Batavia paper switches to Buffalo printer

The Batavia Daily News is now being published in downtown Buffalo.
The Daily News ran its own presses for the last time on Friday. Its 13,000 daily copies will now be printed by the Buffalo News.
The Batavia newspaper’s five pressmen are being laid off, along with two maintenance workers, a mailroom employee and 15 to 20 […]

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Alamo RMA awards contract on long-awaited 281/1604 interchange

The Alamo Regional Mobility Authority awarded Williams Brothers Construction and Jacobs Engineering Group Inc. the design/build contract for the U.S. 281/Loop 1604 interchange in North San Antonio.
The total value of the construction is estimated at $109 million. The value of the design contract alone is $9.1 million. The purpose behind the project is to ease […]

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Spirit net income rises in Q2

Spirit AeroSystems Inc. reported Tuesday that net income in the second quarter rose to $55 million, compared to the $8 million loss in net income the company reported in the second quarter of 2009.
Revenues at the Wichita-based aircraft supplier dipped slightly year over year, down to $1.056 billion from $1.06 billion
Earnings per share rose to […]

Duke Energy slashes Indiana smart-grid plan

Duke Energy goes back to Indiana regulators next week looking for approval of a scaled-down proposal for smart grid operations in that state.
Despite the promise of more efficient energy use, greater reliability and new services, smart grid is often proving a tough sell. It certainly was in Indiana. In November, the Indiana Utility Regulatory Commission […]

S&P downgrades West Penn Allegheny bonds

Standard & Poor’s Ratings Services lowered its rating to BB- from BB on $758 million of 2007 bonds issued for the West Penn Allegheny Health System, the rating agency announced on Friday. The outlook was stable.
“The downgrade reflects West Penn’s difficulties fully reaching targeted financial expectations set by both prior management at the time of […]

Manpower: More Raleigh-Cary employers plan to hire in 3Q

More Raleigh-Cary employers plan to hire during the third quarter, giving hope to those seeking jobs.
According to Manpower’s quarterly employment outlook survey, 19 percent of employers in the Raleigh-Cary area plan to hire in sometime during July, August and September while just 5 percent plan to cut their staffs.
The result is a net employment outlook […]

Small Business Week focuses on legislation

As part of national Small Business Week, President Barack Obama is urging Congress to pass a package of legislation aimed at helping small business.
Under the proposal, introduced in February, the $30 billion package would include tax relief for investing in small businesses, expansion of loan programs through the Small Business Administration as well as funds […]

Wall Street reform fails test

After months of negotiation and debate, far-reaching legislation to overhaul the rules of Wall Street failed a key test vote in the Senate on Wednesday, casting a shadow over Democratic efforts to push the effort forward.
The measure aims to stop bailouts, shine a light on complex financial products and strengthen consumer protection.
The vote was […]

Car buyers hold out for big bargains

Car shoppers took a wait-and-see approach in April, easing up on purchases as the lure of big incentives faded, with the hope that summer will bring a new flurry of deals.
The industry stayed on the road to recovery in April after last year’s dismal numbers, with most major automakers seeing double-digit sales […]

Executive pleads guilty to $200M tax fraud

A Michigan executive has entered a guilty plea in an Oregon court to charges that he participated in defrauding the U.S. government of more than $200 million in tax revenue.
John Parrott, entered his plea Thursday. Parrott is the former general counsel of Mt. Pleasant, Mich.-based GeoStar Corp., the parent of ClassicStar LLC.
ClassicStar offered wealthy individuals […]