David Robinson, The Buffalo News - Page 503 of 512
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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.


CALL IT a step toward orderly growth or a ruse to virtually stop new home construction altogether, but the movement to place tighter controls on new housing developments is gaining momentum.The biggest boost to the controlled-growth movement came last week, when Orchard Park officials imposed a six-month moratorium that would prevent the approval of any plans for new …

President Bush's plan to bail out the floundering savings and loan industry vastly underestimates the cost of the rescue, U.S. Rep. John J. LaFalce said Monday.LaFalce, a Democrat from the Town of Tonawanda and a member of the House Banking Committee, said the Bush plan is based on a series of optimistic assumptions and "circuitous financing gimmicks" that could push …

Construction contracts in Erie and Niagara counties rose by 29.8 percent during January, as residential building nearly tripled to offset a substantial decline in nonresidential construction, an industry survey said.The F.W. Dodge division of McGraw-Hill Co. said the total value of all building contracts in the two-county region during January rose to $58.8 million fr…

Buffalo's rebounding economy is getting some more good national attention.A trade journal published by Century 21 Real Estate Corp. has ranked the Buffalo area as one of the nation's seven best "markets of opportunity."The Real Estate Investment Journal also ranked Buffalo as the top "market of opportunity" in the Northeastern United States, edging out cities such as …

State and local tourism officials Thursday unveiled their new campaign to attract visitors to the Niagara Frontier, including this year's slogan:"Four Seasons of Excitement."The campaign, which will cost more than $150,000, will buy advertisements in newspapers and magazines promoting Western New York as a place with plenty of tourist activity year-round, said Donald …

Sears stores reopened Wednesday with a new "everyday low price" policy that received a cautious welcome from local customers. Many said they probably wouldn't change their shopping habits, even though they liked the giant retailer's new price-conscious strategy.After closing for 42 hours while frenzied employees worked 12- to 15-hour days marking down the prices on 50…

Three Buffalo-area developers have proposed building a $14 million complex in downtown Elmira that will include a hotel, retail and office space.The project, called Riverfront Park Centre, will be located in the city's economic development zone and the developers hope it will play a major role in the revival of Elmira's downtown area.While the developers still need to…

Unemployment in Erie and Niagara counties rose sharply during January, as seasonal layoffs pushed the jobless rate to 7.5 percent, the state Labor Department said today.The area's unemployment rate was more than 1 1/2 percentage points higher than the 5.9 percent rate during December and well above the 6.7 percent rate last January.Ronald H. Scrace, senior economist …

Homestyle Buffet Inc., a Florida restaurant chain, has opened a restaurant in Amherst and plans to open at least two others in Western New York by late summer, the company's chairman said.Dermot Rowland, Homestyle's founder and chairman, said the Amherst restaurant, which is located in the Burlington-Valu Plaza at 1551 Niagara Falls Blvd, is the chain's first venture …

AS WINTERS go, this one has been a little bit better than usual for snow-haters and real estate agents.While winter is the slowest time of the year for the real estate industry, home sales in Erie County from November to January were up by 17.7 percent compared to the previous year, the Greater Buffalo Board of Realtors says.Even though the holidays generally make Dec…

Electronic Data Systems, a computer services company owned by General Motors Corp., plans to open an office in Amherst in a move that would add about 50 jobs locally.Randy Dove, an EDS spokesman, Monday said the company plans to hire about 50 people, mainly systems engineers, to work at its new office, which will be located at 55 Pineview Drive.The company currently i…

Gov. Cuomo's proposal to levy the state sales tax on cable television services would hurt low-income subscribers the most and infringe upon the industry's First Amendment rights, local industry executives said Wednesday.Cuomo's proposal could add $13 to $50 a year to cable television bills in Western New York, said Thomas Haywood, president of the Western New York Cab…

BLAME IT on rising interest rates, but homeowners with adjustable-rate mortgages are bracing themselves for some jarring increases in their monthly payments.If the current trend continues, homeowners whose ARMs adjust within the next few weeks can expect their mortgage rate to go up by two percentage points.That means a typical homeowner with an adjustable-rate mortga…

Cellular Products Inc., a Buffalo-based producer of blood-testing kits, Friday reported an increased loss during the third fiscal-quarter ended Dec. 31.The company said it lost $597,065, equal to a loss of 8 cents a share, from October through December, compared to a loss of $471,492, or 7 cents a share, during the same period in 1987.Third-quarter revenues increased …

Buffalo Big Print Color Lab & Studio has received a $240,000 loan from the New York Business Development Corp. to buy the former Purchase Radio Electronics building at 743-749 Main St. in the Theater District.Buffalo Big Print, which had been leasing space in the building for use as a studio, purchased the structure from Gerald Abelson, who was president of the bankru…