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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.


American Precision Industries Inc. of Cheektowaga expects its strong performance from 1988 to carry over into 1989 and beyond, the company said in its annual report to shareholders."Innovative automation, new processes and additional product offerings are being put in place on a continuing basis, and we expect to expand the company both internally and externally," sai…

YOU'D THINK it would be over by now.No, not the National Basketball Association season -- the takeover craze.It's been years now since merger mania began, and yet it shows no signs of letting up. In fact, investors cashed in more on takeovers in 1988 than they ever did before, and could do just as well this year.That's the surprising conclusion that American Appraisal…

Graphic Controls Corp. of Buffalo announced that it ended its second year as a privately held company with record sales and earnings.The company did not report its earnings for the year, but said operating income from continuing operations increased 13.5 percent for 1988. Sales increased 8.6 percent to $149 million.In addition, the company said that in the two years s…

A HUGE man sat at his huge desk in his huge office 12 stories above Main Street and clipped his fingernails as he went on at length about the city down below.The chamber of commerce isn't just going to talk proud anymore, Goldome Chief Executive Officer Ross B. Kenzie told a reporter on that winter day in early 1986. The chamber is going to do Buffalo proud. "That's t…

It's too soon to say whether there's gold to be found beneath the gold dome, but some stock investors are obviously betting that there is.Prompted by this week's announcement of a management change at Goldome, the local savings bank's stock skyrocketed 41.2 percent in the past week, making it one of the top performers among local stocks in the first quarter.Goldome's …

Comptek Research Inc. of Buffalo today announced a five-year pact with the U.S. Navy that has the potential to be the local defense contractor's largest contract ever.The contract's potential value is $66 million over five years. For the first nine months of the current fiscal year, Comptek reported sales of $36.3 million."It's a reasonable statement to say that this …

Goldome's board of directors and Chief Executive Officer Ross B. Kenzie agreed early this year that Kenzie should retire to give someone else a chance to reverse the losses at the huge Buffalo-based savings bank.Several of the bank's directors said this week that while Kenzie was not asked to resign, it became clear to the directors and to Kenzie that the bank needed …

IT'S HARD to know what to believe when you're paying a few different people a few hundred dollars a year for advice, and they all say different things. Such is the plight of the stock investor who subscribes to investment newsletters.There are several hundred investment newsletters available today, and few of them agree on anything. Which means that investors have hun…

NEW YORK got its economic development report card last week, and the state finished with a grade-point average of 3.25.Now that's not Phi Beta Kappa material, but it's certainly better than, say, Oklahoma's GPA of 1.25 -- which is for the state, not the football team.If you're wondering who would hand out grades to the states, it's The Corporation for Enterprise Deve…

IMAGINE TRYING to find fleas in a fur coat.Now you know what it's like to read a corporate annual report the right way.Like a fur coat, an annual report can be very pretty on the surface. But you never know what's lurking deeper down unless you look very closely."If you just admire the glossy photos, an annual report is useless," says Dean Barron, who publishes the Se…

I IF YOU think Main Street begins down by the Buffalo River and ends out in Clarence, you're wrong.In fact, for everyone who lives in Buffalo, Main Street is right around the corner. We might call it Bailey Avenue or Elmwood Avenue or Broadway, but it's Main Street, the central thoroughfare in whatever urban village we call home.Sorry if that sounds a little bit fluff…

IF WEBSTER'S New World Dictionary included a listing for "stock research report," many investors would expect to see "self-fulfilling prophecy" as one of the definitions.You know how it supposedly works: A big brokerage or research service will write that a stock will be going up (or down) and then -- surprise! -- it does.It doesn't always happen that way, though. For…

Popular demand is one big reason why the United States and Canada probably will relax trade barriers sooner than expected, Canada's ambassador to the United States said Tuesday.Speaking at a luncheon sponsored by the Buffalo Council on World Affairs in the Hyatt Regency Buffalo, Ambassador Derek H. Burney said trade officials have received about 200 requests for accel…

Sevenson Environmental Services Inc. of the Town of Niagara is planning a public stock offering.William McDermott, vice president of finance for the company, said Monday that the company has filed a prospectus for the public offering with the Securities and Exchange Commission.McDermott said the company will sell approximately 1.2 million shares of common stock at a p…

The people at CPAC have made their money the 1980s way. They bought it.For 20 years, this relatively small photographic products company has been trying to carve its own niche in an industry dominated by giant Eastman Kodak, headquartered 30 miles away. And now, thanks to a series of acquisitions, it's finally happened.The Livingston County company's earnings totaled …