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David Robinson

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.


And then there were 134. The organizers of the 43North business plan competition on Monday said they had narrowed their pool of 502 applicants down to 134 semifinalists that have cleared the first hurdle for a shot at winning a portion of the $5 million in prizes that will be handed out to eight winning companies in early October. This year's pool of entrants was the…

National Grid is trimming the size of the rate hike it wants to take effect next year, but the revised proposal still would increase an average residential customer's bill by 11 percent. National Grid's scaled-back proposal would add $8.93 to the monthly bill of an average residential customer who uses 600 kilowatt-hours of electricity. That's down from the $11.23 month…

The tide has turned on Tesla Inc. – and the turnaround shows just how precarious investors think the electric vehicle maker’s business is. Less than a month ago, Tesla's stock was riding high. Almost certainly too high for a company that lost $685 million last year and sold 85,000 luxury electric vehicles. No matter. Until Thursday, it was worth more on Wall Stre…

When it comes to borrowing money, consumers in the Buffalo Niagara region are a fairly conservative lot. We don’t borrow as much as most Americans. And we do a better job of paying it back. But that doesn’t mean we never get in over our heads. A little less than three of every 20 local consumers either were more than 90 days late on at least one debt or had a …

Buffalo drug development company Athenex Inc. has applied to Chinese regulators for a review of its Oraxol anti-cancer drug. The Investigational New Drug application to Chinese regulators "reflects our commitment to developing Oraxol as a global anti-cancer drug, as well as our plan to launch clinical studies in China for this product," said Dr. Rudolf Kwan, Athenex's c…

Washington, D.C., developer Douglas Jemal, who hopes to revitalize the vacant One Seneca Tower downtown, now is a Buffalo Niagara homeowner. Jemal, who has plans for a $100 million redevelopment of the 38-story Main Street skyscraper, purchased a home at 45 Nottingham for the listing price of $949,000 on June 30, according to documents filed with the Erie County Clerk's…

What's in your wallet? For many of us, the answer to that question hasn't changed much throughout the economy's long and steady recovery from the Great Recession: Not much more. Until recently. New data from the federal government show that our incomes finally started growing at a faster pace during 2015, potentially signalling a breakout in earnings after just te…

A $10.8 million project to convert a vacant former Methodist church on Richmond Avenue into a performing arts campus is getting $395,600 in tax breaks through the Erie County Industrial Development Agency. The subsidies were approved by the IDA board Wednesday for developers Rachel Ann and Ryan Heckl's project to turn the former Richmond Methodist Episcopal Church at 46…

Arthur Wingerter, the president of Univera Healthcare, has been named chairman of the Invest Buffalo Niagara board of directors. Wingerter replaces Randall L. Clark, the Dunn Tire chairman and president, who has been Invest Buffalo Niagara's chairman on two separate occasions. Also named to the Invest Buffalo Niagara board were: vice chairman, Douglas Dimitroff, Phil…

As recoveries go, the rebound from the Great Recession has gone pretty well for the Buffalo Niagara region. Our job growth since the recession ended in 2009 has averaged 0.7 percent a year. That’s not tremendous by any stretch of the imagination, but the prolonged expansion has pushed the number of jobs in the Buffalo Niagara region to an all-time high and driven the …

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…