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Moog Inc. has laid off 18 full-time employees locally, citing uncertainty stemming from pending federal government spending cuts.The Elma aerospace company said it is laying off a total of 97 employees worldwide, including the local layoffs.“Without specific direction from our U.S. government customers, we don’t have a clear view of our military programs looking out in…

The Buffalo Niagara region’s stubbornly high unemployment rate eased a bit during March.The local jobless rate fell to 8.5 percent last month – the lowest March rate in two years – as fewer people in the region’s shrinking labor pool counted themselves as unemployed, the state Labor Department said Tuesday.The region’s seasonally unadjusted unemployment rate was …

 AVOX Systems received approval from the Lancaster Village Board on Monday night to proceed with a $5.3 million project that will boost efficiency by mothballing the company's oldest plant and reconfiguing its two remaining plants. AVOX, formerly Scott Aviation, makes oxygen and respiratory products and systems for the aerospace and defense industries and is a s…

A contingent including representatives from 12 area life-sciences companies and the major institutions on the Buffalo Niagara Medical Campus is in Chicago this week for the BIO International Convention. The delegation is attending the convention for the first time under the “Buffalo Niagara BIO” brand after taking part for the past five or six years as a member of the …

LOCKPORT – Yahoo will save more than $45 million under the terms of a state and local package of tax breaks and electricity discounts for the second phase of the company’s data center in Lockport.That’s on top of more than $100 million the company saved in the benefit package it received when it agreed to locate the original data center in the town’s industrial par…

Shareholders of Northwest Savings Bank get to double-dip on their dividend in May, as the Pennsylvania-based savings bank's board of directors approved not just one but two cash dividends of 12 cents each. The board said it declared the second, special dividend because it has too much cash on hand that it can't put to use in the current climate. It also recognize…

Business

FedEx will receive more than $2 million in tax breaks through the Erie County Industrial Development Agency to build a $10.6 million office and distribution center in the Town of Tonawanda that will boost the freight and package delivery firm’s employment in the Buffalo Niagara region by more than 80 jobs.The tax breaks that FedEx is getting through the IDA are in additi…

Business

If you’re a customer of AT&T’s U-verse service or have plain-old DSL Internet access, you may feel like you’re stuck in the slow lane, especially compared with your friends and neighbors who have cable Internet access.But you soon may be getting a speed boost.Through a combination of existing and emerging technologies, DSL providers starting as soon as this year are …

In today's Discount Diva column, I reference an episode of "Sesame Street" that really freaked me out as a kid.   In the song "Garbage Man's Blues," I found out for the first time that we were "running out of resources/running out of space" and that we "don't have room for all that waste."   That was enough t…

Business

Turnover is always high in the restaurant industry, but the Grim Restaurant Reaper seemed particularly busy here in the past year or so.O’Connell’s American Bistro. City Grill. Cozumel Grill. Romanello’s South. Tantalus. DiGiulio’s & Co. Solé. Sal’s Famous Pizzeria.Old and new, cheap and expensive, exotic fare and mainstream grub, they – and a score of other l…

Business

Danny Wegman is chairman and CEO of one of the most successful family-owned grocery store chains in the country. Founded by his grandfather Walter Wegman in Rochester in 1916, Wegmans now has 81 stores in six states. The company regularly ranks at the top of Fortune’s “100 Best Places to Work For,” and has been named the best grocery store chain in the country by Con…

The first of two buildings in the $26.1 million Fox Creek Estates senior citizens apartment complex is expected to be ready for occupancy by the beginning of next year, the developer said Friday.The project, which has been in the works since late 2010 but has since faced delays, an ownership change and rising costs, has been redesigned to include eight additional apartment…

Business

First Niagara Financial Group’s interim CEO stressed Friday that the bank is “laser-focused on profitability” and will grow only through adding customers and loans – not acquisitions – as the company reported higher first-quarter profits from commercial lending, cost-cutting and strong credit.“I want to be very clear that our focus is on leveraging the footprin…

Business

ALBANY – A $2.2 billion project to bring power from Quebec to New York City passed a key regulatory hurdle Thursday afternoon in Albany. Critics say the project would reduce power sales from upstate power plants.The State Public Service Commission approved the construction and operation of the Champlain Hudson Power Express, which will carry 1,000 megawatts of power from…

The Buffalo Niagara region’s tepid job growth continued into March, with a sluggish start to the construction season and government cutbacks putting a damper on the local job market.The region added 1,400 jobs from March 2012 to March 2013, a 0.3 percent annual increase that was just a third of the statewide increase over the past year and just one-fifth of the growth na…