Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

ConMed cuts Q1 revenue forecast on coronavirus
UTICA, N.Y. — ConMed Corp. (NYSE: CNMD) on Tuesday reduced the first-quarter revenue expectations for its global business, based on the current status of the

Wegmans limits toilet-paper purchases after frantic buying
Wegmans announced it is limiting shoppers to the purchase of one family pack of Wegmans-branded bath tissue after a run on toilet paper and other

McMahon: Still no confirmed coronavirus cases in Onondaga County as of midday Monday
SYRACUSE, N.Y. — As of midday Monday, Onondaga County still had no confirmed cases of coronavirus, but 19 people are under quarantine following overseas travel.

Embassy Suites Destiny USA announces new general manager
SYRACUSE, N.Y. — Embassy Suites by Hilton at Destiny USA is promoting its assistant general manager to the top position. Justin Chapman will begin his

BINGHAMTON, N.Y. — The UHS health-care system announced it has appointed Rick Borschuk as its senior VP and CFO, a position he has held on

Syracuse basketball’s Hughes named first-team all-ACC
SYRACUSE, N.Y. — Syracuse basketball forward Elijah Hughes, who led the ACC in scoring this season, has been named first-team all-conference, the ACC announced Monday

Number of New York coronavirus cases rises; state of emergency declared
(Updated at 3:30 p.m. on 3/8/20) ALBANY, N.Y. — Gov. Andrew Cuomo on Sunday confirmed additional cases of novel coronavirus, bringing the statewide total to

MACNY announces SRC’s Daniel Brown as 2020 Innovator of the Year
DeWITT, N.Y. — MACNY, the Manufacturers Association, on Friday announced that it has selected Daniel Brown of SRC, Inc. as the 2020 Innovator of the

Community Bank System to pay Q1 dividend of 41 cents in April
DeWITT— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 41 cents per share on its common stock. The dividend will be payable on April 9 to shareholders of record as of March 16. The dividend is the same amount that Community Bank paid in each of the
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DeWITT— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 41 cents per share on its common stock.
The dividend will be payable on April 9 to shareholders of record as of March 16. The dividend is the same amount that Community Bank paid in each of the previous two quarters, after it increased the payment by 8 percent from the previous dividend of 38 cents a share.
The new dividend of 41 cents represents an annualized yield of about 2.4 percent, based on Community Bank’s current stock price.
Community Bank System operates more than 230 branches across upstate New York, northeastern Pennsylvania, Vermont, and western Massachusetts through its banking subsidiary, Community Bank, N.A. With assets of nearly $11.5 billion, the banking company is among the nation’s 150 biggest financial institutions.
Broome County hotel occupancy rate edges up in January
BINGHAMTON — Hotels in Broome County welcomed ever so slightly more guests in January than in the year-ago month, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county inched up 0.2 percent to 40.6 percent in January, according to STR, a Tennessee–based hotel market
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BINGHAMTON — Hotels in Broome County welcomed ever so slightly more guests in January than in the year-ago month, according to a recent report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county inched up 0.2 percent to 40.6 percent in January, according to STR, a Tennessee–based hotel market data and analytics company. It was the seventh consecutive monthly increase in occupancy.
Broome County’s revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, rose 0.8 percent to $32.90.
Average daily rate (or ADR), which represents the average rental rate for a sold room, was up 0.7 percent to $81.04 in January.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.