From Business Today:
It's freezing outside, your car is a rolling block of salt and grime and you need a little glimpse of spring. That's what the organizers of the Buffalo Auto Show are counting on. The Buffalo Niagara Convention Center is packed with gleaming new vehicles - from high-end imports to electric marvels - and people are loving it. Auto dealers say they are seeing more crowds in their showrooms, and the sales figures are steadily increasing. The show runs through Sunday.
Business leaders across Upstate New York are getting happier, but they're still glum. That's the conclusion of the fourth annual survey by First Niagara Financial Group. About 27 percent of the 645 top level executives say the business climate is "a little better," but 38 percent say it's "about the same" as six months ago. That's more optimistic than last year. But as First Niagara CEO John Koelmel says: "This was years in the making, and it'll be years in the rebound."
M&T Bank has some bad news for employees at Wilmington Trust Corp., the Delaware bank it is buying: 721 back-office jobs are being eliminated in Delaware. It's not a surprise. M&T said it would keep all the jobs where people deal directly with customers, but much of the support work can be absorbed by existing M&T people. It proves the adage: better to be the buyer than the bought.
Ultimate Electronics had a short run here. The discount electronics store that opened last fall in Cheektowaga is closing. The chain of 46 stores is in bankruptcy and going out of business.
Who is getting hired, promoted and honored?
Auto show fun...