Rene Jones ridiculed by local activists for skipping NAFTA negotiations in Montreal

M&T Bank’s new CEO Rene Jones has just recently taken the helm — a top 20 American bank by market capitalization and Western New York’s largest employer — but local activists are already ridiculing the CEO for a perceived leadership void. Jones is not attending NAFTA renegotiations in Montreal next week, at a time when political activists across the Rust Belt are demanding that the … Continue reading Rene Jones ridiculed by local activists for skipping NAFTA negotiations in Montreal

All eyes are on M&T Bank’s new CEO Rene Jones

The late M&T Bank CEO Robert Wilmers was as close as one could come to reigning over Western New York as its titular monarch.  The installation of Rene Jones as Wilmers’ successor at the Bank is of no small consequence to Western New York.  The region is on edge, yearning for leadership and wistfully thirsting for economic revival. The Bank’s leadership makes no secret of … Continue reading All eyes are on M&T Bank’s new CEO Rene Jones

Golisano is ‘open’ to M&T Bank merger with Paychex

Billionaire B. Thomas Golisano, the founder and chairman of Paychex, the Rochester area firm valued at more than $25 billion, is open to merger talks with Buffalo based M&T Bank, whose market capitalization stands around $28 billion, a source familiar with his thinking tells The Chronicle.  Golisano is said to be excited about the concept because each firm’s business lines compliment the other, serving the same … Continue reading Golisano is ‘open’ to M&T Bank merger with Paychex

Hertel Avenue business owners are still sour over Mayor Brown’s parking policies

In recent years Mayor Byron Brown‘s administration, under the direction of Parking Commissioner Kevin Helfer, has seen parking fines as a source of revenue growth. The administration has increased parking fines and expanded parking fee hours for on street parking along Hertel Avenue, before quickly reversing that plan after the Hertel Avenue Business Association expressed outrage. At the time City Comptroller Mark Schroeder said that he would reverse the new parking taxes … Continue reading Hertel Avenue business owners are still sour over Mayor Brown’s parking policies

Delaware North western meltdown makes for shocking comparisons with Niagara Falls State Park

BY JAMES HUGNAGEL As part of an ongoing effort to acquaint our readers with some of the more unsavory aspects of the business and personal dealings of Buffalo billionaire Jeremy Jacobs and his family-held multinational corporation Delaware North, which has the exclusive rights to operate food and beverage concessions in Niagara Falls State Park, we wrote three weeks ago about the disruptive turmoil that Jacobs … Continue reading Delaware North western meltdown makes for shocking comparisons with Niagara Falls State Park

National Fuel to reduce rates in PA, increase rates in NY

BY JAMES HUFNAGEL National Fuel supplies natural gas to over 730,000 residential and corporate customers throughout Western New York and northwestern Pennsylvania. The Williamsville, NY-based oil and gas concern is vertically integrated across five business divisions: Exploration & Production, Pipeline & Storage, Gathering, Utility, and Energy Marketing, all operating largely within the Buffalo metropolitan area. National Fuel filed a request late last week with the … Continue reading National Fuel to reduce rates in PA, increase rates in NY

Obama and Trudeau should open the Canadian border

It would require the elimination of customs tariffs, border crossing fees, and travel restrictions between the federal governments of the United States and Canada — but the concept of an open northern border is more politically plausible in the current landscape than in decades. President Barak Obama and Prime Minister Justin Trudeau have aligned political interests. Obama is looking to cap a foreign policy legacy … Continue reading Obama and Trudeau should open the Canadian border