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Stories by Grove Potter

By Grove Potter » Sunday, January 31, 2016

No one can say Buffalo doesn’t know how to seize the moment. In the four years since we first heard the term “Buffalo Billion,” the region has been on a development tear. The gigantic, publicly funded SolarCity factory going up on South Park Avenue in South Buffalo, the mushrooming Buffalo Niagara Medical Campus and... Read More

By Grove Potter » Friday, January 29, 2016

Two billionaires - each with strong connections to Buffalo - are on opposite sides of a decision by Nevada utility regulators to raise the costs for people who install solar energy systems on their homes. Elon Musk is chairman of SolarCity, the company that will occupy a 1-million-square-foot solar panel factory being... Read More

By Grove Potter » Tuesday, January 6, 2015

Wall Street enjoyed a strong year in 2014, with the broad Standard & Poor’s 500 index rising 11.5 percent. The Dow Jones Industrial Average gained 7 percent, and the NASDAQ composite rose 13 percent. It marked the sixth straight year of increases on the U.S. stock market. Click here to see a complete year-end list... Read More

By Grove Potter » Friday, August 1, 2014

First Niagara Financial Group this week announced James K. Ciroli was leaving the bank effective Friday as its principal accounting officer for a job with an undisclosed employer. Now we know where the 49-year-old Ciroli is headed: Michigan-based Flagstar Bancorp, where he was named executive vice president, chief... Read More

By Grove Potter » Tuesday, July 1, 2014

The General Motors Components Holdings plant in Lockport and the University at Buffalo are keeping up a tradition this summer. Four undergraduates from UB's School of Engineering and Applied Sciences are working as interns for 11 weeks at the thermal products manufacturing plant on Upper Mountain Road. This is the... Read More

By Grove Potter » Tuesday, July 1, 2014

Cameron International Corp.'s search for a buyer for its centrifugal compression division, which includes a plant in Cheektowaga, continues. Houston-based Cameron has said it intends to sell the division by the end of the year. Its Cheektowaga plant is on Broadway. Cameron has not publicly identified any potential... Read More

By Grove Potter » Wednesday, February 19, 2014

Cuba has (again) stopped providing consular services in Washington, D.C., and at its mission to the United Nations, saying it was unable to find a substitute for Buffalo-based M&T Bank, which is closing the Cubans' accounts as of March 1. Noel C. Clay, a State Department spokesman, answered some questions The... Read More

By Grove Potter » Friday, January 17, 2014

There’s some intrigue involving M&T Bank Corp. and its banking relationship with diplomatic missions in the United States, including Cuba’s. And the issue could resurface a month from now. To review, the Cuban Interests Section in Washington, D.C. on Nov. 26 said it was suspending consular services in the United... Read More

By Grove Potter » Tuesday, December 10, 2013

When someone loses a job, personal financial pressures -- like keeping up with the mortgage -- can intensify. So imagine if the bank, instead of getting on you about your mortgage payment, offered to help you to find a new job. It's an approach M&T Bank Corp. is trying out over the next year, with a limited... Read More

By Grove Potter » Monday, November 18, 2013

HarborCenter has named Dominic Verni general manager of its restaurant and sports bar. Before joining HarborCenter, Verni spent 17 years with the Hard Rock International restaurant, hotel and casino chain, most recently at its Niagara Falls location. The yet-to-be-named establishment at HarborCenter will consist of... Read More

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