Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
SUNY Upstate completes work on Geneva Tower residence hall
SYRACUSE — The State University of New York (SUNY) Upstate Medical University completed surgery on a high-rise in Syracuse, converting it from the vacant Townsend Tower into a residence hall it now calls Geneva Tower. The building, which officially opened Aug. 2 at 500 Harrison St., now holds 139 apartments in one-bedroom, two-bedroom, and four-bedroom […]
Study: In 2011, more than half of doctors adopted an EHR system
Last year, 55 percent of physicians had adopted an electronic health record (EHR) system. That’s according to a study report issued this July by the National Center for Health Statistics (NCHS) unit of the Centers for Disease Control and Prevention. Younger doctors are embracing EHR at higher rates, according to the study. It found that
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
Let’s Grow NY’s Economy, Promote Opportunity and Prosperity for All
A recent, important report from the State Budget Crisis Task Force discussed the many fiscal challenges facing state and local governments largely driven by the explosive growth of Medicaid spending, unfunded mandates, and underfunded public-pension liabilities, and other factors. The recent rise in New York’s unemployment rate to about 9 percent also provides further impetus
Financial Quarterly Investment Panel
Editor’s Note: The Investment Panel feature appears regularly in our Financial Quarterly publication, spotlighting area investment professionals and their views on the markets and investments. In this issue, we chat with Jim Burns and John Lombardo. We interviewed them separately via telephone, but asked the same questions. James (Jim) Burns, president of J.W. Burns
Beacon acquisition makes Berkshire Hills a player in Central New York
Editor’s Note: The Newsmaker Interview portion of Financial Quarterly features a conversation with a CEO of a major Central New York business every quarter. The story discusses key financial issues affecting the newsmaker’s company and industry. By Kevin Tampone Journal Staff DeWITT — A new bank is moving into the region in a
ConMed Q2 profit jumps, but firm lowers sales forecast slightly
UTICA — Medical technology company ConMed Corp. (NASDAQ: CNMD) reported a 19 percent increase in net income and 20 percent rise in earnings per share in the second quarter on a 3.5 percent increase in total sales. Sales were driven higher by a 7.5 percent climb in revenue from single-use surgical products. However, the Utica–based
Cazenovia Equipment Co. plots path to growth after fire
CAZENOVIA — Cazenovia Equipment Co. is plowing ahead toward growth despite having to build a new base of operations after a fire decimated its headquarters last year. The farm and landscaping equipment dealer is on pace to generate about $80 million in sales in its current fiscal year, which ends Nov. 1 — up from
New milk plant planned for Cayuga County
AURELIUS — Work could begin soon on a new milk-processing plant that will employ more than 50 people initially and could attract other new businesses to Cayuga County. A group of 26 dairy farmers in Cayuga, Onondaga, Tompkins, and Wayne counties formed a company, Cayuga Milk Ingredients, to build and run the planned plant. The
New owners aim for turnaround at Cortland Line Co.
CORTLAND — A group of private investors is hoping to spark a turnaround at Cortland Line Co. after acquiring the business from its employees. A group of seven investors bought the fishing-line manufacturer July 18 from the firm’s employee stock ownership plan. Financial terms were undisclosed. The new owners are all friends and fishermen, says
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.