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David Robinson News Business Reporter


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Sheehan Memorial Hospital, the Michigan Avenue hospital that closed earlier this summer, has filed for bankruptcy in a move that the company’s attorney said is expected to clear the way for an auction to sell the property. Sheehan Memorial filed for a Chapter 11 bankruptcy reorganization Friday, listing $6.3 million in assets and liabilities totaling nearly $5.5 million, a…

Nearly $30 million in school refunding bonds that the City of Buffalo plans to sell next week have received an investment-grade rating from Fitch Ratings, one of the three major credit ratings agencies. Fitch rated the bonds A+, which is in the middle of the scope of investment-grade ratings. An investment-grade rating generally allows a borrower to issue debt at a lower i…

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The median sale price of homes sold jumped by 7.1 percent to a monthly record high during June, fueled by a big drop in the number of homes on the market, a local real estate group reported. The median sale price of the homes that sold in June – meaning half sold for more and half for less – increased to $127,500, which was the highest monthly median sale price ever, accor…

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Springtime was a good time for the parent company of Tops Markets. The supermarket chain’s profits improved sharply to $9.5 million, compared with modest earnings during both the previous quarter and the spring of last year. Tops executives said Tuesday they were pleased with the company’s second-quarter performance, crediting “better than expected” results from its new an…

Forty-two gold, silver and bronze Excalibur Awards were presented Thursday night honoring public relations work in the region at the 23rd annual dinner of the Buffalo Niagara chapter of the Public Relations Society of America.Wally Smith and Andrea Langston, representing AAA Western & Central New York, and Carolyn Human and Susan Asquith of Travers Collins received platinu…

Forty-four gold, silver and bronze Excalibur Awards were presented Thursday night honoring public relations work in the region at the 22nd annual dinner of the Buffalo Niagara chapter of the Public Relations Society of America.Jeff Paterson and Kate LaBrake, representing the Health Association of Niagara County Inc., and Debra Park and Eileen Herbert of Canisius …

Fifty-seven gold, silver and bronze Excalibur Awards were awarded Thursday night honoring public relations work in the region at the 21th annual dinner of the Buffalo Niagara chapter of the Public Relations Society of America.Michael Barone of Fredonia State College and Lynn Casteel, John Pitts and Sharon Linstedt of Travers Collins & Co. received platinum "Best …

New Era Cap Co. announced Friday that it cut six marketing jobs at its Buffalo headquarters and two others at its Action Sports office in Irvine, Calif. The cuts are "in response to the economic downturn, here and globally, as well as a shift in consumer demand for our products," company spokesperson Dana Marciniak said in a news release.New Era also announced that The Mar…

Buffalo ranks third in the nation for combined online and print newspaper readership, according to a new survey that runs counter to the doubt about the future of newspapers.The analysis of "Integrated Newspaper Audience" data by Scarborough Research found that 86 percent of adults in Buffalo read a printed newspaper, a newspaper's Web site, or both in the last week.That's…

A mixed media campaign by Crowley Webb and Associates for Praxis won the Best of Show award at the annual ADDY Awards banquet Friday hosted by the Advertising Club of Buffalo.Crowley Webb also took home the the most awards with 16 gold and 15 silver at the event held at the Hyatt Regency in Buffalo.The other top winning agencies were:The Martin Group with six gold and 16 s…

Nominations close Friday for an award honoring leaders in the Buffalo Niagara region's New Economy.The Innovate Buffalo Niagara awards will recognize leaders in five industry clusters that have been targeted by local economic development officials: advanced manufacturing, agribusiness, back office and financial service operations, life sciences and logistics.The awards, sp…

The Buffalo News announced Monday it will offer voluntary resignation incentives to about 10 percent of its workforce in an attempt to reduce operating expenses. Newsroom and outside advertising representatives will not be affected."Like all other news organizations, our business is under financial duress," said Dottie Gallagher-Cohen, senior vice president of marketing at…

Joseph Rosen has been named president and chairman of Goodyear Dunlop Tires North America Ltd., the Amherst-based joint venture that is the biggest supplier of original equipment and motorcycle tires in the United States.Rosen will be in charge of the joint venture that was formed in 1999 between Goodyear Tire & Rubber Co., and Sumitomo Rubber Industries. The venture emplo…

Forty-six gold, silver and bronze Excalibur Awards were awarded Thursday night, recognizing outstanding public relations work in the region, at the 19th annual awards dinner of the Buffalo/Niagara Chapter of the Public Relations Society of America.Tracy Schiedel, Jessica Mitrovits, Sara Calarco and Rachel Gottlieb of Curbell Plastics and Barbara Irwin of Canisius College V…

The mixed-media campaign created by Crowley-Webb & Associates for the Phillips Lytle law firm won the Best of Show award at the annual ADDY Awards hosted by the Advertising Club of Buffalo.The annual event, held Friday at Kleinhans Music Hall, brought together the region's advertising and public relations community.Travers Collins & Company won the most awards with 50, inc…