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   In 1999, when the Delphi auto parts company was spun off from General Motors, the bean counters proclaimed the pension fund then set up for salaried workers to be hale and hearty, and the separate pension fund for hourly, union-represented workers to be rather more creaky.   So, when Delphi moved out, GM promised that if the hourly workers…

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   So, if all your friends were jumping off a cliff, would you jump, too?   Maybe only a little: - ‘Unforced errors’ cost M&T dearly over 3 years - Jonathan D. Epstein/The Buffalo News    M&T Bank Corp. saw its purchase of a $300 million stake in a small-dollar commercial real estate lender as a good move at the time, but it…

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   On the cover of the Business Today section of The Buffalo News, some big time businessmen say it is time for business, government and the government regulation of business to have some good rules to play by, and have them enforced. - Wilmers faults Congress on financial reform - Jonathan D. Epstein/The Buffalo News   M&T Bank Corp. Chairman …

Business

   From the Business Today section of The Buffalo News: - Ex-official admits guilt in NY pension probe - Jennifer Peltz/AP/Buffalo News    David Loglisci pleaded guilty Wednesday to a securities fraud charge, becoming the highest-ranking member of former state Comptroller Alan Hevesi's administration to admit a role in the "pay-to-pl…

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   Today's spate of numbers from the people whose job it is to count the people who don't have jobs: - First-time jobless claims drop slightly last week -  Christopher S. Rugaber/AP/Buffalo News   The number of newly laid-off workers requesting unemployment benefits slipped last week, the latest sign the employment picture is s…

Business

   In the Business Today section of today's Buffalo News: - Sharp rise reported in job openings - AP/Buffalo News   Job openings rose sharply earlier this year, evidence that employers are slowly ramping up hiring as the economy improves.   The number of openings in January rose about 7.6 percent, to 2.7 million, compared with Decemb…

   From the Business Today cover:- Toyota disputes critic who blames electronics for woes - AP/Buffalo News   Toyota gave detailed evidence Monday [company video below] that it says disproves claims that electronics may cause the unwanted acceleration that led to the recall of more than 8 million of its cars and trucks.   Toyota was attem…

Business

   In the Business Today section of The Buffalo News:- Detroit seeks to save itself by shrinkage - David Runk/AP/The Buffalo News   Detroit, the very symbol of American industrial might for most of the 20th century, is drawing up a radical renewal plan that calls for turning large swaths of this now-blighted, rusted-out city back into the fiel…

Business

   On Page One:- Michigan Avenue pastor is one of city's top developers - Susan Schulman/The Buffalo News   Rev. Stenhouse's development company is target of community concerns    ...[critics] say that while [Richard] Stenhouse's Bethel Community Development Corp. has built some nice homes, Stenhouse's inexperienc…

Business

   Looking at ways to rebuild a decaying city:    In Sunday's Buffalo News Business Today:- Medicine as an economic engine - George Pyle/The Buffalo News   The economists call them “Eds and Meds.”   They are universities and hospitals, institutions found in many cities, even those with otherwise decaying economies, that can be …

It seems almost too good to be true. To celebrate its 10th anniversary, Jetblue is offering $10 one-way flights among its first 10 destinations for travel March 9 and 10. Since Buffalo is one of those first 10 destinations, we can book travel to the other nine (and vice versa) for just $10 each way, including Fort Lauderdale, Fla; Tampa, Fla.; Orlando, Fla.; Ro…

Business

   New this morning:- Jobless Rate Holds Steady, Raising Hopes of Recovery - Javier C. Hernandez/The New York Times   The economy lost fewer jobs than expected in February, the government reported Friday, bolstering hopes that a still-sputtering recovery was beginning to gain momentum.   The Labor Department said that the economy shed 36,000 j…

Business

   We're all about hotels today:    In Business Today:-Termini issues call for urban plan - Brian Meyer/The Buffalo News   Downtown Buffalo will face more boarded-up buildings unless a sweeping "urban plan" is implemented, a local developer warned about 70 people who attended a luncheon forum Wednesday.    Buffal…

Business

   Good News Quote of the Day:   "I didn't want to move to Florida."   From:- Roofing business finds home in WNY - David Robinson/The Buffalo News   ... That was enough to convince IBG executives, who now believe the West Seneca site can put Kemper System in a position to handle all of the demands of its…

Business

Breaking in The Buffalo News today:- Hotel Lafayette to be closed, renovation plans in jeopardy - Brian Meyer/The Buffalo News   Developer Rocco Termini delivered the jolting announcement today at a special meeting of the city's Planning Board. He said delays in Albany involving needed reforms of a state historic tax credit law could doom his $35 milli…