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New year brings new pay-transparency law, minimum wage
The first thing employers should do, if they haven’t done so already, is make sure their employee handbook is up-to-date and includes anything new required under law, says Michael Sciotti, a partner with Barclay Damon LLP in Syracuse. His law practice includes defending employers, business owners, and company managers in all types of discrimination, harassment, […]
State law sets insurer-coverage requirements for hate crimes
A new state law prohibits insurance companies from canceling insurance, raising premiums, refusing to issue a policy, or declining to renew a policy solely on the basis that one or more claims have been made for a loss that is a result of a hate crime, New York Gov. Kathy Hochul recently announced. The new law will
AAA announces new director of branch operations
AAA Western and Central New York has promoted Josie Nicotra to director of branch operations. Over the past eight years, she has held several management roles with AAA, including manager of the Amherst and the Orchard Park travel and insurance centers, the AAA said in a Dec. 5 announcement. In her new role, Nicotra will oversee
Northeast College of Health Sciences names Quest as new VP of finance
Quest, who previously served as the Seneca Falls–based college’s controller, will oversee the work of the finance division in her new role. The division includes
New York manufacturing index turns negative again in December
The Empire State Manufacturing Survey general business-conditions index fell 16 points to -11.2 in December, pointing to a slowdown in manufacturing activity in the state. The general business-conditions index is the monthly gauge of New York’s manufacturing sector. The index had climbed 14 points to 4.5 in November after declining 8 points to -9.1 in
Ask Rusty: Will My Wife’s Benefit Change My Claiming Decision?
Dear Rusty: I’ll be 69 in April 2023, and my wife will be 59 [in about a month]. I’m still working and am trying to determine whether I should take Social Security at 69 or 70. My main question revolves around my wife’s future Social Security benefits and how they will affect my decision on
NBT Bank hires new talent acquisition manager
NORWICH, N.Y. — Catherine Raymond has recently joined NBT Bank as talent acquisition manager. Raymond brings more than a decade of experience she will use
Five Star Bank parent to pay fourth-quarter dividend in early January
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 29 cents per common share outstanding. The banking company will pay the fourth-quarter dividend on Jan. 3, to shareholders of record on Dec. 16. At the banking
M&T Bank to pay quarterly dividend of $1.20 a share on Dec. 30
M&T Bank Corporation (NYSE:MTB) recently announced that it has declared a quarterly cash dividend of $1.20 per share on its common stock. The dividend will be payable on Dec. 30 to shareholders of record as of the close of business on Dec. 1. M&T Bank Corp. is a financial-holding company headquartered in Buffalo. Its main banking
SBA offers tips, resources as COVID loan repayments begin
SYRACUSE, N.Y. — Throughout the COVID-19 pandemic, the U.S. Small Business Administration (SBA) made more than $390 billion worth of direct working-capital loans to more than 3.9 million small businesses. In the Central New York region alone, 5,638 loans totaling over $580.25 million were approved. Now, these COVID Economic Injury Disaster Loans (EIDL) are beginning
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