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KeyCorp continues cost-cutting efforts
KeyCorp (NYSE: KEY) remains on track to cut $150 million to $200 million in annual expenses by December 2013. The Cleveland–based banking company’s plans include closing up to 5 percent of its nationwide branch-office network, reducing staffing levels, and examining its contracts with third-party vendors, Key leaders said during a conference call Oct. 18, discussing […]
HSBC names new new head of corporate banking for Upstate
HSBC’s remaining businesses in upstate New York lost a major signpost when the bank sold its retail branch network in the region earlier this year. “The branch network gave us great visibility,” says Kevin Quinn, HSBC senior vice president and the new head of corporate banking for upstate New York. “I think what we learned
Higher mortgage-banking revenue, more net interest income, and a lower provision for loan losses drove profit higher at M&T Bank Corp. (NYSE: MTB) in the third quarter. Expenses also fell in the period by 7 percent from a year earlier as the integration of Wilmington Trust Corp., which M&T acquired last year, is now complete. Profit
Sensis system in place at airport in Alberta
DeWITT — NAV CANADA, the air navigation service provider in Canada, has deployed a Saab Sensis technology for monitoring aircraft at Springbank, Alberta. The system
Sales increase, earnings slip at PAR Technology
NEW HARTFORD — Sales were up for the third quarter at PAR Technology Corporation (NYSE: PAR), but income was down as the company said it
CenterState CEO revamps Grants for Growth
SYRACUSE — CenterState CEO has a new round of funding and new structure for its Grants for Growth program. State Sen. John DeFrancisco secured another
Bonadio Group continues expansion
UTICA — The Bonadio Group is adding to its Central New York presence once again, this time with the acquisition of an accounting firm in
CNY construction employment slips year-over-year in September
Central New York’s construction employment levels slipped over a 12-month period closing at the end of September, according to a recent analysis from the Associated
Crouse starts concussion-management and treatment program
SYRACUSE — Crouse Hospital has founded a concussion-management and treatment program. The program, part of Crouse’s sports-medicine program, will be headed by Dr. Paul Klawitter.
Kionix debuts Asian-language websites
ITHACA — Kionix, Inc., which manufacturers inertial sensors used in a variety of applications, launched four localized versions of its website for customers in Asian
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