David Robinson, The Buffalo News - Page 503 of 515

Share this article

print logo

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.


If you're heading off to Europe this summer, just pretend that some generous travel agent handed you a coupon giving you a 10 to 13 percent discount on almost everything you buy.Unfortunately, those discount coupons don't exist anywhere except in our fantasies. But thanks to the recent rise in the value of the U.S. dollar, Americans are finding that their money is goi…

A strong rise in housing construction offset a sharp drop in the nonresidential sector as the value of all building contracts in Erie and Niagara counties declined by less than 1 percent during April, an industry survey said.The F.W. Dodge division of McGraw-Hill Inc. reported the total value of all building contracts in the two-county region declined by 0.4 percent t…

MORE AND more, lenders are trying to get on the good side of mortgage brokers, builders, lawyers and anyone else who might be able to refer them to customers who are shopping for a home loan.With the mortgage market shrinking as home sales decline from their 1986 peak and fewer homeowners refinance their loans, lenders are scrambling to find ways to drum up business b…

Norman Dansker, the New York City businessman who was convicted of bribery in 1975, has been replaced as the top investor in the group that wants to buy the Permanent Savings Bank.While Dansker will continue to have a financial interest in the group that has been trying to buy the Niagara Falls bank since last November, New York City lawyer Milton Shapiro has taken ov…

A drop in sales produced a sharp reduction in first-quarter profits at Graham Corp., the Batavia-based manufacturer of vacuum and heat transfer equipment said Thursday.The company had net income of $58,000, or 6 cents a share, during the first three months of this year, compared to $369,000, or 38 cents a share, during the first quarter of 1988.Sales fell to $14.2 mil…

Business conditions remained stable in Western New York during April, according to a survey by the Purchasing Management Association of Buffalo.Production and new orders -- the two categories the group uses to gauge the area's general business conditions -- changed little during the last month, said Robert E. Schenk, chairman of the group's business survey committee.W…

IF YOU already own a house, the plight of the first-time home buyer might not seem to matter all that much -- until, of course, you try to sell your first house and can't find anyone to buy it.While local realtors say there still are plenty of first-time buyers out shopping for a house, higher mortgage rates and rising home prices are making it harder for those folks …

The first two shops have opened in the Elmwood Avenue mini-mall that was created by converting Chain's India Boutique & Hong Kong Tailors into as many as eight small stores.Roger Chain, who owns the building at 494 Elmwood Ave., said two other shops are scheduled to open by the end of the month, leaving enough room for three or four more boutiques in the mini-mall.Sun…

Catskill Airways, a commuter airline based in Oriskany, plans to start offering flights linking Buffalo with Utica and Syracuse beginning May 21, a company spokesman said Monday.William H. Lunn, a Catskill spokesman, said the airline will offer morning and early evening flights to and from the Greater Buffalo International Airport."There are gaps in the service from B…

A Brooklyn-based community group and the United Mine Workers union have urged the Federal Reserve Board to prevent Manufacturers Hanover Trust Co. from buying 11 New York City branch banks from Goldome.Despite the protest, a Manufacturers Hanover spokesman said the bank intends to proceed with its plans to buy the branches, although he said he does not know if the com…

Local businessmen Anthony H. and Richard E. Gioia Thursday said they have signed an agreement to buy a majority interest in Corson Manufacturing Co. of Lockport -- the third packaging company the brothers have purchased in the last year.The purchase of Corson, combined with the earlier acquisitions of Armor-Box Corp. of Buffalo and Cello-Pack Corp. of Cheektowaga, wil…

Profits are rising again at Exolon-ESK Co., and by no coincidence, so are prices for abrasives products, which were depressed for several years during the mid-1980s.The City of Tonawanda company "has weathered these most difficult times and . . . has come out in a strong and drastically improved situation," Kurt M. Hertzfeld, Exolon's chairman, said during the firm's …

Put the champagne on ice, it's time to celebrate. Thursday is tax freedom day.That means that as of tomorrow, the average American will have earned enough money to pay all of the federal, state and local tax bills for 1989, said the Tax Foundation, a tax research group based in Washington D.C.Since 1986, the organization said it has taken the typical American 124 days…

Years ago, shoppers who wanted to buy a washing machine at Sears, Roebuck and Co. didn't have any different brands to choose from, except for its own Kenmore line.But now, shoppers looking for electronics and appliances can choose from among more than 70 national brands at Sears' new Brand Central department, which is being introduced at its Buffalo area stores this w…

LET THE speculation end: It's time for Walden Galleria mall to get down to business.When the mall opens Monday morning, shoppers finally will get a chance to see if the controversial shopping center in Cheektowaga really is worthy of all the fuss and hype it has generated over the last two years.And local retailers will start to find out what effect the giant $100 mil…