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Front Page > Business Today > Business News |
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HSBC sets eyes on Asia after stumbling in U.S. - 3/4/2007
LONDON - HSBC Holdings Plc, founded in Hong Kong and promoted in ads as "the world's local bank," is looking again to Asia for growth. |
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Comp reform puts state on right track - 3/4/2007
Curtis Screw Co. Chairman John Hoskins Jr. understands the burdens of New York's workers compensation system better than most. That's why he was one happy businessman last week after the state's political and business leaders struck a reform deal to cut workers compensation costs by 10 percent to 15 percent, while raising weekly benefits for injured workers by 50 percent over three years. |
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U.S. Treasury promoting direct deposit of checks - 3/4/2007
WASHINGTON (AP) - Forty percent of Americans surveyed by the government think paper checks are safer than direct deposits to a bank account. Not true, says the U.S. Treasury Department. |
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Business calendar - 3/4/2007
The Business Calendar runs each Sunday in the Business section. Notices of meetings, seminars and workshops of interest to the area business community should be sent to the Business News Desk of The Buffalo News, P.O. Box 100, Buffalo, N.Y. 14240, by the preceding Thursday, faxed to 849-4587, or e-mailed to fin@buffnews.com. |
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Cheap midwinter insulation tricks - 3/4/2007
Soon after Halloween, Sandy Wymore of Smithville, Mo., began weatherproofing her large farmhouse in preparation for winter's onslaught. With the help of daughter Audrey Easley, Wymore covered the interiors of more than 15 windows along the north and west walls of her 4,400-square-foot home with thick, heavy-duty plastic. Over the plastic, Wymore hung curtains she made from quilts, providing an additional barrier to the cold. |
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Corporate Earnings - 3/4/2007
EchoStar Communications Corp. said its fourth-quarter profit rose 15 percent to $152.6 million, or 35 cents per share, from $132.6 million, or 30 cents per share, during the same period a year ago. Quarterly revenue increased 17 percent to $2.58 billion from $2.20 billion. DISH Network added about 350,000 new subscribers during the quarter, giving the company 13.1 million subscribers as of Dec. 31, up about 1.1 million in a year. |
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EPA has reduced your car's mileage estimates - 3/4/2007
Some car owners are in for a little sticker shock - and not about the posted prices. Rather, those government estimates listed on mileage stickers are being revised downward. |
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How to locate pensions from past employers - 3/4/2007
At 45, James Vandeputte is still a long way from retirement. But, wisely, he's thinking ahead. He knows he is entitled to a traditional pension with monthly payments based on his work for an employer he left eight years ago. But he wonders how hard it may be to collect in 20 years or so when he's ready to retire. When he's ready to draw the pension, he wonders: "Do I just start making phone calls" to the previous employer? |
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Comair pilots ratify tentative agreement on concessions - 3/3/2007
ERLANGER, Ky. - Comair pilots agreed by more than a 2-to-1 margin Friday to accept wage cuts and other concessions the Delta Air Lines Inc. subsidiary said it needs to stay competitive and emerge from bankruptcy. |
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Buffett plans to begin hiring, training investment manager - 3/3/2007
OMAHA, Neb. - The world headquarters of Berkshire Hathaway Inc. may soon grow to more than 20 employees when chief executive Warren Buffett starts hiring young investment managers to eventually help replace him. |
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Toyota, GM post sales gains while Ford, Chrysler decline - 3/2/2007
DETROIT - The U.S. auto sales story line for nearly the past year has been Toyota Motor Corp. kicking the stuffing out of the Detroit Three, but there was a new twist in February. |
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Berkshire Hathaway reports sharply lower profits in quarter - 3/2/2007
Berkshire Hathaway Inc., the investment behemoth headed by billionaire Warren Buffett and the parent company of The Buffalo News, Thursday reported sharply lower profits for the fourth quarter of 2006 - but higher profits for the full year. |
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Japanese cars sweep CR's Top 10 list - 3/1/2007
DETROIT - Japanese automakers dominate Consumer Reports' latest auto reliability and survey rankings - but Americans again made gains. For the second time in 10 years, all the magazine's top-10 picks are Japanese. This year's list includes five new models: the Toyota RAV4, Infiniti G35, Toyota Sienna, Mazda MX-5 Miata and the Honda Fit. |
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State studies benefits of Empire Zone incentives - 3/1/2007
ALBANY - The Spitzer administration is reviewing benefits given to businesses by the Pataki administration and might seek refunds if certain promises - such as anticipated jobs - were not met by the companies. |
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Home Depot plans $2.2 billion revamp - 3/1/2007
ATLANTA - Home Depot Inc., the world's largest home improvement store chain, said Wednesday it will pump $2.2 billion into improving its business this year even as it expects lower earnings and slim sales growth, partly because of a continued slump in the housing sector. |
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Airbus to cut 10,000 jobs - 3/1/2007
PARIS - Airbus, steadily losing its market lead to Boeing Co., unveiled drastic plans Wednesday to follow in its U.S. rival's footsteps by cutting thousands of jobs, selling off manufacturing sites and outsourcing more work to external suppliers. |
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How to win a March Madness pool - 3/1/2007
NEW YORK - Didn't win the office Oscar pool? Don't worry - there's always March Madness. The famed NCAA college basketball tournament gives die-hard and fair-weather fans alike a chance to earn some cash by correctly predicting the outcome. |
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30 railroads, 7 unions reach labor accord - 3/1/2007
WASHINGTON - After more than two years of negotiations, U.S. freight railroads on Wednesday reached a new labor agreement with unions representing about 66,000 workers. |
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Corporate Earnings - 3/1/2007
NRG Energy Inc., which owns coal-fired power plants in the Town of Tonawanda and Dunkirk, posted a fourth-quarter loss of $30 million on costs for restructuring electricity supply contracts. |
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Time Warner Cable stock begins trading today - 3/1/2007
Time Warner Cable, the second-largest U.S. cable-television company, said sales and profit will rise more than 30 percent this year, helped by the acquisition of systems from Adelphia Communications Corp. |
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