From Business Today:
Rosa's Home Stores will be having a going out of business sale after all. The bankruptcy judge had to approve the sale after some creditors objected. But don't expect the merchandise to be given away. The liquidation company, Planned Furniture Promotions, has to pay 73 percent of the cost of Rosa's inventory to the bank.
The Statler saga continues. The bankruptcy judge extended the hearing over who will own the giant landmark building in downtown Buffalo until January 12. But it appears that the city of Buffalo will end up with the former hotel.
New York Gov. David A. Paterson extended the low-cost power contracts that more than 100 Western New York companies enjoy from the New York Power Authority. About one-third of the power from the Niagara Falls Power Project goes to these companies, which employ about 30,000 people.
The proposed medical building on Main Street near High Street that will house much of functions of the Women's and Children's Hospital got a warm reception from the Buffalo Planning Board.
Who is getting hired, promoted and honored?