Matt Glynn, The Buffalo News
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Matt Glynn

Matt Glynn has been a business reporter with The Buffalo News since 2000. He is a native of Youngstown, N.Y., and lives in Buffalo.


Terry and Kim Pegula announced Monday they have bought a majority interest in AdPro Sports, which makes custom-branded merchandise for sports teams and corporations. Terms of the deal were not disclosed. Ron Raccuia will remain AdPro's president and maintain ownership in the new partnership, according to Pegula Sports and Entertainment, which will serve as the managemen…

Contentious talks over a new contract for hourly workers at DuPont's Yerkes plant in the Town of Tonawanda were already catching the attention of local politicians when the negotiations took a bizarre turn last month. The company and the union representing its more than 320 hourly workers are at odds over a new contract, with sticking points like proposed wages for new…

M&T Bank continues to lead in both loans and dollar volume in a key federally backed loan program in the Buffalo-Rochester market as of the end of July. Through the first 10 months of the federal fiscal year, M&T accounted for 193 of the 7(a) loans, or 26 percent of the region's total, according to the U.S. Small Business Administration. Its total loan volume wa…

June 5, 1935 -- Aug. 8, 2017 Nicholas D. Trbovich, Servotronics' founder, chairman and chief executive officer, died on Tuesday, the Elma-based company announced Friday. Trbovich, 82, started the company -- a maker of motion control equipment -- on Aug. 20, 1959, and served as its chairman and CEO for nearly 58 years. He was also chairman and past president of O…

Walk into Fifteen’s advertising and marketing agency on Delaware Avenue, and you’re greeted with the sight of a sculpture created from bright orange chairs, called “Orange You Glad,” by artist Scott Bye. It’s a sign that this is a different kind of workplace, which is just how Fifteen CEO Zack Schneider likes it. Schneider and his business partner, Greg…

Seven area organizations received a total of $75,000 from the General Motors Foundation as part of a conference held at GM's Tonawanda engine plant on Tuesday. The recipients were: Buffalo Urban League, Northtown Boys and Girls Club, Willie "Hutch" Jones Educational and Sports Program, United Way of Buffalo and Erie County, American Cancer Society, Community Foundation of…

Amherst Chamber of Commerce president and CEO Colleen DiPirro, who has led the organization for 35 years, will retire in January. The chamber has selected A.J. Baynes Jr. to replace DiPirro during a four-month transition period beginning in September. "It's bittersweet," DiPirro said. "My life has revolved around this organization and growing the prosperity of Amhers…

Proposed pension benefits cuts for some active and retired Teamsters, including about 5,200 in Western New York, are a step closer to happening. The Treasury Department approved a plan submitted by the New York State Teamsters Conference Pension and Retirement Fund, requesting permission to implement the cuts. The reductions could take effect Oct. 1. "No one wants to…

Bankruptcy filings in the Buffalo/Rochester region have been doing something unusual lately: increasing. The number of cases filed in July rose 24 percent from a year ago, to 353, according to the U.S. Bankruptcy Court's Western District of New York. Year to date, the number of cases filed in the region was up 2.5 percent from the same period a year ago, to 2,549. …

Astronics Corp. reported profits of $7.7 million in the second quarter, down 49 percent from $15 million a year ago, and has lowered its revenue projections for this year. Astronics was impacted by a lull in orders, said Peter J. Gundermann, president and CEO of the East Aurora aerospace company. "Our second quarter was disappointing as a result of continued slippage …

As cars flowed over the Peace Bridge into Buffalo on Tuesday, Rep. Chris Collins imagined how long the backups would be if everyone crossing had to undergo biometric screening. But he said new international border legislation, revised with his input, will prevent that sort of traffic nightmare from occurring. The new bill requires a biometric entry and exit system to be…

The KeyBank Foundation will give a $24 million grant to a Cleveland-based organization that will help small businesses, including at least 1,000 across upstate New York. The four-year grant was awarded to Cleveland-based JumpStart Inc. to serve the KeyBank Business Boost and Build Program in Ohio and upstate New York. It's the largest single philanthropic commitment th…

Citizens Bank's branches are changing with the times. And time is almost up for its branch at the Liberty Building. Citizens plans to relocate that branch to 6 Fountain Plaza, with a scheduled opening date of Oct. 9. The Liberty Building location debuted as a Rochester Community Savings Bank's flagship Buffalo branch in 1992. Charter One bought RCSB in 1997,…

Moog Inc. is feeling more confident about its current fiscal year. The Elma-based maker of motion control equipment raised its guidance for its full-year earnings by 25 cents per share, to $3.75. Moog cited a stronger operational performance by the company and a reduced tax rate. The company also raised its forecast for its full-year sales by $10 million, to $2.5 bil…

Starbucks said it will close all 379 of its Teavana stores, a roster that includes locations at the Walden Galleria and Boulevard Mall. All of the stores will close over the coming year, with the majority closing by next spring, Starbucks said. The company said many of the Teavana stores, which are mainly based in malls, "have been persistently underperforming." "Fol…