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2/7/2016 :: Albany, NY :: Albany Jobs :: Contests :: Blogs :: Advertising :: Deals :: My Account :: My Planner :: Sitemap :: Pay Bill

Local Albany Business Headlines

Ethics watchdog clarifies expanded lobbying definition
The state's ethics watchdog sought to clarify on Friday what activities would force PR firms and communications specialists to register as lobbyists under new requirements. Consultants who respond to a reporter asking questions about a government issue would not have to register, but one who "appears on television to support the client's position" would be engaged in lobbying. The Joint Commission on Public Ethics approved an advisory opinion Jan. 26 that expands the definition of who must disclose…
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Glimpses of Hoosick Falls during its water crisis
Daily life has been disrupted for the residents of Hoosick Falls, New York, as the village deals with a crisis brought on by the discovery of elevated levels of a toxic chemical in its public water supply. Free bottled water is being distributed at a local grocery store while a temporary filtration system is installed that officials expect will make the water safe to drink again, perhaps as soon as March. But there are lingering concerns about the possible health effects among those who have been…
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First Niagara spent millions related to KeyCorp merger costs in 2015
First Niagara, which is in the process of being acquired by KeyCorp, spent $14 million on merger-related costs in 2015. The Buffalo-based bank released its fourth quarter and full-year results today. The bank does not plan to hold a conference call to discuss the report. For the fourth quarter of 2015, First Niagara reported $43.3 million in net income, or $0.12 per diluted share. That number was down 30 percent compared to the fourth quarter of 2014 when net income was $61.5 million. Total net…
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Crossgates Mall lands big tenant to fill empty Latitude 360
Lucky Strike, a splashy bowling/entertainment business with locations in Hollywood, Boston and New York City, signed a lease at Crossgates Mall in suburban Albany. Crossgates general manager Michael Patounas confirmed Lucky Strike is coming to the region's largest shopping center, possibly by this summer. Lucky Strike will move into the two-story, 50,000-square-foot space that has stood empty since Latitude 360 — a similar concept without the branding or reach of Lucky Strike — had its lease…
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Super stats: All about the previous 49 Super Bowls
Curious about how Super Bowl 50 will stack up to its predecessors? Rosie Downey, a researcher for an Albany Business Review sister paper, crunched some numbers about the 49 previous games. The San Francisco Business Times has the stats to help you put this mega-event in perspective. Take a look at the infographic below to see how this Super Bowl compares to all the games that came before it. Check out the San Francisco Business Times for more Super Bowl related coverage.
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$184 million UAlbany complex will be located at Harriman campus
University at Albany's $184 million emerging technology and entrepreneurship complex will be located at the Harriman office campus in Albany. A 236,000-square-foot building will be constructed on 12 acres there. The building, which is referred to as E-TEC, has been under development for several years. UAlbany President Robert Jones said last year that the Harriman campus was a possible location for the complex. It was originally planned for the university's main campus and expected to open in 2017. UAlbany's…
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Martin Shkreli’s smirk says more than his Congressional hearing silence
Former chief executive officer of Turing Pharmaceuticals, Martin Shkreli, appeared today before a House Oversight Committee related to charges of securities fraud with a smirk on his face that’s difficult not to hate. The millennial investor who rose to fame after Turing Pharmaceuticals increased by 5,000 percent the price of a drug used to treat AIDS, spoke during the hearing to invoke his Fifth Amendment rights not to self-incriminate. After that, he mostly let his smile do the talking. But…
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Corporate interests the villain in Democratic debate
If you think Wall Street is the dominant force in American business, there was a lot to chew on in Thursday night’s Democratic presidential debate; both Hillary Clinton and Bernie Sanders tried to convince voters that they would be the best choice to rein in the financial industry. If, however, you think small businesses are more important as far as creating jobs and sparking innovation, there was precious little for you to consider. Only Clinton even mentioned small business, saying she wants…
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Architecture ID reveal: Answers to the rescue
Have no Frear, the Fear Building is here. Frear … we meant the Frear Building in Troy, New York, because it's the answer to this week's Architecture ID! You can read all about this historic building here. We want to know what you thought of this week's puzzle. Send us an email, or post on on Facebook or Twitter. While you're there, make sure to like and follow us so you can be updated on when new clues are added. If you'd like to try another puzzle, here is last week's, but it's possible that…
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Pfizer executive joins Albany drug development company's board
An Albany-based drug development company has added Pfizer Inc. executive vice president Anthony Maddaluna to its board. Albany Molecular Research Inc., (NASDAQ:AMRI), which employs about 700 people in the Albany, New York area, has shifted its focus in recent years to contracting with drug companies to do research and manufacturing as royalties from blockbuster allergy drug Allegra expire. Maddaluna has been the president of Pfizer Global Supply since 2011. "We believe Tony's insights and counsel…
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