Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Advanced Motors & Drives to cut 72 jobs in DeWitt
DeWITT — Advanced Motors & Drives, a subsidiary of Nidec Corp. (NYSE: NJ), announced it will eliminate 72 jobs at its DeWitt plant in the
Rombel on Business: February U.S. jobs report shows signs of improvement
Friday’s monthly nonfarm payrolls report from the U.S. Bureau of Labor Statistics (BLS) provided fresh evidence of a bounce back in the U.S. labor market
Elmira Savings Bank to pay cash dividend of 23 cents a share
ELMIRA — The Elmira Savings Bank (NASDAQ: ESBK) board of directors has declared a quarterly cash dividend of 23 cents per share on its common
New York’s initial jobless claims tumble 16 percent in latest week
The number of people applying for new unemployment-insurance benefits in New York state in the week ending Feb. 22 plummeted by 3,572, or nearly 16
New York Fed: Harsh winter weather hurts economic activity in region in early 2014
The Federal Reserve Bank of New York today reported that economic activity in the region, “declined modestly” in the first few weeks of 2014, hampered by
Allegiant to receive $100,000 grant to offer Syracuse-Myrtle Beach flights
SYRACUSE — Allegiant Air will receive a $100,000 federal grant to help it offer nonstop flights between Syracuse and Myrtle Beach, S.C., starting in late
ConMed maintains dividend at 20 cents a share
UTICA — ConMed Corp.’s (NASDAQ: CNMD) board of directors has declared a quarterly cash dividend of 20 cents a share, payable on April 7 to
Chemung Financial declares quarterly dividend of 26 cents
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG) announced that its board of directors has approved a quarterly cash dividend of 26 cents a share. The
New York’s initial jobless claims dip 4 percent in latest week
The number of people applying for new unemployment-insurance benefits in New York state in the week ending Feb. 15 fell by 923, or nearly 4
Bank of Cooperstown to open new branch in Oneonta this year
ONEONTA — The Bank of Cooperstown recently announced that it plans to open a new full-service branch office on Main Street in Oneonta in mid-2014.