NY Daily Record Since 1908

WASHINGTON — With six days before Americans choose a new president, the Federal Reserve sent a dual message Wednesday: It isn’t yet time to raise interest rates. But it’s getting very close. After its latest policy meeting, the Fed dropped ...

Gov. Andrew Cuomo was in Rochester Wednesday to sign legislation to modernize the state’s Alcoholic Beverage Control Law and help announce a major expansion of Genesee Brewery. The changes to the law include: allowing bars and restaurants to sell alcohol ...

Tagged with: Genesee Brewery Gov. Andrew Cuomo

A new report by the New York State Comptroller’s Office shows job growth has been lagging in upstate New York since the end of the recession, although the Finger Lakes region and western New York are doing better than other ...

Tagged with: Comptroller Thomas DiNapoli Jobs Upstate

ALBANY — New York Gov. Andrew Cuomo’s signature economic development program may have created fewer jobs than the state says. The Democratic governor’s administration released a report on Start-UP NY that says the program has generated 408 jobs since its ...

Factory activity in New York expanded in June, rebounding from a May decline as manufacturer orders and shipments rose. The Federal Reserve Bank of New York said Wednesday that its Empire State manufacturing index rose to 6 in June, after ...

Tagged with: New York economy

NEW YORK  — Wall Street is drowning in oil. Stocks are having their worst start to a year in history in part because of a rapid plunge in the price of oil. The price of crude is down 28 percent ...

WASHINGTON — Federal Reserve Chair Janet Yellen is stressing the need to review the unconventional monetary policies that central banks around the world deployed in response to the 2008 global financial crisis. She said Thursday that the post-crisis period offers ...

Tagged with: Federal Reserve

ALBANY — A survey of New York school districts has found that Gov. Andrew Cuomo’s proposal to raise the minimum wage to $15 will increase labor costs for public schools by millions of dollars. The New York State Association of ...

Tagged with: minimum wage schools survey

WASHINGTON — The Federal Reserve is keeping its key short-term interest rate at a record low in the face of threats from a weak global economy and excessively low inflation. But it suggested the possibility of a rate hike in ...

Tagged with: Federal Reserve

The city of Rochester is hosting a charrette to get ideas from citizens and stakeholders for the future of the El Camino Revitalization Area. The event will be from 8:30 a.m. to 4 p.m. Saturday, Nov. 7 at Roberto Clemente ...

The first official retail tenant for Tower280 at Midtown will be Branca Italian Restaurant, opening its second location on the northwestern corner of the tower, occupying approximately 4,500 square feet. The announcement was made Monday by developers Buckingham Properties and ...

ALBANY — The State University of New York has hired a Manhattan law firm for up to $1.5 million but so far state officials and the firm aren’t talking about it, or whether it’s related to a federal investigation of ...

Tagged with: Economic Development