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ConMed boosts 2016 earnings forecast, after posting Q1 loss

UTICA — ConMed Corp. (NASDAQ: CNMD) reported on April 27 that it has increased its profit and revenue forecast for the rest of this year, as foreign-exchange rates won’t take as big a bite as previously expected. The Utica–based surgical-device maker now expects net earnings per share in the range of $1.95 to $2.05 for […]

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Financial Snapshot: the Balance Sheet

Spring has sprung, the grass is green, the books are closed, and the balance sheet looks clean.  Over the course of the last few months, I have had the privilege of presenting a number of sessions focused on how to read and understand financial statements. The sessions were well attended, and the depth-of- discussion questions

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CNY ATD announces CNY BEST nominees

SYRACUSE — The CNY ATD has announced nominees for the 9th Annual CNY BEST Learning and Performance Awards. The organization annually presents these awards to recognize excellence in learning and performance in the Central New York region. The awards put the spotlight on organizations that link learning to the strategic growth or success of organizations

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Speno opens solo law practice

BALDWINSVILLE — Attorney Rebecca M. Speno has opened her own law office at 136 E. Genesee St., Suite 2, in the village of Baldwinsville. Speno was previously an attorney at Bond, Schoeneck & King, PLLC in Syracuse. She tells CNYBJ that she decided to start her own law firm primarily because “in my field of

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EBRI: New hires continue to favor target-date funds for 401(k)s

Interest in target-date and other types of balanced funds remained “strong” through 2014, with younger plan participants more likely to hold target-date funds than older participants. That’s according to a new joint study that the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI) — both based in Washington, D.C. — released April

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Study: 60 percent of millennial college grads expect to still face student loans into their 40s

A new study from Citizens Bank, called “Millennial Graduates in debt,” shows that most recent college graduates with student loans underestimated their monthly payments and now expect to still be paying off their loans into their 40s. The research indicated that college grads age 35 and under with student loans now are spending nearly one-fifth

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Cayuga Centers combines HR, IT, and finance under new chief fiscal offer position

AUBURN — Cayuga Centers president and CEO Edward Myers Hayes recently announced he has restructured the agency’s executive team, promoting Elizabeth Palin to the new post of chief fiscal officer. Palin will oversee the integration of the finance, IT, and HR departments at Cayuga Centers. “This new position brings together agency-wide aspects of operations —

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Cybersecurity & Employee Benefit-Plan Fiduciary Duties: Going Beyond HIPAA

It seems as though we hear about new cybersecurity issues every day — from traditional hacking incidents to the increasingly sophisticated phishing, malicious apps and websites, social engineering, and ransomware attacks. Employee-benefit plan sponsors likely have a fiduciary duty to ensure participant information and plan assets are protected from the growing number of cyber threats

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START-UP NY program stalls on reporting results

On April 1, the state faced a deadline to release a report enumerating the results of the START-UP NY program, [which sets up tax-free areas for businesses associated with colleges and universities]. But no such report has been released, which is not surprising considering the abysmal track record this governor has demonstrated with transparency and

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It’s Getting Harder to Govern, And It’s Not Just Politicians’ Fault

We may not know who our next President of the United States is going to be, but here’s one thing that’s almost certain: he or she will take office with roughly half of the electorate unhappy and mistrustful. What happened to the notion that the U.S. President speaks for a broad coalition of Americans who

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