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Full text of May 1 Federal Reserve statement on monetary policy decision
Below is the full text of the much-anticipated statement the Federal Reserve issued on Wednesday, May 1, laying out its monetary-policy plans regarding its securities purchases and interest-rate targets: “Information received since the Federal Open Market Committee met in March suggests that economic activity has been expanding at a moderate pace. Labor market conditions have […]
JPMorgan Chase plans for CNY middle-market growth
SYRACUSE — With some changes at the management level along with two new commercial-banking employees, JPMorgan Chase & Co. is poised to grow its middle-market business across the Central New York and Northern Central Pennsylvania region. On Jan. 1, JPMorgan Chase promoted Malcolm (Sandy) Wolcott from president of the upstate New York middle-market banking team
Oneida Wealth Management positions parent company for growth
ONEIDA — Oneida Financial Corp.’s new Oneida Wealth Management subsidiary not only better aligns the company’s financial services through its various divisions, but also positions
Bonadio Group makes first acquisition outside New York state
The Bonadio Group, which has used acquisitions to grow to become upstate New York’s largest independent accounting firm, is acquiring a Vermont firm for its
Tompkins Financial profit jumps in first quarter
ITHACA — Tompkins Financial Corp. (stock ticker: TMP) today reported net income of $11.5 million in the first quarter, up 47 percent from $7.8 million
Levene Gouldin & Thompson grows strategically
VESTAL — The natural-gas and oil drilling boom in northern Pennsylvania has paid big dividends for one of the Binghamton area’s major law firms. “Our oil-and-gas practice is helping to [spark] the firm’s growth,” says Jeffrey A. Loew, managing partner of Levene Gouldin & Thompson, LLP, headquartered at 450 Plaza Drive in Vestal. “It is
Excellus BCBS seeks those due ‘forgotten funds’
DeWITT — More than 9,100 individuals and companies in New York have forgotten more than $1.1 million in checks issued by Excellus Health Plan, including
Brown & Brown advises clients on health-care reform, adds employees
SYRACUSE — Brown & Brown Empire State, a unit of Florida–based Brown & Brown, Inc. (NYSE: BRO), has added employees to its Syracuse office in the past nine months. And the firm is also guiding its employee-benefits clients on dealing with the national health-care reform law. The Central New York Business Journal (CNYBJ) spoke separately
CDPHP files to take part in New York health-insurance exchange
Capital District Physicians’ Health Plan (CDPHP) today announced it has filed an application for participation in the New York Health Benefit Exchange. Consumers can purchase
“If you can’t convince them, confuse them.” — Harry S. Truman If you do not recognize the acronyms HIPAA and HITECH, you must read this column. Even if you do recognize them, but you provide any type of health or human service, I would strongly recommend that you read on. I met recently with
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