Local Business
Biopharmaceutical industry has huge impact in region
Life sciences and medical research firms and institutes account for almost 5 percent of
all the economic activity in the Buffalo Niagara region, according to an industry-backed study
released Thursday. (Updated: 11/13/09 7:18 AM )
Buffett, Gates agree about rebound
NEW YORK — Capitalism is still alive and well, say the world’s two richest men, despite lingering shocks from the longest, deepest recession since the Great Depression. (Updated: 11/13/09 7:01 AM )
Purchases hint at low holiday sales
NEW YORK — Shoppers’ focus on staples such as socks and underwear is driving murky holiday outlooks at Walmart and Kohl’s, even as both posted higher third-quarter earnings Thursday. (Updated: 11/13/09 6:46 AM )
Banks to prepay FDIC premiums
WASHINGTON — U. S. banks will prepay about $45 billion in premiums to replenish a federal deposit insurance fund now in the red, under a plan adopted Thursday by federal regulators. (Updated: 11/13/09 6:46 AM )
On the Record / November 13, 2009
Hires/Promotions/ Honors (Updated: 11/13/09 6:46 AM )
Falls airport to get third destination
WHEATFIELD — Passengers from Niagara Falls International Airport will be able to fly to Melbourne, Fla., starting in February. (Updated: 11/13/09 7:00 AM )
Customer consent for overdraft fees OK’d
WASHINGTON — Banks will have to secure their customers’ consent before charging large overdraft fees on ATM and debit card transactions, according to a new rule announced Thursday by the Federal Reserve. (Updated: 11/13/09 6:58 AM )
Trouble in burger land
CHICAGO (AP)—Burger King franchisees sued the hamburger company this week over its $1 double cheeseburger promotion, saying they’re losing money on the deal and the company can’t set maximum menu prices. (Updated: 11/13/09 6:46 AM )
Delta Sonic salutes military with car washes
Delta Sonic tried something new Wednesday, giving free car washes to active and former military personnel on Veterans Day. (Updated: 11/13/09 6:46 AM )
GM looking to Chevrolet Cruze, Buick Regal to turn sales around
DETROIT — Two General Motors cars due in showrooms next year must be hits to help the automaker turn around sales and pay back its big debt to U. S. taxpayers. (Updated: 11/12/09 7:09 AM )
On the Record / November 12, 2009
Hires/Promotions/ Honors (Updated: 11/12/09 7:08 AM )
Best Buy to sell fitness equipment
NEW YORK— Best Buy Co. wants to get your pulse racing over more than the hottest new laptops and TVs. Starting Wednesday, the electronics chain will sell health and fitness equipment in 40 stores across the U. S. (Updated: 11/12/09 7:08 AM )
Macy’s loss shrinks in 3rd quarter
NEW YORK — Macy’s Inc.’s third-quarter loss shrunk as tight inventory controls and a move to localize merchandise at its department stores by region paid off. The company also raised its full-year profit and sales outlook. (Updated: 11/12/09 7:25 AM )
Bed-tax settlement reportedly to be paid despite delay
Back in June, the Erie County attorney said she was pleased to announce an agreement with James A. Cosentino, the businessman who owed the government around $400,000 in bed taxes collected years ago at his former hotel. (Updated: 11/12/09 7:25 AM )
On the Record / November 11, 2009
Hires/Promotions/ Honors (Updated: 11/11/09 7:00 AM )