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Manufacturing & Engineering
New York manufacturing index plunges below zero in August
Business conditions for New York manufacturers fell apart in August, according to a monthly survey from the Federal Reserve Bank of New York. The general business conditions index in the New York Fed’s Empire State Manufacturing Survey, which was released Aug. 15, plummeted 13.2 points to -5.9. It is the first time the index dropped […]
Medical-device firms prepare for new tax
Sound bites erupted with such force after the Supreme Court’s decision on the national health-care reform law that it might have been easy to overlook a new challenge for a local industry. The law includes a 2.3 percent tax on the sale price of medical devices as part of its funding stream. Economic developers have
Prices on construction materials drop in July
The cost of some key construction materials fell in July for the third month in a row, according to a new analysis from the Associated
Comptroller calls for Thruway to examine other options before hiking tolls
State Comptroller Thomas DiNapoli is urging the New York State Thruway Authority to evaluate all of its options before implementing a toll increase on commercial
Survey: Conditions soured for New York manufacturers in August
New York manufacturers reported tough conditions in August in a survey the Federal Reserve Bank of New York released this morning. The general business conditions
ConMed to acquire Viking Systems
UTICA — ConMed Corp. (NASDAQ: CNMD) announced today it will acquire Westborough, Mass.–based Viking Systems, Inc. (OTCBB: VKNG) in a $22.5 million deal. Viking develops
Chobani founder discusses company’s growth on CNBC
Chobani founder Hamdi Ulukaya took a break from watching the Olympics in London to appear live Friday morning on CNBC’s “Squawk on the Street” show
DeWITT — Inficon (SIX Swiss Exchange: IFCN) earned $9.1 million in the second quarter, down from $10.7 million a year earlier. Earnings per share for
Anaren reports decline in sales and profit
DeWITT — A nearly 20 percent drop in sales resulted in a more than 30 percent profit plunge in the fiscal fourth quarter at Anaren, Inc. (NASDAQ; ANEN), which reported its earnings Aug. 6 after the market close. Anaren’s net sales for the quarter ending June 30 fell 19.1 percent to $38.2 million from $47.2 million
New York Brace Systems bolsters doctors, patients
SYRACUSE — A new orthopedic-equipment provider in Syracuse aims to lend doctors a crutch and support patients who are learning how to strap on their knee braces. New York Brace Systems specializes in equipment ranging from splints to continuous passive-motion machines, which move joints following surgery. The equipment provider, which is located in suite 112
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