Home > About BNE > Press Room > 2011 Archive > April

M&T reports strong 1st quarter profits

Apr-29-2011 — M&T Bank Corp. said Monday that first-quarter profits rose 36 percent, as lending income rose, credit costs fell and noninterest income surged despite regulatory changes that dampened fees from deposit service charges.

Rich seeks tax incentives for $3.4 million work at HQ

Apr-29-2011 — Rich Products Corp. plans to spend $3.4 million to upgrade and maintain the infrastructure of its world headquarters campus on the city’s West Side and has asked the Erie County Industrial Development Agency to chip in some incentives.

Profits soar 55% at First Niagara

Apr-29-2011 — First Niagara Financial Group, fresh off completing its third major purchase in two years, said first-quarter profits soared 55 percent, as its acquisitions paid off in higher revenues, commercial lending and market share, while credit quality improved.

CTG’s first-quarter profits rise 58%, beating forecasts

Apr-29-2011 — Higher demand for information technology staffing combined with a smattering of new health care solutions projects to boost Computer Task Group’s first-quarter profits by 58 percent.

First Niagara growth spurt isn't over

Apr-29-2011 — John R. Koelmel, a week after wrapping up First Niagara Financial Group's biggest acquisition ever, hasn't lost the urge to buy.

2 Canadian cos. set sites on area

Apr-29-2011 — Two Canadian companies have decided to open U.S. locations in the Buffalo Niagara. Fashion Village, a women’s clothing distributor has signed a lease to open a distribution center in Lewiston. Fashion Village decided to move the center to Lewiston to avoid paying high import tariffs.

UB Launches Life Sciences Academy

Apr-29-2011 — The iSciWNY workforce development program, created by the University at Buffalo's New York Center for Excellence in Bioinformatics and Life Sciences and Educational Opportunity Center (EOC), is collaborating with the West Seneca Central School District to create a first-of-its-kind academy that links high school students with potential employers in Western New York's growing life sciences industry.

Planning Board approves Canisius Science Hall

Apr-29-2011 — Canisius College is expected to begin work next month on the first phase of a $68 million Science Hall after the city's Planning Board gave its approval Tuesday.

International interest for LifeCell Dx

Apr-25-2011 — A Korean TV crew will be in Amherst on Friday at LifeCell Dx Inc., a company specializing in male infertility.

CCSVI may be result, not cause, of MS

Apr-25-2011 — Results of a study led by UB neurologist Robert Zivadinov suggest that chronic cerebrospinal venous insufficiency may be a result, rather than a cause, of multiple sclerosis.

Quality is the name of the game
for UB’s 15th president

Apr-25-2011 — A fourth-generation educator, it may have been inevitable that Satish K. Tripathi would become a university president.

Providing dental care to the world

Apr-25-2011 — Buffalo Outreach and Community Assistance (BOCA) is an organization dedicated to providing care to underserved areas, created and sustained by students in UB’s School of Dental Medicine.

Study links vitamin D levels
to age-related macular degeneration

Apr-25-2011 — Research by Amy Millen examines the link between vitamin D levels and age-related macular degeneration.

Promising Phase II Anti-cancer Src Kinase/Pretubulin Dual Inhibitor from Kinex Pharmaceuticals

Apr-25-2011 — Kinex Pharmaceuticals, LLC and Hanmi Pharmaceutical Co., Ltd. announced today the execution of a license agreement granting Hanmi Pharmaceuticals exclusive rights to their lead compound, KX01, for all oncology indications in selected Asian Territories.

Honoring a Nobel Laureate

Apr-22-2011 — Herbert A. Hauptman has won dozens of honors as a renowned mathematician, but none more prestigious than the one he received in 1985: the Nobel Prize in Chemistry. Hauptman, president of Hauptman-Woodward Medical Research Institute (HWI) and UB professor of structural biology, was the first mathematician to win the Nobel in chemistry.

Slow but Steady Job Gains Point to Region’s Recovery

Apr-15-2011 — The Buffalo Niagara region added jobs for the seventh straight month during March, solidifying the area’s slow recovery from the steep job losses it endured during the Great Recession.

Bank Buys Connecticut Insurance Brokerage

Apr-15-2011 — First Niagara Financial Group is pushing ahead with its expansion plans for New England, buying a Connecticut insurance brokerage even with its primary Connecticut bank deal not yet completed.

Commercial Banking in the U.S. and Standard Credit Products and Terms

Apr-12-2011 — Commercial banks are for-profit institutions that offer business and consumer banking services such as: business loans, cash management, checking, savings and money market accounts, time deposits, trust services and financial planning. They are categorized as federal, state member or state nonmember commercial banks, and all are insured by the FDIC (Federal Deposit Insurance Corporation). There are 7,760 commercial banks in the United States that range in size from small single branch institut

CME President & CEO to address Customs and Border Protection 2011 Trade Symposium

Apr-12-2011 — Canadian Manufacturers & Exporters (CME) President & CEO Jayson Myers has accepted an invitation to address the Customs and Border Protection (CBP) 2011 Trade Symposium, April 13, in Washington.

Schimminger Proposes R&D Seed Fund

Apr-12-2011 — A new state fund that would help underwrite research and development-based start-up companies is being championed by Assemblyman Robin Schimminger. Schimminger, the Town of Tonawanda Democrat and dean of the area’s state lawmakers, has proposed legislation that would create SEED-NY, a $25 million pool of money that would grant funds to start-up firms, especially those in emerging new technologies. The funding would be capped at $500,000 for most applicants, although biotechnology-based firms

BiNational Seeks to Improve Relations

Apr-12-2011 — The warm relations between the United States and Canada should be expanded to the economic benefit of both countries, officials said as they kicked off the 2011 BiNational Dialogue session.

Plan Expedites U.S.-Canada Truck Traffic

Apr-12-2011 — A new ExpressPass program for trucks using the Lewiston-Queenston Bridge should help alleviate traffic back-ups for all motorists. The ExpressPass program, instituted by the Niagara Falls Bridge Commission, is the first of its kind along the northern borders between the U.S. and Canada, which border each other along 11 states.

Buffalo Shoots up in National Small-Business Rankings

Apr-12-2011 — Western New York has risen dramatically in the latest national rankings of small-business vitality. The Buffalo area is No. 29 in the standings of 100 major metropolitan areas, as rated by The Business Journals, the online arm of Business First’s parent company, American City Business Journals Inc.

Direct Air Adds 2 Destinations from NFIA

Apr-12-2011 — Direct Air, the busiest of the three air carriers at Niagara Falls International Airport, is adding two more warm-weather destinations to its map.

Late-night Deal Averts Government Shutdown

Apr-12-2011 — WASHINGTON -- Congressional leaders and President Obama struck a late-night deal to avoid a government shutdown at midnight Friday.

Alpina to Build Batavia Plant

Apr-11-2011 — Batavia has landed a new manufacturing plant that will house operations for a South American company that specializes in producing high end dairy products.

ALPINA FOODS, GCEDC announce Decision TO LOCATE MANUFACTURING OPERATION IN BATAVIA, NY

Apr-08-2011 —

Bright Buffalo Niagara Offers Events and Resources

Apr-07-2011 — A consortium of over 15 regional organizations has launched Bright Buffalo Niagara (Bright), a community-driven initiative that will host a series of events for investors, entrepreneurs and other professionals looking to build a high-tech economy across the Great Lakes region, including in Southern Ontario.

Future plans unveiled for medical campus

Apr-07-2011 — It's one of Buffalo's great success stories and the Buffalo-Niagara Medical Campus showed off some big dreams for the future Wednesday night.

U.S. News ranks UB grad programs

Apr-07-2011 — Several UB graduate and professional schools—including the UB engineering, medicine, law, business and nursing schools—were recognized as among the best in the country by U.S. News and World Report in its annual ranking of “America’s Best Graduate Schools,” released on March 15.

Medical Campus Growth Has Only Begun

Apr-07-2011 — With thousands of new jobs and nearly 50 new companies, the Buffalo Niagara Medical Campus has evolved significantly over the past 10 years. But lots more is yet to come. That was the main message campus officials planned to deliver Wednesday night during an event to highlight its updated strategic plan.

Massive development at medical campus is detailed at forum

Apr-07-2011 — The developers and caretakers of the Buffalo Niagara Medical Campus provided an update Wednesday on one of the region’s burgeoning assets.

Pharma Production at Medical Campus

Apr-07-2011 — A new partnership will see small scale pharmaceutical manufacturing begin on the Buffalo Niagara Medical Campus.

Cleveland BioLabs shares jump

Apr-07-2011 — Cleveland BioLabs shares jumped by 10 percent Monday as the crisis at Japan’s nuclear power plants focused investors’ attention on the Buffalo biotechnology company’s anti-radiation sickness drug.

Upstate MedTech Commercialization Centre joins BIA/NYS

Apr-07-2011 — Our newest member is the Dr. Bruce A. Holm Upstate MedTech Commercialization Centre, a project of the Genesee County Economic Development Center (GCEDC), which is developing a 34-acre Med & Tech Park in Batavia, across the street from Genesee Community College (GCC).

U.S. Army Grant to Study Lung-Cancer Recurrence

Apr-06-2011 — Saikrishna Yendamuri, MD, FACS, Assistant Professor in the Departments of Surgical Oncology and Thoracic Oncology at Roswell Park Cancer Institute (RPCI), has been awarded a $555,103 grant from the U.S. Army to develop a way to help predict which lung-cancer patients are more likely to have their cancer recur after surgery.

RPCI Invited To Be Part Of NCI-Funded Immunotherapy Research Network

Apr-06-2011 — Roswell Park Cancer Institute (RPCI) is one of 27 North American research institutions that have been selected to be part of the Cancer Immunotherapy Trials Network (CITN), a new immunotherapy initiative funded by the National Cancer Institute (NCI). Kunle Odunsi, MD, PhD, FRCOG, FACOG, Director of the Center for Immunotherapy and Chair of Gynecologic Oncology at RPCI, will serve as Principal Investigator of the Institute’s role in this collaborative investigative effort.