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CXtec to pay $2 million in settlement with government
SALINA — CXtec will pay $2 million to settle claims it supplied government customers with products made in China. The Department of Justice said the
The president of Excellus BlueCross BlueShield will become CEO of the health insurer and its parent company at the beginning of next year, replacing retiring
Cedarville company plots growth for 2012
CEDARVILLE — Fermer Precision may be a small business in the hamlet of Cedarville, but the company has kicked off 2012 off in a big way with new equipment, new customers, and new affiliations with sister companies it gained when Fiber Instrument Sales (FIS) acquired Fermer in July 2011. In January, Fermer landed a contract
Meyda sees growth in LED lighting interest
YORKVILLE — The recent creation and sale of a chandelier featuring LED (light-emitting diode) technology by 2nd Ave Lighting reflects a growing trend parent company Meyda Tiffany is seeing across the lighting industry for energy-efficient options. The Medusa chandelier, featuring 120 bayonet-mounted LED lights and retailing for $45,000, was sold to a hotel in Saskatchewan,
Profit falls 46 percent at Beacon Federal in Q4
DeWITT — Profit at Beacon Federal Bancorp (NASDAQ: BFED) fell more than 46 percent in the fourth quarter to $763,000, or 13 cents a share.
Federal funds available for development projects
The state announced $1.2 million in grant funding under a program administered by the Northern Border Regional Commission (NBRC) intended to alleviate economic distress and
Tompkins Financial prices stock offering
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) will offer 875,000 shares of its common stock for $40 each. The banking company expects to raise
Tompkins Financial announces stock offering
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) is planning a $30 million stock offering. The banking company plans to use the proceeds for working
First Niagara adds indirect auto lending to portfolio
First Niagara Financial Group (NASDAQ: FNFG) is jumping into the indirect auto lending business. The Buffalo–based banking company said today it will provide a variety
New York home sales climb in February
New York realtors sold nearly 10 percent more homes in February of 2012 than they did during the same month last year, according to the
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