Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
First Niagara plans pause in acquisitions
First Niagara Financial Group, Inc. (NASDAQ: FNFG) plans to slow down its recent run of acquisitions and focus on running its business more effectively and efficiently. “It’s time for us to hit the pause button on M&A and ensure we deliver on the promise,” President and CEO John Koelmel said during a Jan. 26 conference […]
Report: Health-care law increased insurance coverage of 19- to 25-year-olds
The 2010 federal health-care reform law has increased the portion of young adults with health-insurance coverage, according to a national report from the Employee Benefit Research Institute (EBRI). The percentage of individuals ages 19-25 with private health-insurance coverage rose from 51 percent in 2010 to 55.8 percent in the first six months of 2011, according
New York moves to set up health-insurance exchange
A health-benefit exchange for New York State is back on the table, and it could change the insurance market for small businesses. But at this point, experts say it’s unclear exactly how. Gov. Andrew Cuomo included legislation in his 2012-13 proposed state budget that would set up a health-insurance exchange in New York. The exchange
Excellus reopening enrollment for two plans in Oswego County
Excellus BlueCross BlueShield will begin taking new members for its family Health Plus and HMOBlue Option plans in Oswego County starting Feb. 1. Excellus, which is Central New York’s largest health insurer, had stopped enrolling new members in those plans in recent years. It closed the plans to new enrollees in 2005 but continued to
Greek Peak must find new lender following bank closure
VIRGIL — Greek Peak Mountain Resort must refinance several loans after regulators shut down its lender, Nashville–based Tennessee Commerce Bank, last week. Loans made to
Comptroller: Recovery seems to be weakening in New York
New York state’s economic recovery may be slowing, according to a report released this morning by Comptroller Thomas DiNapoli. The state lost 11,200 private-sector jobs
Upstate consumer confidence rises again in January
Consumer confidence increased for the third straight month in upstate New York in January as consumers indicated a growing willingness to spend under current conditions.
Oneida Financial Q4 profit rises nearly 11 percent
ONEIDA — Oneida Financial Corp. (NASDAQ: ONFC), parent company of Oneida Savings Bank, reported that its fourth-quarter profit rose almost 11 percent as net interest
New York dairy farmers receive lower prices for milk in January
Dairy farmers in the Empire State received an average of $20.30 per hundredweight of milk sold during January, down 40 cents from December, but still
Venture event seeks applicants
The 2012 Venture Forum, a partnership between the Center for Economic Growth (CEG) SmartStart UNYTECH program and Western New York’s Bright Forum, is looking for
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.