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Local Albany Business Headlines

Delcath Systems relocates corporate headquarters
Delcath Systems Inc., an early-stage medical device maker, has relocated its corporate headquarters in New York City. The company is subleasing some office space in New York City, while relocating its headquarters into a smaller and less expensive space in the city, according to a U.S. Securities and Exchange Commission filing Tuesday. The news came after major leadership changes in September, along with a series of cost-cutting measures and layoffs during the past 12 months. Delcath is subleasing…
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Follow the money: Billions of dollars spent by drug and medical device makers to sway doctors and teaching hospitals
Drug and medical device companies are paying billions of dollars to doctors and teaching hospitals, and the money is going toward everything from restaurants tabs to research grants. Just during the last five months of 2013, about $3.5 billion worth of total payments were made nationally. That money went to 546,000 individual physicians and almost 1,360 teaching hospitals. Among the companies making payments are Regeneron Pharmaceuticals Inc. and AngioDynamics Inc.– with more than 1,800 employees…
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'Labor peace' assured for $66.5 million Albany convention center
A public authority authorized a project labor agreement with construction trade unions as a groundbreaking nears for a $66.5 million convention center in downtown Albany, New York. The agreement between the Albany Convention Center Authority and Capital Region Building Trades ensures there are no strikes or other work stoppages, and maximizes time efficiencies, during the 22 months the 84,000-square-foot convention center is being built at the corner of Howard and Eagle streets. The agreement is…
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Troy Savings Bank Music Hall plans to build off successful season with new-look lineup
Troy Savings Bank Music Hall will host standup comedian Kathleen Madigan this November, a departure in genre for the historic performance venue in downtown Troy. The change in type of shows offered at the concert hall is to grab a broader and younger audience, says Jon Elbaum, executive director of Troy Savings Bank Music Hall. He's expanding the range from classical, world, jazz and acoustic music to include more avant-garde and comedy performances and the venue, which is known for its acoustic…
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EYP buys Texas architecture firm, expands reach into Southwest
EYP, the largest architectural firm in the Albany, New York, area, bought WHR Architects in Houston, a move that enables EYP to broaden its reach into the health care sector and expand into the Southwest. It’s the third acquisition for EYP since the firm sold a minority stake to a private equity firm in 2011 and started an aggressive growth strategy. EYP is an industry leader in higher education, government and sustainable design, more than 300 employees in 15 offices in the U.S. and Europe.…
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What's in your wallet: The highest-paying jobs in the Albany area
How much money people earn makes a big difference. Just ask any executive recruiter or economic development official. When they’re courting the top workers, leaders and businesses, the region’s rate of pay often makes or breaks the deal. How does Albany stack up? Data released for the first quarter of 2014 by the state Department of Labor offers a peek at which professions pay the most locally. (See the sortable database below to see which jobs rank where.) The average annual pay rate in…
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Reason to worry after first U.S. Ebola diagnosis?
The patient in a Dallas hospital diagnosed with Ebola is a first for the United States. Almost immediately after the news broke Tuesday, Twitter lit up with more than 50,000 tweets about the case — that was in one hour, with many panicked responses, CNN reports. The unnamed patient recently flew into Texas from Liberia, an Ebola hot spot. This fact sparked questions about whether fellow passengers on that flight could have been affected. If so, what does that say about the spread of Ebola in…
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Dallas Ebola patient recently traveled from Liberia, a hotbed of the disease (Video)
The U.S. Centers for Disease Control and Prevention has confirmed that a patient in a Dallas hospital has the Ebola virus, the first person to be diagnosed with the disease in the United States. The unidentified adult patient has been isolated at Texas Health Presbyterian Hospital of Dallas and has been diagnosed with a strain of Ebola not previously encountered outside of Africa. The patient recently traveled to the United States from Liberia, Thomas Frieden, director of the CDC, said during a…
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Doctors frustrated by electronic medical records as reform deadlines loom
Hospital executives and doctors nationwide say they’re concerned that their new digital medical record systems are unable to easily share information with different systems, according to a report in The New York Times. The complaints come after countless doctors and medical systems across the country made the transition in recent years to expensive electronic medical records. The end goal was better coordination of care and reduced costs. The problems aren’t universal, but doctors are concerned…
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Without PayPal, eBay could become Alibaba's path to the U.S.
Alibaba's $25 billion IPO this month put new pressure on eBay to separate its core marketplace business from its PayPal finance unit, something eBay said on Tuesday that it will do next year. But the Chinese e-commerce giant may play an even bigger role in San Jose-based eBay's future as a potential acquirer, according to some analysts on Tuesday. "At the end of the day, the most logical way that this plays out is that Alibaba ends up purchasing eBay's marketplace," Gene Munster of Piper Jaffray…
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