Local Business Today:
- Growth in local life sciences boosted by familiar voices - Matt Glynn/The Buffalo News
As the local life sciences industry attempts to grow, having a booster such as Terry McGuire [right] in its corner is a plus.
He is co-founder and managing general partner of Polaris Venture Partners. The $3 billion venture capital fund with offices in Boston and Seattle helps develop life sciences and information technology companies.
McGuire is a Lancaster High School alumnus who several years ago started the BioNetwork, a group featuring former Western New Yorkers interested in revving up the region’s life sciences industry. ...
McGuire and his fellow BioNetwork members gathered in Buffalo this week for the fifth BioNetwork Summit. The group has grown over time, with early support coming from Bruce A. Holm, executive director of the University at Buffalo’s Center of Excellence in Bioinformatics. The Bio-Network has also attracted locally based businesspeople interested in bolstering life sciences.
See video below.
- Cuomo reveals warning letters to 181 ‘mortgage rescue’ companies - Dino Grandoni/The Buffalo News
State Attorney General Andrew M. Cuomo announced Wednesday that his office has sent cease-and-desist letters telling 181 “mortgage rescue” companies to stop misleading customers and end any illegal activity.
The Attorney General’s Office said that many of the companies are defrauding consumers by making unreasonable promises but providing no services. ...
Cuomo, a Democrat running for governor, took his message on an upstate tour Wednesday, speaking at 10:30 a.m. in Buffalo and in the afternoon in Rochester and Syracuse.
He urged consumers to avoid companies that ask for upfront fees, offer to make payments on the homeowners’ behalf or advise homeowners to stop making payments. Other warning signs include promises made in exchange for a home’s deed and company names that suggest a government affiliation. ...
“If you think you have been scammed,” Cuomo said, “contact our office.”
He directed New Yorkers to www.nyprotectyourhome.com , a Web site set up by his office. He also warned residents that they need to look after their own interests.
“There is never a substitution for people informing themselves.”
- Peddling Relief, Firms Put Debtors in Deeper Hole - The New York Times
- 75% of modified home loans will redefault - CNN
- Loan Mod Program Still Sputtering - ProPublica
- Strip clubs lose liquor licenses in raids’ wake - Dan Herbeck/The Buffalo News
The State Liquor Authority on Wednesday revoked the liquor license of Rick’s Tally Ho strip club in Cheektowaga and canceled the license of another strip club, 24KT Gold in Hamburg.
Both establishments were raided by police and federal agents March 2 after an investigation into drug trafficking and prostitution allegations involving dancers and patrons at the clubs.
Now, here's how Terry McGuire does it:
What's that? This one is Jerry McGuire.
-- George Pyle/The Buffalo News