Business/Economy

The WBFO Business & Economy News Desk is funded by The M&T Charitable Foundation.

Pay gap for women even wider when race factored in

Aug 8, 2018
Equal Pay for All

Each year, Aug. 7 is observed as Black Women’s Equal Pay Day. It is the date in 2018 when a black woman catches up to what the average white, non-Hispanic man already earned by the end of 2017. In general, women make $0.80 to every $1 a man makes, but when analyzing race as well as gender, the gaps widen.

Tesla Motors started selling its stock to the public in 2010 — the first initial public offering of a U.S. automaker in more than a half-century. On Tuesday, Tesla CEO Elon Musk said he's considering a reversal — taking the electric car company private.

As he often does, the outspoken entrepreneur took to Twitter to deliver the news. "Am considering taking Tesla private at $420. Funding secured," Musk tweeted in early afternoon.

The 500-plus "I Love NY" highway signs at the center of a spat between Gov. Andrew Cuomo and federal transportation officials are going nowhere fast.

Charter Communications, the corporate name for Spectrum cable and internet services, released a statement on Thursday related to its advertising, in the wake of a heated dispute with the New York State Public Service Commission.

Mark Scott / WBFO News

It's the law of unintended consequences: the rising price of gasoline means sales tax collections are up across New York State - and quite noticeably in Erie County.

Two companies who denied an accomodation to an employee with a kidney problem are being sued by the Equal Employment Opportunity Commission.

"The Economic Impact of Tourism in New York" / Tourism Economics

New York State has released its Tourism Economics research study for 2017, which provides analyses on the economic impact of tourism across the state, and the numbers are positive once again.

KeyBank Center

Buffalo's budget needs led to a tax on tickets sold for most of the city's entertainment venues. However, the tax is in the city budget, but has yet to take effect.

Canada Dry sued over lack of ginger in its ginger ale

Jul 31, 2018
Canada Dry

A Western New York woman has filed suit against Canada Dry over what she said is false advertising for the company’s ginger ales.

Fisher-Price

Fifty employees of the Fisher-Price company in East Aurora have been laid off, as part of a nationwide cutback of personnel by parent company Mattel.

Mike Desmond / WBFO News

If you look at local job ads, there are usually pages of open jobs but an acute shortage of people with needed skills. The Northland Workforce Training Center is ramping up its recruitment for skills training.

Eileen Buckley / WBFO News

A liquor store proposed for the old location Gigi's restaurant on Buffalo's East Side will have to find a new place to open, after neighborhood opposition killed the project.

File Photo / WBFO News

Here's what we know: The New York State Department of Environmental Conservation wants Tonawanda Coke to shut down because of persistent air pollution problems. What we don't know is if the plant will shut down Aug. 4 or if an appeal will keep it open.

Unions have been sounding the alarm since the June 27 U.S. Supreme Court Janus ruling that public employees can stop paying union dues while retaining many of the benefits from collective bargaining. An anti-union group is sounding its own alarm among New York's public employees.

National Public Radio

An automotive study says U.S. tariffs on imported vehicles and auto parts would cause the price of new vehicles to soar, wipe out tens of thousands of American jobs and take a big chunk out of the country's gross domestic product.

CSEA New York

Members of Civil Service Employees Association Region 6 are mourning the death of their president, Florence "Flo" Tripi. She died Wednesday morning at age 79.

National Public Radio

Area unions are pushing back against the U.S. Supreme Court's Janus v. AFSCME decision, which allows public employees to gain pay and benefits under union contracts without paying union dues. Union leaders made clear during a news conference Monday they expect a future push to do the same to private sector unions.

The Wendt Corporation

After a nearly four-month study of safety records, worker interviews, a facility walk-through and a review of industry best practices, the Western New York Council on Safety and Heath has released a report critical of the Wendt Corporation in Cheektowaga.

WBFO News file photo

Panasonic has hired nearly 400-people to work at Tesla's Solar City Riverbend in south Buffalo. Tesla has been cutting back its workforce nationwide in the electric car industry. But last month a career fair was held to hire more Buffalo residents at Solar City. WBFO News asked Mayor Byron Brown if he has confidence in the future of Tesla in the city.  

The Park Lane restaurant is long gone, but its former location on Gates Circle is in line for new life. According to Jim Fink of Business First, Uniland Development plans to build townhouses at the site. The homes are expected to cost over $1 million.


A new nationwide index of small business job growth and wages is showing the pace of those numbers slowing.

Michael Mroziak, WBFO

The next phase of construction of Explore & More Children's Museum's future home will start later this summer. As the exterior of the multi-story building comes together, the organization has chosen the contractor who will be responsible for assembling the interior.


WBFO file photo

Fueled by $279 million from the federal relicensing settlement with the New York Power Authority, growth has been evident throughout the 10 years Canalside has been in existence. While the money was vital, Congressman Brian Higgins also gives credit to the "spirit of cooperation" that has made Buffalo's waterfront into a regional destination.


AllenStreetExtension.com

Some time this fall construction workers will start turning Allen Street between Delaware and Main into a deep trench, beginning a multi-million dollar project to transform the street with new pavement, new underground utilities and a new parking configuration.


WBFO Photo

  Because of a change in New York State law, once outlawed "sparkling devices" are for sale this year across the state, and some sellers have already begun to offer them at pop up storefronts and tents across the region, in advance of the Independence Day holiday.

 In late 2017, New York legalized the sale of sparkers state-wide, however, if individual counties do not want this business, they can “opt out” of this sales.

Eileen Koteras Elibol

Some 150 classic vehicles will head to the starting line for the Great Race Saturday morning at the Buffalo Transportation Pierce-Arrow Museum. Though the event made its way through Buffalo in 2012, the race start brings with it more prestige--and more dollars. Local tourism officials estimate the economic benefit to be at least $1.2 million.


Buffalo Office of Strategic Planning

Buffalo is coming closer to completing development rules for the city's waterways.  While waterfront development often focuses on the shorelines of Lake Erie, the new rules would also take into account properties near Scajaquada Creek.


TopsMarkets.com

Tops Markets took another step toward getting out of bankruptcy yesterday.  Teamsters working in the warehouse supplying the company's markets agreed to take major hits in wages, benefits and pensions.

WBFO file photo

One-year pilot agreements with two ride-hailing services, allowing them to offer rides to and from the Buffalo Niagara International Airport, are set to expire next week. Talks are underway to extend the opportunity for passengers to hail cars provided by Uber or Lyft.


Thomas O'Neil-White

On Buffalo’s East Side, a new job training center is taking shape. Officials and residents hope it will address the community's high unemployment rate, while boosting development in that area – and across the city.

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