Business - Page 874 of 878 - The Buffalo News
print logo

Retiring early used to be a dream-come-true for many Americans who chose to leave their jobs well before they turned 65. They had earned enough money during their careers to live comfortably, and their pensions or other retirement plans were securely in place. And they didn't have to worry about health insurance.      But with the soaring cost of healthcare…

American Axle and Manufacturing has advertised for new workers amid a strike by the United Auto Workers.The company says the ads are primarly designed to generate candidates to fill jobs once the strike is over. A spokeswoman says the companyexpects a significant number of workers to take buyouts or early retirementoffers, which would create some openings.But the ad's word…

The UAW says 81 Ford Motor Co. workers at the Hamburg plant, out of about 1,000, signed up for buyout packages by the Tuesday deadline.Other media reports indicate Ford fell far short of its companywide goal ofgetting workers to sign up for the packages. Ford hasn't said what the targetwas, but it was reportedly in the 8,000 to 9,000 range, out of 54,000 eligibletakers. F…

The strike at American Axle & Manufacturing is technically between the UnitedAuto Workers and the company, but observers wonder whether General Motorscould help settle the dispute. Industry analysts have speculated that GM could play a role once its unusuallylarge supply of vehicles runs out. For now, GM has fully or partially idled nearly30 plants due to the ripple e…

The strike at American Axle and Manufacturing is a reminder of just how closely connected the company remains with General Motors. American Axle was created from former General Motors facilities in 1994. Fourteen years later, GM still accounts for about 80 percent of its business. Meanwhile, GM is idling all or part of a growing number of its factories as they feel the ri…

Bargain hunters nationwide insist there are secret deals to be found at Target department stores.     Shoppers swear that a markdown schedule compiled by Linsey Knerl, a senior writer for Wisebread.com, helps them optimally time their purchases.     Knerl said Target's price-change team slashes prices on clearance items on specific days. To m…

Calspan Corp. sees some of itself in Flight Systems, the California-based unit of BAE Systems that Calspan has just agreed to buy. A few years ago, Calspan, based in Western New York, was a small part of defense contractor General Dynamics, which had acquired Calspan from Veridian. Since a locally led buyout in 2005, the current Calspan ownership team has been able to bri…

   Java addicts won't be able to get their caffeine fix at Starbucks this evening.    The retail coffee giant will close all of its more than 7,000 U.S. stores from 5:30 p.m. to 9 p.m. tonight for a massive employee training blitz.  The company, which has been seeking ways to improve sales and boost profits, said the training session will focus on…

   Health care is one of the biggest concerns for retirees, as the rising costs of both medical services and health insurance threatens to take a big biteout of their limited incomes.    Many recent retirees have been surprised when their former employers dramatically increase the payments retirees must make or trim coverage.    Sweet Home C…

The Seneca Nation of Indians is proving it means business when it comes to locating a $333 million casino/hotel complex in downtown Buffalo.    Just four months after unveiling final plans for what will rate as one of most expensive private project's in the city's history, construction has begun. Steel piling retention walls are going in now, to be followed by …

   To borrow a line from Tom Petty, "the waiting is the hardest part" of air travel in U.S. these days. According to a federal report on 2007 airline on-time performance released Tuesday, more than 26 percent of all domestic flights were delayed last year, forcing passengers to wait and wait and wait.    While delay statistics at the Buffalo …

  A dalmatian training a Clydesdale with music from "Rocky" playing?    A baby buying stock online from his crib?    Dancing lizards?    Macy's Thanksgiving Day Parade floats fighting over a Coke?    The Super Bowl advertising battle pitted longtime heavyweight Anheuser-Busch against all challengers. At $2.7 millio…

  If this wasn't the world's most offensive letter from a collection agency,I'd like to see the one that was worse.    Justin Thompson got a letter last October from Nationwide Collections Inc.The envelope was addressed to "S--t Face" and the letter was addressed "Dear S--t."    Not the nicest way to try to get some money from…

The last four stores in the Buffalo and Rochester areas that adopted the Martin's Super Food Stores name are switching back to the Tops Markets banner, a reflection of the Tops chain's change in ownership and orientation.The use of the Martin's format at some stores was initiated when Tops was run as part of Giant of Carlisle, Pa., under Ahold's ownership. The Martin's nam…