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   News about two of the biggest names in news - Time and Newsweek.    The former, part of a larger and, today anyway, more profitable conglomerate, gets a passing mention in:- Time Warner 1Q profit rises on better ad revenue - Associated Press    Time Warner Inc. said Wednesday that its first-quarter profit rose …

   It's Annual Meeting Season. - Mod-Pac focusing on areas promising growth, officials say - Matt Glynn/The Buffalo News    The company has recorded three consecutive quarterly profits, including a $20,000 profit in the first quarter of the current fiscal year.   That’s a significant turnaround for a company that has lost money fo…

   Maybe it's because it was leaked over the weekend. Or because they didn't plant a bomb in Times Square or spill a gusher of oil into the Gulf of Mexico.   But the news that United and Continental are merging to form the World's Largest Airline got bumped down the list pretty fast. As of 9 a.m. Tuesday, it wasn't on the front …

   From The Buffalo News Business Today: - From warehouse to dorm - Jonathan D. Epstein/The Buffalo News    Students at Erie Community College and other area schools will soon have another option for housing downtown.   Conversion of the former Alling & Cory warehouse at Elm and North Division streets is well under way and on sc…

   Does a politician who represents Wall Street bankers and investors do right by them when he lets them get away with anything they want?   Or when he pushes them to do the right thing by America?    Maybe this will help:    Your representative owes you, not his industry only, but his judgment; and he betrays instead of servin…

   From Business Today: - NYSEG slashes the size of its rate hike request - David Robinson/The Buffalo News    New York State Electric & Gas Corp. is slashing the size of the rate increase it is seeking from its electric customers by more than 40 percent, the utility said Thursday.    NYSEG, which last September requested a rate hike …

   From Business Today: - Delaware North charts global course with caution - David Robinson/The Buffalo News   Jeremy Jacobs Jr. thinks it’s a good idea for Delaware North Cos. to branch out into new countries.    He just doesn’t like going into unfamiliar territory.   So the Buffalo-based food service, gaming and hospitali…

   When East Germany and West Germany got back together in 1990, SNL anchorman Dennis Miller had this to say:    I view this in much the same way I view a possible Dean Martin - Jerry Lewis reconciliation: I never really enjoyed their work, and I'm not sure I need to see any of their new stuff.    It looks like all is forgiven:- Spain g…

   New on the AP:- Rosy earnings show that corporate America is back - Dave Carpenter / AP / Buffalo News   Companies that do everything from making appliances to selling cruises are reporting strong first-quarter profits - not because of the layoffs many of them used to dress up last year's earnings reports but because people are spendin…

   Today's business news -- a lot of it worthy of Page One -- can be hopefully summarized as a bad day for people who make up mythical amounts of money to trade back and forth and a good day for people who make real products that reasonable people might want to buy. - No apology by Goldman as senators grill execs - Marcy Gordon and Tom Raum/AP/Buffalo N…

   Not to say we told you so, but: - GM's Tonawanda plans will preserve 710 jobs - Matt Glynn/The Buffalo News   General Motors today announced it is investing $400 million in its Town of Tonawanda plant to produce a new V-8 engine, securing 710 jobs. The investment is part of a plan to put $890 million into five factories to make its V-8 eng…

   To look at the Business Today section of The Buffalo News, one might conclude that the money is in, well, money. Certainly not in anything as frivilous as toys. -  Mattel may cut jobs at Fisher-Price in outsourcing move - Samantha Maziarz Christmann/The Buffalo News   More job cuts may be coming to East Aurora's Fisher-Price.…

   The Senate Permanent Subcommittee on Investigations is dragging three panels of Goldman Sachs executives before the TV cameras today. You can watch it here. You can read the exhibits here. You can follow the New York Times DealBook live blog here.   You can get caught up with the background [like the stack of e-mails held by subcommittee chairman Car…

   New on BuffaloNews.com: - US newspaper circulation falls 8.7 percent - Andres Vanacore/AP/Buffalo News   Figures released Monday by the Audit Bureau of Circulations show average weekday circulation fell 8.7 percent in the six months that ended March 31, compared with the same period a year earlier. Sunday circulation fell 6.5 percent. ...&…