Business and economic news

There’s good news for Western New Yorkers traveling south – the self-proclaimed “Home of the Original Chicken Wing” is taking its brand to new places.

An agreement between electric car maker Tesla and its battery maker Panasonic to begin making photovoltaic cells and modules at SolarCity in Buffalo is being hailed a good news for Western New York's economy.

Tesla and Panasonic have entered into a non-binding letter of intent under which they will begin collaborating on the manufacturing and production of photovoltaic cells and modules in Buffalo.


The Verizon call center in Henrietta, south of Rochester, will close early next year - taking 600 jobs with it out of the area. The move comes less than six months after a bitter six-week strike was settled with the promise of new jobs.

Chris Caya WBFO News

Downtown Buffalo should continue smelling like Cheerios for years down the road.

A restraining order has been granted against home improvement contractor Phillip Fox, owner of Affordable Concrete of Elma. The order was requested by the New York State Attorney General's office, which says Fox has scammed dozens of consumers in Western New York.

File photo

Buffalo's tallest building has a new owner today, with Washington-based Douglas Development closing a deal to spend just over $12 million for the vacant 38-story One Seneca Tower.

Rochester-based Carestream is getting a multi-million-dollar contract from the federal government to supply picture archiving and communications system products to the four U.S. military branches. It is a vote of confidence and an extension of the services Carestream has provided for the past five years.

In West, Feds control land — and lots of jobs

Sep 26, 2016
Mitchell Hartman

A federal trial is underway in Portland, Ore., of people  charged in connection with the armed occupation of the Malheur Wildlife Refuge in rural  Oregon. Ammon and Ryan Bundy—sons of anti-government Nevada rancher Cliven Bundy—are among those charged with conspiracy and firearms violations for the takeover of the remote federal refuge near Burns, in Harney County,  in early 2016.

Kai Ryssdal

Look, I'm never gonna be mistaken for anybody's musical taste-maker, but this isn't so bad, right?

Keeping traditional morning news alive, without the TV

Sep 26, 2016
Kai Ryssdal and Daisy Palacios

Not that The New York Times is the be-all and end-all of the news business, but it's got a certain cachet. So when it invests in a company that was built – at least in the beginning – on a conversational, but very newsy morning email aimed at millennial women, people pay attention.

Prostate cancer treatments in question

Sep 26, 2016
D Gorenstein

New findings show that after 10 years, the survival rate for low-risk prostate cancer is an identical 99 percent no matter what a patient does: surgery, radiation or nothing.

It’s pretty rare for research to show so starkly that doctors should do fewer procedures, and as a therefore decrease costs to the overall healthcare system. An interesting question is whether this research will convince patients like Marc Biagini and his doctors of this: less can be more.

About a month ago Biagini picked up the phone.

Snapchat...but for your face

Sep 26, 2016
Kai Ryssdal

Snapchat has changed its name to Snap Inc. The company also announced its first wearable, called "Spectacles." Like the name says, its a pair of glasses that record video. Senior tech correspondent Molly Wood explains why wearable video capture is as obvious as the nose on your face. 

The company needs to grow:

"There's only so long that Snapchat alone, the sort of fun messaging company, can sustain you, so they're doing this very interesting and I would argue, related, growth strategy into capture, into cameras."

Tony Wagner

Texas Sen. Ted Cruz endorsed his bitter primary rival and Republican presidential nominee Donald Trump just last week, but he's made thousands renting out his supporters' email addresses to Trump for months.

Debate 1: Clinton, Trump and "achieving prosperity"

Sep 26, 2016

Hillary Clinton and Donald Trump are head to head for this, their first presidential debate, on Monday, Sept 26, 2016. The Marketplace team weighs in throughout the night.

Lane Wallace

Rolling Stone Magazine is selling a 49 percent stake to BandLab, a music startup in Singapore.

That comes as print ad sales are down for the magazine, and it continues pushing its digital presence. The magazine, which built its reputation decades ago on its counterculture appeal and gonzo reporting style, has maintained some heavy-hitting reporting and a focus on the music industry even as it’s become significantly more mainstream.

Oculus Rift founder apologizes for funding pro-Trump group

Sep 26, 2016

On today's show, we'll talk about Rolling Stone's decision to sell 49 percent of its stake to a music startup based in Singapore; why the U.S. Department of Education will no longer recognize the largest accreditor of for-profit colleges; and an apology from Palmer Luckey, the CEO of Oculus Rift, for funding a group that supports Trump.

David Brancaccio

Of the 23 winners of the MacArthur 'genius' grants announced last Friday, one recipient was honored for financial innovation. Jose Quinoñez, founder and CEO of the San Francisco-based Mission Asset Fund, works with low-income people who often do not have bank accounts or much data in their credit files.

D Gorenstein

Hillary Clinton and Donald Trump square off in the first presidential debate Monday, and predictions are that over 100 million viewers will tune in. That would rank the event among the most-watched programs in TV history, and the broadcast and cable networks airing the debate hope to cash in.

The debate itself is ad-free, but broadcasters and cable networks will still cash in. Thirty-second spots before and after the debate are going for $200,000 to $250,000 on the national networks.

ITT Tech, Corinthian accreditor loses authority

Sep 26, 2016
Kim Adams

The U.S. Department of Education has stopped recognizing the largest accreditor of for-profit colleges, citing numerous regulatory violations. The Accrediting Council for Independent Colleges and Schools had given its stamp of approval to now-discredited schools such as ITT Tech and Corinthian College, among others.

On today's show, we'll talk about how the media plan to cash in on the first 2016 presidential debate, which is expected to attract up to 100 million viewers; look at reports that show German Chancellor Angela Merkel has ruled out a government bailout for Deutsche Bank; and interview Jose Quinonez, a winner of a MacArthur "Genius Grant" for financial innovation. 

Marketplace Tech for Monday, September 26, 2016

Sep 26, 2016

On today's show, we'll talk about the first 2016 presidential debate and news that questions gathered from Facebook will be allowed at the event; reports that Apple might be working on a smart-home device similar to Amazon Echo; and the possibility that BlackBerry might be getting out of the phone business. 

Kai Ryssdal

Don't listen to Molly Wood. This pumpkin spice thing is getting out of hand.

Trump's trade adviser on globalization and NAFTA

Sep 23, 2016
Kai Ryssdal

The presidential debates start next week, and voters have become more and more interested in each candidate’s plans for their potential terms in the White House.

One of republican nominee Donald Trump’s economic advisers is Daniel DiMicco, he is a retired chairman and CEO of Nucor Corporation and senior trade adviser for the Donald Trump Campaign. DiMicco spoke to Marketplace host Kai Ryssdal about Trump’s economic policies, NAFTA, and what he plans to do if he takes office. Here are some interview highlights:


Alton Brown takes the Marketplace Quiz

Sep 23, 2016
Raghu Manavalan

No matter who you are, you've probably had a rough day at the office that changed your perspective, or maybe you made an impulse purchase you really, really wish you could take back. This week, Alton Brown, author of "EveryDayCook" and self-described "poly-culinary hypenate," took our money-inspired personality questionnaire. 

Fill in the blank, money can't buy you happiness but it can buy you _______.

Facebook miscalculated video numbers for two years

Sep 23, 2016
Reema Khrais

In this advertisement from the Tex Mex restaurant Chuy's, the average view for the video was 100 percent. That means everyone who saw the ad supposedly watched it from start to end. 

"I don't think it's mathematically possible," said Kristen Sussman, founder and president of social media agency, Social Distillery. 

But after Facebook apologized Friday for miscalculating an important video metric for two years, the inflated numbers make more sense, Sussman said.

Doctor morale continues to be low, which may limit patients' access to care, according to a study released this month.

The study was conducted by The Physicians Foundation, a not-for-profit interested in knowing how the Affordable Care Act affects doctors. The organization surveyed more than 17,000 physicians. The numbers seemed pretty dire for the profession:

Rich Kellman

You've probably heard the old adage that if something looks too good to be true, it probably is. That was the case in a business deal that led to a bubble that hurt thousands of families, including some here in Western New York. It was a deal that involved, of all things, alpacas.

Delaware North welcomes Westin to downtown landscape

Sep 22, 2016
courtesy Delaware North Companies

The building that has been home to Delaware North Companies since last fall has welcomed an upscale hotel into the 12-story structure. A formal ribbon cutting ceremony was held inside the new Westin Buffalo at Delaware and Chippewa Thursday.

An Italian cheese producer, founded 124 years ago, is opening its first plant on U.S. soil in Chautauqua County, saving an existing workforce and a critical source of business for dozens of local dairy providers.