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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.


American Precision Industries Inc. of Cheektowaga today reported record earnings and revenue during the third quarter.The company said its net income rose 15.5 percent to $1.2 million, or 20 cents a share, during the quarter ending Sept. 30, compared to $1 million, or 17 cents a share, one year ago.American Precision, which makes electronic equipment and heat exchange…

Computer Task Group Inc., stung by weakness in the computer market and disappointing performances by some of its business units, Monday reported that its net income fell by 83 percent during the third quarter.The Buffalo-based computer software services firm also said it plans to restructure some of its operations during the current quarter in a move that will force t…

Despite a modest drop in sales, Comptek Research Inc. said today that its second-quarter profits increased 46 percent.The Buffalo-based defense contractor said its net income rose to $339,000, or 16 cents a share, from $232,000, or 10 cents a share, during the same period last year. Sales, however, fell 8.2 percent to $11.2 million from $12.2 million.Jack E. Wagner, C…

Barrister Information Systems Corp. said today that it expects to lose about $1.5 million during the second quarter of its fiscal year, mainly because of delays in closing contracts.Henry P. Semmelhack, Barrister's president, said the company's preliminary earnings for the quarter that ended Sept. 29 show a pre-tax loss equal to 49 cents a share, which would compare t…

The Friday afternoon free-fall on Wall Street hit the stocks of only a couple of local companies and failed to set off a panic among Buffalo-area investors.Although local stock brokers reported that they received more calls from investors than usual after the market began its fall, they said the phones were far from ringing off the hook."The weakness didn't start unti…

Midway Airlines, a Chicago-based carrier, said today that it will begin offering three daily round-trip flights between Buffalo and its new hub in Philadelphia on Dec. 1.Midway, the nation's 16th-largest airline, said the move into the Buffalo area is part of its attempt to become a strong competitor for travelers going between seven Florida cities and several major E…

TWO YEARS after Black Monday, local stock brokers still are wondering when the individual investor is coming back.Scared off by the volatility of a stock market that has proven itself capable of reducing the value of all stocks by $503 billion in a single day, many individual investors fled the market in favor of safer investments, such as certificates of deposit and …

Nearly 13 months after paying $557 million to acquire Armtek Corp., Mark IV Industries Inc. Chairman Sal H. Alfiero thinks he ended up with a pretty good bargain.Through a combination of thorough planning, good timing and even a bit of good luck, Alfiero and local stock brokers who follow Mark IV say the Williamsville manufacturing conglomerate generally has done a go…

Rain Bright Supermarket, the Jefferson Avenue grocery store that was hailed as a sign the East Side neighborhood was turning around after it opened less than two years ago, has closed and its owners have filed for bankruptcy.1511 Jefferson Ave. Inc., the company that ran the supermarket, filed for liquidation under Chapter 7 of the federal bankruptcy laws, claiming de…

Comptek Research Inc., a Buffalo-based defense contractor, said Tuesday that it has been awarded six contracts that could be worth as much as $18 million during the next five years.The contracts are worth $7.1 million during their initial terms, with options and other opportunities that are valued at a minimum of $10.9 million during the following four years, the comp…

Mark IV Industries Inc. of Williamsville Monday reported that its net income rose 67 percent during the second fiscal quarter as the company continued to show the impact of the operations it acquired from Armtek Corp. last September.The company said its net income rose to $10.1 million, equal to 85 cents per fully diluted share, during the quarter ended Aug. 31, compa…

Robert P. Carr, the Greater Buffalo Chamber of Commerce's chief spokesman for the last three years, is leaving his post in the wake of the business group's decision to reduce its role as a marketing organization.Carr, the chamber's vice president of marketing and communications, said he currently is looking for a new job, although, in the interim, he expects to stay o…

Mark IV Industries Inc. of Williamsville today reported that its net income rose 67 percent during the second fiscal quarter as the company continued to show the impact of the operations it acquired from Armtek Corp. last September.The company said its net income rose to $10.1 million, or 85 cents per fully diluted share, during the quarter ending Aug. 31, compared to…

It was a topsy-turvy third quarter for most local stocks, with one stock -- Graham Corp. -- skyrocketing, while another -- Empire of America -- fell like a shooting star.In fact, all but five of the stocks that make up the Buffalo 18 -- the companies listed on the New York and American stock exchanges -- either gained or lost at least 10 percent of their value during …

THANKS TO this year's stock market rally, bargain-hunters say the pickings keep getting slimmer.With the market rallying -- the Standard & Poor's index of 500 stocks is up 25 percent, while the Dow Jones 30 Industrials Average is up almost 24 percent this year -- some value-conscious investors say prices generally have been pushed up to their market value and, in some…