Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Bristol-Myers Squibb to acquire Georgia drug developer
NEW YORK — The biopharmaceutical maker Bristol-Myers Squibb Co. has reached an agreement to acquire clinical-stage biopharmaceutical company Inhibitex, Inc. Bristol-Myers (NYSE: BMY), based in
Cornell names new Johnson School dean
ITHACA — The Samuel Curtis Johnson Graduate School of Management at Cornell University will have a new dean later this year. Soumitra Dutta, a professor of business and technology and founder and faculty director of a new media and technology innovation lab at INSEAD in Fontainebleau, France, will assume the post July 1. INSEAD is
SRC, Lockheed, Le Moyne develop new certificate program
SRC, Lockheed Martin, and Le Moyne College in Syracuse have partnered to develop a new certificate in government systems management. The program will introduce students
WyckWyre gears up for growth in 2012 after big 4th quarter
CONKLIN — WyckWyre ended 2011 on a strong note that company officials hope sets the stage for additional growth this year. In the fourth quarter, sales at WyckWyre, a division of Maines Paper & Food Service, Inc. that offers online restaurant job postings and searches, increased 69 percent, says Lisa DiVirgilio, marketing manager. “It was
Finger Lakes Technologies pushes into new territory
Finger Lakes Technologies Group (FLTG) has finished a more than 30-mile extension of its fiber network into the Elmira area and now has its sights set on more expansion east, west, and south. The extension into the Southern Tier is a joint venture with Empire Telephone of Prattsburgh. The new entity is known as FLTG South with
Small-business optimism improves in December
Rising sales expectations and declining concerns about future business conditions contributed to a more hopeful outlook among small-business owners in December, according to a survey from the National Federation of Independent Business (NFIB). The NFIB’s Small Business Optimism Index edged up 1.8 points in December to 93.8. It was the fourth straight month the index registered an
Dempsey Agency expands into Auburn, Weedsport
AUBURN — The Robert C. Dempsey Agency spent much of last year expanding to the north, launching a presence in Auburn in January, and then just two months ago, opening an office in Weedsport. The insurance agency’s home office is in Groton and it has a second location in Moravia. To grow, the firm needed
Staffing firms are upbeat about CNY job market in 2012
Central New York seems poised for strong job-placement market in 2012, according to officials from a pair of major staffing firms operating in the area. “I think we’re getting stronger,” says Peter DeBottis, branch manager at Manpower’s Syracuse office. “The local companies are talking to us more about their needs.” Manpower is a division of the Milwaukee–based
Study: 401(k) investors seek more balanced portfolios
Participants in 401(k) plans are using balanced approach in their portfolios rather than completely shunning stocks to avoid the turmoil of up-and-down markets, according to a recent national report. The report, released jointly by the Employee Benefit Research Institute (EBRI) and Investment Company Institute (ICI) in December, defined equities as including equity funds, company stock, and
Hamilton Group owners launch accelerated vendor-payment venture
SALINA — Kenneth Walsleben does not know how to twist time. Yet it sounds like his new business will send clocks spinning in all different directions. The business, Hamilton Capital Resources, LLC, aims to allow clients to take longer to pay their vendors — while simultaneously shortening the amount of time it takes those vendors
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.