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Thursday, September 02, 2010
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Profit at Community Bank rises 76 percent in Q2

7/23/2010 10:09:00 AM by Kevin Tampone

 

Community Bank System, Inc. (NYSE: CBU) earned $16.2 million in the second quarter, up more than 76 percent from a year earlier.

Earnings per share in the period totaled 48 cents, up from 28 cents in the second quarter of 2009. Analysts were expecting earnings of 41 cents a share, according to Yahoo Finance.


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by Eric Reinhardt

 

The New York State Energy Research & Development Authority (NYSERDA) today announced an award of $360,000 for Crouse Hospital in Syracuse to pay for a lighting retrofit project.

The award, funded by the federal economic stimulus package, will save Crouse more than $100,000 per year in energy costs, Dr. Paul Kronenberg, CEO of Crouse Hospital, said in a news release.


by Kevin Tampone

 

SRC, formerly Syracuse Research Corp., said today it won a federal contract worth up to $41.9 million for information-technology (IT) work.

The contract is from the Department of Homeland Security's Immigration and Customs Enforcement unit. SRC will establish and maintain a security operations center under the deal that will help protect IT infrastructure against cybersecurity threats.


by Kevin Tampone

 

The federal Court of Appeals has upheld several rulings on violations of patents owned by Syracuse-based Pass & Seymour/Legrand.

The U.S. International Trade Commission ruled in 2009 that a number of Chinese manufacturers and their U.S. distributors violated Pass & Seymour's patent rights. The appeals court has affirmed the earlier rulings in the case of seven of the nine manufacturers involved.


by Eric Reinhardt

 

The Syracuse area added 100 construction jobs between July 2009 and July 2010, making it one of 61 metropolitan areas nationwide that added construction jobs during that period.

The Utica-Rome area lost 400 construction jobs while the Binghamton area lost 100 construction jobs during the same 12-month stretch.


by Kevin Tampone

 

A new La-Z-Boy Furniture Galleries store is set to open in Auburn at 311 Grant St.

The store is the first for the chain in Auburn and the grand opening is set for Friday. The 12,500-square-foot location offers La-Z-Boy chairs, sofas, cocktail tables, and accent pieces including lamps, area rugs, wall art, and accessories.



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