David Robinson, The Buffalo News
print logo

David Robinson

Editor

David Robinson is the deputy business editor for The News, where has worked since graduating from Syracuse University in 1985. A New Hampshire native, he started out in the News' Tonawanda bureau and moved into the business news department in October 1987, exactly a week after the stock market crash.

Philip Wilcox, a local labor leader who has been actively involved with energy issues for many years, has been named to the state Public Service Commission. Wilcox, a business representative for Local 97 of the International Brotherhood of Electrical Workers union, was confirmed this week by the state Senate. He is the only Western New Yorker on the commission and the f…

By now, the sprawling solar panel factory in South Buffalo was supposed to be buzzing with activity. If everything had gone according to the original plan, hundreds of factory workers would be working at the Tesla Inc. factory. Instead, on a recent weekday afternoon, only about 50 vehicles were in the factory's parking lot, which has spaces for 500, and just a couple…

Dottie Gallagher-Cohen says there's a lot for the Buffalo Niagara Partnership to be happy about. The business advocacy group she leads was part of statewide efforts that will result in lower worker's compensation premiums for companies and helped convince Albany to allow ride-hailing services to operate across upstate New York. http://buffalonews.com/2017/06/07/state…

Something happened to the Buffalo Niagara unemployment rate that hadn’t occurred during any May since 2012. The jobless rate went up. With the pace of job growth slowing this spring, the local unemployment rate rose to 4.8 percent during May, up from 4.5 percent in May 2016, the state Labor Department reported Tuesday. It was the first time that the May jobless rat…

National Fuel Gas Co. is increasing its quarterly dividend by 2.5 percent, the Amherst-based energy company said Thursday. The company is raising its quarterly dividend by a penny per share, to 41.5 cents per share – the 47th straight year that National Fuel has increased its payment to shareholders. The increased dividend will be payable July 14 to shareholders of…

Buffalo-based drug developer Athenex Inc. went public Wednesday. Athenex priced its initial public offering of its stock at $11 a share, which is at the low end of its already reduced price range. But the shares fared better once the stock started trading shortly after 11 a.m., rising to $13 in late afternoon and closing at $12.56. The company's sale of 6 million …

Ecology & Environment's third-quarter profits jumped 44 percent as the Lancaster-based environmental services firm's cost-cutting efforts and sharply lower income tax expenses offset a 4 percent drop in sales. E&E said it earned $252,000, or 6 cents per share, during the quarter that ended in April, up from $175,000, or 4 cents per share, a year ago. While th…

Buffalo-based drug developer Athenex Inc. said Wednesday it is pricing the initial public offering of its stock at $11 a share, which is at the low end of its already reduced price range. The company's sale of 6 million shares of its stock will raise $66 million in gross proceeds for the company, which is developing a series of cancer drugs and plans to operate a major …

New York State is making a big bet on Athenex Inc. and the cancer drugs it is developing. But the payoff for the more than $200 million that the Cuomo administration has set aside for Athenex and a new drug production facility in Dunkirk is far from assured, according to regulatory filings associated with the company’s initial public offering. Athenex is a high-ris…

Tesla Inc.’s solar roof is off to a good start, and that bodes well for the sprawling solar panel factory that the company plans to open in Buffalo later this year. Less than a month after the company started taking orders for their solar roof tiles, Tesla executives told analysts from investment firm RBC Capital Markets that the new product already is “sold out wel…

Columbus McKinnon lost $4.7 million during its fourth quarter as expenses related to a German acquisition and the retirement of its former CEO offset earnings from its operations that were stronger than analysts expected. Columbus McKinnon's loss of 22 cents per share, compared with a profit of $5.9 million, or 29 cents per share, in the same quarter a year ago, stemme…

Elon Musk expects Tesla's new solar roof to be big, both for the company and the massive solar factory it will operate in Buffalo. But Musk isn't expecting the solar roof to be an overnight success, and that means the highly anticipated new product likely won't lead to a gush of new orders that will accelerate production at the RiverBend factory. In fact, Musk said l…

Ronald J. Tanski is frustrated. The CEO of National Fuel Gas Co. feels the Amherst-based energy company is being treated more harshly by state regulators than other utilities in the state after regulators rejected National Fuel's plans for a major pipeline expansion and slashed its utility rate hike request by 86 percent. He feels ignored by top state officials, incl…

Tesla's solar panel factory in South Buffalo is getting closer to launch. More than six months after unveiling sleek solar roofing tiles that are expected to be a primary product of the sprawling RiverBend factory, Tesla started to take orders for solar roofs from customers Wednesday. [Gallery: SolarCity unveils new solar roof styles] The announcement is a key ste…

Tesla Inc. plans to start taking orders for its solar roof on Wednesday, Elon Musk tweeted today. The long-awaited solar roof is expected to be a major product for the SolarCity factory that is expected to begin production of solar products later this year. Taking orders for the solar roof is the first step in gearing up for production to start. The first solar roofs…