Business and economic news

The co-owner of Bak USA is praising the City of Buffalo, the University at Buffalo and the state's Start-Up NY program for fueling his company's "unbelievably fast" growth in such a short time. J.P. and Ulla Bak started the mobile computer manufacturing facility in March 2014 and is already planning to triple its floor space and add another 125 jobs over the next year.

courtesy Buffalo Bills

Nearly a century after opening for business, New Era Cap took a giant leap this week by entering a seven-year stadium naming rights agreement with the Buffalo Bills, who now call their home stadium New Era Field. For the hat and accessory maker, it's a chance to further expand their globally-recognized brand while reaffirming its place as a prominent Buffalo company.

It's official: Bills call their home New Era Field

Aug 18, 2016
Michael Mroziak, WBFO

The Buffalo Bills and New Era Cap made it official Thursday. The Orchard Park-based stadium in which the pro football team plays is known as New Era Field for at least the next seven years.

Another audit faults NY's economic development programs

Aug 17, 2016

A spokesman for New York's economic development agency says federal auditors who faulted the state's oversight of $22 million in tourism promotions funding are off-base.

WBFO file photo

Rain has finally arrived in many parts of Western New York, in what's otherwise been an abnormally dry summer. A spokeswoman for Niagara Wine Trail, USA says wine drinkers need not panic: this summer's drought will not devastate the crop.

WBFO File Photo

A Washington, D.C. development company has signed a contract to purchase Buffalo's tallest building.

Michael Mroziak, WBFO

A fourth vessel has been added to a fleet of boats that serve visitors to Buffalo's Inner Harbor. Dignitaries joined members of the Hilliman family Friday morning to christen the Harbor Queen.

WBFO News File Photo

Gov. Andrew Cuomo had harsh words for the state’s comptroller, a fellow Democrat, over questions about the value of the state’s economic development programs.  

GEICO to expand local operations, creating 600 jobs

Aug 9, 2016
Michael Mroziak, WBFO

GEICO, which employs about 2,700 people at CrossPoint Business Park in Getzville, will add 600 more jobs. Governor Andrew Cuomo and GEICO president and CEO Tony Nicely were among those on hand Tuesday to celebrate the insurance provider's plans to expand.

WBFO File Photo / WBFO News

Senator Charles Schumer says the drought in Upstate New York could  be a disaster for farmers in the fall.

WBFO News file photo

Governor Cuomo says those lawmakers who say New York State did not play a part in Buffalo's economic turnaround should "go home" and "get in touch with reality."

Tesla's $2.6 billion offer to buy SolarCity is more about Tesla than it is about the struggling SolarCity. That's according to Harold Star, a business professor at the University at Buffalo.

Just over a month ago, Tesla made a proposal to purchase SolarCity and now it's official.

Kai Ryssdal

The car insurance industry has a huge blindspot

Aug 1, 2016
Kai Ryssdal

ExxonMobil's profits fall further

Jul 29, 2016
JaeRan Kim
Raghu Manavalan
Eliza Mills

Marketplace Weekend for Friday, July 29, 2016

Jul 29, 2016

Welcome to the war of inflatable pool toys

Jul 29, 2016
Kai Ryssdal

Conventions are go-time for lobbyists and advocates

Jul 28, 2016
D Gorenstein

Boeing may retire the 747

Jul 28, 2016
Ashley Milne-Tyte

Marketplace for Thursday, July 28, 2016

Jul 28, 2016
Mark Garrison

Hollywood updates its image of women on Wall Street

Jul 28, 2016
Mark Garrison

How new CFPB proposals may affect the way debt collectors contact you

Jul 28, 2016
Tony Wagner and Sarah Menendez

An evening of seersucker and 'malarkey'

Jul 28, 2016
Kim Adams, Nancy Marshall-Genzer, Andrea Seabrook, Gina Delvac and Bridget Bodnar

Fed holds rates steady amid political uncertainty

Jul 27, 2016
Mitchell Hartman

Twitter shares take a tumble

Jul 27, 2016

Finding his voice, one Disney character at a time

Jul 27, 2016
Kai Ryssdal