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Lexus boss visits WNY, Health insurers give in to transparency and more

From Business Today:


The group vice president and general manager of Lexus was in town this week. Mark S. Templin said 2012 will be a much brighter year than 2011, when the brand was rocked by the Japanese earthquake and tsunami, causing production disruptions. Lexus has a new $8 million dealership in Amherst. Northtown Automotive Cos. built the swanky new site to replace an older, smaller one across Sheridan Drive.


More health insurers have stopped resisting the government's call for transparency in rate hike requests. Joining UnitedHealth Group are Buffalo-based HealthNow New York (parent to Blue Cross Blue Shield of Western New York) and Rochester's Excellus Health Plan (parent of Univera Healthcare). All have agreed to let the state publicly release documentation the companies submitted when requesting rate hikes.


Profits are up at Greatbatch. The medical and electrochem company had a 17 percent increase in profits during the third quarter. The spike was attributed to higher sales across its medical products businesses and lower interest costs.



A Depew sensor and instrument maker has received a grant. PCB Piezotronics received $400,000 from New York State Electric & Gas for its $5.3 million expansion in Depew.


Who is getting hired, promoted and honored?

It's Friday, people!



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