Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Regulator finds ‘unsafe’ practices at Beacon Federal
SYRACUSE — The federal Office of the Comptroller of the Currency (OCC) found unsafe banking practices related to asset quality and risk management at DeWitt–based
ITHACA — A local software development company has added more than 100 employees in the past three years, and by the end of 2012 expects to reach more than $15 million in revenue. Around 2009, Envisage Information Systems, which provides recordkeeping systems and other software products for the retirement industry, had about 30 employees and
Profit slips 16 percent at Alliance Financial in Q2
SYRACUSE — Ongoing low interest rates pushed profit lower at Alliance Financial Corp. (NASDAQ: ALNC) in the second quarter, despite growth in the banking company’s loan portfolio. Syracuse–based Alliance Financial, the holding company for Alliance Bank, earned $2.9 million, or 61 cents a share, in the quarter, down 16 percent from $3.5 million, or 73 cents,
New York manufacturing activity rises in July
Manufacturing activity in New York picked up some speed in July after a deceleration in the previous month, according to the Federal Reserve Bank of New York’s Empire State Manufacturing Survey. The general business conditions index in the survey, which was released July 16, jumped 5.1 points to 7.4. That marked a reversal in course
retz advertising + design draws inspiration from new home
SYRACUSE — Donald Retz says his firm’s new headquarters on Syracuse’s Burnet Avenue is an ideal backdrop for the company. “Creatively, it’s inspiring to us,” says Retz, owner and creative director of retz advertising + design. “I love the noise of Interstate 690. It clears my head. It feels like you’re in Manhattan. For me,
AT&T customers in the greater Binghamton and Syracuse regions will soon see improved Internet coverage and voice performance due to enhancements the company has made
Tops to acquire 21 stores from GU Markets
Tops Friendly Markets has agreed to acquire 21 supermarkets in upstate New York and Vermont in a transaction expected to close by fall of this
State gains jobs, unemployment rate creeps up
New York added 15,400 private-sector jobs in June and grew its labor force by 105,000 people since last July, according to the state Department of
Income increases at Elmira Savings
ELMIRA — Net income rose 4 percent in the second quarter at Elmira Savings Bank, (NASDAQ: ESBK) to $1.36 million, or 42 cents per share.
Profit falls in second quarter at KeyCorp
KeyCorp (NYSE: KEY) generated net income from continuing operations attributable to common shareholders of $221 million in the second quarter, down from $243 million a
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.