Share this article

Business

print logo
Business

NEW YORK – A noxious feline odor has some Dell customers caterwauling.People who own Dell Latitude 6430u laptops are complaining that their pricey new computers are emitting a smell similar to cat urine. Some of them said on the company’s online customer forums that the odor seems to be coming from the keyboard or palm rest.The Round Rock, Texas, company originally advised…

1. Make safety your first priority.2. Changes to policies on personal electronic devices, or PEDs, won’t happen immediately and will vary by airline. Check on when you can use yours.3. Current PED policies remain in effect until an airline completes a safety assessment, gets FAA approval and changes its PED policy.4. Cellphones may not be used for voice communications.5. D…

WASHINGTON – Fannie Mae sued nine major banks Thursday, alleging the banks’ participation in the rigging of a key global interest rate cost the mortgage giant hundreds of millions of dollars.The banks sued include Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and others that set the London interbank offered rate, or LIBOR, which is the basis for trillions of …

Business

NEW YORK – Kraft says it plans to remove artificial dyes from three macaroni and cheese varieties that come in kid-friendly shapes, a move that comes as people increasingly reach for foods they feel are natural.The change doesn’t affect Kraft’s plain elbow-shaped macaroni and cheese with “original flavor.”The packaged-food company, which also makes Oscar Mayer and Jell-O, …

NEW YORK – October often makes investors nervous, since that’s when some of the biggest crashes in stock market history happened. But this October, the market seemed unstoppable.The Standard & Poor’s 500 index closed at a record high seven times and ended the month up 4.5 percent. The market climbed even after October began with the 16-day government shutdown and the threa…

WASHINGTON – Average U.S. rates on fixed mortgages fell for the second straight week and are at their lowest levels in four months.Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan declined to 4.10 percent from 4.13 percent last week. The average on the 15-year fixed loan eased to 3.20 percent from 3.24 percent.Rates have been falling since…

The value of Rand Capital Corp.’s investments slipped by less than 1 percent, as the Buffalo venture capital firm expanded its ongoing program to buy back its own shares, which are trading at a steep discount to their asset value.Rand said its investments were worth $25.1 million, or $3.90 per share, at the end of September, down from $25.5 million, or $3.93 per share, at …

An independent board has been created to operate Lake Shore Health Care Center in Irving, a step described as giving the Chautauqua County hospital a better chance of being sold and averting a shutdown.Lake Erie Regional Health System of New York said Thursday that it will create a separate TLC Health Network Board to operate the hospital. The new, three-member board can m…

Buffalo

A grain elevator on the Buffalo River will be transformed into a brewery entertainment and recreation complex, perhaps as soon as next spring.Developers plan to spend $15 million to convert the inactive 8-acre Wheeler-GLF grain elevator site at 333 Ganson St., located several hundred feet from the General Mills entrance by the Michigan Street Bridge, into a waterfront attr…

Hires/Promotions/HonorsChiampou Travis Besaw & Kershner promoted Laura Markle, a CPA, to tax manager. Markle joined the firm as a staff accountant in 2008 and is a graduate of Niagara University. Also, the firm promoted Bradley Bach and Eric Blackman to senior staff accountants. Bach, a CPA, is a graduate of Brockport State College. Blackman earned a master’s degree from B…

Gibraltar Industries lost $13.7 million during the third quarter as a big write-down at its European business offset stronger-than-expected earnings from the Hamburg-based building products manufacturer’s operations.The $23.4 million write-down at its European fabricated metal products business, which has struggled in the weak European economy, masked widespread improvemen…

American Banker has published its first-ever list of the "Best Banks to Work For," and none of them has branches in Western New York. The closest bank to Buffalo was Elmira Savings Bank, which was ranked No. 19 among 28 banks with under $3 billion in assets. (American Banker also ranked four banks with assets between $3 billion and $10 billion, and three with mor…

LOCKPORT – The Crosby’s convenience store at Lake Avenue and Old Niagara Road expects the equivalent of 70 free days of electricity per year from an array of solar power panels it showed off Wednesday.The company said it is the first solar-powered convenience store in the region.The chain, a subsidiary of Lockport-based Reid Petroleum, plans to add solar power to another …

Business

NEW YORK – Barnes & Noble is releasing a new Nook e-book reader for the holidays while it evaluates the future of tablet computers.Nook tablets haven’t sold well amid intense competition with Apple’s iPad, Amazon’s Kindle Fire and others. Barnes & Noble had a slim 2 percent share of the worldwide tablet market in the fourth quarter of 2012 but fell off IDC’s Top 5 list thi…

NEW YORK – The stock market retreated from all-time highs Wednesday after the Federal Reserve said the U.S. economy still needed help from its stimulus program.In its latest policy statement, the nation’s central bank said it will continue buying $85 billion in bonds every month and keep its benchmark short-term interest rate near zero. The bond purchases are designed to k…