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7/3/2015 :: Albany, NY :: Albany Jobs :: Contests :: Blogs :: Advertising :: Deals :: My Account :: My Planner :: Sitemap :: Pay Bill

Local Albany Business Headlines

LaQuinta Inn & Suites latest hotel targeting Clifton Park
On the heels of another hotel getting approved in Clifton Park, New York, officials received yet another proposal, this one for a LaQuinta Inn and Suites. At this point, you need a scorecard to keep track of all the hotels in the suburban Saratoga County town north of Albany. A half-dozen have been built or proposed over the past four years as developers are buoyed by strong occupancy rates in the region and low borrowing costs. The latest proposal comes from Casco Hospitality LLC, which wants…
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Why a Ukrainian credit union is opening a new Albany, New York branch
The only Ukrainian Federal Credit Union branch in Albany, New York is relocating from Route 2 in Watervliet to Route 9 in Colonie later this year. Ukrainian FCU is headquartered in Rochester, New York, with locations across the state in Syracuse, Buffalo and Albany. It also has branches in Boston, Sacramento, Portland, Oregon, and Vancouver, Washington. Ukrainian FCU has more than $180 million in assets between the branches. It's the only ethnic-based credit union in the Albany area, according…
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How do you get faster Internet in Albany, New York? This group is looking for the answer
Albany, New York is creating a working group to study the speed of the city's broadband Internet connection for residents and businesses. The task force will assess the strengths and weaknesses of Internet access in the city. It will find out what prevents some residents and businesses from getting fast and affordable Internet and find out what needs to be changed. The goal is to recommend options and funding potential to improve the city's Internet access. “The first step is asking the right…
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Why June's job numbers are disappointing (Video)
The economy added 223,000 jobs in June and the unemployment rate fell to 5.3 percent, but some economists are disappointed. Why? Wages remained flat and the labor participation rate fell to 62.6 percent, the lowest rate since October 1977. That’s the mixed message contained in Thursday’s jobs report from the Bureau of Labor Statistics. The gain of 223,000 jobs was below the average monthly gain of 250,000 for the previous 12 months. The professional and business services sector was strong,…
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Paypal buys Xoom for $890 million
Paypal said it agreed to buy San Francisco-based digital money transfer provider Xoom for $890 million, or $25 a share in cash. Xoom helps people in the U.S. transfer money to relatives in places such as Mexico, the Philippines, China and India using smartphones, tablets and computers. In 2014, Xoom had more than 1.2 million active customers that sent nearly $7 billion that year. Ironically, PayPal will pay cash for Xoom shares because it hasn't yet gone public. Its separation from Ebay is expected…
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More accidents for Google's self-driving cars
Google Inc.’s new bubble prototype cars hit the road last week, and the company’s latest self-driving car accident report shows more fender-benders for its line of autonomous cars. The latest incidents occurred on June 4 and June 18. Both were rear-endings, much like the previously reported accidents. This is actually the third accident in a row that was a rear-ending, Google says. So far, however, no accidents have been reported in its newest line of prototypes that don’t go above speeds…
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Another L.L. Bean store headed to greater Albany, New York region
L.L. Bean is adding to its New York portfolio with an outlet store in Queensbury. The Post Star is reporting that the Maine-based retailer has plans to open a 13,600-square-foot store just south of Lake George. The store is set to open at Adirondack Outlet Mall on Route 9 in August. The outlet store is a departure from the full retail locations and features overstocked and discontinued merchandise — from outdoor and casual wear to gear for kayaking and hiking. L.L. Bean has four full retail…
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A shift in course as Justice Department investigates airlines
Two years following the Justice Department’s approval of the latest airline mega merger, federal prosecutors have started investigating the possibility of collusion in the industry. U.S.-based airlines are now facing a Justice Department investigation into anti-trust matters and whether there was collusion into controlling flights and seating capacity. It’s simple supply and demand: Fewer flights and fewer seats drives up the cost of airline tickets. American Airlines and Southwest Airlines…
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Pataki denounces Trump’s attack on Mexicans
Former New York state Gov. George Pataki distanced himself from fellow GOP presidential candidate Donald Trump in no uncertain terms. Pataki, who is not showing up strongly in early polling, issued a press release calling on the Republican candidates running for the party’s nomination to join him in denouncing Trump’s recent comments about Mexicans. In his statement, which he addressed to the other Republican candidates, Pataki said: “My fellow Republicans like to talk about how we have…
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More degree programs for Saint Rose business school
The College of Saint Rose continues to add degree programs to its business school, part of an ongoing effort to bolster the school. Saint Rose has added undergraduate degrees in business economics, finance and financial planning. The latter two programs were previously business concentrations at the school. These new programs are introduced less than a year after the school added four degree programs in management, entrepreneurship, marketing and human resources. “We’re looking to make programs…
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