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NEW YORK – Chew this.The Hershey Co. is launching a new candy brand, its first new brand in 30 years, a soft caramel creme line called Lancaster. And for the first time, it is taking a double barreled approach, debuting the candy in the U.S. and China at once.The move comes as China increasingly becomes a focus for U.S.-based consumer goods companies that are seeking to of…

NEW YORK — You can almost hear Wall Street exhaling.The Dow Jones industrial average soared more than 300 points Thursday after Republican leaders and President Barack Obama finally seemed willing to end a 10-day budget standoff that has threatened to leave the U.S. unable to pay its bills.The news drove the Dow to its biggest point rise this year and ended a three-week fu…

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ARLINGTON HEIGHTS, Ill. – Every passing month and unanswered résumé dimmed Jim Glay’s optimism more. So with no job in sight, he joined a growing number of older people and created his own.In a mix of boomer individualism and economic necessity, older Americans have fueled a wave of entrepreneurship. The result is a slew of enterprises such as Crash Boom Bam, the vintage d…

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New-car sales in the region increased 13 percent in September from a year ago, adding to what has been a strong year for many dealers.Franchised new-car dealers reported selling 4,647 new units, compared to 4,119 in September 2012, according to the Niagara Frontier Automobile Dealers Association. (The figures exclude big seller Chevrolet, whose numbers are not disclosed.)T…

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I guess her famous catchphrase is true: one day you're in, and the next, you're out. A stroller hawked by Project Runway host and former supermodel Heidi Klum has been given a "don't buy" rating by Consumer Reports magazine. In a series of consumer product safety tests, a buckle on the safety harness of the Truly Scrumptious Travel System by Hei…

Douglas P. Taylor, the top executive at Taylor Devices, thinks the North Tonawanda manufacturer of shock absorbers is on track for “another good and profitable year.”But the company’s road to that goal was a rocky one during the summer.Taylor Devices’ profits tumbled by 67 percent during its first quarter, while sales shrunk by 28 percent, as the company weathered a downtu…

When Ezra Staley finished his MBA at the University at Buffalo, he was recruited along with graduates of big-name business schools into M&T’s exclusive executive development program. He found their training and ability to be comparable to his, but their debt burdens were considerably heavier.“They came in with a lot more student loan debt, but we all got similar starting s…

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Say his name, and it will call forth strong – and widely differing – reactions. Some people love him, saying he saved the Sabres and kept them in Buffalo.Others say he could be hard to deal with, or an outsider at times.But B. Thomas Golisano, the man who made a fortune out of Paychex, the former owner of the Buffalo Sabres and multiple-time gubernatorial contender, is all…

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NEW YORK – Global investors have stayed remarkably confident in the U.S. despite one budget crisis after another. But they’re starting to wonder if the latest political impasse will tarnish America’s Teflon image.So far, the nation’s reputation as the world’s best place to invest remains unshaken. The 10-year Treasury note, the bedrock of the government’s debt market, has …

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Walt Disney Co. plans to stop issuing stock certificates, delivering shares only in electronic form in a blow to would-be collectors of the documents featuring drawings of Bambi and Mickey Mouse.When investors transfer shares, paper ones won’t be reissued, Disney said Tuesday in a regulatory filing. The changes, which take effect on Oct. 16, will shrink the supply for webs…

NEW YORK – The nation’s largest manager of money market mutual funds said Wednesday that it no longer holds any U.S. government debt that comes due around the time the nation could hit its borrowing limit.Money market portfolio managers at Fidelity Investments have been selling off government debt holdings over the last few weeks, said Nancy Prior, president of Fidelity’s …

NEW YORK – Signs that lawmakers are making moves to end a stalemate in Washington and avert a U.S. government debt default halted a slump on the stock market Wednesday.President Obama is making plans to talk with Republican lawmakers at the White House in the coming days as pressure builds on both sides to resolve their deadlock over the federal debt limit and the partial …

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Mary St. Mary isn’t one of those “crazy” Trader Joe’s devotees.She’s not one of those people who makes special trips to its Rochester-area store a couple of times a month to stock up on her favorite specialty food items. Well, OK, she made the pilgrimage once over the summer, but the super yummy chocolate covered almonds with sea salt and turbinado sugar alone were totally…

NEW YORK – Nothing like getting the brush-off.Jos. A. Bank proposed to acquire its bigger rival Men’s Wearhouse in a $2.3 billion deal that would create a men’s wear juggernaut with close to 2,000 stores.But the leaders at Men’s Wearhouse rejected the offer about two hours after it was publicly disclosed, calling it “opportunistic” and “inadequate.”Jos. A. Bank Clothiers d…

Hires/Promotions/HonorsThe Hamburg Natural History Society named Kimberly R. Barnashuk to its board of directors for a three-year term. Barnashuk is an associate with Phillips Lytle. The Hamburg Natural History Society was founded in 1993 to promote the study of the natural sciences with an emphasis on the field activities associated with the geological and biological scie…