Please ensure Javascript is enabled for purposes of website accessibility
Home / News / Economy (page 30)

Economy

Kodak borrows $160M, stock plunges

Shares of Eastman Kodak Co. lost one-quarter of their value Monday morning after the 131-year-old photography pioneer, scrambling to redefine itself in a cutthroat digital arena, drew down $160 million from its revolving credit line.

Read More »

SBA sees record number of loans in fiscal 2011

As the Small Business Administration’s fiscal year draws to a close, representatives from the SBA’s federal office in Washington, D.C. and the regional office in Buffalo say they’ve issued a record number of loans in 2011 — despite the re-implementation of SBA guarantee fees charged to borrowers.

Read More »

Rochester continues to show job growth

Nearly half the jobs gained in upstate New York in August were in the Rochester Metropolitan area. In fact, the region has one of the lowest unemployment rates at 7.1 percent, compared to 7.4 percent in July and 7.7 percent in August 2010 ...

Read More »

Itemized deduction limitations continue

In the good old days, circa 2008, wealthy taxpayers could donate as much money as they wanted to charitable organizations and list it as an itemized deduction. Gradually, however, New York has limited the allowable itemized deduction ...

Read More »

US says 68,000 more New Yorkers below poverty line

NEW YORK — An additional 68,000 New Yorkers have fallen below the poverty line, and the leader of one lifeline for the poor says there isn't much hope on the horizon. Census Bureau figures released Tuesday show 3.08 million people in the state ...

Read More »

Survey finds uptick in IT hiring in U.S.

A new survey of chief information officers nationwide found that more companies are expecting to expand their information technology departments in the fourth quarter than cut them. The survey, conducted by Menlo Park, Calif.-based Robert Half Technology

Read More »

Service firms grew at slightly faster pace

WASHINGTON — Service firms that employ 90 percent of the U.S. work force expanded at a slightly faster pace in August. But the sector remains too weak to help an economy that is barely growing and struggling to create jobs.

Read More »