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10/22/2014 :: Albany, NY :: Albany Jobs :: Contests :: Blogs :: Advertising :: Deals :: My Account :: My Planner :: Sitemap :: Pay Bill

Local Albany Business Headlines

Without health care merger, $16 million investment "never happens," New York hospital CEO says
Construction is underway on a $16 million construction project for St. Mary's Healthcare in Amsterdam, New York. Vic Giulianelli, president and CEO of St. Mary's, says a health care merger about six years ago made the investment possible. "This never would have happened without that merger," he said of constructing the new outpatient building in the working-class city about 35 miles west of Albany. That merger brought together Amsterdam Memorial Hospital and St. Mary's Hospital. It was among many…
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September home sales down 3 percent in Albany region, but pending contracts increase
Single-family home sales fell 3 percent in the Albany, New York region in September, though purchase contracts, a sign of future activity, increased 7 percent, according to preliminary data released by the Greater Capital Association of Realtors. Prices also fell during the month. The average price declined 2 percent to $223,326, and the median price dropped 1 percent to $195,000. Taken as a whole, the pace of closed sales this year is down 5 percent, to 6,591 homes, compared to last year, which…
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New York creates energy management operations center in Albany
SUNY Polytechnic Institute in Albany will house New York's first energy management operations center, to be run by the New York Power Authority. NYPA will use the center to give live energy use information to state government facilities to help drive down utility costs and greenhouse gas emissions. The power authority currently provides energy management reporting to more than 3,000 public facilities. The partnership between NYPA and SUNY Polytechnic was announced Tuesday. SUNY Polytechnic, formerly…
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Cuomo holds 21-point lead in New York governor's race
Two weeks before the general election, Andrew Cuomo maintains a large lead over Republican challenger Rob Astorino in the race for New York governor. Cuomo, the Democratic incumbent, held a 29-point lead in September. He now has a 21-point edge, according to a new poll of likely New York voters by Siena Research Institute. "Astorino has narrowed the gap, however, with less than two weeks until election day, about three-quarters of Republicans and Astorino voters think that Cuomo will win. It appears…
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Companies contend with pesky budgetary item in 2015, Affordable Care Act fines
As companies nationwide begin to set up budgets for 2015, one line item seems to be a problem for some companies -- fines related to the Affordable Care Act. If you remember, companies that employ at least 100 people will start taking on fines in 2015. Now, it seems that companies are looking to insurance brokers-slash-law experts to find ways to avoid the fines and keep costs down. One popular option seems to be enrolling employees in Medicaid, and why not, since the federal and state governments…
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Coca-Cola 2014 earnings expectations lowered, cost cuts loom
Coca-Cola, the Atlanta-based beverage giant reported its third quarter profit fell 14 percent as revenue went flat. And the company warned it will miss its earnings targets for the year. Revenue: $12 billion, flat Net Income: $2.1 billion, down 14% Earnings Per Share: 48 cents, down 13% The company also said it expects to be below its long-term earnings per share growth target in 2014. And, based on the current outlook, Coca-Cola (NYSE: KO) does not expect comparable currency neutral earnings per…
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Martha Stewart's American Made winners include three NY entrepreneurs
Three New York-area companies were among the 10 winners of Martha Stewart Living Omnimedia Inc.'s American Made program, honoring standout entrepreneurs in the handcraft industry. New York-based Martha Stewart Living(NYSE: MSO) said the program, in its third year, "celebrates entrepreneurial stars of the growing 'maker' culture who have turned their passion for handcrafted, well-designed goods into small businesses and proudly manufacture their products in America." The panel of judges, led by…
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Alumnus creates investment fund that targets startups from Rensselaer Polytechnic Institute
Jeff Stewart, an entrepreneur who has founded several technology companies, is starting a fund to grow early-stage businesses developed by faculty, alumni and students at Rensselaer Polytechnic Institute in Troy, New York. Stewart, currently the chief executive office and co-founder of Lenddo, a New York City technology company, is an alumnus of Rensselaer, a private engineering and research university. He began the fund in September and says the first investment could be come by the end of the…
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Ebola scams hitting New York, attorney general says
A spam email just got through my filter. The subject line read, "Ebola protection solution: Buy it Now." Images of medicine bottles covered the screen, along with pictures of a doctor. It was immediately deleted. New York state Attorney General Eric Schneiderman issued a warning Tuesday about similar scams related to fears of Ebola. The news comes as the U.S. Food and Drug Administration is part of recent efforts to attempt to produce a vaccine for Ebola. Here are some tips from Schneiderman's…
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Mazzone Hospitality opening new banquet space at 677 Prime in Albany
Mazzone Hospitality is opening an event and meeting space at 677 Prime, its upscale steakhouse in downtown Albany, New York. The space, called Events at 677 includes a 1,500-square-foot banquet room and two smaller rooms above the restaurant that can accommodate cocktail parties, weddings and banquets. The new space will be unveiled Oct. 22 at 2 p.m. Mazzone Hospitality is the largest caterer in the region, with $37.7 million in catering revenue last year, according to the Albany Business Review…
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