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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.


Ford Motor Co. today announced a $260 million investment at its Buffalo Stamping Plant in Woodlawn that executives said will make the facility one of the company's most sophisticated and also help ensure its operation well into the 1990s.The modernization program will install new state-of-the-art equipment that will be used to produce sheet metal components for the ne…

The business outlook along the Niagara Frontier fell sharply during November, as the region was hit by its steepest seasonal decline in nearly eight years, the Purchasing Management Association of Buffalo announced.A survey of local purchasing managers found that production and new orders -- the two factors the group uses to gauge general business conditions -- fell s…

Cambridge Instruments Inc., which laid off 92 workers at its Cheektowaga plant last week, said Monday it plans to build a new manufacturing facility in the Buffalo area.Mary Schramm, a Cambridge spokeswoman, said the layoffs and the plans for the new facility, which would replace the company's current plant, are designed to make the company more competitive and effici…

Talk about work piling up while you're away from the job.New York Telephone said it may take until next May before the company can take care of an anticipated backlog of 250,000 service orders across the state because of the four-month strike, which ended Monday.But the wait probably won't be quite so long for customers in Western New York, said Robin Flowers, a New Y…

Cambridge Instruments Inc., which laid off 92 workers at its Cheektowaga plant last week, said today it plans to build a new manufacturing facility in the Buffalo area.Mary Schramm, a Cambridge spokeswoman, said the layoffs and the plans for the new facility, which would replace the company's current plant, are designed to make the company more competitive and efficie…

Just 13 months after Kevin D. Keeley took charge of the Greater Buffalo Chamber of Commerce, the business group has changed considerably from the scandal-wracked organization he inherited.Under Keeley's presidency, the Chamber is eliminating its top marketing job and is reigning in its ambitious marketing and promotional programs to concentrate instead on business dev…

After enduring "some very difficult times," Taylor Devices Inc. said Thursday it expects its profits during the first half of this fiscal year to be more than the company has ever earned during a six-month period.Paul H. Taylor, president of the North Tonawanda defense contractor and industrial parts manufacturer, told the company's annual meeting that the firm expect…

After enduring "some very difficult times," Taylor Devices Inc. said today it expects its profits during the first half of this fiscal year to be more than the company has ever earned during a six month period.Paul H. Taylor, president of the North Tonawanda defense contractor and industrial parts manufacturer, told the company's annual meeting that the firm expects t…

'TIS THE SEASON to be jolly, but investors everywhere are thinking about dumping the lumps of coal in their portfolios and using those losses to help cut their income taxes.Of course, just like any other year, local accountants and investment advisers say it's not a good idea to sell stocks just to help cut your tax bill.Taxes "should be one of the factors, but they s…

The resurgence in the Western New York economy and conservative lending practices should help protect First Empire State Corp., the parent of M&T Bank, if a recession occurs, the company's top executive said Monday."Anybody who's lending money has always got to be concerned about economic conditions," said Robert G. Wilmers, president and chief executive officer of th…

American Precision Industries Inc. has turned into one of Buffalo's hottest companies, but local stockbrokers and even the company chairman can't explain why its stock has shot up by 52 percent over the last two months."I have no insights," said Robert J. Fierle, chairman and president of the Cheektowaga maker of heat transfer equipment and electronics parts. "I'm gue…

Mark IV Industries Inc. shareholders apparently think the Williamsville-based company can buy happiness, and the Value Line Investment Survey doesn't disagree.In its latest report, Value Line upgraded its ratings on Mark IV's stock to "1" (highest) for timeliness, but it maintained its "4" (below average) rating for safety because its remaining debt level still is hig…

Trico Products Corp. turned a profit in the third quarter, but only because the company made nearly $22 million by selling almost half of its stock investments.Without those stock profits, Trico would have lost almost $21 million because of sharply higher operating losses and the costs of the major restructuring program the company began during August.Trico said Wedne…

Defense spending is heading downward, but those budgetary restraints and the easing of tensions in Eastern Europe aren't likely to cost Comptek Research Corp. any business, the vice president of the Buffalo-based defense contractor said Wednesday."We tend to think we'll hold up very well, no matter what happens to the defense budget," said Kenneth E. Lanham, Comptek's…

IF YOU'RE LOOKING for stocks that pay big dividends, be careful.Stocks whose dividends seem to be shining the brightest often have a dark cloud lurking just over the horizon.Of course, that's not to say that all companies whose stock pays high dividends have problems. Some healthy companies use the high dividends to attract investors who are looking for a steady strea…