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A quarterly survey by M&T Bank Corp. of its business borrowers found sentiment about the economy has "weakened considerably" in the third quarter, as a result of a series of disappointing job reports, sluggish economic growth and continued uncertainty about Europe and the U.S. presidential election. Just 18 percent of middle-market businesses surveyed feel the economy has…

Buffalo

A new Panera Bread in the Elmwood Village and an easement for a new Lafayette Square hotel won approval Tuesday from the Common Council. Delaware Council Member Michael LoCurto said he is confident Elmwood patrons will continue to support local businesses and noted that Panera, a national chain, will replace Blockbuster, another national tenant.At earlier meetings, there w…

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The Holiday Inn Grand Island will get another shot at finding a new owner. The 263-room hotel will be auctioned at 11 a.m. Oct. 24, according to Amherst-based Blackbird Asset Services. Blackbird is working with AmeriBid LLC, an Oklahoma-based firm. The hotel, which sits on 12 acres along the Niagara River, continues to operate as usual. David Fiegel, Blackbird's presiden…

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A Delta Air Lines subsidiary will offer jobs to all employees of Regional Elite Airline Services at two regional airports, as Regional Elite winds down its operations. Delta Global Services won the contracts for Delta ground handling operations at the Buffalo and Rochester airports, said Leslie P. Scott, a Delta Air Lines spokeswoman. "There will be no layoffs." The pote…

Developer Rocco Termini has an interesting article today on the News' editorial page, pitching a plan to finance the $200 million or so it will take to finance the improvements the Buffalo Bills want at Ralph Wilson Stadium. The linchpin of Termini's plan is to take the roughly $13 million in payroll taxes that the Bills pay each year and setting it aside to pay …

ALDEN . 13419 Broadway, CNL APF Partners Lp to Lawrence L. Palys Jr., $60,500. AMHERST?Highest price: $480,000?Average price: $170,123?Median price: $155,000?Number of Sales: 42 . 25 Beresford Court, Erin E. Noe; Daniel A. Noe to Nicholas J. Violante; Melissa R. Violante, $480,000. . 26 Lockhart Circle, Mythely Kirupaharan; Nadarajah Kirupaharan to Felisha Legette…

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For more than 150 years, Mayer Bros. has been turning apples from local farmers into apple cider. Today, the West Seneca company has about 200 employees and has branched out beyond its traditional apple cider to bottled water and has added smaller product lines that make lemonade, cranberry juice and iced tea. It's also a seasonal destination for Western New Yorkers. About…

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In a business park off Route 5 in the Town of Batavia, a burst of development is unfolding. Alpina Foods will soon open a $20 million yogurt plant. Nearby, Muller Quaker Dairy, backed by PepsiCo, is building a $206 million yogurt plant on track to open in summer 2013. The focal point of this activity is the Genesee Valley Agri-Business Park, about halfway between Buffalo a…

Business

It's not very often that a business can use the building it calls home as a marketing and recruitment tool, but John Schiavone is betting his firm can start reaping that benefit to hire the best and brightest. Schiavone, managing partner of the accounting firm Lumsden & McCormick LLP, is counting on the firm's new headquarters at the historic Cyclorama Building in downtown…

So the stock market is thrilled that the Fed is launching yet another bond-buying program to keep interest rates low and make it cheaper for people and businesses to borrow money. The bigger question, however, is how much good it will do. With interest rates already at historic lows, will more people rush out to buy cars just because rates are a smidge better? Probably not…

NORTH SIOUX CITY, S.D. - Beef Products Inc. sued ABC News for defamation Thursday over its coverage of a meat product that critics dub "pink slime," claiming the network damaged the company by misleading consumers into believing it is unhealthy and unsafe. The Dakota Dunes, S.D.-based meat processor is seeking $1.2 billion in damages for roughly 200 "false and misleading a…

NEW YORK - The stock market staged a huge rally Thursday after investors got the aggressive economic help they wanted from the Federal Reserve. The Dow Jones industrial average spiked more than 200 points and cleared 13,500 for the first time since the beginning of the Great Recession. The average is within 625 points of its all-time high. The Fed said it would buy $40 bil…

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The Buffalo Niagara Enterprise is claiming 12 project "wins" during the last year, its second-weakest tally in the past decade but one that met the business development and marketing group's goals in a sputtering economy. The number of wins was two less than last year and well below the group's pre-recession levels, when the region averaged about 20 during the three years …

iPhone 5... just think of it. More computing power in the palm of your hand than existed in the entire world 50 years ago. The technology revolution has been the defining accomplishment of this era of human existence. As the magic of being connected to everyone else on the globe - and connected to the expanding library of human knowledge - manifests itself, …

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NEW YORK - McDonald's restaurants in the United States will soon get a new menu addition: the number of calories in the chain's burgers and fries. The world's biggest hamburger chain said Wednesday that it will post calorie information on restaurant and drive-thru menus nationwide starting Monday. The move comes ahead of a regulation that could require major chains to post…