Factory output in New York at 3-year high, Fed says

Manufacturing is humming right along according to the October 2017 Empire State Manufacturing Survey.  The Federal Reserve Bank of New York called activity “robust” as the business conditions index climbed six points to 30.2, its highest level in three years.  The spike was led by solid gains in orders and shipments. Also, delivery times were slightly longer, and inventory levels decreased. Labor market indicators reflected a strong increase in employment and little change in hours worked.   Respondents…

Slight price break at the pump

 After several week of rising gas prices, costs have begun to decline and stabilize following hikes related to weather and refinery issues.  AAA Western and Central New York reports a 2-cent drop in the Buffalo area, lowering prices to $2.68 per gallon. The decrease is even better for Rochester as prces fell by a nickel to $2.59 per gallon of unleaded.  The Energy Information Administration’s said that gasoline inventories are on the rise. The increase in gasoline placed into storage may be…

Top stories for the week of Oct. 9

Here are some of this week’s top Buffalo-area business stories: GPS in a golf ball is happening, and a Buffalo-based company is leading the charge  Imagine having an app connected to your golf ball that can track the location of a shot and telling you the exact velocity, distance to the pin and spin rate, among other data points. This year's class of 43North winners is extremely diverse At a time when the technology industry struggles for answers to its gender and ethnic diversity issues,…

Ecology & Environment adds one new executive, promotes another

The management team at Ecology & Environment Inc. has grown by two, the Lancaster-based environmental engineering firm announced Thursday.  Todd Musterait joins E&E as senior vice president, corporate development. He makes the transition from WSP, where he led that company’s U.S. environmental business.  Colleen Mullaney-Westfall has been promoted to vice president of corporate regulatory and legal affairs. The University at Buffalo graduate has worked at E&E as in-house counsel for 18 years.

Home buyers beware: Prices keep climbing, inventory declining

It was more of the same in September for the Buffalo Niagara residential real estate market as sellers cashed out at higher prices and would-be buyers had less homes to choose from.  Median prices jumped 9.3 percent last month, reaching $147,500 from $135,000 for a single-family home. The average transaction rose 6.8 percent compared to a year ago, rising to $174,360 from $163,212.  It’s taking less time to sell, too. The Buffalo Niagara Association of Realtors said the days-on-the-market dropped…

Top stories for the week of Oct. 2

Here are some of this week’s top Buffalo-area business stories: Farm-tech company wins $1M grand prize in 43North A technology company from the Canadian province of New Brunswick that helps farmers detect and then treat illnesses in cows won the grand prize in this year’s 43North competition. SomaDetect plans to immediately set up a pilot project using its hardware sensors and software platform with dairy farmers in Western New York. CEO Bethany Desphande said the company expects to create…

Facebook high-rise building in San Francisco will have support of Taylor Devices

Facebook has signed on to lease what will be the third-tallest building in San Francisco, one that utilizes a seismic protection system manufactured in part by Taylor Devices Inc. The Fremont Tower will stand 802 feet when it is completed and Facebook has agreed to a $35 million deal to lease all 436,000 square feet of office space, totaling 33 floors. Officials from North Tonawanda-based Taylor Devices said the structure is arguably the most earth-quake resilient tall building on the West Coast…

2017 Legal Elite of Western New York

Legal Elite: Criteria Honorees must be a partner or of counsel at a law firm for at least five years or in a leadership position at the entity they serve for at least five years. Attorneys are chosen from internal and external nominations. Two points are awarded for an external nomination and one for an internal nomination. From there, points are accumulated to determine who is selected. Only 15 percent of attorneys at a particular firm are eligible, in order to avoid too many representatives from…

Buffalo Niagara airport about average in passenger survey

A national survey of passenger satisfaction finds Buffalo in the middle among medium-sized airports according to the J.D. Power 2017 North America Airport Satisfaction Study. On a scale of 1,000 points, Buffalo Niagara international Airport received a score of 782, ranking it average. The study takes into consideration six factors (in order of importance): terminal facilities; airport accessibility; security check; baggage claim; check-in/baggage check; food, beverage and retail. Sacramento International…