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David Robinson

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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.

Synacor Inc. shares tumbled by 18 percent this morning after the Buffalo-based internet content provider sold additional shares of its stock for $3.50 per share. The stock offering was priced at about a 16 percent discount to its $4.15 per share closing price on Wednesday. Secondary stock sales typically are priced below a stock's current trading price because the addit…

The second phase of the Buffalo Billion is evolutionary, not revolutionary. The first Buffalo Billion, launched three years ago by Gov. Andrew M. Cuomo, was focused on big projects. Each was aimed at creating hundreds of new jobs and jump-starting entire industries, while also giving a psychological pick-me-up to the Buffalo Niagara region’s battered psyche. [Relat…

Falling food prices are creating challenges for Tops Markets – and Frank Curci, the supermarket company's long-time CEO, can't remember another time like it. "This is the largest deflationary trend I've seen in my lifetime," Curci said in an interview Friday. "Deflation doesn't make it any better to do our business. Our business has a decent amount of fixed costs,…

Economist Gary Keith is bullish on Buffalo. The M&T Bank economist has been watching the Buffalo Niagara economy for a long time, mostly during the region’s dark days when it struggled with a rapidly shrinking manufacturing base and missed out on long periods of nationwide prosperity. These days, however, Keith sees a very different Buffalo – he calls it "Buf…

The Buffalo Niagara unemployment rate rose to 5.9 percent in February as a wave of retirements among the Baby Boomers left fewer local workers holding jobs, the state Labor Department reported Tuesday. Even with the modest increase in joblessness, the local unemployment rate remained below 6 percent during February for just the third time in the last 15 years. "These…

Thomas J. Hook, the Integer Holdings Corp. CEO who moved the former Greatbatch Ltd.'s headquarters from Clarence to Texas, has resigned as the medical products manufacturer's president and CEO. Hook's resignation after 11 years as Integer's CEO and 13 years after he joined the company caused the company's stock to tumble by 6 percent, or $2.60, to $38.10 per share on Mo…

Tesla Inc. plans to start taking orders in April for the solar roof shingles that it will begin making at its South Buffalo solar panel factory later this year, Elon Musk said Friday. Tesla unveiled four different designs for solar shingles at an event in Hollywood last October, but the electric vehicle maker still has not disclosed pricing details. The roof product is …

When it comes to technology jobs, the Buffalo Niagara region still is one of the industry’s backwaters. That’s a problem, because employment in the technology sector across the country is booming, growing roughly three times faster than the overall pace of U.S. job growth. Even worse, at a time of such rapid growth nationwide, the Buffalo Niagara region’s techn…

Gibraltar Industries has promoted Timothy Murphy to replace the retiring Kenneth Smith as chief financial officer of the Hamburg-based building products manufacturer. Murphy, 53, has worked at Gibraltar since 2004 and has been its treasurer since 2013. Before that, he was a senior manager at accounting firm KPMG. He has a bachelor's degree and a master's in business adm…

A plan to create a more self-contained power grid on the Buffalo Niagara Medical Campus that would enable it to better maintain operations during blackouts moved forward Thursday when the state awarded nearly $1 million in funding to the project. The Medical Campus plan was one of 11 projects statewide to win funding from a state-sponsored program to encourage the devel…

Buffalo Niagara employers are on a hiring spree to start 2017. The region added 7,000 jobs during February, buoyed by a flurry of hiring at local financial services firms, health and social services companies and temporary help agencies, the state Labor Department said Thursday. The February hiring spurt, which added jobs at a 1.3 percent annual pace, followed a stro…

The former Linde Air Manufacturing complex on Chandler Street is set to become an incubator for companies that are part of the Start-Up NY tax incentive program. The $10.6 million project by developer Rocco Termini will convert the building, which was built in the early 1900s and has been vacant for 14 years, into incubator space that initially will house four start-up …

The $24 million Curtiss Hotel is getting an addition $466,000 in tax breaks through the Erie County Industrial Development Agency to reflect the rising cost of converting the Franklin Street site into a 67-room upscale boutique hotel. The cost of the hotel project has jumped by more than $6 million since the IDA initially approved $575,000 in sales tax breaks for the ho…

A scaled-back redevelopment plan for the former Trico Building – one without the Buffalo Culinary School originally expected to be a key tenant for the project – will receive nearly $310,000 less in tax breaks from the Erie County Industrial Development Agency. The agency on Wednesday revised its incentive package for the $80 million project to reflect the changes…

Moog Inc. is getting $3.6 million in tax breaks from the Erie County Industrial Development Agency for a $32.6 million expansion project that is expected to create 42 new jobs at the motion control equipment maker's Elma campus. Moog, one of the Buffalo Niagara region's biggest employers with 2,500 workers locally, plans to build a 95,000-square-foot addition to its air…