grid technology.

Wireless Grids will deploy its software product for automated control of Summerhill's biomass energy systems at several locations in New York. The product will allow Summerhill's systems to be managed and share information through mobile devices.

read more...
Jun30 6/30/2010 6:00:00 AM by Eric Reinhardt

SYRACUSE - The State University of New York (SUNY) Board of Trustees announced Tuesday that Upstate Medical University is considering acquiring Community General Hospital. And the SUNY Board says it supports the move if current analysis shows it would benefit the institution.

read more...
Jun29 6/29/2010 5:54:00 PM by Eric Reinhardt

SUNY Upstate Medical University is in talks to possibly acquire Community General Hospital, and a Cortland County firm acquires a neighboring Internet-service provider. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

 

read more...
Jun29 6/29/2010 3:31:00 PM by Kevin Tampone

 

Plan First Technologies of Homer, a computer and network consulting firm, has acquired Odyssey Networks of Cortland.

Odyssey has been providing Internet service and web hosting in the Cortland area since 1995. Plan First launched in 2006 and provides computer and network services for business clients throughout Central New York.

read more...
Jun29 6/29/2010 3:23:00 PM by Eric Reinhardt

 

Binghamton University's Decker School of Nursing and the school's Office of Continuing Education and Outreach have created an online forensic health certificate program, the school announced Monday.

The program is aimed at providing training for health-care professionals on how to serve as liaisons between law and medical science, the school said in a news release.

read more...
Jun29 6/29/2010 12:51:00 PM by Kevin Tampone

 

Women business owners in a new survey released today were increasingly optimistic about the overall economy's prospects.

The Key4Women Confidence Index launched in April 2009 and since then has shown a steady increase in optimism, with about 60 percent of women business owners surveyed now saying they believe business conditions will improve in the next six months. That compares to 48 percent who expected improvement a year earlier.

read more...
Jun28 6/28/2010 5:43:00 PM by Eric Reinhardt

Federal grant money will help build a local health-information exchange, and Empire State Development approves funding for local projects. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jun28 6/28/2010 2:43:00 PM by Eric Reinhardt

 

U.S. Rep. Daniel Maffei (D-DeWitt) today announced $900,000 in federal funding to help connect prominent Syracuse-area health-care providers to an electronic health-information exchange.

The funding will help launch "HealtheConnections," Central New York's regional health-information organization (RHIO), which is a policy-making body for the electronic information exchange.

read more...
Jun28 6/28/2010 1:20:00 PM by Traci DeLore

 

Birnie Bus, Inc. plans to add 100 new employees at its Rome facility, according to a Friday news release from Assemblywoman RoAnn Destito (D-Rome).

Birnie officials did not immediately respond to media inquiries. The company is headquartered in Rome.

read more...
Jun28 6/28/2010 1:13:00 PM by Kevin Tampone

 

The board of directors of Empire State Development Corp. (ESD) approved funding for several area projects at a meeting June 24.

The board approved a total of $30 million in funding, which it said will help retain more than 500 existing jobs and create 29 new ones throughout New York. ESD noted in a news release that all funding is contingent upon final passage of the state budget.

read more...
Jun28 6/28/2010 11:00:00 AM by Traci DeLore

Marc Brockett, owner of Euphoria Smoothies, serves a freshly made smoothie and pretzel.  Euphoria Smoothies, which offers a variety of smoothies, recently moved to a new location in the New Hartford Shopping Center.NEW HARTFORD — People shopping on a hot summer day in the New Hartford Shopping Center have a new choice for refreshing treats now that Euphoria Smoothies has moved from the Orchard Shopping Center.

read more...
Jun28 6/28/2010 11:00:00 AM by Traci DeLore

HERKIMER — When Kevin Crosley arrived here more than four years ago, he set an ambitious goal for the Herkimer Area Resource Center (HARC).

read more...
Jun28 6/28/2010 11:00:00 AM by Traci DeLore

NEW HARTFORD — Visions Hotels, LLC, which operates the Hampton Inn of North Utica, is the new owner of the Ramada in New Hartford.

read more...
Jun28 6/28/2010 11:00:00 AM by Eric Reinhardt

Consumer confidence in upstate New York declined nearly 3 points in May to 60, according to the latest monthly survey from the Siena (College) Research Institute (SRI).

read more...
Jun28 6/28/2010 11:00:00 AM by Journal Staff

UTICA — The Rescue Mission of Utica, Inc. grossed nearly $80,000 from the sale of the historic Swancott Home and its fixtures at an auction May 22.

read more...
Jun28 6/28/2010 11:00:00 AM by Traci DeLore

Four area colleges have teamed up to create the Central New York Recruiting Consortium (CNYRC), a project designed to connect area employers with job seekers from those colleges.

read more...
Jun28 6/28/2010 11:00:00 AM by Traci DeLore

The Manufacturers Association of Central New York (MACNY) wants to help businesses across the region tap into the $100 million in rebates available through the New York State Energy Research and Development Authority (NYSERDA) for energy-efficiency improvements.

read more...
Jun28 6/28/2010 11:00:00 AM by

ADVERTISING & MARKETING

Paige Marketing Communications Group has promoted Carrie McMurray to the position of account planning director.

read more...
Jun28 6/28/2010 11:00:00 AM by Eric Reinhardt

Principal engineers Kevin Russell and James Rhea are pictured in the lobby of Anchor QEA, LLC in the Thruway Office Building at 290 Elwood Davis Road in Salina. The company recently moved into a larger space in the facility.SALINA — Anchor QEA, LLC, an environmental and engineering-consulting firm, has expanded into new space at the Thruway Office Building as the company focuses on projects associated with the cleanup of Onondaga Lake.

read more...
Jun28 6/28/2010 11:00:00 AM by Kevin Tampone

NEW HARTFORD — GreenView Energy Management Systems, a one-year-old startup that analyzes energy use in buildings, is hoping in the coming years to build a portfolio of hundreds of structures to monitor.

read more...
Jun28 6/28/2010 11:00:00 AM by Traci DeLore

Some of the rental cars available at Binghamton University. This past February, the university joined forces with Hertz to launch Connect by Hertz on campus, which makes rental cars available to registered members.BINGHAMTON — Between two different vehicle programs, Binghamton University is trying to make it easier to find a ride and a place to park on campus while reducing the college’s carbon footprint.

read more...
Jun28 6/28/2010 11:00:00 AM by Kevin Tampone

CORTLAND — Intertek, which employs 400 people in Cortland, is adding new capabilities at its local facility after winning renewable-energy grants at the state and federal level.

read more...
Jun28 6/28/2010 11:00:00 AM by Traci DeLore

MIDDLEVILLE — At the Herkimer Diamonds KOA, campers can experience almost all the amenities of a luxury hotel while generating the same environmental impact as a tent. That’s because the campground recently opened KOA Solar 1, a 100 percent off-the-grid lodging option. The lodge, which opened in May, not only pampers guests, but also educates them on the importance of reducing their impact on the environment.MIDDLEVILLE — At the Herkimer Diamonds KOA, campers can experience almost all the amenities of a luxury hotel while generating the same environmental impact as a tent.
That’s because the campground recently opened KOA Solar 1, a 100 percent off-the-grid lodging option. The lodge, which opened in May, not only pampers guests, but also educates them on the importance of reducing their impact on the environment.

read more...
Jun28 6/28/2010 11:00:00 AM by Kevin Tampone

ITHACA — The CEO of e2e Materials says his growing company is establishing a new prototyping facility in Ithaca.

read more...
Jun28 6/28/2010 11:00:00 AM by Traci DeLore

The Horned Dorset Inn, located in Leonardsville. This year, the owners have developed a new menu designed around locally fresh and agriculturally sustainable ingredients.LEONARDSVILLE — When you’re dining out, do you ever stop and think about where that baked potato or steak came from?

read more...
Jun28 6/28/2010 11:00:00 AM by Eric Reinhardt

SKANEATELES — Nestled along a rural road in Skaneateles, Nature’s Chemistry, LLC is dealing with a growth spurt.  Nature’s Chemistry, which launched at 4022 Mill Road in Skaneateles nearly three years ago, produces dietary supplements; organic, gluten-free foods; herbal extract; and health products. SKANEATELES — Nestled along a rural road in Skaneateles, Nature’s Chemistry, LLC is dealing with a growth spurt.

Nature’s Chemistry, which launched at 4022 Mill Road in Skaneateles nearly three years ago, produces dietary supplements; organic, gluten-free foods; herbal extract; and health products.

read more...
Jun28 6/28/2010 11:00:00 AM by Eric Reinhardt

Rich Russell, manager of Voss Signs, LLC’s first retail store in Liverpool, is pictured at the counter inside the store. The store opened for business June 16, and Voss wants to open additional retail locations in the future.More locations may be on the way in the future 

LIVERPOOL — Voss Signs, LLC, a Manlius–based sign manufacturer, has opened its first retail location at 310 Oswego St. in the village of Liverpool.

The retail store opened for business in its 3,000-square-foot space on June 16. It sells custom signs, stock signs, sidewalk signs, vehicle wraps, magnetic signs, and banners.

read more...
Jun28 6/28/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — Upstate Venture Connect (UVC), a nonprofit aiming to encourage the development and growth of more small, innovative companies in upstate New York, has a new partnership with Syracuse University (SU).

read more...
Jun28 6/28/2010 11:00:00 AM by Kevin Tampone

JAMESVILLE — Lodestone Banking Consultancy, Inc. is adding new people to its staff with an eye toward growing its business in New York and elsewhere.

read more...
Jun28 6/28/2010 11:00:00 AM by Eric Reinhardt

CAMILLUS — The man who operates the Mustard Seed Natural Food Market in Oswego has opened a second store under a different name.

read more...
Jun28 6/28/2010 11:00:00 AM by Thomas Walsh

All good businesses are personal. The best businesses are very personal. — Mark Cuban, owner, Dallas Mavericks NBA franchise

My column [in the May 21 issue of The Central New York Business Journal] on the darker sides of managing a family business generated a lot of response. Numerous owners of family businesses gave me feedback about the accuracy of my experiences. Given that 80 percent to 90 percent of businesses in the United States are family-owned, I’m not surprised that many of you are interested in the challenges and opportunities these companies offer. So it seems only fair to focus this month on the many positives of managing and working for a family business. Here are just a few.

read more...
Jun28 6/28/2010 11:00:00 AM by Harold Miller

In the dark days of World War II, when it seemed inevitable that Germany and Japan would prevail and the world would be ruled by incredibly evil regimes — two leaders of men and country stood against world devastation.

read more...
Jun28 6/28/2010 11:00:00 AM by The Business Council

“The economic development program agreed to by the Governor and legislature will limit New York’s ability to compete in the race to create and retain jobs as the nation moves out of the recession,” said Ken Pokalsky, senior director of government affairs for The Business Council of New York State, Inc.

read more...
Jun28 6/28/2010 11:00:00 AM by

ACCOUNTING

The Syracuse Chapter of the New York State Society of Certified Public Accountants has elected and installed the following officers for the 2010-2011 fiscal year: John B. Dubiel, Grimaldi & Nelkin CPAs, PLLC, president; Anthony Abboud, Firley, Moran, Freer & Eassa, P.C., president-elect; Eric T. Campbell, Fust Charles Chambers LLP, vice president; Diana Kanfer, Testone Marshall Discenza CPAs, treasurer; and Steven A. Stanek, Grimaldi & Nelkin CPAs, PLLC.

read more...
Jun28 6/28/2010 11:00:00 AM by Maria Carbonaro

Relph Benefit Advisors employees at an awards ceremony. The company offers medical, dental, vision, life, and disability insurance, along with voluntary employee-paid plans, and population health-improvement resources, tools, and guidance.WATERTOWN — The $10 million Rochester–area company today known as Relph Benefit Advisors got its start more than 45 years ago as Robert G. Relph Agency Inc. in the rural North Country.

read more...
Jun25 6/25/2010 6:00:00 PM by Eric Reinhardt

Sales of existing, single-family homes in Onondaga County remained steady in May, and the federal government is helping a project at Syracuse University. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jun25 6/25/2010 11:45:00 AM by Kevin Tampone

 

The U.S. Department of Energy awarded more than $560,000 to a project led by Syracuse University (SU) aimed at helping building designers create more energy-efficient structures.

The money will help establish a virtual design studio that will allow designers to evaluate architectural and mechanical measures to increase energy savings in commercial and residential buildings. The project is led by Jensen Zhang of SU's L.C. Smith College of Engineering and Computer Science and Michael Pelken of SU's School of Architecture.

read more...
Jun25 6/25/2010 11:28:00 AM by Eric Reinhardt

 

New York realtors sold more than 6,500 existing single-family homes in May, up nearly 5 percent from the sales total in April.

The figure is also up about 13 percent from the 5,800 homes sold during the same period in 2009. The New York State Association of Realtors (NYSAR) released its latest sales data today.

read more...
Jun25 6/25/2010 9:36:00 AM by Kevin Tampone

 

DeltaPoint Capital Management, a Rochester-based firm focused on upstate New York investments, added six new operating directors to help manage portfolio companies in its fourth private-equity fund.

The directors, all seasoned professionals who have been successful throughout their careers, will commit 20 percent to 25 percent of their time to work with DeltaPoint, says Christopher Brodhead, DeltaPoint vice president for business development. They will act as mentors to portfolio companies, serve on boards, and help DeltaPoint find potential deals.

read more...
Jun24 6/24/2010 5:47:00 PM by Eric Reinhardt

Paychex says its profit was up for the quarter, but down for the year, and the Near Westside Initiative wants to generate business development in that neighborhood. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jun24 6/24/2010 3:06:00 PM by Kevin Tampone

 

The Near Westside Initiative is launching four new programs to spark growth and encourage business development in the city's Near Westside neighborhood.

The new projects include creation of a micro-lending program, formation of a business association, a peer mentoring program, and an entrepreneurship training program. They are the result of recommendations from the Near Westside Initiative's Small Business Development Committee.

read more...
Jun24 6/24/2010 2:08:00 PM by Eric Reinhardt

 

The U.S. Department of Defense on Wednesday awarded a contract of more than $43 million to Welch Allyn for its patient monitoring systems.

The contract, with the department's Defense Supply Center in Philadelphia, is worth a maximum of more than $43.6 million and is good for one year.

read more...
Jun24 6/24/2010 2:05:00 PM by Eric Reinhardt

 

Paychex, Inc. (NASDAQ: PAYX) announced Wednesday it earned $115 million in its fiscal fourth quarter, up 2 percent from the same quarter a year ago.

Diluted earnings per share of 32 cents were "flat" compared to the same quarter in 2009, the company said in a news release. The firm's fiscal fourth quarter ended May 31.

read more...
Jun23 6/23/2010 5:58:00 PM by Eric Reinhardt

The state's top fiscal officer plans to sue BP in hopes of recovering damages for investors in the state-pension fund. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

CLICK HERE TO LISTEN

 

Jun23 6/23/2010 2:44:00 PM by Eric Reinhardt

The village of Liverpool is the latest community in Onondaga County to award Verizon Communications, Inc. (NYSE: VZ) a franchise for its FiOS TV service.

 
read more...
Jun23 6/23/2010 2:41:00 PM by Eric Reinhardt

New York State Comptroller Thomas DiNapoli announced today he has hired a law firm to represent the New York State Common Retirement Fund in a class-action lawsuit against London-based BP, p.l.c. (NYSE: BP).

The state-pension fund will seek lead-plaintiff status in the action that stems from BP's explosion and spill at its Deepwater Horizon oil rig in the Gulf of Mexico.

read more...
Jun22 6/22/2010 5:54:00 PM by Eric Reinhardt

Upstate Venture Connect agrees to a partnership with Syracuse University, and a Brazilian firm gives shareholders of an Elmira company more time to consider a takeover offer. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jun22 6/22/2010 2:49:00 PM by Eric Reinhardt

 

The state Senate on Monday passed a bill that would create a permanent, low-cost power program for job creation and economic development in New York.
The program would replace the Power for Jobs and Energy Cost Savings Benefit programs, which have long been criticized "for not providing the necessary certainty to businesses to encourage investment in the state," Gov. David Paterson said in a statement.
read more...
Jun22 6/22/2010 2:38:00 PM by Kevin Tampone

 

Upstate Venture Connect, a nonprofit aiming to encourage the development and growth of more small, innovative companies in upstate New York, has a new partnership with Syracuse University (SU).

SU signed on as Upstate Venture Connect's first founding partner. Upstate Venture Connect launched earlier this year.

read more...
Jun22 6/22/2010 1:48:00 PM by Traci DeLore

 

With nearly half of Hardinge, Inc. shares tendered, Industrias Romi S.A. extended the deadline in its bid to take over the Elmira-based machine-tool manufacturer

By June 18, the original expiration date, Romi reported that more than 5.5 million shares were tendered, representing just over 48 percent of Hardinge's outstanding shares and up from 38 percent just a few days earlier. That led Romi to extend the offer of $10 per share until July 14 in hopes of attaining two-thirds of Hardinge's shares.

read more...
Jun21 6/21/2010 5:53:00 PM by Eric Reinhardt

A ninth facility partners with Cornell University on its JumpStart program, and the state- budget proposal includes help for the New York State Liquor Authority. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jun21 6/21/2010 3:17:00 PM by Kevin Tampone

 

The Center for Biotechnology at the State University of New York Stony Brook is the newest addition to Cornell University's JumpStart program.

A total of nine centers sponsored by the New York State Foundation for Science, Technology, and Innovation now participate in the initiative.

read more...
Jun21 6/21/2010 3:15:00 PM by Eric Reinhardt

 

The New York State Society of Certified Public Accountants today announced it is partnering with the State University of New York Oswego on a program that targets minority students in area high schools.

The society's Foundation for Accounting Education is offering its Career Opportunities in the Accounting Profession program to 28 high school juniors from June 27 to June 30. Recruitment for the program is focused on minority groups historically underrepresented in the accounting profession, according to the society.

read more...
Jun21 6/21/2010 3:11:00 PM by Eric Reinhardt

 

Gov. David Paterson today announced $2.4 million in funding to improve the licensing system at the New York State Liquor Authority.

The money is included in budget legislation Paterson sent to the state Legislature on Friday.

read more...
Jun21 6/21/2010 11:00:00 AM by Brandon Talbot

SYRACUSE — The Milton J. Rubenstein Museum of Science and Technology (MOST) received a $20,000 donation from Bank of America June 10 at a press conference held at the museum at 500 S. Franklin St.

read more...
Jun21 6/21/2010 11:00:00 AM by Eric Reinhardt

SALINA — As the new CEO of Hospice of Central New York (CNY), Cynthia Chandler wants to increase the number of patients the organization serves and change its image as end-of-life caregiver.

Its board of directors appointed Chandler as CEO in March of this year after she had served as interim CEO since February 2009.

read more...
Jun21 6/21/2010 11:00:00 AM by Kevin Tampone

CORTLAND — Glyph Technologies, which manufactures professional-level hard drives for audio storage, is relocating from Ithaca to Cortland.

Glyph is moving into 11,000 square feet of leased space in the Cortland Line building at 3736 Kellogg Road in Cortland. Glyph is currently based in 7,000 square feet of space at 227 Cherry St. in Ithaca.

read more...
Jun21 6/21/2010 11:00:00 AM by Kevin Tampone

ITHACA — RP Solutions, a software developer based in Ithaca, has added 10 new contracts since the start of 2010 and over the past 12 months has hired seven people.

read more...
Jun21 6/21/2010 11:00:00 AM by Traci DeLore

VERONA — It’s been about three weeks since Turning Stone began serving alcohol through a catering agreement, and guests are gradually taking to the new amenity, resort officials say.

read more...
Jun21 6/21/2010 11:00:00 AM by Eric Reinhardt

DeWITT — Menorah Park Senior Living Community, at 4101 E. Genesee St. in DeWitt, is using a planned gift of $1 million to help launch a research institute focused on aging.

read more...
Jun21 6/21/2010 11:00:00 AM by Eric Reinhardt

ITHACA — Tompkins County has reached agreement with Cayuga Medical Center to sell the property adjacent to the hospital that the Tompkins County Health Department currently occupies.

read more...
Jun21 6/21/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — Two former lawyers from Gilberti Stinziano Heintz & Smith, P.C. struck out on their own earlier this year and launched their own firm.

read more...
Jun21 6/21/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — A Rochester–based law firm focused on investor rights is heading to the Syracuse market.

read more...
Jun21 6/21/2010 11:00:00 AM by Kevin Tampone

Several area attorneys took on new leadership positions with the New York State Bar Association in June.

read more...
Jun21 6/21/2010 11:00:00 AM by Kevin Tampone

Social media is here to stay whether businesses want it to or not, says Philip Frankel, an attorney with Syracuse–based Bond, Schoeneck & King, PLLC.

read more...
Jun21 6/21/2010 11:00:00 AM by Laura L. Spring

New health-care legislation, signed into law this past March by President Obama, signals myriad changes for local employers — from big businesses to mom-and-pop shops. The reason? Under the new law, more than 30 million uninsured and underinsured people will receive health care. To accomplish this, financing is needed by way of penalties and tax adjustments. In order to successfully navigate the new reform, employers need to proactively prepare for change.

read more...
Jun21 6/21/2010 11:00:00 AM by Eric Reinhardt

The New York State Insurance Department again has the authority to review and approve health-insurance premium increases before they take effect.

Gov. David Paterson signed the bill, allowing the reinstatement of the power, into law on June 9.

read more...
Jun21 6/21/2010 11:00:00 AM by Journal Staff

The threat of a lawsuit causes many physicians to delay the adoption of medical innovations, according to a new national survey on defensive medicine.

read more...
Jun21 6/21/2010 11:00:00 AM by Norman Poltenson

There are two things that are infinite — space and man’s stupidity … and I’m not sure about space. — Albert Einstein

Headlines continue to blare that the U.S. national debt has now surpassed $13 trillion.

read more...
Jun21 6/21/2010 11:00:00 AM by James J. Wrynn

The Fraud Tax is not like any other tax that New Yorkers pay. It’s not like a sales tax that shows up on a store receipt — it’s much harder to see. It’s imposed on New York drivers by criminals who steal hundreds of millions of dollars every year. The good news is that this is one tax we all agree must be cut, and one way to help do it is by toughening the laws to stop fraud under our no-fault, auto-insurance system.

read more...
Jun21 6/21/2010 11:00:00 AM by

ACCOUNTING

Dannible & McKee, LLP has promoted Mark Blakeman and Charla Roth to audit managers. Blakeman is a graduate of Le Moyne College and has been with the firm since 1999. Roth is a graduate of SUNY Oswego and has been with Dannible since 2003.

read more...
Jun21 6/21/2010 11:00:00 AM by Eric Reinhardt

Consumer confidence in upstate New York declined nearly 3 points in May to 60, according to the latest monthly survey from the Siena (College) Research Institute (SRI).

read more...
Jun21 6/21/2010 11:00:00 AM by Traci DeLore

Romi pushes takeover bid right up to the deadline

ELMIRA — Orders are rising at Hardinge Inc., the Elmira–based, machine–tool manufacturer announced while it continued to fend off a hostile takeover bid from a Brazilian company.

read more...
Jun21 6/21/2010 11:00:00 AM by Jeffrey Greenblot

The business community is no stranger to change. Many industries have experienced explosive transition in recent years with changing government regulations, economic challenges, increased pressure to reduce costs, and rapid technological advances. Even the nation’s work force has changed.

read more...
Jun21 6/21/2010 11:00:00 AM by Traci DeLore

AFTON — The Afton office of Coughlin & Gerhart LLP has a new look, thanks to a recent remodeling project.

read more...
Jun21 6/21/2010 11:00:00 AM by Traci DeLore

BINGHAMTON — There is a lot more to customer loyalty than just treating your customers right and hoping they come back. And local author Roger L. Brooks walks businesses through what it takes to develop customer-loyalty programs in his new book, “The Power of Loyalty: 10 Essential Steps to Build a Successful Customer Loyalty Strategy.”

read more...
Jun21 6/21/2010 11:00:00 AM by Eric Reinhardt

U.S. Senator Kirsten Gillibrand (D–NY) on June 8 hosted a summit of New York college and university presidents and outlined her plan to create more higher-education opportunities to help rebuild the state’s economy.

read more...
Jun21 6/21/2010 11:00:00 AM by Kevin Tampone

The Manufacturers Association of Central New York (MACNY) wants to help businesses across the region tap into the $100 million in rebates available through the New York State Energy Research and Development Authority (NYSERDA) for energy-efficiency improvements.

read more...
Jun21 6/21/2010 11:00:00 AM by

ARTS & ENTERTAINMENT

The board of directors of the ART Mission and Theater recently named Matthew F. Thorn executive director.

read more...
Jun21 6/21/2010 11:00:00 AM by

ARTS & ENTERTAINMENT

The board of directors of the ART Mission and Theater recently named Matthew F. Thorn executive director.

read more...
Jun18 6/18/2010 2:30:00 PM by Adam Rombel

 

M&T Bank Corp. (NYSE: MTB) announced Thursday it has launched a new line of credit cards across its network of 750 branches in seven states and the District of Columbia.
The new M&T Visa card, which has no annual fee, carries a current APR as low as 11.24 percent for customers who qualify. The bank said it also offers a basic credit card, without rewards, with a current APR as low as 9.24 percent for customers who qualify.
read more...
Jun18 6/18/2010 2:01:00 PM by Kevin Tampone

 

Gov. David Paterson announced a bill today that would create the Excelsior Jobs program, the planned successor to the Empire Zone program.
Paterson submitted the plan to the Legislature as part of the Transportation, Economic Development, and Environmental Conservation budget bill. Excelsior would offer job-creation and investment incentives to firms in targeted industries such as high tech, biotech, financial services, and manufacturing, according to the governor's office.
read more...
Jun17 6/17/2010 3:19:00 PM by Traci DeLore

 

The New York State Legislature unanimously approved legislation amending the current Historic Preservation Tax Credit law to allow banks and insurance companies to claim the credit.
The change will allow redevelopment of more historic structures in communities like Syracuse, Utica, and Binghamton, supporters say.
read more...
Jun17 6/17/2010 2:56:00 PM by Traci DeLore

 

New York lost private-sector jobs for the first time this year in May, but the state's unemployment rate improved slightly and the number of total unemployed New Yorkers decreased, according to the state Labor Department.

The department released its latest jobs data today.

read more...
Jun17 6/17/2010 2:45:00 PM by Kevin Tampone

 

A number of high-tech manufacturing sectors are emerging in parts of upstate New York, according to a report released today by New York State Comptroller Thomas DiNapoli.

From 2000 to 2008, Upstate lost nearly 105,000 manufacturing jobs, with employment declining in virtually all types of manufacturing sectors. During that same period, however, advanced high-tech jobs increased by more than 7 percent - adding more than 7,000 jobs, according to the report.

read more...
Jun17 6/17/2010 2:44:00 PM by Kevin Tampone

 

Lockheed Martin (NYSE: LMT) has opened its new advanced radar testing facility.

The defense contractor invested $16 million to create the facility, located at its site in Salina. The 9,600-square-foot, 80-foot tall structure allows for testing of entire, operational radar systems as well as components.

read more...
Jun16 6/16/2010 5:56:00 PM by Eric Reinhardt

The state awards SUNY Cortland grant funding to defray the cost of hosting training camp for the New York Jets. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jun16 6/16/2010 2:48:00 PM by Eric Reinhardt

 

The State University of New York College at Cortland (SUNY Cortland) is receiving help to finance the cost of hosting training camp for the New York Jets.
The board of directors of Empire State Development Corp. (ESD) today announced grants for the school totaling up to $575,000, which ESD will disburse over a five-year period.
read more...
Jun16 6/16/2010 11:24:00 AM by Traci DeLore

 

Orders are up at Hardinge, Inc., an Elmira-based machine-tool manufacturer that continues to fend off a hostile takeover bid from a Brazilian company.

Hardinge officials announced today they are raising previous order guidance of $60 million to $65 million for the second quarter to more than $80 million.

read more...
Jun15 6/15/2010 5:59:00 PM by Eric Reinhardt

Thompson & Johnson Equipment Co., Inc. buys a new building in the Southern Tier, and a new survey details the priorities of small-business owners. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jun15 6/15/2010 3:20:00 PM by Traci DeLore

 

Syracuse-based Thompson & Johnson purchased a new 10,000-square-foot facility to house its Binghamton retail and service location.

Holding company Carejon Realty, LLC purchased the building at 15 Corporate Drive on March 15 for $305,000 from Michael Jimenez, according to Broome County's real-property records.

read more...
Jun15 6/15/2010 3:04:00 PM by Eric Reinhardt

 

Dr. Sharon Brangman, professor of medicine at the State University of New York Upstate Medical University (SUNY Upstate), is the new president of the American Geriatrics Society (AGS).

Brangman was sworn in as president during the society's annual scientific meeting on May 13 in Orlando, Fla. SUNY Upstate announced her appointment today.

read more...
Jun15 6/15/2010 2:01:00 PM by Kevin Tampone

 

Risk management ranks low among the priorities for small business owners, according to a survey released this month from Travelers Cos., Inc. (NYSE: TRV).

The survey was conducted in May at America's Small Business Summit 2010 in Washington, D.C. Travelers, an insurer, was a sponsor of the event, which the U.S. Chamber of Commerce hosted.

read more...
Jun14 6/14/2010 6:02:00 PM by Eric Reinhardt

A trade association predicts New York hotels will have a good summer, based on the Memorial Day weekend. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jun14 6/14/2010 4:16:00 PM by Kevin Tampone

 

A project developed by the Central New York Regional Planning and Development Board is one of 25 nationwide to receive a combined $10 million in funding from the Environmental Protection Agency (EPA).
The EPA announced the $500,000 in funding today. The planning board won the grant through the competitive Climate Showcase Communities program.
read more...
Jun14 6/14/2010 1:58:00 PM by Kevin Tampone

 

Hotel occupancy was up during the recent Memorial Day weekend, indicating a potentially brighter summer tourism season, according to a new survey.

Conducted by the New York State Hospitality & Tourism Association, the survey found 70 percent of respondents reported Memorial Day weekend business was as good as or better than a year ago. The association, a nonprofit trade group with 1,300 members, released the results Friday.

read more...
Jun14 6/14/2010 1:50:00 PM by Eric Reinhardt

 

Theodore Pasinski will step down as president and CEO of St. Joseph's Hospital Health Center, effective Dec. 31.
Pasinski joined St. Joseph's in 1974 and became CEO in 1994. He has also served as chairman of the St. Joseph's Hospital Health Center Foundation, the facility's philanthropic and fundraising arm.
read more...
Jun14 6/14/2010 11:00:00 AM by Adam Rombel

To say the national jobs report issued June 4 by the U.S. Bureau of Labor Statistics (BLS) was a disappointment is a vast understatement. If you take out the hiring of temporary government workers for the 2010 Census, the U.S. economy produced virtually no net job growth in May.

read more...
Jun14 6/14/2010 11:00:00 AM by Maria Carbonaro

KIRKWOOD — Sanico is far more than the janitorial-products company it started out as 26 years ago.

Michael L. Peters, president, founded Sanico with the funds from a home-equity loan and a lot of incentive — he had a wife, three kids, and no job.

read more...
Jun14 6/14/2010 11:00:00 AM by Kevin Tampone

Shawan East, president and owner of East Environmental Group. The company  expanded earlier this year to Binghamton.SYRACUSE — East Environmental Group, Inc., a two-year-old environmental-testing company in Syracuse, expanded to Binghamton earlier this year and has plans to continue growing.
The company expects to open an office in Pennsylvania in late 2011 or early 2012 after launching a Binghamton location this past January. Shawan East, president and owner of East Environmental Group, founded the business in 2008 while still employed by DeWitt–based O’Brien & Gere.

read more...
Jun14 6/14/2010 11:00:00 AM by Traci DeLore

NEW HARTFORD — By the end of this year, three new medical services will be up and running in the former Hartford Insurance building as St. Elizabeth Medical Center completes renovations.

St. Elizabeth bought the 84,000-square-foot building at 4401 Middle Settlement Road from Hartford for $3.4 million in January 2009.

read more...
Jun14 6/14/2010 11:00:00 AM by Traci DeLore

A mechanic works on a vehicle at Skinner Automotive Center at 700 Mohawk St. in Herkimer. Skinner expects to add more mechanics as business picks up.HERKIMER — Pulling the plug on his Ford, Lincoln, and Mercury franchises last fall was one of the hardest business decisions Roger Skinner has ever made.

But in the wake of that move, he is revamping his business, Skinner Sales, Inc., to make sure his Herkimer facility, which includes a showroom and a repair shop, stays viable and meets customers’ needs. The facility is now called Skinner Automotive Center.

read more...
Jun14 6/14/2010 11:00:00 AM by Traci DeLore

VERONA — It’s been just a little over two weeks since Turning Stone Resort & Casino began serving alcohol through a catering agreement, and guests are gradually taking to the new amenity, resort officials say.

“It is going well,” Vincent Farrar, director of food and beverage at Turning Stone, says of the alcohol service that began May 27. “Some guests are saying, ‘It’s about time.’”

read more...
Jun14 6/14/2010 11:00:00 AM by Traci DeLore

NEW HARTFORD — Relaxation is the name of the game at Shine Massage Therapy, a new massage business located inside the Jordan James Salon in New Hartford.

read more...
Jun14 6/14/2010 11:00:00 AM by Eric Reinhardt

About three-quarters of New Yorkers surveyed believe New York should cap the rate at which property taxes can increase. And more than 80 percent of respondents support keeping the tax deduction for home-mortgage interest.

read more...
Jun14 6/14/2010 11:00:00 AM by

BANKING & FINANCE

David A. Kavney has been promoted to administrative vice president at M&T Bank. His primary responsibility will be Syracuse and the Mohawk Valley, including Utica and Rome. Kavney holds a bachelor’s degree from St. John Fisher College and is presently a board member of the Elmcrest Children’s Center, Inc.

read more...
Jun14 6/14/2010 11:00:00 AM by Kevin Tampone

Diffinity Genomics, a bio-technology startup funded by a local seed-capital fund, is rolling out its first product, with an eye toward follow-ups later this year and in 2011.

The company’s first product is used in the process of DNA analysis and is aimed at researchers. The product works in a specific, widely used process for analyzing nucleic acids like DNA, explains Jeff Helfer, Diffinity CEO.

read more...
Jun14 6/14/2010 11:00:00 AM by Eric Reinhardt

Even though New York has fared better than most states, housing-market conditions continue to threaten homeowners with foreclosures and reduced home values.

read more...
Jun14 6/14/2010 11:00:00 AM by Kevin Tampone

CORTLANDVILLE — Pyrotek, Inc. has closed on its purchase of the 140,000-square-foot Monarch Machine Tool facility in Cortlandville.

read more...
Jun14 6/14/2010 11:00:00 AM by Eric Reinhardt

U.S. Senator Kirsten Gillibrand (D–NY) on June 8 hosted a summit of New York college and university presidents and outlined her plan to create more higher-education opportunities to help rebuild the state’s economy.

read more...
Jun14 6/14/2010 11:00:00 AM by Reid Goldsborough

By their very nature, Facebook (www.facebook.com) and similar social-networking sites are a way to share private matters with others. You share news of yourself and family, opinions, photos, links to other sites, and so on.

read more...
Jun14 6/14/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — A Syracuse University (SU) professor was among those who won a $20,000 research grant from Time Warner Cable (NYSE: TWC) in April.

Ping Zhang, a professor in SU’s School of Information Studies (iSchool), was one of four national winners of the grants. The money is part of a new program launched by Time Warner Cable to foster research to boost understanding of the benefits and challenges facing the future of digital technologies in the home, office, classroom, and community.

read more...
Jun14 6/14/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — The Manufacturers Association of Central New York (MACNY) and the Westcott Community Center are teaming on training programs for low-income, unemployed individuals.
The groups applied separately last year for funding to support training from the state Labor Department’s Emerging and Transitional Worker Training Initiative. After both organizations won their respective grants, they decided to work together.

read more...
Jun14 6/14/2010 11:00:00 AM by John Tracy

When most of us think of international businesses in Central New York, we think of Lockheed Martin, Welch Allyn, and Sensis. However, those less conspicuous are the many small- to medium-sized companies in Central New York that are also capable of marketing their products in foreign countries. These businesses are the main target of the president’s National Export Initiative (NEI).

read more...
Jun14 6/14/2010 11:00:00 AM by Kevin Tampone

Confidence among learning executives in a first-quarter survey reached its highest level on record, according to the American Society for Training and Development (ASTD).

read more...
Jun14 6/14/2010 11:00:00 AM by Eric Reinhardt

Nearly 60 percent of the employers in a new survey say they have not adopted automatic enrollment in their 401(k) plans, even though they are aware of the feature.

read more...
Jun14 6/14/2010 11:00:00 AM by Harold Miller

In the beginning of the 20th century, Auburn was one of the major hubs for manufacturing in America. International Harvester was the world’s largest manufacturer of farm machinery — its expansive facilities stretched over 20 acres within the growing city.

read more...
Jun14 6/14/2010 11:00:00 AM by

ACCOUNTING

Jaimee Pishotti, marketing director at Dannible & McKee, LLP, recently earned her MBA from Syracuse University’s Whitman School of Management. Pishotti has an undergraduate degree in marketing from Ithaca College and has been with Dannible & McKee since January 2010.

read more...
Jun11 6/11/2010 5:48:00 PM by Eric Reinhardt

A Lewis County nonprofit wins grant money for home-improvement work. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jun11 6/11/2010 3:07:00 PM by Eric Reinhardt

 

The consumer confidence of upstate New Yorkers declined nearly 3 points in May to 60, according to the latest monthly survey from the Siena (College) Research Institute (SRI).
Upstate's confidence level of 60 is eight points below the state's overall confidence level of 68, which is up more than a point from April. SRI released the new survey today.
read more...
Jun11 6/11/2010 1:31:00 PM by Kevin Tampone

 

New York's major housing agencies and the Division of Housing and Community Renewal held their first joint board meeting Thursday and approved a grant for a Lewis County project.

Snow Belt Housing Co., Inc. received a $300,000 grant to finance home improvements at 32 homes in Lewis County. Snow Belt is a housing nonprofit based in Lowville.

read more...
Jun10 6/10/2010 5:53:00 PM by Eric Reinhardt

Le Moyne College is preparing for a new addition to its campus.  Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jun10 6/10/2010 3:26:00 PM by Eric Reinhardt

 

The New York State Health Department has awarded St. Elizabeth Family Medicine Center in Utica a grant of nearly $215,000 for treatment and prevention of HIV.

The Family Medicine Center will use the funding to expand its existing services in providing HIV primary care and prevention services, Regina Brown, program coordinator for the infectious disease clinic, said in a news release.

read more...
Jun10 6/10/2010 1:27:00 PM by Kevin Tampone

 

Le Moyne College broke ground today on a $20 million science facility that will serve as a cornerstone in the school's science and health programs.
The 48,000-square-foot facility will connect to the Coyne Science Center, one of the college's original buildings. Work is scheduled to end in late 2011.
read more...
Jun9 6/9/2010 6:09:00 PM by Eric Reinhardt

Health insurers aren't happy with a new state law, and a Canastota business completes its purchase of a building in Cortland County. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jun9 6/9/2010 4:18:00 PM by Eric Reinhardt

 

The New York State Insurance Department again has the authority to review and approve health-insurance premium increases before they take effect.
Gov. David Paterson signed the bill allowing the reinstatement of the power today.

Since 2000, New York had regulated health-insurance premiums under a "file and use" law that "significantly" limited the state's ability to disapprove premium increases and allowed the insurance industry to regulate itself, the governor's office said in a news release.

read more...
Jun9 6/9/2010 3:29:00 PM by Kevin Tampone

 

Verizon Wireless and the Verizon Foundation, along with the New York State Office for the Prevention of Domestic Violence, are launching a grant program to help survivors of domestic violence start small businesses.

Verizon Wireless and the Verizon Foundation are donating a total of $45,000 to fund the program. One-time grants will range from $500 to $2,500 per applicant and can be used for down payments on work space, to purchase a computer or other office equipment, or to purchase initial product inventory.

read more...
Jun9 6/9/2010 1:40:00 PM by Kevin Tampone

 

Pyrotek, Inc. has closed on its purchase of the 140,000-square-foot Monarch Machine Tool facility in Cortlandville.

The $3.3 million deal includes the purchase of the building and some associated costs for moving and renovation. Pyrotek will bring about 50 jobs to the facility and as many as 70 more over the next year to three years, according to the Cortland County Business Development Corporation-Industrial Development Agency (BDC-IDA).

read more...
Jun8 6/8/2010 5:52:00 PM by Eric Reinhardt

Cornell University has plans for a new school, and Lockheed Martin wins a new contract from the U.S. Army. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

 

read more...
Jun8 6/8/2010 4:30:00 PM by Eric Reinhardt

CHITTENANGO — Sorbello’s Produce & Retail Lawn & Garden Center, a seasonal business that has operated for more than a quarter century, has added a new building to its 13-acre property at 906 E. Genesee St. (Route 5) in Chittenango.

read more...
Jun8 6/8/2010 4:28:00 PM by Eric Reinhardt

BALDWINSVILLE — DooleyMack Constructors, Inc., a Sarasota, Fla.–based construction firm, has opened an office in Baldwinsville, the company announced May 20.

read more...
Jun8 6/8/2010 4:26:00 PM by Kevin Tampone

SALINA — In its first year in business, Teracai surpassed its projected revenue and added new employees.

read more...
Jun8 6/8/2010 4:22:00 PM by Kevin Tampone

Filmmakers must be serial entrepreneurs to be successful, Brian Iglesias says.

Starting each new film is like launching a company from the ground up. Producers need to organize financing, hire a crew, plan marketing and promotion, and more, says Iglesias, a graduate of the original installment of the Entrepreneurship Bootcamp for Veterans with Disabilities at Syracuse University’s Martin J. Whitman School of Management.

read more...
Jun8 6/8/2010 4:18:00 PM by Eric Reinhardt

DeWITT — Calico Gals, Inc., a local quilt shop and sewing center, has opened a second location in Oswego and is also getting settled into its new headquarters in the town of DeWitt.

read more...
Jun8 6/8/2010 4:17:00 PM by James McEntire

It was a Friday and the first real snowfall of the season fell in upstate New York. The weather forecast of two inches of snow turned into six inches. By 1 p.m., my feet are wet and I can see the reason — a crack in my boots. At the end of my sales calls, it is time to look for new boots. We have a long winter here and wet feet put a real damper on my enthusiasm. Cold and tired, I entered the local Army and Navy store.

read more...
Jun8 6/8/2010 4:14:00 PM by Eric Reinhardt

FAYETTEVILLE — John Arquette Properties, a real-estate firm that’s operated in Central New York since February 2009, is planning to open a new office in the Kimbrook Plaza in the town of Clay.

read more...
Jun8 6/8/2010 4:12:00 PM by Eric Reinhardt

About three-quarters of New Yorkers surveyed believe New York should cap the rate at which property taxes can increase. And more than 80 percent of respondents support keeping the tax deduction for home-mortgage interest.

read more...
Jun8 6/8/2010 4:11:00 PM by Eric Reinhardt

Also, national construction spending is boosted by stimulus

The Syracuse and Utica–Rome areas gained construction jobs between April 2009 and April 2010, while construction employment during that period remained unchanged in the Binghamton region.

read more...
Jun8 6/8/2010 4:05:00 PM by Kevin Tampone

There is no doubt the construction industry is facing a challenging time, partners at The Bonadio Group say.

read more...
Jun8 6/8/2010 4:02:00 PM by Kevin Tampone

SYRACUSE — Work is set to begin in mid-July on the redevelopment of the former Hurbson building at 215 W. Fayette St. in Armory Square.

The CRS Cos. of Williamsville plans to transform the vacant, 22,000-square-foot building into a mix of apartments on the top four floors and retail space on the ground level.


The firm has owned the building for more than five years.

read more...
Jun8 6/8/2010 3:58:00 PM by Journal Staff

SYRACUSE — Relocations by Cintas and Arrow Auto Glass are among the real-estate transactions arranged and recently announced by the Syracuse office of CB Richard Ellis (CBRE).

read more...
Jun8 6/8/2010 3:47:00 PM by Journal Staff

SYRACUSE — On May 12, the American Council of Engineering Companies (ACEC) presented the organization’s 2010 Empire Award to the Midler Avenue Brownfield Project.

read more...
Jun8 6/8/2010 3:45:00 PM by Norman Poltenson

Economic downturns tend to sour Americans on capitalism.

The recession that began in December 2007 has been both protracted and severe. The bursting of the housing bubble revealed a mix of government policy which encouraged reckless lending; wild speculation; investors who exhibited little caution; phony financiers; borrowers who lacked the ability to repay their loans; and regulators asleep at the switch, lacking in sophistication to understand the industry they were regulating, or both.

read more...
Jun8 6/8/2010 3:32:00 PM by

ACCOUNTING

Vincent Salvagni, CPA, of Dermody, Burke & Brown, CPAs, LLC, has completed the certification process with the National Association of Certified Valuation Analysts to earn his designation of certified valuation analyst.

read more...
Jun8 6/8/2010 3:28:00 PM by Brandon Talbot

ITHACA — The Franziska Racker Centers, Inc. (Racker Centers), an Ithaca–area nonprofit that provides clinical, educational, and residential treatment for people with developmental disabilities, experienced steady growth over the past 10 years, boosting annual revenue by $13 million.

read more...
Jun8 6/8/2010 3:04:00 PM by Kevin Tampone

 

Lockheed Martin's Owego facility will be among the sites working on a new $142 million contract from the U.S. Army.

The firm announced today it won the contract to begin production of additional persistent threat detection systems for coalition forces. The systems aid in detection of improvised explosive devices through surveillance of broad areas and have been in use since 2004.

read more...
Jun8 6/8/2010 2:56:00 PM by Eric Reinhardt

 

Even though New York has fared better than most states, housing-market conditions continue to threaten homeowners with foreclosures and reduced home values.

That's the finding in a new report New York State Comptroller Thomas DiNapoli released today.

read more...
Jun8 6/8/2010 10:33:00 AM by Traci DeLore

 

Cornell University today received gifts totaling $25 million it will use to establish the Charles H. Dyson School of Applied Economics and Management in Cornell's College of Agriculture and Life Sciences (CALS).

Cornell named the school in honor of former New York Power Authority Chairman John Dyson's father, Charles Dyson, in recognition of the contribution from the late business leader's family.

read more...
Jun7 6/7/2010 5:49:00 PM by Eric Reinhardt

M&T Bank is set to open its first international office. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jun7 6/7/2010 1:52:00 PM by Traci Gregory

 

Housing Visions, the city of Utica, and the New York State Division of Housing & Community Renewal today announced a new housing project with 37 units for low- and moderate-income families.

Housing Visions, a Syracuse-based housing nonprofit, acquired 10 properties within the 1200 and 1400 blocks of Kemble Street, 100 block of Hobart Street., and 700 block of Noyes Street for the homes. Housing Visions will rehabilitate four buildings, demolish three buildings, and construct four new buildings.

read more...
Jun7 6/7/2010 1:20:00 PM by Kevin Tampone

 

M&T Bank said today it received approval to open a commercial banking office in Canada.
The office at 161 Bay St. in downtown Toronto will provide commercial banking services, including deposit and loan products, to Canadian businesses. M&T, based in Buffalo, has provided banking services for the U.S. facilities of Canadian companies for years.
read more...
Jun7 6/7/2010 11:00:00 AM by Traci Delore

A Golden Artist Colors employee works on making a batch of yellow paint. The company has acquired Williamsburg Handmade Oil Colors in the Oneonta area and is now producing oil paints.NEW BERLIN — Golden Artist Colors recently acquired an Oneonta–area company in a move to expand the company’s offerings.

On May 21, Golden Artist Colors completed the purchase of Williamsburg Handmade Oil Colors in East Meredith and is now producing the oil colors in the Golden Custom Lab facilities within its original 100,000-square-foot factory near New Berlin. Financial terms weren’t disclosed.

read more...
Jun7 6/7/2010 11:00:00 AM by Traci DeLore

Participants listen to a lecture hosted by Southern Tier Opportunity Coalition (STOC). Broome Community College’s (BCC) new president, Dr. Kevin Drumm, will join STOC the for its next networking event to discuss the college, its role in the community, and offer a few other pearls of wisdom.BINGHAMTON — After about four months on the job, Broome Community College’s (BCC) new president, Dr. Kevin Drumm, will join the Southern Tier Opportunity Coalition (STOC) for its next networking event to discuss the college, its role in the community, and offer a few other pearls of wisdom.

read more...
Jun7 6/7/2010 11:00:00 AM by Kevin Tampone

There is no doubt the construction industry is facing a challenging time, partners at The Bonadio Group say.

read more...
Jun7 6/7/2010 11:00:00 AM by Journal Staff

COOPERSTOWN — The first 10 students are set to begin a new graduate medical-school program at Bassett Medical Center and Columbia University College of Physicians and Surgeons this fall.

read more...
Jun7 6/7/2010 11:00:00 AM by Eric Reinhardt

The Syracuse and Utica–Rome areas gained construction jobs between April 2009 and April 2010, while construction employment during that period remained unchanged in the Binghamton region.

read more...
Jun7 6/7/2010 11:00:00 AM by Traci DeLore

Jeffrey Greenblott, owner of Colonial Voluntary Benefits, in Binghamton. He has leased 550 square feet of space at 3 Park Ave. and opened his new office on April 9.BINGHAMTON — Jeffrey Greenblott was looking for a new career when Colonial Voluntary Benefits came knocking at his door.

read more...
Jun7 6/7/2010 11:00:00 AM by Eric Reinhardt

Most employers that made changes to their retirement plans in response to the economic downturn expect to keep those changes in place throughout 2010.

read more...
Jun7 6/7/2010 11:00:00 AM by

EDUCATION & TRAINING

Marsha Cornelius has been named dean of the Norwich Campus of Morrisville State College. Cornelius has served as interim dean since September 2009. She has held various positions since joining the Norwich staff in 1997.

read more...
Jun4 6/4/2010 5:37:00 PM by Eric Reinhardt

Temporary census workers boost the nation's job gains in May in a labor-department report that Wall Street considered disappointing. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Jun4 6/4/2010 2:04:00 PM by Adam Rombel

If you take out the hiring of temporary government workers for the Census, the U.S. economy produced virtually no net job growth in May. That was the verdict of the national jobs report issued Friday by the U.S. Bureau of Labor Statistics (BLS).

read more...
Jun4 6/4/2010 1:59:00 PM by Kevin Tampone

 

The total nonfarm payroll in the U.S. grew by 431,000 in May, according to the U.S. Bureau of Labor Statistics.

Nearly the entire increase was a result of more government hiring. The bureau released its latest figures on jobs today.

read more...
Jun4 6/4/2010 1:22:00 PM by Eric Reinhardt

 

The State University of New York Upstate Medical University (SUNY Upstate) is preparing to open the Upstate Cancer Research Institute on June 10.
The medical school announced opening activities on Thursday.
The institute, located on the sixth floor of Weiskotten Hall, will bring together scientists and clinicians to escalate Upstate's activity in pursuing new treatments for cancer patients.
read more...
Jun3 6/3/2010 5:53:00 PM by Eric Reinhardt

A school-bus company serving Syracuse faces a lawsuit, and a software developer in Ithaca adds new clients. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR.

read more...
Jun3 6/3/2010 3:12:00 PM by Eric Reinhardt

 

The nation's employers announced plans to cut nearly 39,000 jobs in May, meaning the pace of downsizing "was virtually unchanged" last month.

The finding is part of the latest job-cut report from Challenger, Gray & Christmas, Inc., a Chicago-based outplacement firm.

read more...
Jun3 6/3/2010 2:59:00 PM by Kevin Tampone

 

RP Solutions, an Ithaca-based software developer, said today the company added 10 new contracts since the beginning of 2010.
The new customers include city governments, municipal utilities, a health-care biller, a collections agency, a retail supercenter, and a nonprofit organization. RP is a developer of payment and remittance software.
read more...
Jun3 6/3/2010 2:45:00 PM by Eric Reinhardt

 

The U.S. Department of Labor today announced the filing of a lawsuit against an Ohio school bus company alleging it fired a Syracuse bus driver nearly three years ago for raising health and safety concerns.

The lawsuit targets Cincinnati-based First Student, Inc. and Thomas Waldron, a former contract manager at the company's Syracuse location.

read more...
Jun2 6/2/2010 6:00:00 PM by Eric Reinhardt

A new study recognizes research at Syracuse University's Martin J. Whitman School of Management. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as heard on NewsRadio 570 WSYR.

 

read more...
Jun2 6/2/2010 5:23:00 PM by Kevin Tampone

 

Northeastern Electronics Co., Inc. is adding new jobs.

The company is hiring veterans who recently completed job training through the Different Shades of Green program, administered by the Cornell University Cooperative Extension. Rep. Dan Maffei and company owner Steve Peltz announced the new jobs today.
read more...
Jun2 6/2/2010 2:58:00 PM by Kevin Tampone

 

Research on entrepreneurship at Syracuse University (SU) has been ranked highly in an international study by the M. J. Neeley School of Business at Texas Christian University.

Faculty in the Department of Entrepreneurship and Emerging Enterprises at SU's Martin J. Whitman School of Management conducted the research, which the Texas Christian study ranked number two in the world.

read more...
Jun2 6/2/2010 2:41:00 PM by Eric Reinhardt

 

Exceptional Family Resources, a nonprofit organization that helps individuals with disabilities and their families, has moved into a new office at 1820 Lemoyne Ave. in Salina.

The Bell Group, a commercial real-estate firm, announced the move on Tuesday.

read more...
Jun1 6/1/2010 6:04:00 PM by Eric Reinhardt

Federal numbers indicate slight job growth in the construction sector in Central New York during the 12-month period ending in April.  Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

 

read more...
Jun1 6/1/2010 3:46:00 PM by Eric Reinhardt

 

The Syracuse and Utica-Rome areas gained construction jobs between April 2009 and April 2010, while construction employment during that period remained unchanged in the Binghamton region.

That's according to new data from the U.S. Bureau of Labor Statistics analyzed and reported by the Associated General Contractors of America (AGC), a construction industry trade group.

read more...
Jun1 6/1/2010 1:32:00 PM by Kevin Tampone

 

Applications for the next round of JumpStart awards are due June 25.

The JumpStart program, developed by the Cornell Center for Materials Research at Cornell University, aims to connect small and mid-size businesses in the state with resources at the university. In the past, companies have partnered with Cornell on projects including new product development, mathematical modeling for proof-of-concept studies, and development of existing products for new markets.

read more...
May31 5/31/2010 11:00:00 AM by Traci DeLore

NEW HARTFORD — Between the economy, the nation’s increasing number of people looking for work, and technology improvements that constantly change the way people do business, companies like First Choice Staffing need to continually look at the way they interact with clients.

read more...
May31 5/31/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — 2ndNature first began dabbling in designing applications, or apps, for mobile devices in 2008.

Since then, that space has exploded, and this year the Syracuse–based website-design firm launched a new effort to focus on app development.

read more...
May31 5/31/2010 11:00:00 AM by Kevin Tampone

Russ Preite has been named president of Verizon Wireless’ upstate New York region.

read more...
May31 5/31/2010 11:00:00 AM by Kevin Tampone

ITHACA — Widetronix, Inc., a developer of low-power, long-life batteries for microelectronics,  has received new federal funding this year to continue work on its initial products.

read more...
May31 5/31/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — Rondaxe Enterprises, LLC, a Syracuse–based, pharmaceutical-consulting firm, is finding some new business opportunities in the wake of the recession.

The slowing economy and problems in the financial sector caused venture funding for pharmaceutical and biotechnology companies to dry up, says Jeffrey Evans, a co-founder and managing partner at Rondaxe. As a result, Rondaxe’s drug and biotech customers started asking the firm to do more.

read more...
May31 5/31/2010 11:00:00 AM by Reid Goldsborough

YouTube (www.youtube.com) just celebrated its fifth birthday, and looking at where it has come from and where it is now can shed some interesting light on where video may be headed.

read more...
May31 5/31/2010 11:00:00 AM by Kevin Tampone

ITHACA — Rheonix, Inc. will use $12.6 million in new venture financing to continue development of applications for its testing technology in the health-care field.

read more...
May31 5/31/2010 11:00:00 AM by Journal Staff

DeWITT — Sensis Corp. technology that monitors airport runways is up and running at Sydney Airport in Australia.

read more...
May31 5/31/2010 11:00:00 AM by Kevin Tampone

ITHACA — The winner of this year’s Creative Core Emerging Business Competition has major ambitions for its future.

read more...
May31 5/31/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — A training program on the city’s North Side, focused on green construction, is looking to replicate its model in the coming years in other industries and neighborhoods.

The program, called the Northside Green Train, graduated its third class in May. About 45 people have completed the program so far and organizers have been able to successfully place 85 percent of them in jobs, says Dominic Robinson, director of the Prospect Hill Development Initiative, which oversees Green Train.

read more...
May31 5/31/2010 11:00:00 AM by Eric Reinhardt

CAMILLUS — Costello, Cooney & Fearon, PLLC, a Syracuse–based law firm founded in 1896, has opened a new office in Camillus in a space that another smaller firm had previously occupied.

read more...
May31 5/31/2010 11:00:00 AM by Kevin Tampone

SKANEATELES FALLS — The sale of two Welch Allyn lighting product lines announced May 21 doesn’t mean the businesses weren’t performing well.

read more...
May31 5/31/2010 11:00:00 AM by Journal Staff

COOPERSTOWN — The first 10 students are set to begin a new graduate medical-school program at Bassett Medical Center and Columbia University College of Physicians and Surgeons this fall.

read more...
May31 5/31/2010 11:00:00 AM by Gail Kinsella

Sure, times are tough and it can be confusing figuring out where to turn for advice. Why not start with your CPA?

read more...
May31 5/31/2010 11:00:00 AM by Journal Staff

American companies spent $296.3 billion on information and communication technology (ICT) equipment and computer software in 2008. That’s up 11 percent from 2007, according to the U.S. Census Bureau, and follows a 5.5 percent increase from 2006 to 2007.

read more...
May31 5/31/2010 11:00:00 AM by Karen R. Harned

The U.S. Supreme Court [on May 24] delivered a decision that will make it more
difficult for employers to defend themselves against an alleged discrimination claim that occurred years in the past.

read more...
May31 5/31/2010 11:00:00 AM by

ADVERTISING AGENCIES

Eric Mower and Associates (EMA) has promoted Kristen Nave to senior account executive, Pump Digital & Direct.

read more...
May31 5/31/2010 11:00:00 AM by Maria Carbonaro

SYRACUSE — Holmes King Kallquist (HKK) is a nearly 30-year-old local architecture firm whose partners have deep ties to Syracuse and have made designing buildings here their life’s work.

read more...
May31 5/31/2010 11:00:00 AM by Traci Gregory

COLUMBUS — Golden Artist Colors recently acquired an Oneonta–area company in a move to expand the company’s offerings.

read more...
May31 5/31/2010 11:00:00 AM by Eric Reinhardt

The federal homebuyer tax credit helped sales of existing single-family homes in New York climb nearly 20 percent in April compared to a year ago, according to the latest statistics from the New York State Association of Realtors (NYSAR).

read more...
May31 5/31/2010 11:00:00 AM by Kevin Tampone

VERONA — Organizers are gearing up for the annual N.Y. Tech Summit, a six-year-old technology conference and exhibition at Turning Stone Resort and Casino, and expecting increased attendance.

read more...
May31 5/31/2010 11:00:00 AM by Traci DeLore

MARCY — Twenty years ago around the world, Nelson Mandela was released from prison in South Africa, the Hubble space telescope was launched, and Microsoft introduced Windows 3.0.

read more...
May31 5/31/2010 11:00:00 AM by Traci DeLore

ONEIDA — Want to own a piece of Oneida Financial Corp.? Well, now’s your chance.

The firm (NASDAQ: ONFC) announced the second-step conversion to a stock company and its initial stock offering May 22.

read more...
May31 5/31/2010 11:00:00 AM by Eric Reinhardt

Most employers that made changes to their retirement plans in response to the economic downturn expect to keep those changes in place throughout 2010.

read more...
May31 5/31/2010 11:00:00 AM by

CONSULTING

Paradigm Consulting Inc. recently appointed Angela Semo executive vice president of the human-resource division. She holds a master’s degree with a concentration in human resources, and most recently served as director of human resources (HR) for Herkimer County Community College. Semo has more than 21 years of HR experience.

read more...
May31 5/31/2010 9:10:00 AM by Adam Rombel

The stock-market action on Wall Street of late has been a roller-coaster ride. Risk-averse investors are heading for safety in droves.

read more...
May28 5/28/2010 5:38:00 PM by Eric Reinhardt

A new program is meant to encourage improved rental properties in the Eastwood section of Syracuse. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May28 5/28/2010 5:34:00 PM by Eric Reinhardt

A new program is meant to encourage improved rental properties in the Eastwood section of Syracuse. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May28 5/28/2010 2:49:00 PM by Eric Reinhardt

 

U.S. Sen. Kirsten Gillibrand (D-N.Y.) today announced her support for proposed legislation that would help veterans return to the work force.

Gillibrand announced her support during a stop today at the office of Cornell Cooperative Extension of Onondaga County in downtown Syracuse.

read more...
May28 5/28/2010 1:23:00 PM by Kevin Tampone

 

A new program to encourage improved rental properties in the city's Eastwood neighborhood will kick off Tuesday.

The Eastwood Five Star Rental Program will provide low-interest property improvement loans to investors in the Eastwood neighborhood. Participating investors will also receive tenant outreach and marketing help.

read more...
May28 5/28/2010 12:32:00 PM by Kevin Tampone

 

A judge sentenced a Syracuse man to 18 months in prison today for selling more than $250,000 worth of pirated software.

Robert Cimino, 60, pleaded guilty in February to criminal copyright infringement in federal district court in eastern Virginia. In addition to his prison sentence, Cimino must also pay more than $272,000 in restitution and will be subject to three years of supervised release.

read more...
May27 5/27/2010 6:06:00 PM by Eric Reinhardt

A Brazilian firm allows shareholders at Hardinge of Elmira more time to consider its take over bid, and an Albany company with operations in Cicero is reducing its U.S. work force. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May27 5/27/2010 3:44:00 PM by Eric Reinhardt

 

Albany Molecular Research, Inc. (AMRI), which employs 54 people in Cicero, plans to eliminate 80 positions, or about 10 percent of its U.S. work force.

The cost-cutting move is part of a "repositioning" effort to meet customer demand in Europe and Asia, the firm said. AMRI (NASDAQ: AMRI) provides contract drug development services to pharmaceutical and biotechnology companies and develops its own drugs.

read more...
May27 5/27/2010 1:36:00 PM by Kevin Tampone

 

A Utica firm won a contract Wednesday from the New York Power Authority (NYPA) for work on a dam in North Blenheim, about an hour west of Albany.

Gomez and Sullivan Engineers of Utica will provide inspection and consulting services for the dam at the authority's hydroelectric Blenheim-Gilboa Pumped Storage Project. The five-year deal is worth $230,000.

read more...
May27 5/27/2010 1:19:00 PM by Traci DeLore

 

With nearly 40 percent of Hardinge, Inc. shares tendered, a Brazilian company is extending the deadline for its takeover bid to gain control of the Elmira-based machine-tool manufacturer.

Industrias Romi S.A. says stockholders tendered more than 4.4 million shares in response to its $10 per share bid. That represents 38 percent of the approximately 11.5 million outstanding shares of Hardinge (NASDAQ: HDNG) stock.

read more...
May26 5/26/2010 5:50:00 PM by Eric Reinhardt

Siena College has released a homeowners' survey, and a local entertainment venue can now offer a product that most restaurants already have. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May26 5/26/2010 3:03:00 PM by Eric Reinhardt

 

About three-quarters of New Yorkers in a new survey believe the state should cap the rate at which property taxes can increase. And more than 80 percent of respondents support keeping the tax deduction for mortgage interest.

Both findings are part of a survey released today on home ownership from the Siena (College) Research Institute (SRI). The New York State Association of Realtors sponsored the survey.

read more...
May26 5/26/2010 1:17:00 PM by Kevin Tampone

 

Turning Stone Resort and Casino will begin serving alcohol throughout the property Thursday.

The New York State Liquor Authority issued a liquor license on Tuesday to the company that will provide the alcohol service, C.D. Food & Beverage. The authority approved C.D.'s application May 6.

read more...
May25 5/25/2010 5:55:00 PM by Eric Reinhardt

Business leaders are advising Albany to avoid borrowing to pay for expenses, and a new report says some trips to the emergency room aren't necessary. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May25 5/25/2010 3:28:00 PM by Eric Reinhardt

 

Upstate New Yorkers made more than 640,000 trips to emergency rooms in 2008 for earaches, sore throats, and other minor medical problems, according to a new report from Excellus BlueCross BlueShield.

The number of trips for such minor problems raises concerns that they strain already overcrowded emergency rooms, according to the report, which Excellus released today.

read more...
May25 5/25/2010 2:48:00 PM by Kevin Tampone

 

A coalition of business groups organized by the National Federation of Independent Business (NFIB) sent a letter to the state Legislature today opposing the idea of borrowing to pay state operating expenses.

Earlier this year, Lt. Gov. Richard Ravitch released a proposal to deal with the state's current budget deficit, which included borrowing. Gov. David Paterson appointed Ravitch to come up with a long-term fiscal plan for the state after appointing him.

read more...
May25 5/25/2010 12:10:00 PM by Eric Reinhardt

 

Currier Plastics, Inc. of Auburn has spent more than $1 million on two new machines that enhance its blow-molding and injection-molding capabilities.
Blow molding and injection molding are methods used in manufacturing plastic products.
read more...
May24 5/24/2010 5:52:00 PM by Eric Reinhardt

Realtors are crediting a financial incentive for a boost in home sales, and a local banking company is forging ahead with its conversion to a stock company. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May24 5/24/2010 2:20:00 PM by Kevin Tampone

 

Former President Bill Clinton will speak at Colgate University on Oct. 29.

Clinton will visit campus for the next edition in the school's Kerschner Family Series Global Leaders. The Global Leaders series, sponsored by Colgate's Parents' and Grandparents' Fund, allows the university to invite high-profile speakers to campus.

read more...
May24 5/24/2010 2:05:00 PM by Traci DeLore

 

ONEIDA - Want to buy a piece of Oneida Financial Corp.? Well, now's your chance.
The firm (NASDAQ: ONFC) announced the second-step conversion to a stock company and its initial stock offering Friday.
read more...
May24 5/24/2010 2:01:00 PM by Eric Reinhardt

 

The federal homebuyer tax credit helped sales of existing single-family homes in New York climb nearly 20 percent between April 2009 and April 2010 to more than 6,100 sales, according to the latest statistics from the New York State Association of Realtors (NYSAR).

The April numbers indicate positive sales trends for New York's housing market, Duncan MacKenzie, CEO of NYSAR, said in a news release.

read more...
May24 5/24/2010 6:00:00 AM by Kevin Tampone

 

Medical device maker Welch Allyn said Friday that it will exit portions of its lighting business.

The firm said in a news release that if business conditions remain stable, most employees will be retained and redeployed elsewhere within the company. Welch Allyn, headquartered in Skaneateles Falls, is aiming to focus fully on diagnostic medical devices and services.

read more...
May21 5/21/2010 5:39:00 PM by Eric Reinhardt

Welch Allyn sells portions of its lighting business, and a Florida construction firm opens a Central New York office. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May21 5/21/2010 2:20:00 PM by Kevin Tampone

 

Two Central New York companies received special recognition Tuesday at the annual SmartStart UNYTECH Venture Forum.

This year's forum took place Monday and Tuesday at the Sheraton University Conference Center in Syracuse.

read more...
May21 5/21/2010 2:19:00 PM by Eric Reinhardt

 

Costello, Cooney & Fearon, PLLC, a Syracuse-based law firm founded in 1896, has opened a new office in Camillus.

"Many of our attorneys live in close proximity to the office, including Marcellus, Westvale, and Onondaga Hill, and have relationships with many residents and businesses in the area so it made perfect sense to open an office to better service current and hopefully future clients," Robert Smith, CEO of Costello, Cooney & Fearon, said in a news release.

read more...
May21 5/21/2010 2:14:00 PM by Eric Reinhardt

 

DooleyMack Constructors, a Sarasota, Fla.-based construction firm, has opened an office in Baldwinsville, the company announced Thursday.

The new location is the firm's ninth regional office.

read more...
May20 5/20/2010 5:50:00 PM by Eric Reinhardt

The Syracuse-area unemployment rate drops in April, and Binghamton University selects an interim president. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May20 5/20/2010 2:02:00 PM by Traci DeLore

 

For the fourth consecutive month, New York added jobs and saw its unemployment rate drop.
Between March and April, the state added 31,500 private-sector jobs and the total nonfarm job count, which includes all public- and private-sector jobs, grew by 32,700.
The unemployment rate dropped from 8.6 percent in March to 8.4 percent in April.
read more...
May20 5/20/2010 2:01:00 PM by Eric Reinhardt

 

Nearly half the CFOs responding to a new survey cited the rising cost of health care as their primary business concern.

The findings also indicate nearly the same amount of financial executives see controlling costs and improving profitability as another concern.

read more...
May20 5/20/2010 2:00:00 PM by Traci DeLore

 

C. Peter Magrath, who served as president of Binghamton University in the 1970s, takes over the reins once again as interim president until a replacement is found for the retiring Lois DeFleur.

Magrath served as president at Binghamton from 1972 to 1974. State University of New York (SUNY) Chancellor Nancy Zimpher nominated him to the interim post.

read more...
May19 5/19/2010 5:53:00 PM by Eric Reinhardt

Hardinge of Elmira recommends a second rejection of a takeover bid, and a Utica hospital denies it committed Medicare fraud. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May19 5/19/2010 3:23:00 PM by Eric Reinhardt

 

Insurance companies paid New York consumers about $32 million last year and offered to reinstate 116,000 policies that had been improperly cancelled or not renewed.
The findings are part of the 2009 annual report from the New York State Insurance Department released on Monday.
read more...
May19 5/19/2010 2:38:00 PM by Traci DeLore

 

St. Elizabeth Medical Center today denied committing Medicare fraud, despite agreeing to pay nearly $196,000 to settle a Justice Department investigation.

"St. Elizabeth Medical Center has not submitted any false claims to Medicare," Chief Operating Officer Robert Scholefield said. "It does not put profits ahead of sound medical judgment."

read more...
May19 5/19/2010 11:38:00 AM by Traci DeLore

 

Even though the Brazilian company attempting to take over Hardinge, Inc. increased its offer earlier this month, Hardinge is again urging its shareholders to reject the deal.

The offer from Industrias Romi S.A., Hardinge board members say, is highly inadequate, opportunistic, and not in the best interest of the company or its shareholders.

read more...
May18 5/18/2010 5:58:00 PM by Eric Reinhardt

The Sensis Corporation of DeWitt has deployed its airport-runway technology in Australia. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR.

read more...
May18 5/18/2010 1:39:00 PM by Eric Reinhardt

 

The U.S. Small Business Administration today announced it is offering online tools to help small businesses interested in international trade.

Small businesses can access a six-part podcast series, a YouTube video introducing exporting, and an online training course.

read more...
May18 5/18/2010 1:10:00 PM by Kevin Tampone

 

Sensis Corp. technology that monitors airport runways is up and running at Sydney Airport in Australia.

The airport is using Sensis' Advanced - Surface Movement Guidance and Control System. The technology combines surveillance data from sensors and radar to provide location and identification information of all aircraft and vehicles in areas on the airport surface.

read more...
May17 5/17/2010 5:49:00 PM by Eric Reinhardt

A monthly-manufacturing survey indicates decreased optimism among New York firms, and a Mohawk Valley hospital helps settle a Medicare-fraud case. Hear details in this recording of "Business Briefs from the The Central New York Business Journal," as aired on NewsRadio 570 WSYR.

read more...
May17 5/17/2010 1:50:00 PM by Traci DeLore

 

St. Elizabeth Medical Center is paying the federal government nearly $196,000 to settle a Medicare billing investigation involving nine hospitals in seven states, according to the U.S. Justice Department.
Officials from St. Elizabeth did not immediately comment on the matter.

According to the Justice Department, the settlements - which total more than $9.4 million - resolve allegations that the hospitals overcharged Medicare between 2000 and 2008 when performing kyphoplasty, a procedure used to treat certain spinal fractures.

read more...
May17 5/17/2010 1:33:00 PM by Kevin Tampone

 

Wilber Corp. (NYSE AMEX: GIW) earned $1.8 million in the first quarter, up more than 64 percent from a year earlier.

Earnings per share in the period totaled 16 cents, up from 10 cents a share in the first quarter of 2009. The increase came mainly from a rise in net interest income and a lower loan-loss provision, according to the company.

read more...
May17 5/17/2010 11:00:00 AM by Kevin Tampone

ENDICOTT — Visions Federal Credit Union (Visions FCU), a major player in Central New York, is now entering the Rochester area.

read more...
May17 5/17/2010 11:00:00 AM by Eric Reinhardt

CHITTENANGO — General Motors Corp. (GM) has reauthorized its franchise agreement with Sun Chevrolet, Inc. of Chittenango, allowing the dealership to resume selling new cars. 
As of May 6, Sun Chevrolet had rejoined the GM dealership network and can now provide factory-warranty service on new and used cars.

read more...
May17 5/17/2010 11:00:00 AM by Journal Staff

SYRACUSE — Carrols Restaurant Group, Inc. (NASDAQ: TAST), parent company of Carrols Corp., reported net income of $2.3 million, or 11 cents a share, in the first quarter. That’s down 54 percent from $5 million, or 23 cents, in the year-earlier period.

read more...
May17 5/17/2010 11:00:00 AM by David John Marotta

The old stock-market adage “Sell in May and stay away” suggests you can avoid risk and increase return by getting out of the markets during the summer.

read more...
May17 5/17/2010 11:00:00 AM by Eric Reinhardt

Boosted by a key tax credit for home buyers and low interest rates, sales of previously owned homes rebounded across the state and Central New York early this year.

read more...
May17 5/17/2010 11:00:00 AM by Reid Goldsborough

Electronic commerce, or e-commerce, is becoming more and more mainstream for more and more people. Ordering products online for many consumers is just another way of shopping.

read more...
May17 5/17/2010 11:00:00 AM by Journal Staff

SYRACUSE — The Health Advancement Collaborative of Central New York (HAC-CNY), the regional health-information organization (RHIO) connecting medical providers across Central New York, has selected a San Jose, Calif.–based company to provide the technology for its health-information exchange (HIE).

read more...
May17 5/17/2010 11:00:00 AM by Mike Brown

“It is difference of opinion that makes horse races,” said Mark Twain. So it’s not surprising that now and then I come across a patent for something in which I, personally, wouldn’t have been much interest.

read more...
May17 5/17/2010 11:00:00 AM by Eric Reinhardt

CICERO — New York Compensation Managers (NYCM) has launched a new training program for supervisors in its construction and contracting trust.

read more...
May17 5/17/2010 11:00:00 AM by Eric Reinhardt

MARCELLUS — Saying the scope of its services had grown beyond insurance, the owners of an 81-year-old family business believed it should have a name that reflects its full range of products.

read more...
May17 5/17/2010 11:00:00 AM by Harold Miller

A classic story is told in the hallowed halls of Harvard Business School, about an immigrant who lands on our shores with but a few dollars in his pocket. He promptly goes to a newsstand and buys a few newspapers for 5 cents (this is an old story) and goes to a busy intersection peddling them for 10 cents to passing motorists on their way to work.

read more...
May17 5/17/2010 11:00:00 AM by Tom Morgan

‘Tis a mystery to me why so much of mainstream media follows the lemmings over the cliff.

read more...
May17 5/17/2010 11:00:00 AM by

ADVERTISING AGENCIES

Pinckney Hugo Group was featured in the May 2010 issue of Website Magazine. The article, “Managing Website Redesigns,” focuses on the significance of using a comprehensive redesign process to strategically address a website redesign.

read more...
May17 5/17/2010 11:00:00 AM by Maria Carbonaro

NEW HARTFORD — M. Griffith Investment Services, Inc. has a 63-year history, and it has also made some history along the way.

read more...
May17 5/17/2010 11:00:00 AM by Traci DeLore

VERONA — In just a few short weeks, golfers at Turning Stone will be able to enjoy a cold beer after playing 18 holes. Diners at the resort’s restaurants can have a glass a wine with dinner. And people gambling, or watching a show in the Event Center, can kick back with a cocktail.
It’s all because catering company CD Food and Beverage, an affiliate of The Beeches of Rome, received a liquor license from the state. And it’s a big, big deal at the resort, which struggled for a decade to find a way to easily bring alcohol to the property when the odds were stacked against it.

read more...
May17 5/17/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — The Project ION internship program will use $50,000 from the KeyBank Foundation to upgrade its website.

Launched five years ago, Project ION aims to connect area college students with local companies for internships. The effort’s website (www.project-ion.com) is the main gateway for students, colleges, and businesses.

read more...
May17 5/17/2010 11:00:00 AM by Traci DeLore

MARCY — The parent company of Big Frog 104 and several other local radio stations has emerged from bankruptcy with a new name and a new owner.

read more...
May17 5/17/2010 11:00:00 AM by Traci DeLore

UTICA — The sweeping national health-care legislation signed into law by President Obama on March 23 has some immediate effects on employers. But with most changes years out, employers shouldn’t panic, according to one local employee-benefits expert.

read more...
May17 5/17/2010 11:00:00 AM by Journal Staff

The Independent Insurance Agents & Brokers of New York, Inc. (IIABNY) honored a past chairman, an association executive, an industry and legislative activist, and a local agents’ group at its 2010 Leadership Dinner on May 5.

read more...
May17 5/17/2010 11:00:00 AM by Journal Staff

NEW HARTFORD — Gilroy Kernan & Gilroy (GKG) is the best small company to work for in New York, according to the 2010 Best Companies to Work For awards.

read more...
May17 5/17/2010 11:00:00 AM by


ADVERTISING AGENCIES

The Mohawk Valley Advertising Club has chosen Katie Ullman, account representative/PR director at Romanelli Communications, its Advertising Person of the Year for 2010. Ullman majored in advertising design at Syracuse University, and has worked for Wolf Group Rochester (now Partners and Napier), and Marc USA, Pittsburgh.

read more...
May17 5/17/2010 10:46:00 AM by Adam Rombel

 

New York manufacturers say the pace of the industry's expansion is slowing, according to the latest Empire State Manufacturing Survey report, which the Federal Reserve Bank of New York issued this morning.

read more...
May14 5/14/2010 5:40:00 PM by Eric Reinhardt

A new survey finds challenging times for upstate New York's construction firms, and a small-business advocacy group joins a lawsuit against the federal health-care reform law. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May14 5/14/2010 3:34:00 PM by Traci DeLore

 

Bluestone Boiler Corp. is the winner of this year's Mohawk Valley Emerging Business Competition.

The company is a manufacturer of environmentally friendly wood gasification boilers for residential use. Mohawk Valley EDGE announced the winner at today's Leading EDGE Awards luncheon.

read more...
May14 5/14/2010 1:22:00 PM by Eric Reinhardt

 

The National Federation of Independent Business (NFIB) today announced it is joining a lawsuit challenging the constitutionality of the federal health-care reform law.
More than 20 states are already part of the legal action against the law, officially known as the Patient Protection and Affordable Care Act.
read more...
May14 5/14/2010 12:53:00 PM by Kevin Tampone

 

A new survey from The Bonadio Group says upstate New York's construction industry is facing challenging times.

Bonadio released its 2010 Upstate New York Contractors State of the Industry Study today. The Rochester-based accounting firm, which has an office in Syracuse, released its last construction industry survey in 2008.

read more...
May13 5/13/2010 1:52:00 PM by Kevin Tampone

 

 

Shareholders of Alliance Financial Corp. (NASDAQ: ALNC) defeated a proposal Tuesday that sought to change the way the banking company elects its board of directors.

Gerald Armstrong, a shareholder activist based in Denver, submitted the proposal. Armstrong has filed hundreds of shareholder proposals on topics like governance and pay since the 1960s.

read more...
May13 5/13/2010 1:28:00 PM by Kevin Tampone

 

Five Syracuse-area companies will be among the 20 early-stage firms to present at this year's SmartStart UNYTECH Venture Forum.
The annual event, presented by the Albany-based Center for Economic Growth (CEG), will take place May 17 and 18 at the Sheraton University Conference Center in Syracuse. The 20 companies chosen to present their business plans at the event will pitch their ideas to venture capitalists and other potential investors.
read more...
May12 5/12/2010 5:43:00 PM by Eric Reinhardt

Remington Arms is adding employees in Ilion, and Beacon Federal triples its first-quarter profit. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May12 5/12/2010 12:57:00 PM by Traci DeLore

 

Remington Arms is adding 100 new jobs at its Ilion plant as its parent company, Freedom Group, Inc., shutters a plant in Connecticut.

To prepare for an increased work force, the 194-year-old Ilion plant will undergo a $5.9 million facelift over the next two years including building improvements and new equipment, according to the company. The transition should be complete by June 2011 and cost the company about $8.4 million in severance and moving costs.

read more...
May12 5/12/2010 10:23:00 AM by Kevin Tampone

 

Carrols Restaurant Group, Inc. (NASDAQ: TAST), parent company of Carrols Corp., earned $2.3 million in the first quarter, down 54 percent from a year earlier.

Syracuse-based Carrols is a major franchisee of Burger King locations and also runs the Pollo Tropical and Taco Cabana chains. It operates 558 company-owned restaurants in 17 states and 33 franchise sites in the United States, Puerto Rico, Ecuador, Honduras, Trinidad, and the Bahamas.

read more...
May12 5/12/2010 9:51:00 AM by Kevin Tampone

 

Profit at Beacon Federal Bancorp, Inc. (NASDAQ: BFED) tripled in the first quarter to $1.3 million, or 21 cents per share.

The DeWitt-based banking company earned $436,000, or 6 cents a share, in the first quarter of 2009. The company released its first-quarter results Tuesday.

read more...
May11 5/11/2010 5:54:00 PM by Eric Reinhardt

Harris Beach has opened a new law office and welcomed a former candidate for governor to its staff. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May11 5/11/2010 3:53:00 PM by Eric Reinhardt

 

Auditors in the office of New York State Comptroller Thomas DiNapoli stopped or uncovered about $81 million in improper or fraudulent state payments in 2009, the office said today.

DiNapoli's office is responsible for auditing all state payments, including unemployment benefits, workers' compensation claims, and tax refunds.

read more...
May11 5/11/2010 3:24:00 PM by Kevin Tampone

 

PLS Solutions, Inc., the holding company for Polaris Library Systems, has a new chairman.

The company announced today that James Carrick, former president and CEO of Strategic Computer Solutions (SCS), will lead its board of directors. PLS Solutions formed in December 2009 as a vehicle for the acquisition of Polaris by a group led by the company's managers.

read more...
May11 5/11/2010 2:16:00 PM by Kevin Tampone

 

Harris Beach, PLLC opened a new office in Uniondale on Long Island last week.
It's the second new office for the Rochester-based law firm this year. In March, Harris Beach added an office in White Plains.
Long Island attorneys joining Harris Beach as partners are Robert Chanis, Thomas Garry, William Garry, and Andrew Komaromi. Former Nassau County Executive Thomas Suozzi is also joining the firm as of counsel.
read more...
May10 5/10/2010 5:59:00 PM by Eric Reinhardt

A merged economic-development organization releases its new name, and a Brazilian firm adds to its offer to take over a Southern Tier company. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May10 5/10/2010 2:59:00 PM by Eric Reinhardt

 

Rural/Metro Corp. (NASDAQ: RURL) earned $3.8 million, or 15 cents per diluted share, in its fiscal 2010 third quarter, which ended March 31.

The figures compare to net income of $1 million, or earnings per share of 4 cents, during the same period in 2009.

read more...
May10 5/10/2010 2:42:00 PM by Kevin Tampone

 

The merged Greater Syracuse Chamber of Commerce and Metropolitan Development Association of Syracuse and Central New York will be known as the CenterState Corporation for Economic Opportunity (CenterState CEO).

The inaugural meeting of the new organization took place today at the Nicholas J. Pirro Convention Center at Oncenter. About 1,000 people attended.

read more...
May10 5/10/2010 1:38:00 PM by Traci DeLore

 

Industrias Romi S.A., the Brazilian company trying to acquire machine-tool company Hardinge, Inc., upped the ante today by increasing its takeover bid to $10 a share.

Hardinge's board of directors is reviewing the offer and will make a recommendation to shareholders within 10 days, according to a company press release.

read more...
May10 5/10/2010 11:00:00 AM by Traci DeLore

CONKLIN — As the economy recovers, more consumers are heading outside for camping and other recreational activities, which is good news for outdoor-product manufacturer Johnson Outdoors, Inc.

read more...
May10 5/10/2010 11:00:00 AM by Traci DeLore

BINGHAMTON — Sonostics, Inc., which recently landed a wholesale distribution deal with a California company, is on track to bring its first product to market by the end of this year.

read more...
May10 5/10/2010 11:00:00 AM by Eric Reinhardt

HORSEHEADS — Cameron Man-ufacturing & Design of Horseheads, a firm that specializes in custom sheet-metal fabrications and machined parts, is supporting an effort  to bring a grid-electrode precipitator (GEP) to market.

read more...
May10 5/10/2010 11:00:00 AM by Traci DeLore

BINGHAMTON — Chianis + Anderson Architects hopes to land some new clients in the Capital District with its new office at 1716 Central Ave. in Albany.

read more...
May10 5/10/2010 11:00:00 AM by Traci DeLore

ELMIRA — Sales fell 17 percent in the first quarter at Hardinge Inc., a machine cutting-tool maker, which reported a net loss of $5.2 million, or 45 cents per share.

read more...
May10 5/10/2010 11:00:00 AM by Traci DeLore

NORWICH — NBT Bancorp’s first-quarter earnings were better than expected by at least one analyst, who predicts an equally strong second quarter for the upstate New York bank.

read more...
May10 5/10/2010 11:00:00 AM by Kevin Tampone

The economy is recovering, but it’s doing so slowly, the CFO of M&T Bank Corp. (NYSE: MTB) said.

read more...
May10 5/10/2010 11:00:00 AM by Kevin Tampone

Chemung Financial Corp. earned $2 million in the first quarter, up from $1.7 million in the first quarter of 2009.

read more...
May10 5/10/2010 11:00:00 AM by

BANKING & FINANCE

The board of First Niagara Financial Group, parent company of First Niagara Bank, announced the election of Barbara S. Jeremiah to a three-year term as a member of the board of directors. Jeremiah has served as an officer and director of Fortune 500 corporations, other public companies, and other leading institutions. She served as executive vice president, corporate development for Alcoa Inc. Currently, she is a director for Allegheny Technologies, Inc. and of EQT Corp.

read more...
May10 5/10/2010 11:00:00 AM by Erin Zehr

SYRACUSE — A program launched with the help of students and professors at Syracuse University (SU) could soon spread entrepreneurial training throughout Africa.

read more...
May10 5/10/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — Less than a year after launching, the New York Family Business Center already has 18 members and has held several successful events, its executive director says.

read more...
May10 5/10/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — The Syracuse district office of the U.S. Small Business Administration (SBA) has moved to a smaller space in another building in downtown Syracuse.

read more...
May10 5/10/2010 11:00:00 AM by Eric Reinhardt

The effect of the new health-care reform law decreased first-quarter earnings per share at Bristol-Myers Squibb Co. (NYSE: BMY) by about 3 cents, but that didn’t stop the pharmaceutical manufacturer from growing profit by 16.5 percent.

read more...
May10 5/10/2010 11:00:00 AM by Kevin Tampone

DeWITT — Although sales at Anaren, Inc. (NASDAQ: ANEN) slipped in the company’s fiscal third quarter, profit rose more than 31 percent from a year earlier.

read more...
May10 5/10/2010 11:00:00 AM by Ernest Nicastro

It offers many lessons for business today

It is a crisp, clear autumn afternoon, about 1:30. A full sun hangs in a bright, blue sky. A large crowd mills about.

read more...
May10 5/10/2010 11:00:00 AM by Reid Goldsborough

One of the greatest benefits of the Internet is the way it lets people around the world easily communicate with one another. A great many people discuss a great many things using a great many words.

read more...
May10 5/10/2010 11:00:00 AM by Traci DeLore

ONEONTA — Higher interest earnings and fewer faulty loans boosted income at The Wilber Corp., parent company of Wilber National Bank, by 64 percent in the first quarter of 2010.

read more...
May10 5/10/2010 11:00:00 AM by Eric Reinhardt

Universal American Corp. (NYSE:UAM), a Rye Brook–based health insurer that provides Medicare coverage for more than 2 million people nationwide, has appointed Peter Nicola as executive director of its Today’s Options Medicare Advantage health plans for the North Country market of New York.

read more...
May10 5/10/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — With the new national health-care reform law signed into law, Central New York employers will face new health-care coverage requirements in the coming years as well as some immediate tax changes.

read more...
May10 5/10/2010 11:00:00 AM by Eric Reinhardt

DeWITT — What is considered an “excessive” profit margin for New York health-insurance companies?

read more...
May10 5/10/2010 11:00:00 AM by Eric Reinhardt

Upstate New York’s not-for-profit health-insurance firms recently joined forces to say they will allow young adults to remain covered by their parents’ health-care plan until a new federal regulation takes effect in the fall.

read more...
May10 5/10/2010 11:00:00 AM by

CAYUGA MEDICAL CENTER

Cayuga Medical Center (CMC) has announced the opening of the Cayuga Heart Institute. The new center offers comprehensive cardiac services in one location.

read more...
May10 5/10/2010 11:00:00 AM by Norm Poltenson

America entered its economic coma around 1965. Until that point, federal-tax revenues and expenditures in peacetime were generally parallel.

read more...
May10 5/10/2010 11:00:00 AM by Dan Danner

It’s conventional wisdom these days: Many people are frustrated, even angry, with government and other major sectors of society [such as big business and Wall Street.]

read more...
May10 5/10/2010 11:00:00 AM by

ADVERTISING AGENCIES

Pinckney Hugo Group has hired Mariel Keppler as an interactive art director and Meriel McCaffery as an administrative assistant.

read more...
May10 5/10/2010 11:00:00 AM by Brandon Talbot

SYRACUSE — The Pupil Transportation Safety Institute, Inc. (PTSI), a Syracuse–based nonprofit that provides educational programming for transportation providers, finished fiscal year 2009 with total revenue of $917,000, a $430,000 decline from 2008 revenue, according to its IRS Form 990. The shortfall stems from a decline in program service revenue.

read more...
May7 5/7/2010 6:03:00 PM by Eric Reinhardt

Tops Friendly Markets has announced it will spend $90 million over two years to rebrand its former Penn Traffic stores. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

 

read more...
May7 5/7/2010 3:26:00 PM by Kevin Tampone

 

The confidence level of upstate New York consumers rose 3.8 points in April to 62.8, according to the Siena Research Institute.

The institute, located at Siena College, released its monthly consumer confidence numbers for New York today.

read more...
May7 5/7/2010 1:05:00 PM by Eric Reinhardt

 

Tops Friendly Markets today announced it will spend $90 million over two years on capital improvements to former Penn Traffic stores as its rebrands those locations under the Tops name.

Tops President and CEO Frank Curci spoke to reporters today at the P&C location at 5351 N. Burdick St. in Fayetteville Towne Center.

read more...
May7 5/7/2010 6:58:00 AM by Traci DeLore

 

The state Liquor Authority on Thursday approved a liquor license for CD Food and Beverage, Inc. to serve alcohol at Turning Stone Resort and Casino.

The license ends years of event-only catering permits for alcoholic services or the days of bring-your-own-bottle at the Oneida Indian Nation-owned property.

read more...
May6 5/6/2010 5:58:00 PM by Eric Reinhardt

The state pension fund is investing in New York mortgages, and a website that reports on social media this week featured a local startup company. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May6 5/6/2010 3:46:00 PM by Kevin Tampone

 

The KeyBank Foundation is donating $50,000 to an internship program aimed at connecting area companies with local students.

Project ION will use the money to relaunch its website, www.project-ion.com. Upgrades include new design, social media integration, and an expanded footprint reaching 21 counties, 48 colleges, and 210,000 students.

read more...
May6 5/6/2010 2:39:00 PM by Eric Reinhardt

 

The New York State Common Retirement Fund is investing an additional $500 million in New York mortgages currently provided by Fannie Mae.
New York State Comptroller Thomas DiNapoli made the announcement today.
read more...
May6 5/6/2010 2:35:00 PM by Traci DeLore

 

The U.S. Small Business Administration, the New York Business Development Corporation, area lenders, and economic developers will honor small businesses from across New York specializing in a variety of industries from manufacturing to medical practices at the 12th annual Small Business Excellence Awards luncheon May 7.

read more...
May6 5/6/2010 2:33:00 PM by Kevin Tampone

 

Mashable.com, a major website covering social media, featured a local technology startup on its front page yesterday.

The site ran a story on Syracuse-based Brand-Yourself.com, which recently closed $275,000 in seed financing. Brand-Yourself was a participant in the Syracuse Tech Garden's student sandbox program last year and recently moved into the facility as a regular tenant.

read more...
May6 5/6/2010 12:10:00 PM by Traci DeLore

 

Sales fell 17 percent in the first quarter at Hardinge, Inc., a machine cutting-tool maker, which reported a net loss of $5.2 million, or 45 cents per share.

Sales declined from $52.1 million in the first quarter of 2009 to $43.2 million this year, on temporary supply chain shortages for computer controls and logistical delays in large turnkey orders that required customer run-offs. That led to about $3 million in deferred sales revenue, the company said.

read more...
May6 5/6/2010 11:51:00 AM by Traci DeLore

 

Oneida County Executive Anthony Picente, Jr. wants the state Liquor Authority to approve a license that would allow a new catering company to serve alcohol at Turning Stone Resort and Casino.

In a May 3 letter to Liquor Authority Chairman Dennis Rosen, Picente wrote, "As the chief elected official of Oneida County, I am writing in support of the license application of CD Food and Beverage, Inc. It is for a variety of reasons that will have a profound effect on this region and Oneida County that I offer my support."

read more...
May5 5/5/2010 5:58:00 PM by Eric Reinhardt

The federal government is helping to pay for the development of a regional-economic plan, and a new survey focuses on women business owners and customer service. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May5 5/5/2010 3:04:00 PM by Eric Reinhardt

 

The Central New York Regional Planning and Development Board will receive $70,000 in federal funding for future economic planning.

The U.S. Economic Development Administration announced the funding today, according to the office of U.S. Sen. Kirsten Gillibrand.

read more...
May5 5/5/2010 1:02:00 PM by Traci DeLore

 

A new survey shows that while women business owners regard customer retention and customer service as top priorities, most aren't taking advantage of the full range of customer-loyalty programs and many don't have formal customer service plans.

The survey, conducted by Key4Women/Forbes Insight, showed that 69 percent of respondents agreed that improving customer service is critical to recovery following the recession, but only 18 percent had formal, company-wide customer-service strategies. About 55 percent said they handle customer service on a case-by-case basis.

read more...
May5 5/5/2010 1:01:00 PM by Kevin Tampone

 

Sensis Corp. technology is now being used to supplement radar coverage in an area around Juneau, Alaska.

Mountains in the area around the Juneau International Airport make long-range radar ineffective below 10,000 feet, according to Sensis. The company's Wide Area Multilateration system uses sensors to triangulate aircraft positions based on transponder signals.

read more...
May4 5/4/2010 5:50:00 PM by Eric Reinhardt

A Canadian firm acquires the PRS Group, Inc. of DeWitt, and a report says the use of generic drugs is saving upstate New Yorkers millions. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May4 5/4/2010 3:00:00 PM by Kevin Tampone

 

The PRS Group, Inc. of DeWitt has been acquired by Gavea Emerging Markets Corp. of Vancouver, British Columbia.

PRS launched in 1979 and specializes in political and country risk analysis for international business. The firm says its publications monitor and analyze the political, economic, and financial risks to businesses in 160 countries.

read more...
May4 5/4/2010 1:37:00 PM by Eric Reinhardt

 

Patients in upstate New York saved an estimated $127 million in 2009 through the use of generic drugs as alternatives to brand-name drugs.
Estimated savings in the Central New York region totaled more than $31 million.

Both figures are part of an updated analysis of prescription patterns that Excellus BlueCross BlueShield (BCBS) released today.

read more...
May4 5/4/2010 1:35:00 PM by Eric Reinhardt

 

Bristol-Myers Squibb Co. (NYSE: BMY) today announced its board of directors authorized the repurchase of up to $3 billion of its common stock.

The decision reflects the company's strong financial position, including cash and marketable securities of $9.8 billion at the end of the first quarter, the company said.

read more...
May3 5/3/2010 5:40:00 PM by Eric Reinhardt

The Syracuse office of the U.S. Small Business Administration has moved into a smaller space, and the first-quarter profit at Oneida Financial Corp. declines. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
May3 5/3/2010 3:20:00 PM by Eric Reinhardt

 

U.S. Sen. Kirsten Gillibrand today urged the CEO of Continental Airlines to avoid cutting flight service in upstate New York.

United Airlines (NASDAQ: UAUA) and Continental (NYSE: CAL) announced earlier today they will merge in a deal worth $3.2 billion, creating the world's largest airline. In the deal, Continental shareholders will receive 1.05 shares of United common stock for each Continental common share they own.

read more...
May3 5/3/2010 3:02:00 PM by Eric Reinhardt

 

The Syracuse district office of the U.S. Small Business Administration (SBA) has moved to a smaller space in a new building in downtown Syracuse.
The agency now operates in a 3,600-square-foot space in the Syracuse Building at 224 Harrison St. The SBA previously operated in a 7,800-square-foot space at 401 S. Salina St.
read more...
May3 5/3/2010 2:18:00 PM by Traci DeLore

 

Investment and loan losses, along with increased expenses, took a toll on first-quarter earnings at Oneida Financial Corp. (NASDAQ: ONFC), the parent company of The Oneida Savings Bank.

The company reported first-quarter net income of $627,000, or 8 cents per share, down from $1.1 million, or 14 cents per share, a year ago.

read more...
May3 5/3/2010 11:00:00 AM by Erinc Reinhardt

SYRACUSE — The Clean Tech Center at downtown Syracuse’s Tech Garden has admitted five new firms into its clean-energy business-development program.

read more...
May3 5/3/2010 11:00:00 AM by Kevin Tampone

Leaders at First Niagara Financial Group, Inc. (NASDAQ: FNFG) say they are happy with the progress of their two major Pennsylvania acquisitions and are still on the lookout for more deals.

read more...
May3 5/3/2010 11:00:00 AM by Mike Brown

What do Mr. Clean, Speedy Alka Seltzer, Cap’n Crunch, Charlie the Tuna, and Betty Crocker have in common? All of them are spokespeople for major companies — Proctor & Gamble, Bayer, Quaker Oats, Star-Kist, and General Mills respectively — and none of them is a real person.

read more...
May3 5/3/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — Since launching in 2007, the commercial division of state Supreme Court in Onondaga County has proven popular with companies.

read more...
May3 5/3/2010 11:00:00 AM by Eric Reinhardt

U.S. Senator Kirsten Gillibrand (D–N.Y.) is supporting two bills that would create incentive programs to help renovate buildings and homes to make them more energy efficient.

read more...
May3 5/3/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — Students protesting Jamie Dimon’s Commencement speech at Syracuse University (SU) say they’re not done yet.

read more...
May3 5/3/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — Unless they pay very close attention to the proxy filings of public companies, most people probably haven’t heard of Gerald Armstrong.

read more...
May3 5/3/2010 11:00:00 AM by Kevin Tampone

The economy is recovering, but it’s doing so slowly, the CFO of M&T Bank Corp. (NYSE: MTB) said.

read more...
May3 5/3/2010 11:00:00 AM by Kevin Tampone

KeyCorp’s (NYSE: KEY) loss from continuing operations attributable to common shareholders shrank to $98 million in the first quarter, a trend the company’s CEO said is encouraging.

read more...
May3 5/3/2010 11:00:00 AM by Greg Jennings

The second phase of the Credit Card Accountability, Responsibility and Disclosure Act of 2009, or Credit CARD Act, went into effect on Feb. 22, 2010. As the broadest of the four phases, this round addresses 22 significant changes regarding fees, credit terms, and policies. One of those changes deals with the issuance of credit cards to people under the age of 21.

read more...
May3 5/3/2010 11:00:00 AM by Kevin Tampone

DeWITT — Better margins, more fee income, and lower expenses helped push profit up nearly 34 percent in the first quarter at Community Bank System, Inc. (NYSE: CBU).

read more...
May3 5/3/2010 11:00:00 AM by Adam Rombel

A new survey by the National Association for Business Economics (NABE) found that 73 percent of member economists surveyed believe the $787 billion federal-stimulus package passed last year has had no impact on job creation.

read more...
May3 5/3/2010 11:00:00 AM by John Lombardo

In a letter to Republican Congressman Albert Lewis Miller, Gen. Douglas MacArthur stated, “Like Abraham Lincoln, I am a firm believer in the people, and, if given the truth, they can be depended upon to meet any national crisis.”

read more...
May3 5/3/2010 11:00:00 AM by


ADVERTISING AGENCIES

Eric Mower and Associates (EMA) has promoted Nicole M. LeClair to senior account supervisor, Pump Digital & Direct.

read more...
May3 5/3/2010 11:00:00 AM by Traci DeLore

MARCY — The degree programs aren’t new, but SUNY Institute of Technology at Utica-Rome has combined its communications-degree programs into one “fast-track” option for students to complete both a bachelor’s and master’s degree in five years.

read more...
May3 5/3/2010 11:00:00 AM by Kevin Tampone

Leaders at First Niagara Financial Group, Inc. (NASDAQ: FNFG) say they are happy with the progress of their two major Pennsylvania acquisitions and are still on the lookout for more deals.

read more...
May3 5/3/2010 11:00:00 AM by Traci DeLore

UTICA — Strong orthopedic and single-use product sales pushed first-quarter revenue up 7.5 percent to $176.4 million at ConMed Corp., which reported net income of  $7.3 million, or 25 cents per share.

read more...
May3 5/3/2010 11:00:00 AM by Traci DeLore

UTICA — With $2 million worth of “green” from the New York State Energy Research and Development Authority (NYSERDA), St. Elizabeth Medical Center is moving forward with the design and installation of a co-generation system that will save the hospital nearly $800,000 a year.

read more...
May3 5/3/2010 11:00:00 AM by Traci DeLore

NEW HARTFORD — PAR Technology Corp. (NYSE: PTC) is doing better than it was a year ago, but still relies too heavily on its single largest customer, according to one analyst that follows the company.

read more...
May3 5/3/2010 11:00:00 AM by Traci DeLore

ROME — Improved margins and gains from real-estate sales helped push Rome Bancorp, Inc. to record earnings of $1.15 million, or 18 cents a share, in the first quarter.

read more...
May3 5/3/2010 11:00:00 AM by Kevin Tampone

NORWICH — NBT Bancorp’s first-quarter earnings were better than expected by at least one analyst, who predicts an equally strong second quarter for the upstate New York bank.

read more...
May3 5/3/2010 11:00:00 AM by Kevin Tampone

The economy is recovering, but it’s doing so slowly, the CFO of M&T Bank Corp. (NYSE: MTB) said.

read more...
May3 5/3/2010 11:00:00 AM by

CONSTRUCTION

The Central New York Chapter of the American Concrete Institute recently held its 2009 Masonry and Concrete Awards Ceremony.

read more...
Apr30 4/30/2010 5:55:00 PM by Eric Reinhardt

A Syracuse law firm relocates its Boston office, and SUNY's Small Business Development Center will use federal funding to encourage energy efficiency. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR.

read more...
Apr30 4/30/2010 3:21:00 PM by Kevin Tampone

 

Law firm Hiscock & Barclay, LLP is relocating its Boston office to new space in the city's financial district.
The new office is located in 6,500 square feet on the 26th floor of One International Place. The office was previously located at 50 Federal St. The firm first opened a location in Boston in 2008.
read more...
Apr30 4/30/2010 3:05:00 PM by Eric Reinhardt

 

The Small Business Development Center (SBDC) at the State University of New York (SUNY) is among seven centers receiving a grant of $125,000 to help small businesses become more energy efficient.

The U.S. Small Business Administration (SBA) announced the funding today.

read more...
Apr30 4/30/2010 1:29:00 PM by Kevin Tampone

 

Chemung Financial Corp. earned $2 million in the first quarter, up from $1.7 million in the first quarter of 2009.

Earnings per share totaled 55 cents, up 14.6 percent from a year earlier.

read more...
Apr29 4/29/2010 5:56:00 PM by Eric Reinhardt

Bristol-Myers Squibb blames the health-care reform legislation for its reduced earnings per share, and ConMed of Utica posts a third-quarter profit. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Apr29 4/29/2010 4:34:00 PM by Kevin Tampone

 

Anaren, Inc. (NASDAQ: ANEN) announced today it earned $4.6 million in its fiscal third quarter, up more than 31 percent from a year earlier.
Earnings per share totaled 32 cents, up from 25 cents in the third quarter of 2009. Net sales for the period totaled $42.2 million, down 3 percent from the same period a year ago.
read more...
Apr29 4/29/2010 1:58:00 PM by Eric Reinhardt

 

The effect of the new health-care reform law decreased first-quarter earnings per share at Bristol-Myers Squibb Co. (NYSE: BMY) by about 3 cents, the company said today in releasing its financial results.

Higher rebates to Medicaid and Medicaid managed-care organizations reduced the drug maker's earnings per share by 2 cents. Bristol-Myers also faced a one-time, 1 cent per share charge due to the elimination of the tax deductibility of a portion of the company's retiree health-care costs.

read more...
Apr29 4/29/2010 10:48:00 AM by Traci DeLore

 

Improved margins and gains from real-estate sales helped push earnings at Rome Bancorp, Inc. (NASDAQ: ROME) to a record of $1.1 million, or 18 cents a share, for the first quarter.

The results, up from $707,000, or 11 cents per share, a year earlier, led one analyst to upgrade the company's stock from hold to buy.

read more...
Apr29 4/29/2010 10:47:00 AM by Traci DeLore

 

Strong orthopedic and single-use product sales pushed first-quarter revenue up 7.5 percent to $176.4 million at ConMed Corp., which also reported net income of $7.3 million, or 25 cents per share.

That's up from $4.5 million, or 15 cents, a year ago, but missed analyst expectations of 26 cents per share in earnings and revenue of $179.2 million. Investors sold off ConMed (NASDAQ: CNMD) shares in the immediate aftermath of the earnings report with the stock falling more than 8 percent in trading this morning.

read more...
Apr28 4/28/2010 5:54:00 PM by Eric Reinhardt

Welch Allyn acquires a New Jersey company, and the Clean Tech Center in Syracuse accepts five new firms for a business-development program. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Apr28 4/28/2010 2:47:00 PM by Traci DeLore

 

New legislation signed into law today could mean hundreds of new jobs at Remington Arms, which employs 900 people at its Ilion gun-manufacturing plant.

The new law, signed by Gov. David Paterson, amends existing statutes to allow firearms manufacturers to build, possess, transport, and dispose of gun silencers for governmental and law-enforcement use.

read more...
Apr28 4/28/2010 2:46:00 PM by Eric Reinhardt

 

The firm working to turn the former Mail and Freight Depot on Burnet Avenue in Syracuse into an alternative fueling hub is among the latest companies admitted into a development program for clean energy businesses.

EvPlugSite is one of five firms that will join the Clean Tech Center at downtown Syracuse's Tech Garden. The companies, announced today, join nine firms the Clean Tech Center admitted in December.

read more...
Apr28 4/28/2010 2:45:00 PM by Kevin Tampone

 

Technology developed in Syracuse will soon land in a 50,000-square-foot entertainment venue in Jacksonville, Fla.

Latitude 30, LLP today announced a partnership with Wireless Grids Corp., a company founded in Syracuse and based on research done at Syracuse University. Latitude 30 is a multi-venue dining and entertainment location with a restaurant, sports bar, bowling, billiards, cinema, and more.

read more...
Apr28 4/28/2010 2:43:00 PM by Kevin Tampone

 

A Liverpool High School student took top honors Tuesday in a competition for the best student business idea in the region.

Ben Zenker, a sophomore at Liverpool High School, won $6,000 in the Central Upstate Regional Alliance's Student Business Idea Competition. The contest is part of the New York's Creative Core $200,000 Emerging Business Competition, which is sponsored by M&T Bank and the New York Business Development Corp.

read more...
Apr28 4/28/2010 11:39:00 AM by Kevin Tampone

 

Medical device manufacturer Welch Allyn has acquired the assets of a New Jersey-based producer of blood pressure cuffs and other products.

Welch Allyn, based in Skaneateles Falls, announced the deal April 27. The company acquired the assets of Trimline Medical Products Corp. of Branchburg, N.J. The acquisition closed April 26.

read more...
Apr27 4/27/2010 5:56:00 PM by Eric Reinhardt

The profit at PAR Technology of New Hartford more than doubles, and a PAR subsidiary will test a tire-inflation system on a Broome County company. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Apr27 4/27/2010 3:30:00 PM by Traci DeLore

 

Profit rose 6 percent to $1.08 million, or 36 cents a share, at Elmira Savings Bank (NASDAQ: ESBK) in the first quarter.

That's up from $1.02 million, or 37 cents a share, a year ago.

read more...
Apr27 4/27/2010 2:20:00 PM by Eric Reinhardt

 

PAR Logistics Management Systems of Rome will use the truck fleet of Willow Run Foods, Inc. in southern Broome County to test a system meant to reduce fuel use through enhanced monitoring of tire inflation.

PAR Logistics will use a $500,000 contract from the New York State Energy Research and Development Authority (NYSERDA) to conduct the testing.

read more...
Apr27 4/27/2010 1:38:00 PM by Traci DeLore

 

Sales fell in the first quarter at PAR Technology Corp. (NYSE: PTC), but the company still netted more profit than it did for the same period last year.

First-quarter sales revenue, at $58.1 million, dropped 4 percent over last year's figure. Net income for the period rose 136 percent to $582,000, or 4 cents per share, compared to $247,000, or 2 cents a share, in 2009.

read more...
Apr27 4/27/2010 1:36:00 PM by Traci DeLore

 

NORWICH - Earnings are up at NBT Bancorp (NASDAQ: NBTB), which reported net income of $14 million for the first quarter of 2010.

Profit was up 6.9 percent from $13.1 million, compared to last year, while earnings per share increased from 40 cents to 41 cents.

read more...
Apr26 4/26/2010 5:53:00 PM by Eric Reinhardt

Community Bank System and First Niagara Financial Group post profits in the first quarter. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Apr26 4/26/2010 3:01:00 PM by Eric Reinhardt

 

New York is eligible to submit a request for funding through the U.S. Small Business Administration (SBA) to support technology-driven small businesses.

Each state is allowed to submit one proposal through the SBA's Federal and State Technology (FAST) program, the agency said.

read more...
Apr26 4/26/2010 12:04:00 PM by Kevin Tampone

 

Net income at Community Bank System, Inc. (NYSE: CBU) rose 33.8 percent in the first quarter to $14 million.
Earnings per share totaled 42 cents, up from 32 cents a share in the first quarter of 2009. Analysts were expecting earnings of 37 cents a share.
read more...
Apr26 4/26/2010 11:53:00 AM by Kevin Tampone

 

Profit at First Niagara Financial Group, Inc. (NASDAQ: FNFG) rose more than 54 percent in the first quarter to $28.9 million, or 16 cents a share.

That compares to net income of $18.7 million, or 14 cents a share, in the first quarter of 2009. Excluding nonrecurring items like acquisition and integration costs, net income was $32.6 million, or 18 cents a share, up from $21.5 million, or 19 cents a share, a year earlier.

read more...
Apr26 4/26/2010 11:00:00 AM by Norman Poltenson

 

Social Security is on the road to financial collapse. No matter how well intentioned, we can’t sustain the program in its current configuration without wreaking havoc to our economy. We need to put the Social Security program back on the political radar and steer a new course. Unlike Thelma and Louise, we can still have a happy ending.
 

read more...
Apr26 4/26/2010 11:00:00 AM by Kevin Tampone

DeWITT — Defenshield, Inc. doubled its sales force in April with the addition of three new sales representatives.

read more...
Apr26 4/26/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — The Entrepreneurship Bootcamp for Veterans with Disabilities (EBV), a national program that began at Syracuse University (SU), will get a major financial boost from a new partnership with PepsiCo.

read more...
Apr26 4/26/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — A mass of Harley-Davidson motorcycles will thunder into the area in early July, revving up the local economy in the process.

read more...
Apr26 4/26/2010 11:00:00 AM by Eric Reinhardt

BALDWINSVILLE — Debra Galluzzo remembers how her late grandfather, Mario Galluzzo, known as “Chef Mario,” owned and operated Lorenzo’s on South Salina Street and Mario Piccolo Bistro on James Street, both in Syracuse.

read more...
Apr26 4/26/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — When planning a client’s wedding, Jamie Owens says she can get anything from a toothpick to a helicopter.

read more...
Apr26 4/26/2010 11:00:00 AM by Eric Reinhardt

CICERO — Ann Marie Stonecypher tells anyone pursuing modeling jobs in upstate New York that they “should definitely have another source of income.”

read more...
Apr26 4/26/2010 11:00:00 AM by Ellen Leahy

SYRACUSE — Women taking center stage for a full day of thinking about business is not exactly a norm; that’s why the WISE Symposium has grown and succeeded. It’s a day to put work and family aside and focus on your thinking, while celebrating women’s success stories.

read more...
Apr26 4/26/2010 11:00:00 AM by Eric Reinhardt

CAMILLUS — Not even two years removed from his graduation from Cicero-North Syracuse (C-NS) High School, Anthony Nappa is already tackling the responsibility of operating his own business.

read more...
Apr26 4/26/2010 11:00:00 AM by John R. Graham

As the insurance organization’s marketing meeting began, the president stated, “We need more sales.” This may seem like an inappropriate comment for a marketing meeting, but it accurately expresses the confusion that exists in so many companies when it comes to marketing and sales.

read more...
Apr26 4/26/2010 11:00:00 AM by Reid Goldsborough

“The beginning of wisdom is to call things by their right names,” according to an old Chinese proverb. This isn’t always easy in the world of personal computers and the Internet, where new words seem to sprout as frequently as security-software updates.

read more...
Apr26 4/26/2010 11:00:00 AM by

ACCOUNTING

Shannon Jaskot, a tax senior for Dannible & McKee, LLP, was elected treasurer of the Skaneateles Ski Club, Inc. Jaskot has been involved in the club since January and began her career with Dannible & McKee in 2004. The Skaneateles Ski Club recently celebrated its 50th anniversary.

read more...
Apr26 4/26/2010 11:00:00 AM by Brandon Talbot

SYRACUSE — Housing Visions Unlimited, Inc., a Syracuse–based nonprofit that develops affordable housing in Central New York, will bring about 50 new buildings online this year. That will create an additional 220 housing units for low- and moderate-income individuals and families.

read more...
Apr23 4/23/2010 5:58:00 PM by Eric Reinhardt

New York home sales rise over the past 12 months. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Apr23 4/23/2010 2:58:00 PM by Traci DeLore

 

Gilroy Kernan & Gilroy (GKG) is the best small company to work for in New York, according to the 2010 Best Companies to Work For awards.

GKG one-upped the honor it received in January when it was named one of the top 40 companies to work for and was ranked in the top 25 finalists with a work force of 249 employees or less.

read more...
Apr23 4/23/2010 1:43:00 PM by Eric Reinhardt

 

Sales of existing single-family homes in New York climbed nearly 18 percent between March 2009 and March 2010 to more than 5,300 homes, according to the latest statistics from the New York State Association of Realtors (NYSAR).

For the first quarter of 2010, New York realtors sold nearly 14,000 existing single-family homes, an increase of nearly 18 percent from the 11,000 homes sold in the first quarter of 2009.

read more...
Apr22 4/22/2010 5:42:00 PM by Eric Reinhardt

The first-quarter profit at Verizon Communications falls, and two businesses provide funding for education programs. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as broadcast on NewsRadio 570 WSYR in Syracuse.

read more...
Apr22 4/22/2010 3:03:00 PM by Eric Reinhardt

 

Carrier Corp. today announced an additional $35,000 for the Sustainable Enterprise Partnership (SEP).
Carrier's total support of the partnership now totals more than $100,000, the company said in a news release.
read more...
Apr22 4/22/2010 2:30:00 PM by Kevin Tampone

 

Profit at Verizon Communications, Inc. (NYSE: VZ) fell nearly 29 percent in the first quarter to $2.3 billion.

Earnings per share totaled 14 cents, down from 58 cents in the first quarter of 2009. The results included 42 cents per share in nonoperational charges, the largest of which related to a reduction in tax benefits for retiree health care.

read more...
Apr21 4/21/2010 6:00:00 PM by Kevin Tampone

 

The Entrepreneurship Bootcamp for Veterans with Disabilities (EBV), a national program that began at Syracuse University (SU), will get a major financial boost from a new partnership with PepsiCo.

Pepsi (NYSE: PEP) announced April 21 that the boot camp will be the beneficiary of its new Dream Machine recycling initiative. The company and its partners are aiming to increase the rate of beverage-container recycling in the United States from 36 percent to 50 percent by 2018.

read more...
Apr21 4/21/2010 5:58:00 PM by Eric Reinhardt

Investors continue backing an Ithaca firm, and KeyCorp's quarterly loss declines. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Apr21 4/21/2010 2:47:00 PM by Kevin Tampone

 

KeyCorp's (NYSE: KEY) net loss from continuing operations attributable to common shareholders totaled $98 million in the first quarter.

That compares to a net loss of $507 million in the first quarter of 2009. The loss per share for the period totaled 11 cents, down from $1.03 a year earlier.

read more...
Apr21 4/21/2010 2:45:00 PM by Eric Reinhardt

 

The New York State Public Service Commission (PSC) has scheduled public hearings on a proposal by New York State Electric & Gas (NYSEG) to increase its customer rates for electricity and natural-gas delivery.

The hearings include a public-comment session at Broome County Public Library at 185 Court St. in Binghamton on April 28 from 5 p.m. to 8 p.m. Other hearings are scheduled for Rochester, Geneva, and Lancaster.

read more...
Apr21 4/21/2010 11:54:00 AM by Kevin Tampone

 

Tompkins Financial Corp. (NYSE Amex: TMP) earned $8.4 million in the first quarter, up 9.2 percent from a year earlier.

Earnings per share at the banking company totaled 78 cents, up from 72 cents in the first quarter of 2009.

read more...
Apr21 4/21/2010 11:52:00 AM by Kevin Tampone

 

Rheonix, Inc. today announced $12.6 million in new funding from a group of regional and international investors led by the Cayuga Venture Fund of Ithaca and Bill and Eric Allyn.

Rheonix, based in Ithaca, is commercializing a chip-sized microfluidic device that can be used to analyze laboratory samples. The company spun out of Ithaca-based Kionix, Inc., a developer and manufacturer of inertial sensors like accelerometers, in late 2008.

read more...
Apr20 4/20/2010 5:59:00 PM by Eric Reinhardt

Lockheed Martin announces job cuts in Salina and Owego, and the business idea of three local college students is a national-contest finalist. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Apr20 4/20/2010 5:10:00 PM by Kevin Tampone

 

Lockheed Martin (NYSE: LMT) said today it will cut 53 jobs in Salina and 104 in Owego as part of a previously announced shakeup in its corporate structure.

The defense contractor announced in January it would eliminate 1,200 positions throughout its mission systems and sensors (MS2) business unit, which includes the company's sites in Salina and Owego. That unit employs some 14,000 people nationwide across multiple facilities.

read more...
Apr20 4/20/2010 3:25:00 PM by Kevin Tampone

 

A venture created by three Syracuse University (SU) students is a finalist in the Dell Social Innovation Competition.

Holly Tassi, Ryan Seeram, and Tamara Cohen created Ag 4 Africa, a rural development model for Sub-Saharan Africa. The venture focuses on promoting sustainable agriculture and self-sufficiency.

read more...
Apr20 4/20/2010 3:24:00 PM by Eric Reinhardt

 

Voss Signs, LLC of Manlius, a producer of custom and stock signs, will open its first retail location at 310 Oswego St. in the village of Liverpool.

That's according to The Bell Group, LLC, a Syracuse-based commercial real estate firm that represented Voss Signs in the transaction.

read more...
Apr19 4/19/2010 5:58:00 PM by Eric Reinhardt

M&T Bank Corp. more than doubles its profit in the first quarter, and Lockheed Martin pursues additional work on presidential helicopters. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR.

read more...
Apr19 4/19/2010 3:15:00 PM by Eric Reinhardt

 

The U.S. Army has awarded SRCTec a $94 million contract for systems that can counter radio-controlled roadside bombs.

The units, known as Counter Remote Control Improvised Explosive Device Electronic Warfare (CREW Duke), are currently the Army's most widely used system to counter roadside bombs, according to SRCTec.

read more...
Apr19 4/19/2010 2:26:00 PM by Eric Reinhardt

 

Consumer-confidence levels in the Syracuse and Binghamton regions rose in the first quarter, while the confidence index in the Utica-Rome area fell.

That's according to the latest quarterly survey of nine metropolitan-statistical areas in New York by the Siena (College) Research Institute (SRI).

read more...
Apr19 4/19/2010 2:24:00 PM by Traci DeLore

 

Ray Suarez, senior correspondent on PBS's The News Hour with Jim Lehrer, will deliver Utica College's 62nd commencement address May 16.

Suarez joined The News Hour in 1999 after a six-year stint hosting the NPR news program Talk of the Nation. Prior to that, he spent seven years as a reporter for WMAQ-TV in Chicago. He has been a correspondent for CNN, a producer for the ABC Radio Network in New York, and a reporter for CBS Radio in Rome.

read more...
Apr19 4/19/2010 11:19:00 AM by Kevin Tampone

 

Lockheed Martin (NYSE: LMT) will once again work on the new generation of presidential helicopters, this time as a supplier to Sikorsky Aircraft Corp.

Lockheed and Sikorsky announced today they will team to compete for the revived presidential helicopter program. Sikorsky will be the prime contractor and Lockheed will be the major subsystems supplier.

read more...
Apr19 4/19/2010 11:00:00 AM by Traci DeLore

HAMILTON — Colgate University says it is doing what it can to make it easier for people to receive a Colgate education during difficult financial times.

read more...
Apr19 4/19/2010 11:00:00 AM by Traci DeLore

ROME — When Robert Natoli opens his automobile dealership at 5898 Rome Taberg Road, it won’t be like every other dealership.

read more...
Apr19 4/19/2010 11:00:00 AM by Traci DeLore

MOHAWK — From restaurants to retail stores, a new Web site, www.cnylocalguide.com, plans to put them all together in one place that makes it easy for area residents to figure out where to go for dinner or how to spend a Saturday afternoon.

read more...
Apr19 4/19/2010 11:00:00 AM by Traci DeLore

UTICA — The city of Utica is looking for feedback from its residents as it moves forward with drafting a new master plan for the city.

read more...
Apr19 4/19/2010 11:00:00 AM by Eric Reinhardt

New York Attorney General Andrew Cuomo announced April 8 that his investigation of the school-sponsored student health-insurance industry uncovered “troubling practices.”

read more...
Apr19 4/19/2010 11:00:00 AM by

ECONOMIC DEVELOPMENT

Douglas Bartell, vice president at Oneida Savings Bank, and Kevin Martin of the Law Offices of Kevin Martin, have been appointed to vacant seats on the Griffiss Local Development Corp. board of directors.

read more...
Apr19 4/19/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — Declining advertising revenue. Falling circulation. Intense competition. Changing technology.

read more...
Apr19 4/19/2010 11:00:00 AM by Eric Reinhardt

MVP Health Care, one of Central New York’s four largest health insurers, contributed about $46 million to its reserve funds in 2009, it announced April 1.

read more...
Apr19 4/19/2010 11:00:00 AM by Kevin Tampone

DeWITT — The local office for insurer Northwestern Mutual will move to a new building later this year to keep pace with its growing employee base.

read more...
Apr19 4/19/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — Social-media outlets have come a long way from being dismissed as frivolous and shallow.

read more...
Apr19 4/19/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — Since spending last summer as one of the first members of the Syracuse Technology Garden’s student sandbox program, Brand-Yourself.com has moved fast.

read more...
Apr19 4/19/2010 11:00:00 AM by Eric Reinhardt

ONONDAGA — Mark Lesselroth was born in Germany, now lives in the town of Onondaga, and speaks both English and German fluently.

read more...
Apr19 4/19/2010 11:00:00 AM by Thomas Walsh

In business you get what you want by giving other people what they want.
— Alice MacDougall


Are you among the business leaders who believe the economy is starting to pick up? Or do you foresee another year or two of rough sailing for your business? Regardless of where you stand on the subject, chances are you’re at least thinking about how economic recovery will affect your business. I hope you’re giving serious thought to preparing now for the better market conditions to come.

read more...
Apr19 4/19/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — As an account executive for Time Warner Cable Business Class, Richard (Dick) Burtis would service Design Signs CNY Ltd., a business client located at 2510 Burnet Ave. in Syracuse.

read more...
Apr19 4/19/2010 11:00:00 AM by Kenneth Marks

Is your business taking advantage of market churn and chaos to refresh your growth strategy? Regardless of company size, stage, or industry, everyone has felt some impact from the economic turmoil of the past couple years.

read more...
Apr19 4/19/2010 11:00:00 AM by Kevin Tampone

GENEVA — Lauraville Specialty Products, LLC, a producer of packaging, has a new owner with plans to grow and expand the company.

read more...
Apr19 4/19/2010 11:00:00 AM by Harold Miller

Any person who has to look into his or her own pocket for a paycheck has a completely different perspective on the economy than say, a bureaucrat, a union worker, a social worker, a welfare recipient, or anyone in the current government administration — none of whom runs a private business.

read more...
Apr19 4/19/2010 11:00:00 AM by

ARCHITECTS

King & King, Architects LLP was recently honored in New York City, when Rochester–based IBC Engineering, P.C. received a Diamond Award from the American Council of Engineering Companies of New York for its work on the new King & King office building. IBC is one of only 26 New York State companies — and one of only three in the building/technology systems category — that received the engineering organization’s highest honor.

read more...
Apr19 4/19/2010 9:49:00 AM by Kevin Tampone

 

M&T Bank Corp. (NYSE: MTB) earned $151 million in the first quarter, up from $64 million a year earlier.

Earnings per share at the Buffalo-based banking company totaled $1.15, up from 49 cents in the first quarter of 2009. Excluding items like merger-related costs, M&T earned $1.23 a share.

read more...
Apr16 4/16/2010 5:52:00 PM by Eric Reinhardt

The New York Power Authority is helping a Mohawk Valley company with its utility bills, and a National Grid official speaks at an energy symposium. Hear details in this recording of "Business Briefs from The Central New York Business Journal" as aired on NewsRadio 570 WSYR.

read more...
Apr16 4/16/2010 3:26:00 PM by Kevin Tampone

 

The New York Power Authority today announced $700,000 in aid for Rome manufacturer Owl Wire & Cable.

The funding will come in the form of a discount on the company's electric rate for one year. The benefits began with the company's February bills. Owl Wire's electric bills run into the millions of dollars a year, according to the power authority.

read more...
Apr16 4/16/2010 3:15:00 PM by Eric Reinhardt

 

Cornell University and the City University of Hong Kong this week signed an agreement for the creation of a school of veterinary medicine.

Under the agreement, the Cornell University College of Veterinary Medicine will provide advice and guidance to City University in the planning, operation, and evaluation of the new School of Veterinary Medicine.

read more...
Apr16 4/16/2010 3:13:00 PM by Kevin Tampone

 

The president of U.S. operations for National Grid will deliver the keynote address at the Sixth Annual Symposium on Energy at Cazenovia College.

Thomas King will discuss the need for a national energy policy and the disadvantaged economic position of the U.S. compared to nations with a strategic policy in place. The symposium will take place April 16 at The Links at Erie Village in East Syracuse.

read more...
Apr16 4/16/2010 11:00:00 AM by Traci DeLore

CLINTON — After 15 years as a high-school chemistry teacher, Donna Farrell was ready to try a new career. Her interest in health care led her to St. Elizabeth College of Nursing, but it was her interest in prevention that led her to start her own business.

read more...
Apr16 4/16/2010 11:00:00 AM by Eric Reinhardt

SALINA — Charles One Hour Heating & Air Conditioning of Salina has acquired Duffy Heating & Air Conditioning Co. of Solvay in a deal that closed on Feb. 17.

read more...
Apr16 4/16/2010 11:00:00 AM by Gerald J. Archibald

“To be or not to be? That is the question.”
— William Shakespeare


“To merge or not to merge, that is the question?” A board member asked my opinion regarding the merger of her organization with another after extensive review and analysis.

read more...
Apr16 4/16/2010 11:00:00 AM by Maria Carbonaro

ELMIRA — To learn the history of the fire equipment industry in New York State, you need only follow Wayne Tyler’s career from the early 1970s to the present. Tyler is the president and CEO of Tyler Fire Equipment, LLC, which he founded in 1977 with his wife, Victoria.

read more...
Apr15 4/15/2010 5:59:00 PM by Eric Reinhardt

The unemployment rates in the Syracuse and Utica-Rome areas fell in March, and Alliance Financial Corp. posts a first-quarter profit. Hear details in this recording of "Business Briefs from The Central New York Business Journal" as heard on NewsRadio 570 WSYR in Syracuse.

 

read more...
Apr15 4/15/2010 2:18:00 PM by Eric Reinhardt

 

Tompkins County has reached agreement with Cayuga Medical Center on the sale of property adjacent to the hospital that the Tompkins County Health Department currently occupies.

The sale involves the Biggs Building and nine acres of land surrounding it, Martha Robertson, chairwoman of the Tompkins County Legislature, said in a news release.

read more...
Apr15 4/15/2010 2:03:00 PM by Traci DeLore

 

The state gained just over 9,000 jobs in the past month as the unemployment rate dropped to its lowest level since last summer, according to figures released today by the state Department of Labor.

The unemployment rate decreased from 8.8 percent in February to 8.6 percent in March while the number of private-sector jobs increased 0.1 percent to about 7 million. The number of nonfarm jobs, which includes all public and private-sector jobs, increased by more than 11,000 to about 8.5 million.

read more...
Apr15 4/15/2010 12:28:00 PM by Traci DeLore

 

The Workforce Investment Board of Herkimer, Madison and Oneida Counties (WIB), along with area educational institutions, kicked off a regional project to train more than 2,400 local residents for jobs in health care.

Mohawk Valley Community College (MVCC), Herkimer County Community College (HCCC), Morrisville State College, Utica School of Commerce (USC), the State University of New York Institute of Technology (SUNYIT), and area Boards of Cooperative Educational Services facilities are part of the project. The U.S. Department of Labor is funding the effort with a $2.7 million grant.

read more...
Apr15 4/15/2010 10:06:00 AM by Kevin Tampone

 

Net income available to common shareholders at Alliance Financial Corp. (NASDAQ: ALNC) rose 3.8 percent in the first quarter to $2.7 million.

Earnings per share at the banking company totaled 59 cents, up from 57 cents in the first quarter of 2009.

read more...
Apr14 4/14/2010 5:54:00 PM by Eric Reinhardt

The Central Upstate Regional Alliance has announced the five finalists in an annual business competition. Hear details in this recording of "Business Briefs from The Central New York Business Journal" as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Apr14 4/14/2010 11:46:00 AM by Eric Reinhardt

 

Insurer MetLife will not consolidate its offices in Syracuse and Buffalo into a single location in Rochester.

The company said in a press release Tuesday that it would combine the locations, but clarified later that its plans involve uniting the offices under one manager. The locations in Syracuse and Buffalo will both remain open.

read more...
Apr14 4/14/2010 10:05:00 AM by Kevin Tampone

 

A Syracuse-based Internet startup and a biotech firm from Ithaca are among the five finalists in this year's New York's Creative Core Emerging Business Competition.

The Central Upstate Regional Alliance announced the finalists for the competition's $200,000 grand prize today. The contest seeks to honor the region's most innovative and growth-oriented companies.

read more...
Apr13 4/13/2010 5:57:00 PM by Eric Reinhardt

Lockheed Martin will send a radar surveillance system to the United Kingdom in late 2011, and the Brazilian firm targeting Hardinge of Elmira makes its case in a regulatory filing. Hear details in this recording of "Business Briefs from The Central New York Business Journal" as aired on NewsRadio 570 WSYR.

read more...
Apr13 4/13/2010 3:59:00 PM by Eric Reinhardt

 

MetLife today announced plans to consolidate its Syracuse and Buffalo offices into a single location in Rochester.

The move by MetLife is meant to "strengthen its position in the upstate New York region," according to a company statement. The company did not respond immediately to requests for more information on the consolidation and its effect on local employees.

read more...
Apr13 4/13/2010 2:47:00 PM by Traci DeLore

 

Industrias Romi S.A., the company currently attempting a takeover of Hardinge, Inc., made the case for its cash offer to shareholders in a filing with the Securities and Exchange Commission today.

On March 30, Romi, based in Brazil, offered to acquire all outstanding Hardinge stock from shareholders at $8 per share after previous attempts to negotiate a deal with the company failed. The company's SEC filing argues why the offer, in its opinion, is a good one.

read more...
Apr13 4/13/2010 2:45:00 PM by Kevin Tampone

 

Lockheed Martin (NYSE: LMT) is set to provide a radar surveillance system to the United Kingdom that will allow the country to install more than 900 wind turbines off the coast of England.

Lockheed's Salina facility is home to the company's radar business. The firm employs about 2,300 people at the site.

read more...
Apr13 4/13/2010 2:42:00 PM by Eric Reinhardt

 

Despite some indicators that an economic recovery is underway, most Americans are still trying to cut expenses.

That's according to a new survey conducted for M&T Bank, the banking subsidiary of Buffalo-based M&T Bank Corp. (NYSE: MTB).

read more...
Apr12 4/12/2010 5:51:00 PM by Eric Reinhardt

The New York Jets will return to Central New York this summer, and First Niagara Financial Group completes an acquisition. Hear details in this recording of "Business Briefs from The Central New York Business Journal" as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Apr12 4/12/2010 3:22:00 PM by Kevin Tampone

 

First Niagara Financial Group (NASDAQ: FNFG) closed its acquisition of Harleysville National Corp. in Pennsylvania on Friday.

The banking company now has $20 billion in assets, $14 billion in deposits, and 254 branches across Upstate New York and Pennsylvania.

read more...
Apr12 4/12/2010 2:46:00 PM by Eric Reinhardt

 

The National Football League's New York Jets have signed a three-year agreement to hold their summer training at the State University of New York College at Cortland (SUNY Cortland).

read more...
Apr12 4/12/2010 2:44:00 PM by Eric Reinhardt

 

The New York State Energy Research and Development Authority (NYSERDA) has awarded more than $200 million in funding to eight large-scale projects that will produce and deliver electricity from renewable sources.

The funding supports three regional projects, including the Hardscrabble wind project in Herkimer County, an upgrade to the Taylorville hydroelectric-power project in Lewis County, and a new biomass project at Black River Generation, LLC in Jefferson County.

read more...
Apr12 4/12/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — Businesses usually try to hire employees who understand the firm’s vision for satisfying its customer base.

read more...
Apr12 4/12/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — Peter J. Coleman, Jr., the publican (saloonkeeper) of Coleman’s Authentic Irish Pub on Tipperary Hill for more than 50 years, is the winner of the 2010 Crystal Ball Award.
The Central New York Sales and Marketing Executives (CNYSME), which has presented the award annually since 1977, will formally honor Coleman with the award at a banquet set for Tuesday, April 13, at the Sheraton Syracuse University Hotel and Conference Center.

read more...
Apr12 4/12/2010 11:00:00 AM by Adam Rombel

It seems like it has taken forever, but employers are actually hiring again. The U.S. economy added 162,000 jobs in March, including 123,000 in the private sector, the U.S. Bureau of Labor Statistics (BLS) reported April 2. Both figures are the biggest gains in about three years.

read more...
Apr12 4/12/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — Leaders at downtown Syracuse’s Tech Garden expect to have 10 to 15 teams of students participating in the facility’s student sandbox program this summer.

Five teams took part in the program last year. They spent 12 weeks working and refining their business ideas with the help of mentors and others at the Tech Garden.

read more...
Apr12 4/12/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — Bell & Spina, P.C., a Syracuse–based architectural firm, has opened a new office in the Rochester area to facilitate client demand.

read more...
Apr12 4/12/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — Tony Baird Electronics is expanding and relocating from the Tech Garden in downtown Syracuse to a new office of its own on South Warren Street.

read more...
Apr12 4/12/2010 11:00:00 AM by Traci DeLore

SOLVAY — Sales have skyrocketed at Upstate Shredding, LLC just months after it acquired the assets of the scrap-metal business the Matlow Company in Solvay.

read more...
Apr12 4/12/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — The Lilly Ledbetter Fair Pay Act of 2009 has been in effect for more than a year.
President Barack Obama signed the legislation on Jan. 29, 2009. The Ledbetter Act amends the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans with Disabilities Act, and the Rehabilitation Act.

read more...
Apr12 4/12/2010 11:00:00 AM by Kevin Tampone

Harris Beach, PLLC opened a new office in White Plains in March, continuing the law firm’s expansion downstate.

White Plains is the county seat of Westchester County, a key market for Harris Beach, says David Capriotti, co-managing partner in the firm’s Syracuse office. Harris Beach has 13 attorneys in Syracuse and is headquartered in Rochester.

read more...
Apr12 4/12/2010 11:00:00 AM by Reid Goldsborough

The concept of privacy is a fascinating one. It has evolved over time, and different countries regard it differently. Online, it plays out in some interesting ways. The bottom line is you may not be protecting what you personally regard as private matters to the extent that you think.

read more...
Apr12 4/12/2010 11:00:00 AM by Eric Reinhardt

The recovery from the economic recession is having a “stabilizing” effect on Americans’ confidence in their ability to retire, a new survey shows. But a growing number of workers also plan to delay their retirement.

The findings are part of the 2010 Retirement Confidence Survey (RCS) released March 9 by the Washington, D.C.–based Employee Benefit Research Institute (EBRI) and Mathew Greenwald & Associates, Inc., a market-research firm, also based in Washington.

read more...
Apr12 4/12/2010 11:00:00 AM by Colin M. Leonard

The New York State Department of Labor (NYS DOL) recently issued revised, emergency regulations concerning the New York State Worker Adjustment and Retraining Notification Act (NY WARN), Section 860 of the New York Labor Law.

read more...
Apr12 4/12/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — A net 4 percent of U.S. executives interviewed for The Robert Half Professional Employment Report say they plan to increase the number of full-time professionals on staff in the next three months.

read more...
Apr12 4/12/2010 11:00:00 AM by Matthew Monroe

In today’s economy, every dollar counts — to both business owners and their employees. While employers are carefully looking for ways to cut costs, employees are trying harder to save for their futures.

read more...
Apr12 4/12/2010 11:00:00 AM by


ADVERTISING AGENCIES

Lisa Evans has been promoted to senior interactive developer in the Pump Digital & Direct Group at Eric Mower and Associates (EMA). Evans was previously an interactive developer at EMA. Prior to joining EMA, Evans was a software engineer and Web developer at another Central New York firm. Evans earned a master’s degree from Loyola University in Chicago and a bachelor’s degree from SUNY Potsdam.

read more...
Apr12 4/12/2010 11:00:00 AM by Brandon Talbot

SYRACUSE — The United Cerebral Palsy and Handicapped Children’s Association of Syracuse, which does business as Enable, recently won a contract from the New York State Office of Mental Retardation and Developmental Disabilities to provide family-support services to clients and their families.

read more...
Apr12 4/12/2010 11:00:00 AM by Traci DeLore
Vestal native brings Chuckster’s home

VESTAL — Imagine putting down a 201-foot-long green to sink your shot.

You’ll be able to do that — on one of the world’s longest miniature golf holes — along with rock climbing and bungee-trampoline jumping when Chuckster’s opens this June in Vestal.

read more...
Apr12 4/12/2010 11:00:00 AM by Eric Reinhardt

Upstate New York consumers were a little less confident about the direction of the economy in March than in February, as concerns about jobs continued.

read more...
Apr12 4/12/2010 11:00:00 AM by Traci DeLore

Vestal — The search is on for the sixth president of Binghamton University.

read more...
Apr12 4/12/2010 11:00:00 AM by Traci DeLore

ELMIRA — The board of directors at Hardinge, Inc. is urging the company’s shareholders to reject a hostile takeover bid by a Brazilian firm seeking to gain two-thirds control of the company.

read more...
Apr12 4/12/2010 11:00:00 AM by Thomas P. DiNapoli

Budget negotiations continue in Albany as the governor and the legislature try to close a budget gap that could exceed $9 billion.

read more...
Apr12 4/12/2010 11:00:00 AM by Dan Danner

The long debate over health-care reform has ended, leaving many small-business owners more confused than ever over what to expect. But they know one thing — they’ll be paying for it for years to come.

read more...
Apr12 4/12/2010 11:00:00 AM by

BANKING & FINANCE

Wilber National Bank recently named Mortgage Development Officer Selina Gelatt top-producing mortgage loan officer for 2009. Gelatt, an employee of Provantage Home Loans, the bank’s mortgage division, successfully closed 65 mortgages representing over $8.5 million during the year. In the previous two years Gelatt was top producer in the number of loans closed, but this is the first time she topped the organization in dollar volume as well. She has more than 23 years experience in the mortgage-processing industry.

read more...
Apr9 4/9/2010 5:56:00 PM by Eric Reinhardt

A well known Syracuse weekly newspaper has a new owner, and the U.S. Small Business Administration selects a new regional administrator. Hear details in this recording of "Business Briefs from The Central New York Business Journal" as aired on NewsRadio 570 WSYR.

read more...
Apr9 4/9/2010 2:12:00 PM by Eric Reinhardt

 

The U.S. Small Business Administration (SBA) on Thursday announced the appointment of Jorge Silva-Puras as administrator for Region II, which includes New York.

As administrator, Silva-Puras will oversee the SBA's programs and services in New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands.

read more...
Apr9 4/9/2010 1:22:00 PM by Traci DeLore

 

Service of alcoholic beverages in all areas of Turning Stone Resort and Casino could be on the way courtesy of CD Food & Beverage, Inc., a new company formed by the owners of The Beeches of Rome.

CD plans to partner with the Oneida Indian Nation-owned resort to lease restaurant and hospitality space at Turning Stone. In return, Turning Stone will provide labor, management, and marketing services.

read more...
Apr9 4/9/2010 9:20:00 AM by Kevin Tampone

 

The Syracuse New Times, the city's weekly alternative newspaper, has a new owner after more than 25 years.

William Brod acquired the paper Tuesday from Art Zimmer, who has owned the publication since 1984.

read more...
Apr8 4/8/2010 5:52:00 PM by Eric Reinhardt

The New York Attorney General's office has been investigating health-insurance plans for college students. Hear details in this recording of "Business Briefs from The Central New York Business Journal" as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Apr8 4/8/2010 3:29:00 PM by Eric Reinhardt

 

New York Attorney General Andrew Cuomo announced today that his investigation of the school-sponsored student health-insurance industry uncovered "troubling practices."

Cuomo's investigation revealed that many of the college-endorsed plans have "extremely low coverage limits, excessive costs for the coverage provided, and inconsistencies with federal protections recently signed into law."

read more...
Apr8 4/8/2010 1:41:00 PM by Kevin Tampone

 

The average cost of driving a sedan 15,000 miles a year rose about $400 in 2009, according to a new report from AAA.

Higher gas prices were a major reason for the increase.

read more...
Apr7 4/7/2010 6:00:00 PM by Eric Reinhardt

Two areas of Central New York are among 10 nationwide that added construction jobs between the early parts of 2009 and 2010. Hear details in this recording of "Business Briefs from The Central New York Business Journal" as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Apr7 4/7/2010 2:05:00 PM by Eric Reinhardt

 

Consumer confidence in upstate New York dipped 1.2 points to 59 in March, according to the latest monthly survey from the Siena (College) Research Institute (SRI).

The Upstate index is more than six points below the overall-confidence level of 65.5 for all of New York. Statewide confidence is down less than one point from February.

read more...
Apr7 4/7/2010 1:28:00 PM by Kevin Tampone

 

Ithaca and Syracuse were two of just 10 of the 337 major metropolitan areas nationwide that added construction jobs between February 2009 and 2010, the Associated General Contractors of America (AGC) said Tuesday.

The Syracuse area added 300 jobs in the period, a 3 percent increase. Construction employment rose 10 percent, or about 100 jobs, in the Ithaca area.

read more...
Apr6 4/6/2010 5:55:00 PM by Eric Reinhardt

NYSERDA releases a report on energy consumption in New York, and Hardinge of Elmira recommends its shareholders reject a takeover bid.  Hear details in this recording of "Business Briefs from The Central New York Business Journal" as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Apr6 4/6/2010 3:49:00 PM by Eric Reinhardt

 

New York consumes the fourth highest amount of energy of any state in the union, but is also the second most energy-efficient state on a per capita basis.

Both findings are part of a new report the New York State Energy Research and Development Authority (NYSERDA) released today.

read more...
Apr6 4/6/2010 2:05:00 PM by Traci DeLore

 

ParTech, Inc. extended its contract with CKE Restaurants, Inc. for another three years.

PAR is CKE's U.S. provider for point-of-sale systems at CKE's Carl's Jr. and Hardee's restaurants including front-of-house, drive-through, kitchen-management, and back-office systems.

read more...
Apr6 4/6/2010 2:01:00 PM by Traci DeLore

 

The board of directors at Hardinge, Inc. is urging the company's shareholders to reject a hostile takeover bid by a Brazilian firm seeking to gain two-thirds control of the company.
Industrias Romi S.A. (Bovespa: ROMI3) is offering $8 per share in its takeover bid, which Hardinge (NASDAQ: HDNG) calls "grossly inadequate, opportunistic, and not in the best interests of Hardinge and its shareholders."
read more...
Apr5 4/5/2010 5:20:00 PM by Eric Reinhardt

MVP Health Care adds millions to its reserves, and Delta Air Lines adds a third flight to Detroit from Ithaca. Hear details in this recording of "Business Briefs from The Central New York Business Journal" as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Apr5 4/5/2010 2:28:00 PM by Eric Reinhardt

 

MVP Health Care contributed about $46 million to its reserve funds in 2009, the nonprofit health insurer announced April 1.

The contribution to reserves represents about 1 percent of MVP's total 2009 revenue of $3 billion. That compares to a loss of $28 million on total revenue of $2.5 billion in 2008.

read more...
Apr5 4/5/2010 12:54:00 PM by Kevin Tampone

 

Delta Air Lines (NYSE: DAL) has added a new flight to Detroit from the Ithaca Tompkins Regional Airport.

read more...
Apr5 4/5/2010 11:00:00 AM by Norman Poltenson

SYRACUSE — Theresa Slater loves living in downtown Syracuse.

Slater is the president of Empire Interpreting Service, LLC. A former Homer resident, she moved her corporate headquarters to Syracuse and then her residence.

read more...
Apr5 4/5/2010 11:00:00 AM by Traci DeLore

UTICA — The Rescue Mission of Utica, Inc. recently kicked off a $1 million project to renovate its homeless shelter and increase the number of available beds.

The nonprofit organization, located at 212 Rutger St., held a “golden hammer” indoor groundbreaking ceremony on March 29 to launch the project, says the Rev. William Dodge, executive director.

read more...
Apr5 4/5/2010 11:00:00 AM by Traci DeLore

ROME — With the fate of Empire Aero Center still uncertain, the board that oversees the development of the business park that houses the aircraft-maintenance business has two new members.

read more...
Apr5 4/5/2010 11:00:00 AM by Traci DeLore

As the economy begins to recover, one industry expected to see rapid job growth is the green sector. To help ensure women aren’t left out of that growth, the U.S. Department of Labor’s Women’s Bureau is putting together “A Woman’s Guide to Green Jobs.”

read more...
Apr5 4/5/2010 11:00:00 AM by Traci DeLore

ROME — Ryan Moore knows insurance, along with banking, business planning, and investing. And he’s hoping his well-rounded set of skills draws customers to his new business, Moore Insurance Group.

“I’m not your everyday insurance agent,” says Moore, who has experience working for two Fortune 500 companies.

read more...
Apr5 4/5/2010 11:00:00 AM by Traci DeLore

ILION — Sometimes nothing hits the spot like a good cheese steak.

read more...
Apr5 4/5/2010 11:00:00 AM by

GOVERNMENT

At the organizational meeting of the Oneida County/Rome Empire Zone Administrative Board recently, the Oneida County executive and the Rome mayor appointed seven of nine members of the new board. They are: Chairperson Anthony Carvelli, Oneida County commissioner of finance; Vice Chairperson Craig Summers, Adirondack Bank; Alice Savino, Workforce Investment Board of Herkimer, Madison and Oneida Counties; Christian Mercurio, City of Rome; Thomas Dorr, Oneida County BOCES; William Farley, Specialty Metals; and Frank Marasco, Rome Empire Zone resident. 

read more...
Apr5 4/5/2010 11:00:00 AM by Kevin Tampone

ITHACA — Novomer, Inc. continued moving toward full-scale production of its products in March with news the company could be in line for as much as $25 million in federal funding.
The firm, a spinoff of Cornell University, said March 29 it won $2.1 million from the U.S. Department of Energy in the first phase of a project aimed at bringing the company to commercial production levels. Novomer is developing a line of plastics, polymers, and other chemicals based on renewable feedstocks.

read more...
Apr5 4/5/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — ShoreGroup, Inc. is expanding its local offices to accommodate the information-technology company’s continuing growth.

read more...
Apr5 4/5/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — LeChase Construction Services, LLC, a Rochester-based construction management and general construction firm, on March 24 announced its acquisition of Northeast Construction Services, Inc. of Syracuse. The deal cements its foothold in Central New York.

read more...
Apr5 4/5/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — For any woman who wants to start a business or expand an existing company, finding a mentor “would be extremely important.”

That’s according to Julie Shimer, Ph.D., president and CEO of Welch Allyn, Inc., which is based in Skaneateles Falls and manufactures frontline medical-diagnostic equipment and health-care products.

read more...
Apr5 4/5/2010 11:00:00 AM by Jon Denney

Remember the “early days” of your business? Everyone on your team wore different hats because you couldn’t afford to hire specialists. You all worked hard. You all put your hearts and souls into making the business succeed. Everyone thought of it as “their” company, even though most didn’t have any shares of company stock.

read more...
Apr5 4/5/2010 11:00:00 AM by Kevin Tampone

Two area colleges were among 19 statewide to receive $8 million in funding in March for work on battery and energy-storage projects.

Cornell University in Ithaca and Binghamton University in Vestal each received grants that will support research at the schools. The New York State Energy Research and Development Authority (NYSERDA) awarded the funding.

read more...
Apr5 4/5/2010 11:00:00 AM by By Karim Solanji & Mark Lauber

Are you aware that a law provision put in place a year and a half ago could mean big tax savings for businesses involved with energy-efficiency systems?

read more...
Apr5 4/5/2010 11:00:00 AM by Eric Reinhardt

SYRACUSE — David Palmerton believes upstate New York is faced with one of the “greatest energy opportunities in over a hundred years that has solvable problems.”

read more...
Apr5 4/5/2010 11:00:00 AM by Harold Miller

My first encounter with Herbert L. (Herb) Laube was in 1955.

He had gathered a small group of manufacturers’ representatives into a meeting room at the YMCA in Auburn in order to make a presentation for the “Incremental System” of air conditioning.

read more...
Apr5 4/5/2010 11:00:00 AM by Journal Staff

SYRACUSE — The U.S. Environmental Protection Agency (EPA) has again recognized Syracuse University (SU) for its significant green-power purchases. The university was ranked the nation’s 15th largest purchaser of green power as of January 2010 on the EPA’s latest Top 20 College & University Green Power Partnership list. Over the past four years, the EPA has recognized SU as a leading buyer of green, or renewable, power among the nation’s colleges and universities, according to SU.

read more...
Apr5 4/5/2010 11:00:00 AM by David John Marotta

I write this column regularly based on the principle that each citizen’s first responsibility is to take care of himself or herself and his/her family so they won’t burden society. And I believe the first responsibility of government is not to burden its citizens so they are able to take care of themselves.

read more...
Apr5 4/5/2010 11:00:00 AM by

ACCOUNTING

Dannible & McKee, LLP has added Joseph Dambroso to its tax staff. Dambroso graduated from Syracuse University with bachelor’s and master’s degrees in accounting. Prior to joining the firm, he was employed by Eisner LLP as a staff accountant.

read more...
Apr5 4/5/2010 9:00:00 AM by Adam Rombel

 

CLINTON - Jeffrey R. Immelt, chairman and CEO of General Electric Company (NYSE: GE), will deliver the Commencement address at Hamilton College on Sunday, May 23, the college announced Friday.

 
read more...
Apr5 4/5/2010 8:59:00 AM by Adam Rombel

 

Seventy four New York businesses are back in the Empire Zone program, including a number of Central New York firms.

read more...
Apr1 4/1/2010 5:58:00 PM by Eric Reinhardt

The Syracuse Tech Garden is listening to student-business ideas, and Hardinge of Elmira is acquiring the assets of a firm in the United Kingdom. Hear details in this recording of "Business Briefs from The Central New York Business Journal" as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Apr1 4/1/2010 3:31:00 PM by Eric Reinhardt

 

The Small Business Development Center (SBDC) at the State University of New York (SUNY) is among 10 centers receiving a grant to help entrepreneurial veterans.

The U.S. Small Business Administration (SBA) made the announcement on Wednesday, but did not disclose the amount of the grant.

read more...
Apr1 4/1/2010 1:35:00 PM by Kevin Tampone

 

John Liddy, entrepreneur in residence at the Tech Garden in downtown Syracuse, will spend a few hours Tuesday afternoon handing out cash on the Syracuse University Quad.

Students will have to earn the money though.

read more...
Apr1 4/1/2010 1:33:00 PM by Traci DeLore

 

Just one day after a Brazilian company announced a hostile takeover bid to acquire Hardinge, Inc., the Elmira-based company announced it will acquire the assets of a European firm.

Hardinge (NASDAQ: HDNG) will acquire the assets of Jones and Shipman, a Leicester, U.K.-based manufacturer of grinding machines, for $3 million from Precision Technologies Group Ltd.

read more...
Mar31 3/31/2010 5:53:00 PM by Eric Reinhardt

Honeywell International raises its earnings forecast for the first quarter, and an Upstate health plan launches a new Web site focusing on health-care reform. Hear details in this recording of "Business Briefs from The Central New York Business Journal" as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Mar31 3/31/2010 1:39:00 PM by Eric Reinhardt

 

Capital District Physicians' Health Plan (CDPHP) today announced the launch of a health-care reform Web site.

The site is meant to help users understand the ramifications of the recently signed health-care reform law.

read more...
Mar31 3/31/2010 9:00:00 AM by Adam Rombel

 

Honeywell International Inc. (NYSE: HON), a technology and manufacturing conglomerate, announced Tuesday it has raised its first-quarter earnings forecast to reflect improved sales and cost savings.

read more...
Mar30 3/30/2010 5:53:00 PM by Eric Reinhardt

The U.S. Small Business Administration can continue providing a higher guarantee on its small-business loans, and a Brazilian firm is making a second attempt at acquiring an Elmira company. Hear details in this recording of "Business Briefs from The Central New York Business Journal" as aired on NewsRadio 570 WSYR in Syracuse.

read more...
Mar30 3/30/2010 1:42:00 PM by Eric Reinhardt

 

The U.S. Small Business Administration (SBA) will continue providing enhancements on its two largest small business loan programs through April 30.

The agency made the announcement Monday after President Barack Obama signed legislation Friday granting the extension.

read more...
Mar30 3/30/2010 9:57:00 AM by Traci DeLore

 

Utica Mutual Insurance Co. is acquiring Nationwide Holdings, Inc., the holding company for Founders Insurance Co. of DesPlains, Ill., in a move to expand and diversify its business.

Utica Mutual, the principal company of the Utica National Insurance Group, did not disclose terms of the sale. The deal will close in the second quarter pending regulatory approval.

read more...
Mar30 3/30/2010 9:55:00 AM by Traci DeLore

 

A Brazilian firm interested in acquiring Hardinge, Inc. is taking its offer to shareholders in a hostile takeover bid after Hardinge executives repeatedly rejected acquisition offers.

Romi S.A. (Bovespa: ROMI3) told Hardinge (NASDAQ: HDNG) shareholders today that it will pay $8 cash per share for all outstanding shares of Hardinge stock. The move aims to give Romi two-thirds of all Hardinge shares and ultimately control of the company.

read more...
Mar29 3/29/2010 6:00:00 PM by Eric Reinhardt

Federal regulators approve changes for the status of First Niagara Financial Group and its banking subsidiary, and Novomer receives federal funding for its work in developing plastics. Hear details in this recording of "Business Briefs from The Central New York Business Journal" as heard on NewsRadio 570 WSYR in Syracuse.

read more...
Mar29 3/29/2010 4:01:00 PM by Eric Reinhardt

 

American Eagle Airlines, the regional affiliate of American Airlines (NYSE: AMR), is adding two daily, round-trip flights from Syracuse's Hancock International Airport to O'Hare International Airport in Chicago.

The additional flights will bring the total number of daily, round-trip Eagle flights from Syracuse to O'Hare to five from three.

read more...
Mar29 3/29/2010 3:09:00 PM by Kevin Tampone

 

Novomer, Inc. has been awarded $2.1 million in funding from the Department of Energy in the first phase of what could eventually be a $25 million federal grant.

read more...
Mar29 3/29/2010 2:22:00 PM by Eric Reinhardt

 

The American Board of Medical Specialties (ABMS) has named Dr. John McCabe, CEO of Upstate University Hospital, as chairman of its board of directors.
The board is a Chicago-based nonprofit organization that oversees the certification of physician specialists in the U.S.
read more...
Mar29 3/29/2010 2:21:00 PM by Kevin Tampone

 

Federal regulators issued approvals Friday on key matters for First Niagara Financial Group, Inc. (NASDAQ: FNFG)

The Federal Reserve Board approved registration by the company as a bank-holding company while the Office of the Comptroller of the Currency approved conversion of the firm's subsidiary, First Niagara Bank, from a savings institution to a national bank.

read more...
Mar29 3/29/2010 11:00:00 AM by Norman Poltenson

As a kid, my favorite radio program was “Let’s Pretend.” Every week, children would tell fairy tales such as Jack and the Beanstalk, Aladdin and the Wonderful Lamp, Robin Hood, and The Emperor’s New Clothes. The show ran for two decades before ending in 1954.

read more...
Mar29 3/29/2010 11:00:00 AM by Eric Reinhardt

FAYETTEVILLE — Panera Bread Company (NASDAQ: PNRA), a national chain of bakery-cafés, is hoping to increase its catering business, called “via panera catering,” in 2010.

read more...
Mar29 3/29/2010 11:00:00 AM by Kevin Tampone

WATERTOWN — Although job cuts at a law firm may not attract the same headlines as major manufacturing layoffs, the consequences are the same for those who wind up out of work.
And lawyers around the state are indeed losing their jobs, says Lauren Wachtler of Mitchell Silberberg & Knupp, LLP in New York City. Wachtler is chairwoman of the New York State Bar Association’s Committee on Lawyers in Transition.

read more...
Mar29 3/29/2010 11:00:00 AM by John R. Graham

Trying to get fish into the boat before catching them sounds crazy, something that wouldn’t make sense to experienced fishermen. Even so, it’s the most common error salespeople make, and it accounts, more than anything else, for lost orders and prospects who never become customers. That’s what happens when you try to get the order before you have a customer.

read more...
Mar29 3/29/2010 11:00:00 AM by Kevin Tampone

SYRACUSE — The Bonadio Group has launched a new service it is calling the personal chief financial officer.

read more...
Mar29 3/29/2010 11:00:00 AM by Paul M. Predmore, Steven A. Paquette, and Julia B. Joyce

“New York Prowling for Tax Cheats.” “Data Mining Helps New York Catch Tax Cheats.” “18 Charged with Failing to File State Tax Returns.” News reports have been abuzz recently with increased enforcement efforts by the New York State Department of Taxation and Finance (DTF) to enforce the laws on unpaid taxes. Significant changes to the tax law in 2009 have enabled DTF to step up enforcement measures across the state with the clear purpose of reducing the state’s budget gap by generating additional revenue.

read more...
Mar29 3/29/2010 11:00:00 AM by Brandon Talbot

SYRACUSE — InterFaith Works of CNY, Inc., a faith–based nonprofit that provides education, assistance, and community dialogue is geared up for an active year in 2010. The organization recently changed leadership, added new programming, and is running a number of special events this spring.

read more...
Mar29 3/29/2010 11:00:00 AM by

ACCOUNTING

Alan Sherman, a staff accountant in the tax practice of ParenteBeard LLC, has successfully passed the CPA exam. Sherman joined the firm in 2009 and received his bachelor’s degrees in both accounting and economics from SUNY Oswego.

read more...
Mar29 3/29/2010 11:00:00 AM by Traci DeLore

ITHA