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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.


Merchants Group Inc. said Tuesday that its net income fell 5 percent during the fourth quarter, but the Buffalo-based insurance holding company still reported higher profits for the entire year.Merchants said its net income, which includes investment gains and losses, fell to $1.32 million, or 55 cents per share, during the quarter ended Dec. 31, from $1.39 million, o…

Just as Moog Inc. starts making money after losing nearly $14 million in 1988, the East Aurora-based aerospace company faces yet another hurdle: lower defense spending.But with the company's commercial and international businesses thriving, Moog executives predicted at the company's annual meeting Friday that the firm still will grow modestly this year, and by about 9…

M&T Bank, which was forced to find a new advertising agency after Healy-Schutte & Co. dropped its account late last year to avoid a conflict of interest, has picked a New York City agency to handle its business.Wills & Evans Inc., a Madison Avenue advertising agency that already does some work for one of M&T's sister banks, has been selected to handle advertising for …

Coming off a decade that saw the market value of National Fuel Gas Co. increase about fivefold, the firm's top executive said today he hopes that growth will continue through the 1990s.But to do that, Bernard J. Kennedy, the company's chairman and chief executive officer, told shareholders at the firm's annual meeting that National Fuel will have to become more respon…

IF YOU THOUGHT picking the individual stocks or bonds was tough, try figuring out which mutual fund would be best for you.After all, there are almost twice as many mutual funds as there are companies listed on the New York Stock Exchange. And while just about everyone knows that International Business Machines Corp. makes computers, most of us couldn't say what invest…

If you're wondering why your National Fuel Gas Co. bill is a little higher this month, try using a bit of reverse logic.Thanks to something called the "weather normalization clause," customers pay a little less during months like December, when the weather is colder than normal. But their bills are a bit higher during months like January, when temperatures are warmer …

The business outlook in Western New York improved dramatically in January as the region recorded its sharpest monthly increase in business activity in more than 28 years, the Purchasing Management Association of Buffalo said.A survey of local purchasing managers found that production and new orders -- the two factors the group uses to gauge general business conditions…

Bush Industries Inc. said Thursday that it expects its earnings to fall sharply on slightly lower sales as the Jamestown maker of ready-to-assemble furniture continues to have problems with the new production methods it is adopting.Bush said it expects its fourth-quarter profits to be less than one-tenth what they were one year ago, while its sales are anticipated to …

Executives at Graham Corp. of Batavia say they don't know why the company's stock is rising.The stock shot up $3 3/8 in heavy trading Tuesday and another $1 1/2 Wednesday, closing at $28 1/4 on the American Stock Exchange.A.L. Snyder, Graham's vice president of finance, said Amex officials told him Tuesday that most of the buying activity was centered through Bear …

The managers of Fedco Automotive Components Co. in Buffalo said Wednesday they have agreed in principle to buy the replacement heater manufacturer from its current owner, NYCOR Inc. of Peapack, N.J.The management group is made up of Gary Moose, Fedco president, and Tim Brodene, the company's vice president of manufacturing and operations.Terms of the transaction were …

Graham Corp. stock, which shot up 3 3/8 in unusually heavy trading Tuesday, continued its rise today, gaining 1 3/8 to 28 1/8 , but executives at the Batavia-based company said they weren't sure why it was happening.A.L. Snyder, Graham's vice president of finance, said officials at the American Stock Exchange told him Tuesday that most of the buying activity …

FOR SMALLER STOCKS, what was supposed to be the best of times turned out to be closer to the worst of times.January generally is a good time for small stocks, which historically have tended to outperform larger stocks during the month as investors scoop up stocks that had been depressed by tax selling at the end of the previous year.This time, though, it didn't happen…

Moog Inc., continuing its recovery from a string of losses in 1988, today reported a $1.6 million profit during the first quarter.The earnings -- the fourth consecutive quarter that the East Aurora aerospace company has reported a profit -- were equal to 20 cents a share, compared with a loss of $411,000, or 5 cents per share, one year ago."This is a solid performance…

Acme Electric Corp., shrugging off a slight drop in sales, said Wednesday that its second quarter profits rose 13 percent -- the fifth straight quarter that the East Aurora-based company has reported higher earnings.Acme, which makes and designs power conversion equipment for electronic and electrical systems, said its earnings from operations rose to $851,000, or 18 …