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   Ron Insana's parents moved his family from Buffalo to Los Angeles when the CNBC senior analyst was just 13, but he still has a prescription for the region's struggling economy: education and culture.    "The educational environment and the cultural environment may be the two best-kept secrets about this town," Insana said Wednesday as he h…

First Niagara Bank's purchase of Greater Buffalo Savings Bank will bring an end to an exciting business start-up in Buffalo. Greater Buffalo Savings Bank grew to 16 branches since it opened its first in 1999. But as one bank goes, another grows. First Niagara will become the fourth largest bank by deposits in the region, behind M&T, HSBC and KeyBank. For many Greater…

Delphi Corp.'s radiator factory in Lockport, the region's biggest manufacturer, will be part of the new, leaner company. At least that's what it says in the bankruptcy reorganization plan that the auto parts maker filed Thursday.It's way too early to heave a sigh of relief for the plant's 3,000 jobs though. Big customer GM is cutting back on production as vehicle sales sof…

Economic development officials are naturally excited about Sonwil Distribution's decision to buy 54 acres in Buffalo's Lakeside Commerce Park to build a 300,000 square foot warehouse.Beyond that announcement, they say it's further proof of the value of having "shovel ready" sites available to compete for projects. Unless the city has large sites like Lakeside Com…

So, Apple has cut the price of it's lovely iPhone by $200, just three months after it hit the market amid a typically gigantic marketing campaign. The 8-gigabyte phone is now $399, and the 4-gigabyte model is being phased out.. The immediate cries of "no fair!" from those who paid the old price forced Apple to offer $100 credit vouchers for use at Apple stores or…

From wind-farm technicians to ethanol plant workers, Western New York is sprouting green-jobs. Renewable energy holds out promise of growth in an era of rising oil prices, advocates say.  Also growing are projects that reduce pollution and greenhouse gas emissions, as corporate and government clean-up efforts proliferate. The green trend can benefit Buffalo, boosters…

Four recent college grads from the University of Arizona rolled through town this week in their RV, interviewing people who are passionate about their jobs for a Web site, www.pursuethepassion.com. They're on a cross-country journey that will take them to 37 cities.The four guys say they are struck by how enthusiastic some people are about their work, in all different kind…

If you feel like you can't keep up with all the news in the mortgage world, don't worry. You're not alone. Over the last few months, the mortgage lending industry has been torn by drastic changes that industry insiders say are among the most severe in recent memory. At first, the focus was on "exotic" new adjustable-rate mortgage products that critics said were…

First Niagara Financial Group has agreed to sell four Central New York branches to Elmira Savings Bank, completing the previously announced consolidation of its branch network offices in Tompkins County and the Moravia office in Cayuga County, with $93 million in deposits and $9 million in consumer loans. That equals a price of roughly $14.42 million, on top of assuming th…

Technology companies are sprouting up again in Buffalo … but will the investment climate support them? Synacor, a vendor of online services, has filed a registration statement with the U.S. Securities and Exchange Commission, signaling its intention to sell stock to the public at some unfixed date. But another tech company, NanoDynamics Inc., announced this month that it…

Bethune Hall, a 90-year-old industrial structure on Main Street in Buffalo that was transformed into a University at Buffalo classroom building in the 1970s, might be reinvented yet again as a mixed-use residential and office complex.The state Office of General Services confirmed that Meyer Landau, a Brooklyn-based real estate investor, was the winning bidder at $384,000 f…