M&T applies to receive $600 million from Treasury

BUFFALO - M&T Bank Corp. (NYSE: MTB) announced today it applied to participate in the federal government's $700 billion financial rescue program.

The application to receive $600 million through the program has received preliminary approval,

Survey says Upstate employers expect 8 percent rise in 2009 health-benefit costs

Employers in upstate New York expect to pay 8 percent more for their health plans in 2009, according to a new survey.

The Upstate data was part of a national survey on employer-sponsored health plans conducted by Mercer, a New York City-based

Philadelphia architectural firm to shutter Syracuse office

SYRACUSE - Francis Cauffman Architects plans to close its Syracuse office Friday, leaving nine people without jobs.

The firm will reassign three others who work in the local office. Laid off employees will receive severance and help finding new

Le Moyne College receives $50 million donation

SYRACUSE - Le Moyne College announced today it received a donation of $50 million from the estate of Robert and Catherine McDevitt of Binghamton.

The gift is one of the largest single donations ever made to a Jesuit college or university, Frederick

Community Bank won't seek government dollars

DeWITT - Community Bank System, Inc. (NYSE: CBU) will not apply for cash through the federal government's $700 billion program to stabilize the nation's financial system.

The company announced its decision Tuesday.

"We've produced high-quality

Applied Concepts keeps powering on

TULLY - Stephen Soos founded Applied Concepts, Inc. (ACI) 10 years ago and was its first employee.

Today, Soos is also a vice president and director of engineering at the company. Celebrating its 10th anniversary this year, ACI says it is a