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David Robinson

David Robinson is the deputy business editor for The News, where has worked since graduating from Syracuse University in 1985. A New Hampshire native, he started out in the News' Tonawanda bureau and moved into the business news department in October 1987, exactly a week after the stock market crash.


Business

Spectrum is raising prices for its individual television and internet services, beginning next month. The price increases do not affect Spectrum customers who purchase their television, internet or telephone services as part of a package. Prices will rise by 1.5 percent for consumers who purchase internet service from Spectrum individually. Spectrum television servic…

Business

The Buffalo Niagara job market is still going strong. The region added 6,800 jobs over the past year – a 1.2 percent annualized growth rate – as hiring picked up at local construction companies and in education and health services, according to new data for September from the state Labor Department. The data shows that hiring has been robust by Buffalo Niagara st…

Buffalo

Computer Task Group's third-quarter profits matched analyst forecasts as the Buffalo-based information technology company's revenues jumped 22 percent. CTG earned $1.4 million, or 8 cents per share, during the quarter, after roughly breaking even during the same period last year. Excluding one-time items, CTG earned $900,000, or 6 cents per share, up from $700,000, or 5…

Business

The president of the union that represents most of Tops Markets workers is "disgusted" by the supermarket company's proposal to pay $3.6 million in bonuses and provide an ownership stake in the restructured company to its highest-ranking executives at a time when worker pensions are being cut. "They're trying to cut corners. Hours are being cut. And at the same time, th…

Business

Tonawanda Coke Corp. has filed for bankruptcy, just days after telling government regulators it planned to shut down its Town of Tonawanda facility following a long fight with them over emissions. The Chapter 11 bankruptcy filing would allow the company to reorganize its operations, although Tonawanda Coke said in court documents that it does not expect to have enough m…

Business

Tops Markets CEO Frank Curci and other high-ranking executives at the supermarket chain may end up getting big bonuses after all. Just four months after Tops scrapped a controversial plan to pay up to $3.6 million in bonuses to Curci and four other high-ranking executives during its bankruptcy case, the company once again is proposing to pay $3.6 million in bonuses to i…

Business

Taylor Devices' first-quarter profits more than doubled as the North Tonawanda shock absorber manufacturer's U.S. defense business rebounded. The company earned $740,832, or 21 cents per share, during the quarter that ended in August, up from $301,747, or 9 cents per share, a year ago. Sales rose 11 percent to $7.3 million from $6.6 million. The company's 37 percent …

Business

Bak USA, the Buffalo tablet maker that takes a socially responsible approach to its business, has cut more than 20 jobs as it faces rising costs on the components it uses because of the Trump administration’s tariffs on Chinese imports. The job cuts will reduce Bak USA’s work force, which had numbered more than 100 people, by roughly 20 percent and comes three weeks aft…

Business

Heating bills shouldn't be a budget-buster this winter. Heating costs are expected to rise by almost 5 percent this winter – and if the forecast pans out – it would be the most expensive heating season in four years, according to a new forecast from National Fuel Gas Co. But there's a silver lining: Even with the expected increase, heating costs still are expected to…

Business

The Buffalo Niagara housing market stayed sizzling into September. Home prices kept rising – increasing by almost 7 percent over the past year – reaching the $160,000 level for just the second month ever and $5,000 short of the all-time high set during July. But the market remains tight, with potential buyers still outnumbering the supply of homes for sale – an i…

Art

Investment guru Jeffrey Gundlach expects long-term interest rates to keep rising, which could threaten the nation’s housing market at a time when the Trump administration’s tax cuts have created a “Miracle-Gro” economy. Gundlach, the Amherst native and Albright-Knox benefactor who is chief executive officer of DoubleLine Capital in Los Angeles, outlined his views on the…

Business

Will the real Buffalo Niagara economy please stand up? With “help wanted” signs popping up all around the region as unemployment falls to an 18-year low and housing prices spiking to record highs, there still are plenty of indications that the Buffalo Niagara economic renaissance is continuing. But new federal data indicates that it’s hard to put a number to it. …

Business

Even a $1 million grand prize is no guarantee of success for a 43North winner. But sometimes it helps – a lot. Venture capital is a hit-or-miss business, and it's mostly misses. The vast majority of startups end up failing, and only a few turn into the fast-growing success stories that their initial potential heralded. Sometimes it takes years for a business to develop,…

Business

The state's top economic development official in Western New York is leaving his post to join Pegula Sports and Entertainment. Christopher Schoepflin, who replaced Sam Hoyt as the head of the Buffalo office of Empire State Development, will join Pegula Sports and Entertainment as its vice president of external affairs and strategic development. Schoepflin, who in his…

Business

Local development officials are once again making community development a top priority as they gear up for the next round of state funding for economic development initiatives. The officials on Tuesday released their wish list of 16 priority projects that they believe will lay the groundwork for further investment and creating other types of spinoff opportunities. Fr…