Local News - The Albany Business Review

Dow Jones rallies more than 930 points

Mon Oct 13 4:45pm EDT

Wall Street rallied Monday after the Treasury Department detailed some of its plans for infusing cash into struggling U.S. financial institutions and the Federal Reserve led a worldwide effort to increase the flow of dollars in worldwide banking systems.

  • Women Who Mean Business - Sister Maureen Joyce Mon Oct 13 4:45pm EDT

    Sister Maureen Joyce never moved far from her roots, but her benevolence gets around.

  • Waste Management drops bid for Republic Mon Oct 13 4:15pm EDT

    Houston-based Waste Management on Monday withdrew its $6.7 billion bid to take over trash hauler Republic Services, according to news agency reports, pointing to the current state of the financial markets. (RSG)

  • Law cracks down on attorneys Mon Oct 13 3:30pm EDT

    Gov. David Paterson signed legislation into laws that crack down on attorneys in the state pension system.

  • Columbia Memorial moves forward with $2.6M project Mon Oct 13 3:15pm EDT

    Columbia Memorial Hospital will move forward with plans for a $2.6 million primary care center in Greene County, despite being denied state funding for the project.

  • Lights out at several Albany clubs Mon Oct 13 3:15pm EDT

    The 3,000 square feet of space that briefly housed Tryst Ultra Lounge in downtown Albany is available for lease.

  • AMD’s Grose to head The Foundry Co. Mon Oct 13 3:15pm EDT

    The person hired to head the new Advanced Micro Devices-back computer chip manufacturing company is a familiar face in Albany, N.Y. (AMD)

  • Fed OKs Wells’ purchase of Wachovia Mon Oct 13 11:17am EDT

    The Federal Reserve Board on Sunday approved Wells Fargo & Co.’s proposed $12 billion buyout of Wachovia Corp. (WB) (WFC)

  • Record ridership for Amtrak Mon Oct 13 8:15am EDT

    Amtrak reported record ridership for the sixth year in a row, as higher gasoline and airfare prices fill its rail cars.

  • Survey: Nobody wants to be the boss Sun Oct 12 10:15am EDT

    Perhaps not surprisingly during these tough economic times, most workers do not covet the top job at work, according to a new survey from OfficeTeam, a division of Robert Half International.

  • U.S. consumer confidence plummets Sun Oct 12 8:15am EDT

    A consumer confidence index dropped 32 points in October -- its largest single-month drop since the Consumer Attitudes and Spending by Household Index began in 2002.

  • No shareholder vote on preferred stock for Wells Sat Oct 11 10:15am EDT

    Wachovia Corp.’s board will bypass normally required shareholder approval for an early step in its deal with Wells Fargo & Co. (WB) (WFC) (C)

  • Report: 87% fewer IPOs filed in the third quarter Sat Oct 11 8:15am EDT

    Only five U.S. companies filed initial public offerings in the third quarter, an 87 percent drop from the third quarter of 2007, according to Hoovers Inc. (ERII) (RAX)

  • AMD provides more details on plant Fri Oct 10 4:15pm EDT

    When the new $4.6 billion chip plant is up and running, it will have a payroll of $88 million a year and contribute about $200 million to the local economy, an Advanced Micro Devices Inc. official said today. (AMD)

  • Wells Fargo gets quick regulatory OK to buy Wachovia Fri Oct 10 3:47pm EDT

    Wells Fargo & Co. has received rapid approval from federal antitrust regulators for its $15 billion purchase of Wachovia Corp. (WFC) (C) (WB)

  • NY’s consumer confidence down Fri Oct 10 3:16pm EDT

    New Yorkers continue to feel less confident than the nation as a whole, based on the latest phone survey by the Siena Research Institute.

  • BBL wins award Fri Oct 10 3:16pm EDT

    BBL Construction Services, LLC of Albany, N.Y., was among the winners of the Build New York Awards sponsored by the General Building Contractors of New York State.

  • Intel raises concerns about AMD deal Fri Oct 10 3:15pm EDT

    Intel Corp. has raised concerns about Advanced Micro Devices Inc.’s plans to spin off its manufacturing operation and create a foundry with partners. (AMD) (AMD)

  • Siena, Saratoga Hospital form new institute Fri Oct 10 2:30pm EDT

    Siena College and Saratoga Hospital are joining together to create the Healthcare Leadership Institute.

  • Grandma’s sold for $1.6M Fri Oct 10 12:00pm EDT

    Grandma’s Country Restaurant and Pie Shoppe and gift shop in Colonie, N.Y., sold for $1.6 million, the listing agent said.