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3 hr. 35 min. ago
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Aqueduct contract awaits DiNapoli signature
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Just one person has yet to sign off on a state contract to build a casino complex at the Aqueduct horse racing track downstate The signed contract hit the desk of New York state Comptroller Thomas DiNapoli on Sept 8, his office said DiNapoli is the final state official who must approve the contract before it is official and construction can begin...
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08 September, 2010 21:04
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Obama pushes for biz tax credits
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Coming off a push for health-care reform that stressed political unity, President Barack Obama on Wednesday drew stark partisan lines as he laid out a plan to spur business growth Obama, speaking in Ohio, proposed what he described as a “more generous, permanent” extension of the federal research and experimentation tax credit The president...
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08 September, 2010 20:06
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McGinn, Smith credit card charges questioned
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Timothy McGinn and David Smith have continued to charge thousands of dollars of expenses on their credit card despite a court order freezing their assets, according to the US Securities and Exchange Commission The SEC charged McGinn and Smith, and their former investment firm, McGinn Smith & Co, with securities fraud in April, alleging they owe...
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08 September, 2010 19:05
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NY begins taking applications for Excelsior Jobs program
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New York state began accepting applications on Wednesday for its new tax incentive program for businesses The state’s Excelsior Jobs program was approved as part of the 2010-11 state budget, finalized early last month The Excelsior Jobs benefits take the place of the more expansive Empire Zones tax credits, which were shut off to new applicants...
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08 September, 2010 16:06
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GE Global wins $538K NIH grant
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GE Global Research has won a $538,000 National Institutes of Health grant to develop technology that would aid in the study of individual cells that grow outside and inside the body The collection of microorganisms, known as the human microbiome, are believed to play a role in a person’s health GE said there are tens of trillions of cells outside...
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08 September, 2010 14:07
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Area schools open doors this week
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Yellow school buses are everywhere as this week marks students return to area schools Today marks the return of students to the region’s largest school district, Schenectady (9,971 students from kindergarten through 12 grade) Troy (3,947) begins classes today as well Yesterday, students in Albany (7,812) and Shenendehowa (9,784) began classes...
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08 September, 2010 13:06
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AngioDynamics reports revenue increase for 1Q
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Medical device manufacturer AngioDynamics Inc has reported increased sales for the first quarter of its fiscal year However, revenue growth has slowed and earnings came in lower than expected, partly due to a decline in medical procedures AngioDynamics released its earnings on Sept 7 AngioDynamics (Nasdaq: ANGO) opened a new corporate headquarters...
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07 September, 2010 20:04
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HP sues Hurd over Oracle job
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Hewlett-Packard Co has sued former CEO Mark Hurd a day after he was named a co-president at Oracle Corp HP is accusing Hurd of breach of contract and threatened misappropriation of trade secrets in the lawsuit filed Tuesday morning in Santa Clara County, California The company said that Hurd's hiring violates confidentiality agreements he signed...
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07 September, 2010 19:08
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Airgas considering Air Products’ latest takeover offer
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The board of Airgas Inc is reviewing another, higher offer by Air Products & Chemicals Inc to acquire the specialty gas company Fellow industrial gas company Air Products (NYSE:APD) has offered to pay $6550 per share in cash, or more than $54 billion for Radnor, Pa-based Airgas Air Products' initial bid made in February was $60 a share, or...
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07 September, 2010 19:08
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Ten Eyck joins local KeyBank advisory board
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Peter Ten Eyck II, who this spring retired from the board of KeyCorp, has joined a local KeyBank advisory board Ten Eyck is president of Indian Ladder Farms in Altamont, NY He is the 11th member of Key’s Albany regional advisory panel KeyBank has 51 branches in the Albany area Ten Eyck served on the board of KeyCorp (NYSE: KEY), the bank’s...
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07 September, 2010 19:08
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SONYMA providing lowest interest rates in 40 years
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The State of New York Mortgage Agency is providing the lowest interest rates in its 40-year history for for its two primary programs The Low Interest Rate Program is being offered at a rate of 4 percent while its Achieving the Dream Program, designed for low-income first-time homebuyers, is set at 35 percent To read more, click here SONYMA was formed...
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07 September, 2010 19:08
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Pearl Street Diner to celebrate opening
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The Pearl Street Diner will officially open for business with a ribbon-cutting ceremony on Wednesday The diner is located at 40 N Pearl St Owners Tony Mitsios, his father, Nicholas Mitsios, and Milt Orietas said last year that they were investing $250,000 to convert the former optical store into a retro-themed restaurant The 16-story building houses...
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07 September, 2010 19:08
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Cuomo announces SUNY agreement
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New York Attorney General Andrew Cuomo said an agreement has been reached with the State University of New York that will protect students from “deceptive and unfair credit card marketing” SUNY has adopted Cuomo’s Student Credit Card Reforms for Colleges and Universities It will implement the policies at all 64 campuses Cuomo is...
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07 September, 2010 17:09
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Credit counseling group receives $200K grant from Chase
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Consumer Credit Counseling Service has received a $200,000 grant from Chase Card Services to support programs that teach financial literacy The funding will go to Consumer Credit Counseling Service’s Family Financial Fitness Program, which provides incentives to parents of school-age children to learn financial literacy skills and then put those...
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07 September, 2010 15:10
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Saratoga meet ends with dip in attendance, wagering
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Even an extra four days of racing couldn’t boost average betting and attendance levels at Saratoga Race Course this summer, according to data released Sept 6 The annual thoroughbred horse racing meet in Saratoga Springs, New York, wrapped up on Monday The meet contained 40 days of racing—the longest in more than a century The New York...
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07 September, 2010 15:10
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Law allows insurance companies to make deposits in credit unions
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Insurance companies may now put some of their money into credit unions in New York state Gov David Paterson signed the measure into law late last month Previously, insurers were only permitted to deposit their funds in banks They now may purchase up to $250,000 in credit union share certificates Credit unions say this will benefit the public by giving...
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05 September, 2010 05:12
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Peter X. Kelly’s 21-Year-Old Hudson Valley Standby
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NYT > New York
Westchester & New Jersey Dining | Piermont A Local Hangout in a Star Chef’s Empire By EMILY DeNITTO Published: August 27, 2010 Sign In to E-Mail Print PETER X KELLY is a culinary star He beat Bobby Flay on “Iron Chef America” in 2007 He was nominated for a 2010 James Beard Foundation award for best chef in the Northeast And...
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03 September, 2010 19:07
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New York is No. 5 for homebuyer credits
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New York accounted for 41,960 claims under the three federal first-time homebuyer credits offered since 2008, according to a report released by the Government Accountability Office New York residents claimed $276,922,301 through the credits offered under the Housing, Recovery and Assistance acts California topped the list, with 116,896 claims, followed...
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03 September, 2010 19:07
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Hodgson Russ sued over Fla. office closing
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Hodgson Russ LLP President and CEO Gary Schober is among 17 partners named in a lawsuit filed on behalf of five former equity partners seeking damages for what they claim was the improper closing of the firm’s Boca Raton, Fla, office The suit, filed in the 15th Judicial Circuit Court in Palm Beach County, names attorneys Yueh-Mei Kim Nutter,...
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03 September, 2010 18:07
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Albany airport acts as ‘safe haven’ in advance of Hurricane Earl
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Albany International Airport is beginning to receive planes relocating from New England in advance of Hurricane Earl’s arrival The National Weather Service says a “large but weaker Hurricane Earl is heading for southeastern New England" The Weather Channel said New England, especially Cape Cod, “could see the brunt of Earl’s...
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