From Business Today:
Wall Street reeled after the Dow's biggest one-day point drop since December 2008. But investors here say there is still opportunity for investors, even though stocks will continue to plunge. Thomas S. Quealy, Jr., the chief executive officer at Nottingham Advisors in Amherst, said strong corporate profits, lots of cash in corporate treasuries and reasonable stock valuations can all be counted as positives.
Verizon Communication land line and FiOS workers are out on strike and it is already getting ugly. Verizon is claiming workers have sabotaged work sites around the country, while two picketers here claim a replacement worker hit them with his vehicle when crossing the picket line to enter the company's Amherst offices. The Communications Workers of America Locals 1122,1115 and 1117 as well as the International Brotherhood of Electrical Workers Local 2213 walked off the job late Saturday night after union and company representatives failed to negotiate a contract. Verizon is seeking concessions on wages, health care, vacation, sick time, work rules and job security. Workers have vowed to do "whatever it takes" to protect their standard of living in the face of the company's record profits.
Western New York is getting yet another call center, this time bringing 60 jobs with it. Churchill Downs Technology Initiatives Co., the company that handles phone betting services for the New York Racing Association, will invest $750,000 to build a call center at 4226 Ridge Lea Road in Amherst. Those 60 jobs had originally been filled by workers in New York City before being outsourced to Oregon.
Who is getting hired, promoted and honored?
It's still raining out there, huh?