From Business Today:
Ford Motor Co.'s enormous stamping plant on Route 5 in Hamburg has upgraded its lighting to be 70 percent more efficient than it was when it used metal-halide light fixtures. The plant now boasts 1,740 LED tandem fixtures--which will save enough electricity to run 1,400 homes for a year. The $2.7 million project received an energy efficiency grant from $1.35 million grant from National Grid. The light fixtures were built by S3J Electronics in Lancaster.
Western New Yorkers are waiting to see how HSBC Holdings' profit losses will affect the rest of the community. HSBC's fourth quarter profits fell 26 percent, from $4.4 billion to $3.2 billion. The British banking company still hasn't made decisions about its subsidiary HSBC Bank USA's space in downtown Buffalo or its mortgage operation in Depew. More than 4,000 Western New York employees are anxiously awaiting their fate.
M&T Bank will close one of its three Jamestown branches. An office at 2-8 E. Third Street near Main Street will close on May 25. Its services will be consolidated with a full-service office and another walk-up location in Jamestown.
Who is getting hired, promoted and honored?
Lots of bank news. Here's some Banksy news: