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Bethlehem Steel site could rise again, GM Powertrain call backs, slowing cigarette sales, favorable vote for First Niagara deal...

From Business Today:

The former Bethlehem Steel site could come back to life as anBethlehemsite  industrial business park. Great Lakes Industrial Development, a Buffalo company, bought the site for $3.5 million and plans to convert it into a business park. The 160-acre site housed the galvanized products division of Bethlehem Steel, including the former cold mill. The site was purchased from steelmaker ArcelorMittal, which shut the plant in 2009. The new owners are David Franjoine, his brother Dennis and Robert W. Zuchlewski. The men have other holdings in the area and have converted some industrial buildings to office space.


Well, it looks like we've come full circle in the automotive business. The GM engine plant in the Town of Gmplant Tonawanda is calling back 37 workers to make parts to ship to China, where engines will be assembled. Wasn't long ago that U.S. factories were importing parts from Chinese plants. I guess the world really is flat.

Stores selling cigarettes in the city of Buffalo are hopping mad about a proposed city ordinance that would limit tobacco advertising in stores and require a city license.Cigs  Store operators say the new rules would be redundant. Anti-smoking groups laud the idea to try to limit the luring of children to smoking.

Some politicians and citizen activists may not like the merger, but shareholders from First Niagara Financial Group and NewAlliance Bancshares in Conneciticut love the deal. More than 90 percent of shareholders from both companies approved the merger. Now it's up to regulators to give the deal the final go ahead.

Who is getting promoted, honored or hired?




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