Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Nasiff pumping up its EKG business in Hastings
HASTINGS — A small firm to the north of Syracuse is keeping its lifeblood flowing in the high-pressure medical-device industry. That company is Nasiff Associates, Inc. It specializes in cardiology equipment — electrocardiograms, also known as EKGs or ECGs — in its headquarters at 841-1 County Route 37 in Hastings. “In 1989 I decided to […]
Growing Galson Laboratories expands in Hawaii, Canada
DeWITT — Galson Laboratories has been growing since the start of 2012 with new locations in new geographies and acquisitions to start off 2013. The company announced two acquisitions in January that will add to operations it established in 2012 in Hawaii and Canada. Based in DeWitt, Galson provides laboratory testing services to the industrial
Endicott IT firm expects more growth in 2013
ICS is putting ‘big emphasis’ on growing its Syracuse business ENDICOTT — An Endicott–based information-technology firm that broke into the Syracuse market three years ago expanded its workforce in 2012 and expects more growth ahead in 2013. ICS Solutions Group added nine people to its staff last year and already hired three more
Topshelf trying to shake up region’s bartending classes
BALDWINSVILLE — Mixology will be on tap at a new Central New York bartending school, but its course catalog also includes a long menu of other skills. “Anyone can memorize an Alabama Slammer,” says Jeffrey Rogers, the founder and director of Topshelf Bartenders. “What I’m training students in is what goes into this gin. Why
Binghamton gets $100K in grants to carry on energy-efficiency program
BINGHAMTON — The city of Binghamton has received $100,000 in grants to continue for a third year a program that retrofits homes and places of business to make them more energy efficient. The Energy Leadership Program secured a $50,000 grant from the Binghamton–based Stewart W. and Willma C. Hoyt Foundation. It also received a $50,000
Upstate real-estate indicators strengthen in 4th quarter
Upstate New York’s real-estate market showed some signs of stirring in the fourth quarter of 2012, according to new data. The Siena (College) Research Institute (SRI) released its real-estate sentiment scores for the fourth quarter on Jan. 24. They showed upstate residents’ views brightening to the point where optimism outweighs pessimism. Current real-estate sentiment in
Charges yield lower net income at First Niagara
Charges related to collateralized mortgage obligations and job cuts helped push profit lower at First Niagara Financial Group, Inc. in the fourth quarter. Net income available to common shareholders at Buffalo–based First Niagara (NASDAQ: FNFG) totaled $53.5 million, or 15 cents a share, for the period. That’s down from $58.5 million, or 19 cents a
Editor’s note: The Investment Q&A feature will appear regularly in the Banking & Wealth Management special reports of The Central New York Business Journal, spotlighting area investment professionals and their views on the markets and investments. In this issue, Jim Burns, president of J.W. Burns & Company in DeWitt, chatted with Adam Rombel, editor-in-chief, via
Profit increases in Q4, full year at M&T Bank
Net income at M&T Bank Corp. (NYSE: MTB) rose to $296 million in the fourth quarter from $148 million a year earlier. Earnings per share for the period totaled $2.16, up from $1.04 in the fourth quarter of 2011. Although there were no unusual items in M&T’s 2012 fourth quarter, the year-earlier period included several
Lenders prepare for new rules on mortgages
Mortgage lenders across the region and country are likely to spend some time over the next year preparing for new rules coming from the Consumer Financial Protection Bureau (CFPB). The CFPB and the new lending rules it’s issuing stem from the financial crisis that began in 2008 and the actions by some lenders that led
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.