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Banking & Finance

First Niagara net income surges

First Niagara Financial Group Inc. on Monday reported its first-quarter net income climbed more than 50 percent. 

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Money Managers

To be eligible for the list, firms must have at least one office in Monroe County and may manage their clients' accounts with full discretion; ranked by total assets managed locally as of Dec. 31, 2009.

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Tompkins posts record Q1

Tompkins Financial Corp. on Wednesday reported its best first quarter on record, company officials said.

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Bank of America tops Street expectations

Bank of America Corp. on Friday reported its first-quarter net income sank 24 percent but the bank still topped Street expectations.

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Q4: James Rahmlow, partner, Mengel, Metzger, Barr & Co. LLP

  Q: A U.S. District Court, in the case of U.S. v. Quality Stores Inc., ruled severance payments do not constitute wages for payroll tax purposes. How did this case come about, and is it a break with past rulings ...

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U.S. government agencies can help

Firms seeking to market goods and services overseas can access significant resources through the federal government. These resources include financing and expertise in many areas. The U.S. Small Business Administration Export Express offers technical and marketing expertise and financial resources. ...

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Syracuse branches converted to Summit FCU

The conversion of Syracuse Federal Credit Union branches to Summit Federal Credit Union was scheduled to be completed Thursday, officials announced.

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ESL completes move, to open city branch

ESL Federal Credit Union’s downtown branch at its new headquarters on Chestnut Street will open next Monday, company officials announced Monday.

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Council sues to stop N.Y. from imposing IDA tax

The New York State Economic Development Council sued the state this week to block it from collecting $5 million in taxes on industrial development agencies. Acting on behalf of some 35 IDAs statewide, the council was expected to file a ...

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Rochester area weathered recession better than most

New payroll employment estimates dating back to April 2008 were released by the state Department of Labor this month. The annual "benchmark" revisions incorporate more comprehensive information from state unemployment insurance tax records, producing employment figures significantly more accurate than ...

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Geneva bank to buy parent firm’s shares

USNY Bank Inc. and its Ontario County subsidiary, the Bank of the Finger Lakes, plan to be independent and locally owned by the end of the year. The Geneva bank, which opened in July 2007, has announced its intention to ...

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