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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.


R. John Oshei, chairman and chief executive officer at Trico Products Corp. for the past 21 years and the last member of the company's founding family to work at Trico, has retired.The company's board of directors announced Wednesday that Oshei has been named chairman emeritus.Oshei's retirement was accompanied by a series of other management changes under which the B…

COULD THIS be The Big One?That's no doubt the question on the minds of stock investors across the country these days, as the warning signs just keep on coming.First we see higher short-term interest rates. Then a shocking rise in inflation. Then a move by the Federal Reserve Board to tighten credit even further.All that bad news sent the Dow Jones industrial average c…

Mark IV Industries Inc.'s acquisition of Armtek Corp. "appears to be a good one," according to the Value Line Investment Survey.In its most recent report on Mark IV, Value Line said the recent acquisition of the Connecticut-based rubber and auto parts company should boost the performance of the Amherst-based holding company."Mark IV will realize substantial savings du…

TWO YEARS ago, Franklyn S. Barry Jr. and David Edelman were software-company executives with vague ideas of going into business on their own.Now, suddenly, they're doing business with a billionaire named Eli Jacobs, who just so happens to own the Baltimore Orioles and Memorex and all sort of other companies whose names you'd recognize. And together, they want to try t…

Ecology & Environment Inc. of Lancaster Friday announced a sharp drop in net earnings for the fiscal second quarter ended Jan. 28.The environmental consulting company's net income decreased to $324,000, equal to 8 cents a share, during its latest quarter, from $641,000, or 16 cents a share, a year ago. Net revenues increased 5 percent to $12.66 million from $11.99 mil…

An Indonesian investor faces two big obstacles that could prevent him from purchasing Arvin Industries Inc. and its Cheektowaga-based Calspan Corp. operations.Stock market analysts who follow Arvin say investor Ismando Wanandi's ties to the Indonesian defense industry could stand in the way of his acquisition of Calspan, which is a U.S. defense contractor. And an anti…

Seneca Foods Corp., a fruit juice and canned foods company based in the Rochester suburb of Pittsford, has purchased 5 percent of Moog Inc.'s stock "for investment purposes."According to a document filed with the Securities and Exchange Corp., Seneca Foods has purchased 263,500 of Moog's Class A shares and 52,600 of its Class B shares.In addition, Seneca Foods' pensio…

An Indonesian investor has expressed interest in acquiring Arvin Industries Inc. -- a move Arvin feels could raise security concerns and jeopardize business at its Calspan Corp. operation, a Cheektowaga-based defense contractor.Ismando Wanandi, an Indonesian businessman, filed a document with the Securities and Exchange Commission last week, saying he had purchased 5.…

IT'S BEEN more than 50 years since Lewis D. Gilbert pulled into a Jersey Standard gasoline station to attend the annual shareholders meeting of America's greatest oil company.In that time, Standard Oil has become Exxon, and has decided to hold its annual meetings in more decorous surroundings. But Gilbert and his brother, John, are still leading the fight for sharehol…

YOU COULD call William C. Moog the $1.46 million man.Yes, Ripley, that's how much Mr. Moog took home for the year ending Sept. 30. Meanwhile, the company that bears his name was losing $13.9 million and instituting cost cuts that eventually claimed 369 jobs in Western New York.Mr. Moog's pay is just one of the fun facts found in Moog's 1989 proxy statement. The proxy …

Natural gas is looking more and more like the fuel of the future, and National Fuel Gas Co. is preparing for that change.That was the message Bernard J. Kennedy, National Fuel's president and chief executive officer, delivered at the company's annual shareholders' meeting at the Plaza Hotel this morning."Gas is being recognized as the premium fuel," he said. "Its clea…

For those of you who think you can't find a hot stock tip without getting arrested, four seniors at Attica Central School have some advice:Read the newspaper very carefully.The four students entered the "Stock Market Game," a statewide contest aimed at teaching high school students a little bit about the market, and started off losing and losing bad. But they ended up…

"THE STOCK market is just like Las Vegas."Well, that's what the cliche says, but you shouldn't invest your life's fortune on the basis of a cliche.In truth, the stock market is like Vegas only if you play it that way.Invest in penny stocks sold by a broker who calls you out of nowhere, trade stocks based on what you hear at the barber shop, and you probably will get b…

Moog Inc. reported a loss for its first fiscal quarter, but told shareholders at its annual meeting today that the losses should end during the current fiscal year.A $540,000 restructuring charge prompted a loss of $411,000 or 5 cents a share for the quarter ending Dec. 31, compared to a profit of $1.97 million or 22 cents a share in the same quarter a year earlier.Th…

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…