Welcome to Business Journal News Network

March 22, 2017
My Account | Login |

        

  • Chemung Canal Trust Company to relocate its Auburn branch to building next door

    by Eric Reinhardt

     

    AUBURN, N.Y. — Chemung Canal Trust Company plans to relocate its branch office in downtown Auburn to the building next door.

    The branch will relocate from 120 Genesee St. to 110 Genesee St., a move “about 50 yards east from its current location,” Chemung Canal Trust said in a news release.

     

    Read More

  • New York manufacturing index dips in March

    by Eric Reinhardt


    The Empire State Manufacturing Survey general business-conditions index fell two points 16.4 in March.

    The index had climbed 12 points in February to its highest level in more than two years.

     

    Read More

  • Vacco named CEO of Confidential Planning

    by Journal Staff


    SYRACUSE, N.Y. — Confidential Planning, an independent Syracuse–based financial-services firm, announced it has promoted Dario J. Vacco to CEO, effective March 1.

    Confidential Planning is wholly owned by Pinnacle Holding Co., LLC — parent company of Pinnacle Investments, LLC. 

     

    Read More

  • People news: Hiscock Legal Aid Society names Hoveman board chair

    by Journal Staff


    SYRACUSE, N.Y. — Hiscock Legal Aid Society announced it recently elected Virginia A. Hoveman as its board chair. 
    She first joined the society’s board of directors in 2011 and most recently served as chair of its resource development committee. Hoveman is a partner at the Syracuse law firm, Bousquet Holstein, PLLC. 

    Read More

  • Tompkins Financial embraces ‘fintech’

    by Norman Poltenson

    ITHACA — Dictionaries define a “disrupter” as someone who throws normal order into turmoil or even chaos. Ask an historian to identify a disrupter, and the response might be Alaric I, who led the Visigoths in the sacking of Rome, or Genghis Khan, who commanded Mongolian hordes in the conquest of Asia and Central Europe. 



    Read More

  • North Country Region Employment Snapshot

    by Adam Rombel

    Below are three data sets that provide a snapshot of how the labor market in the seven-county North Country region has performed since the Great Recession of 2008-2009, using year-end data from the New York State Department of Labor.



    Read More

  • People news: Adirondack North Country Association names new board members

    by Journal Staff


    SARANAC LAKE — The Adirondack North Country Association (ANCA) recently announced the addition of two new members to its board of directors. 
    The nonprofit, regional economic-development organization added Steven Cacchio, president and CEO of Champlain National Bank, and Jennifer Potter Hayes, former executive director of View, an arts center in Old Forge. 


    Read More

  • UnitedHealthcare to acquire POMCO Group

    by Eric Reinhardt


    SYRACUSE, N.Y. — POMCO Group, a third-party administrator of self-funded health-care and risk-management plans, will soon have a new owner.

    UnitedHealth Group Inc. (NYSE: UNH) — parent company of UnitedHealthcare, the nation’s largest health insurer — on Monday released a statement indicating both firms “have entered into an agreement to integrate their third-party administration businesses.”

    The Minnetonka, Minnesota–based health insurer declined to disclose any financial terms of its acquisition agreement, including the purchase price.

     

    Read More

  • Tompkins Trust appoints new small business, regional commercial-lending managers

    by Journal Staff


    ITHACA, N.Y. — Tompkins Trust Company announced it has re-structured its commercial lending department, promoting Brad Totman to small-business lending manager, and Karen Parkes to Ithaca Region manager.

    Brian Bisaccio will serve as Syracuse Region manager and commercial lending manager for Cayuga, Cortland, and Onondaga counties, while Steve Hoyt continues as senior credit officer.

     

    Read More

  • Carrols reports Q4 profit of nearly $30 million

    by Eric Reinhardt


    SYRACUSE, N.Y. — Carrols Restaurant Group, Inc. (NASDAQ: TAST), the world’s largest Burger King franchisee, reported net income of $29.5 million, or 65 cents per share, in the fourth quarter, up from $7 million, or 16 cents, in the prior-year period.

    The profit increase “largely” reflected a $30.4 million “reversal of the valuation allowance previously established against net deferred income-tax assets,” the Syracuse–based company said in its earnings report.

     

    Read More

BUSINESS JOURNAL NEWS NETWORK

 

subscribe  |  log in



Back To Top^