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The seaway is open!

From Business Today:

TopHat

The St. Lawrence Seaway kicked off its 54th navigation season Thursday. The Welland Canal bypasses Niagara Falls to connect Lake Erie and Lake Ontario and is an important part of the Seaway. An opening ceremony celebration was held at the canal, during which the captain of the first vessel to enter the waterway was honored with a beaver pelt top hat. The captain and his chief engineer signed the hat, which will be kept in a nearby museum, per tradition. The Seaway is expecting a 3 percent increase in the cargo that passes through this year. You can follow the ships in the seaway at this site.

PinkSlime

In response to consumer concerns, several national grocers have taken ground beef with the so-called "pink slime" filler off store shelves. So who in Western New York is still using it, who is not and who never has? Pink slime refers to "lean finely textured beef," beef tissue that is treated with ammonia as part of the harvesting process and added to ground beef to get a leaner product at a lower cost.

E&E

Profits were down 70 percent at Ecology & Environment during the second quarter. The drop is attributed to higher administrative costs, higher indirect staffing costs and a loss on foreign exchange rates. Profits were $504,000, or 12 cents per share, from $1.8 million, or 42 cents per share, a year earlier. The company's revenues were down just 4 percent. Ecology & Environment is an environmental consulting firm in Lancaster.

Verizon

The Communications Workers of America union is pressuring Verizon to extend its FiOS fiber-optic service to the City of Buffalo. Verizon has proposed a deal to purchase wireless spectrum from cable companies for $3.6 billion and cut deals with some cable companies, which has raised anti-trust concerns. The CWA wants the Senate antitrust subcommittee that is looking into the situation to put conditions on the deal that would make bringing FiOS to Buffalo possible.

Who is getting hired, promoted and honored?

Happy Friday:

 

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Consumer protection | Food and Drink | Regulation | Stocks | Transportation | Web/Tech
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