Jerry Zremski - The Buffalo News

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Jerry Zremski

Jerry Zremski is the Washington bureau chief for The Buffalo News. He joined the News in 1984 as a business reporter and moved to Washington in 1989. Zremski served as president of the National Press Club in 2007 and won a Nieman fellowship in journalism at Harvard University in 1999. A native of Elkland, Pa., he is a graduate of Syracuse University.


MHP Machines Inc. of Cheektowaga Wednesday reported a slight profit for its first fiscal quarter, compared to a loss a year earlier, and said its upturn in business has led it to hire 30 new employees in the past year.For the quarter ending Dec. 31, the company had net earnings of $11,000 or 1 cent a share, compared to a net loss of $235,000 or 22 cents a share for th…

IT'S STARTING to look like the Great Green North.Canada -- which was essentially shunned by foreign investors not long ago -- now is looking better and better to stock pickers on this side of the border."At this point, we really feel that the Canadian market will outperform the American market for the next year or two," says Glenn Wellman, vice president and manager o…

Bush Industries Inc., a Jamestown-based maker of ready-to-assemble furniture, Tuesday announced a decline in net earnings for the fourth quarter and year ended Dec. 31.For the quarter, Bush earned approximately $1.55 million, equal to 35 cents per share, compared to net income of $1.77 million, or 40 cents per share, a year earlier. Net sales increased to about $27.98…

Bethlehem Steel Corp. today announced that it is seeking applications for 10 new jobs at its Lackawanna facilities -- jobs it hasn't been able to fill from its list of people laid off during the shutdown of the company's local steel-making operation in 1983.Larry Sampsell, supervisor of administration for Bethlehem's Lackawanna operations, said the company already has…

AROUND AND around it goes: Insolvent savings banks are merged into slightly solvent banks, which turn into big insolvent savings banks, which have to be bailed out by bigger slightly solvent banks, which . . .And where it stops, nobody knows.With any luck, this vicious cycle destroying the American savings and loan industry will stop before it claims the independence …

AROUND AND around it goes: Insolvent savings banks are merged into slightly solvent banks, which turn into big insolvent savings banks, which have to be bailed out by bigger slightly solvent banks, which . . .And where it stops, nobody knows.With any luck, this vicious cycle destroying the American savings and loan industry will stop before it claims the independence …

Moog Inc.'s Class A stock gyrated wildly in heavy trading on the American Stock Exchange Friday, and stock market observers could only speculate as to why.Moog's Class A stock opened the day at $7 1/2 , leaped to $10 by midday and then retreated to $8 1/2 . Trading totaled 75,600 shares, well above the stock's average daily volume of 11,100.Meanwhile, the comp…

Barrister Information Systems Inc. of Buffalo Wednesday announced that it has laid off 25 workers after losing $2.02 million on sales of $7.45 million in the quarter ending Dec. 31.The third-quarter loss, which amounted to 66 cents a share, compared to a $75,000 or 2 cent per share loss in the same quarter a year earlier. Sales for the company, which makes computer sy…

Pratt & Lambert Inc. today announced that its board of directors has adopted a "poison pill" plan to protect the company against hostile takeover attempts."While the board is not aware of any such attempt to seek control of the company, we believe the rights plan provides a sound and reasonable means of safeguarding the interests of shareholders," said Raymond D. Stev…

Acme Electric Corp. of Olean Tuesday announced its sales and earnings increased for the quarter ended Dec. 30, and said it would not issue a stock dividend for the first time in 14 years.Net income for the company's second quarter increased to $752,000 or 16 cents a share, from $555,000 or 12 cents a share a year earlier. Sales increased to $22.79 million from $21.22 …

Acme Electric Corp. of Olean Tuesday announced its sales and earnings increased for the quarter ended Dec. 30, and said it would not issue a stock dividend for the first time in 14 years.Net income for the company's second quarter increased to $752,000 or 16 cents a share, from $555,000 or 12 cents a share a year earlier. Sales increased to $22.79 million from $21.22 …

FOR LOCAL purveyors of mail-order investment advice, 1988 was a very good year.In fact, five local stock newsletters or stock-picking services outperformed the Dow Jones industrial average last year, and some did so by a large margin. In a year when the Dow increased 11.8 percent, and the Standard & Poor's 500-stock index rose 12.4 percent, none of the six stock portf…

FOR LOCAL purveyors of mail-order investment advice, 1988 was a very good year.In fact, five local stock newsletters or stock-picking services outperformed the Dow Jones industrial average last year, and some did so by a large margin. In a year when the Dow increased 11.8 percent, and the Standard & Poor's 500-stock index rose 12.4 percent, none of the six stock portf…

Pratt & Lambert Inc. today announced that its board of directors has adopted a "poison pill" plan to protect the company against hostile takeover attempts."While the board is not aware of any such attempt to seek control of the company, we believe the rights plan provides a sound and reasonable means of safeguarding the interests of shareholders," said Raymond D. Stev…

The Greater Buffalo Chamber of Commerce launched its 1989 membership drive this morning, setting a goal of $250,000 in investment from new members.If that goal is met and if the group retains most of its old members, the chamber's annual revenues would increase to $2 million for the fiscal year beginning July 1, from $1.75 million in the current year, said chamber Pre…