Albany Times Union (Albany, NY) articles from August 2000

Albany Times Union (Albany, NY) archives from August 2000

Long Island Mortgage Firm's Bankruptcy Leave Home Owners in Big Mess.
August 31, 2000... Byline: Kenneth Aaron Aug. 31--COEYMANS, N.Y.--While a Long Island mortgage banker tries to dig out of a $143 million hole, Ken Rice has a $90,000 problem to worry about: his home. The collapse of Island Mortgage Network has stripped...

School Taxes on Albany, N.Y., Commercial Property to Increase 12.5 Percent.
August 31, 2000... Byline: Rick Karlin Aug. 31--School taxes on commercial property will increase 12.5 percent, while homeowners will see a 1.1 percent decrease, in the bills set to be mailed out citywide next month. The commercial tax rates are rising...

Albany, N.Y., Software Developer Gets New Investment Infusion.
August 31, 2000... Byline: Danielle T. Furfaro Aug. 31--Software developer CommerceHub has received its second round of venture capital in two years, this time from a national media and e-commerce corporation. The company announced Wednesday that it...

Ammonia Gas Leaks from Idled Rail Car in Fort Edward, N.Y.
August 31, 2000... Byline: Mike Hurewitz Aug. 31--FORT EDWARD, N.Y.--A toxic plume of anhydrous ammonia spewed from a tanker car idled at a railroad side track, forcing the evacuation of up to two-thirds of the village of Fort Edward during the early...

Trump Hotel, Casino Firm Admits Backing Anti-Casino Group in New York.
August 30, 2000... Byline: James M. Odato Aug. 30--ALBANY, N.Y.--After a two-month investigation by the state lobbying commission, Trump Hotel & Casino Resorts and one of its key lobbyists admitted Tuesday to colluding with a Rome "issues advocacy group"...

Bethlehem, N.Y., Development Agency Seeks Albany County, N.Y., Tech Park Site.
August 30, 2000... Byline: Danielle T. Furfaro Aug. 30--BETHLEHEM, N.Y.--Hoping to find site for businesses, agency will assess undeveloped land along river Prompted by the desire to locate a technology park in Albany County, the Bethlehem Industrial...

New York Health Care Network Names New Chief Operating Officer.
August 30, 2000... Byline: Kenneth Aaron Aug. 30--TROY, N.Y.--Northeast Health has named Dr. James K. Reed as its new chief operating officer. While Reed is one of three top-ranking executives at Northeast Health being groomed to succeed current...

Worker's Job Market Has Albany, N.Y., Area Desperately Seeking Help.
August 29, 2000... Aug. 29--Now's the time to look for a job. Now's not the time to look for a worker. A number of Capital Region companies are desperately seeking bodies, ranging from entry-level workers to those with high-end management expertise....

Music Instrument Retailer Opens Store in Albany, N.Y., Area.
August 29, 2000... Byline: Danielle T. Furfaro Aug. 29--ALBANY, N.Y.--The Capital Region will get its first taste of a big-box music instrument seller when Mars Music Inc. of Fort Lauderdale, Fla., opens at Crossgates Commons this fall. A pet project...

Last Minute Stay Keeps Parcel of Albany, N.Y., Retirement Community from Sale.
August 29, 2000... Byline: Danielle T. Furfaro Aug. 29--Just seconds before a parcel of the Mill Hill Retirement Community was to be auctioned off in the lobby of the Albany County Courthouse on Monday, Guilderland developer Armand Quadrini arrived with a...

Albany, N.Y.-Area Construction Outlook Declines.
August 25, 2000... Byline: Danielle T. Furfaro Aug. 25--For the second month in a row, contracts for future construction in the Capital Region dropped sharply, raising concern in the local building community that the well may be drying up. F.W. Dodge...

Colonie, N.Y., Firm Plans to Double Workers at Schenectady, N.Y., Energy Unit.
August 25, 2000... Byline: Kenneth Aaron Aug. 25--Intermagnetics General Corp. wants to double the number of workers at its SuperPower LLC subsidiary in Schenectady, adding 20 engineers and technicians to its staff of 25. "Expansion of the commitment...

New CEO for Latham, N.Y.-Based Fuel Cell Maker Puts Focus on Market.
August 25, 2000... Byline: Kenneth Aaron Aug. 25--Greg Silvestri, Plug Power Inc.'s newly named top gun, said Thursday that the company's prime focus is moving its fuel cells out of the lab and into the home. "The direction is clear: We talk about the...

Chatham, N.Y., Tech Firm Speeds Up Payments among Builders, Insurers, Banks.
August 25, 2000... Byline: Keri P. Mattox Aug. 25--At the entrance to the corporate headquarters of Sawbucks Inc., large pink letters menacingly spell out "DO NOT CROSS." But visitors soon realize the warning is a child's chalk scribblings and Sawbucks...

Albany, N.Y., Architect Firm Names Three New Partners.
August 24, 2000... Byline: Kenneth Aaron Aug. 24--The architecture firm responsible for Rensselaer Technology Park in North Greenbush, Corporate Woods office park in Colonie and Trans World Entertainment Corp. headquarters in Guilderland has added three...

Bankrupt Troy, N.Y., Restaurant to Be Sold in Auction.
August 24, 2000... Byline: Tim O'Brien Aug. 24--The Castaway, a once-popular riverside eatery shuttered in a bankruptcy, may be a survivor after all. A public auction scheduled today in U.S. Bankruptcy Court in Albany will determine who gets to buy the...

Head of Colonie, N.Y.-Based Fuel Cell Maker Abruptly Resigns.
August 24, 2000... Byline: Kenneth Aaron Aug. 24--Plug Power Inc.'s boss resigned abruptly Wednesday, leaving the high-flying startup after three years at the helm. Reached at his home, Gary Mittleman, the fuel-cell company's former president and chief...

Lake Katrine, N.Y.-Based Home Decorating Retailer Files for Bankruptcy.
August 24, 2000... Aug. 24--Miron Building Products Co. Inc., a home-decorating retailer based in Lake Katrine, Ulster County, has filed for bankruptcy in U.S. Bankruptcy Court, claiming more than a thousand creditors and millions of dollars in liabilities. ...

Schenectady, N.Y., Steel Firm Introduces World's Fastest Nonelectric Train.
August 24, 2000... Byline: Kenneth Aaron Aug. 24--Super Steel Schenectady Inc. rolled out the world's fastest nonelectric train at its factory in Scotia-Glenville Industrial Park on Wednesday afternoon. Fully loaded with passengers, the Turboliner --...

Albany, N.Y., Discount Home-Goods Firm Forms Partnership with Furniture Maker.
August 23, 2000... Byline: Danielle T. Furfaro Aug. 23--Huck Finn's Warehouse and More has established a partnership with a national furniture maker that will bring a higher-end element -- and interior decorating expertise -- to the discount home-goods...

Schenectady, N.Y.-Based Mutual Fund Returns 15.4 Percent in First Months.
August 23, 2000... Byline: Kenneth Aaron Aug. 23--The Capital Region's lone locally headquartered mutual fund is ready for prime time. After about eight months of operation, James W. Denney's Electric City Value Fund has turned a healthy 15.4 percent...

New Albany, N.Y., Venture Capital Firm to Aid Women-Run Businesses.
August 23, 2000... Byline: Danielle T. Furfaro Aug. 23--Robin Prever considers herself an entrepreneur. But when Saratoga Beverage Group Inc. was purchased by a private investment firm in July, her role as chief executive officer began to feel less...

Upstate New York Consultant Takes Nontraditional Approach.
August 22, 2000... Byline: Danielle T. Furfaro Aug. 22--Jim Ullery's home is a vision of the pastoral. The back yard of his historic house and barn overlooks a chicken coop, sloping lawn and, farther out, a wide and wooded valley leading to a navigable...

Members of New York's Watervliet Arsenal Credit Union to Vote on Merger.
August 22, 2000... Byline: Kenneth Aaron Aug. 22--The 6,061 members of Watervliet Arsenal Federal Credit Union will decide Thursday whether to merge with Sunmark Federal Credit Union of Schenectady. John J. Lyons, Watervliet Arsenal FCU's retiring...

Mobil Dealer, Fuel Company Settle Lawsuit.
August 22, 2000... Byline: Danielle T. Furfaro Aug. 22--One day before jury selection was scheduled to begin, a local gasoline dealer has reached a settlement with Exxon-Mobil Corp. Kaveh Govanlu, franchise owner of the Latham Circle Mobil Mart at 477...

Verizon's Former Strikers Tackle Backlog.
August 22, 2000... Byline: Kenneth Aaron Aug. 22--Verizon Communications strikers returned to work Monday in the Capital Region after winning a 12 percent raise over three years, stock options and the job security they said was their most important issue....

Albany, N.Y.-Area Home Builder Wants to Raise $7 Million in IPO.
August 21, 2000... Byline: Kenneth Aaron Aug. 21--Amedore Homes Inc., a Capital Region home builder, wants to raise up to $7 million in a public stock offering. The company, which employs nine, announced plans Thursday to trade on the American Stock...

1,900 Apply for Jobs in First Week of GE's Schenectady, N.Y., Unit Job Drive.
August 21, 2000... Byline: Danielle T. Furfaro Aug. 21--The state Department of Labor received close to 1,900 job applications during the first week of its employment drive for General Electric Co.'s Power Systems unit, nearly reaching the agency's goal...

Albany, N.Y., Sets Out Welcome Mat to World of Opportunity.
August 21, 2000... Byline: Keri P. Mattox Aug. 21--Putting Albany on the map -- the international map, that is -- is a popular goal in the Capital Region these days, but how to globalize seems to be a question of preference. While business and...

Albany, N.Y.-Area Lake Marina to Go on Auction Block.
August 19, 2000... Byline: Danielle T. Furfaro Aug. 19--A national real estate auction company will assist in next month's sale of the Bolton Landing Marina, a prime Lake George property that features the only indoor, quick-launch storage facility on the...

Schenectady, N.Y., Chamber Sets Aggressive Goals for Growth.
August 18, 2000... Byline: Keri P. Mattox Aug. 18--Looking to take a more aggressive approach to business development, the Schenectady County Chamber of Commerce has adopted a strategic plan to guide future actions and shape opinions on critical issues....

Vacation Slows Albany, N.Y.-Area's Soaring Job Totals Only Slightly.
August 18, 2000... Byline: Kenneth Aaron Aug. 18--Summer vacation toned down the number of non-farm jobs in New York state and the Capital Region in July, but monthly totals still remain at record highs. State Department of Labor statistics released...

Albany, N.Y., Judge Rules State Attorney General Can Sue Former Law Firm.
August 18, 2000... Byline: Danielle T. Furfaro Aug. 18--A state Supreme Court justice has ruled that the attorney general's office does have jurisdiction to proceed with a lawsuit charging Andrew F. Capoccia and his former law firm with fraudulent and...

CEO of Albany, N.Y., Fabrics, Paper Company to Step Down.
August 18, 2000... Byline: Kenneth Aaron Aug. 18--Francis L. McKone, chairman and chief executive officer of Albany International Corp., will retire next May after 36 years at the company. McKone, 66, will step down from his post as chief executive...

Shareholders of New York Banks Vote on Proposed Merger.
August 17, 2000... Byline: Kenneth Aaron Aug. 17--For shareholders of Cohoes Bancorp Inc. and Hudson River Bancorp Inc., today is akin to the portion of the wedding when they speak now or forever hold their peace. At separate 3 p.m. meetings, investors...

Shareholders of New York Banks Are Targeted by Hired Guns on Merger Vote.
August 17, 2000... Byline: Kenneth Aaron Aug. 17--While bankers rumble, debating the merits of a proposed merger between Cohoes Bancorp Inc. and Hudson River Bancorp Inc., their hired guns do the one-on-one persuading. A trio of New York City-based...

Guilderland, N.Y., Developer Hopes to Save Unfinished Retirement Community.
August 17, 2000... Byline: Danielle T. Furfaro Aug. 17--After nearly a decade of setbacks and false starts, the Mill Hill Retirement Community remains unoccupied, with construction completed on only one of its four phases. And despite a pending...

Colonie, N.Y.-Based Trucking Firm Losses Continue in Second Quarter.
August 17, 2000... Byline: Danielle T. Furfaro Aug. 17--COLONIE, N.Y.--A year after poor second-quarter results brought the resignation of United Road Services Inc.'s chairman and chief executive officer, the company is still struggling. But it hopes that...

Guilderland, N.Y., Entertainment Firm Buys Denver-Based Secondhand Retailer.
August 16, 2000... Byline: Danielle T. Furfaro Aug. 16--GUILDERLAND, N.Y.--In an effort to bring more secondhand products into its stores, Trans World Entertainment Corp. has purchased a majority interest in a Denver-based used audio and video retailer. ...

Albany, N.Y., Region's HMOs Report Surpluses in Second Quarter.
August 16, 2000... Byline: Kenneth Aaron Aug. 16--Most of the Capital Region's health-maintenance organizations ran surpluses in the second quarter, according to figures filed Tuesday with the state Health Department. The two largest plans in the...

Troy, N.Y., Meat Processor Reopens, Steps Up Sanitizing Efforts.
August 16, 2000... Byline: Danielle T. Furfaro Aug. 16--A week after Levonian Brothers Inc. shut down its production plant and recalled 19,000 pounds of meat, the facility is up and running once again. The River Street meat-processing plant was closed...

Norcross, Ga., E-Business Software Firm Debuts in Public Trading.
August 16, 2000... Byline: Keri P. Mattox Aug. 16--SynQuest Inc. was launched into the public sphere in Nasdaq trading Tuesday, but the e-business software company -- with roots and a main office in the Capital Region -- sailed through the day with no...

Passenger Numbers Are Up 40 Percent from Last Year at Albany, N.Y., Airport.
August 15, 2000... Byline: Keri P. Mattox Aug. 15--COLONIE, N.Y.--Passenger numbers are taking off again at Albany International Airport, with 40 percent more travelers boarding planes in July than during the same month last year. Airport officials...

Atlanta-Based Software Developer Scales Back Initial Offering of Stock.
August 15, 2000... Byline: Keri P. Mattox Aug. 15--Five million shares of SynQuest Inc. were priced at $7 a share after the market closed Monday and should begin trading today. The $35 million initial public offering was scaled back. Fewer shares will...

Hundreds of Job Seekers Heed Recruitment Call of GE's Schenectady, N.Y., Unit.
August 15, 2000... Byline: Danielle T. Furfaro Aug. 15--Both the unemployed and those looking for a career change showed up at the Ramada Inn and Conference Center on Monday for General Electric's first mass recruitment in more than a decade. Monday...

Venture Capital Firms Bypass Albany, N.Y.-Area Businesses, Report Says.
August 15, 2000... Byline: Keri P. Mattox Aug. 15--While venture capital money pumped into upstate companies jumped by almost $14 million during the second quarter, Capital Region businesses were ignored -- eclipsed by firms in Syracuse, Rochester and...

Amtrak Reports Increase in Riders at Rensselaer, N.Y., Station over Past Year.
August 14, 2000... Byline: Keri P. Mattox Aug. 14--In line with traffic increases along its Northeast Corridor lines, Amtrak reported that almost 40,000 more passengers streamed through the Rensselaer Rail Station from July 1999 to June 2000 than did...

Banker Types Agog over Intrigue, Drama in Albany, N.Y., Finance Merger Scene.
August 14, 2000... Byline: Kenneth Aaron Aug. 14--In April, two small Capital Region banks announced their intention to marry. Then a third bank declared that the deal delivered mere chicken feed to shareholders of each, and tried to buy the first two...

Albany, N.Y., Bankers Hold Breath on Eve of Momentous Merger Vote.
August 14, 2000... Byline: Kenneth Aaron Aug. 14--So much for the genteel world of banking. With a shareholder decision on the horizon that promises to shape the immediate future of the Capital Region's banking market, four companies are moving at a...

Albany, N.Y.-Based Entertainment Company Adopts Shareholders' Rights Plan.
August 14, 2000... Byline: Danielle T. Furfaro Aug. 14--Trans World Entertainment Corp. has adopted a shareholders' rights plan, aimed at preventing a possible hostile takeover of the company. Under the plan, announced Friday by Trans World's board of...

GE Gets Helping Hand from Labor Department in Albany, N.Y., Recruitment Drive.
August 14, 2000... Byline: Danielle T. Furfaro Aug. 14--The state Department of Labor will spend the next two weeks assisting General Electric Co.'s Power Systems unit with its mass recruitment of more than 200 full-time employees. The agency will hold...

Agents Sue Colonie, N.Y., Realty Franchisee for Unpaid Commissions.
August 14, 2000... Byline: Keri P. Mattox Aug. 14--For 22 real estate agents who have sued their former employer for breach of contract, their day in court is coming. Exactly when, though, is unknown. The agents filed suit in state Supreme Court in...

Debts Ground Albany, N.Y., Airplane Parts Maker.
August 11, 2000... Byline: Danielle T. Furfaro Aug. 11--The president of Jaran Aerospace has filed for bankruptcy liquidation, claiming thousands of dollars of business-related liabilities and raising speculation about the future of the once-promising...

Proposed Merger of Two New York Banks Attracts Rival Reports.
August 11, 2000... Byline: Keri Mattox Aug. 11--Dueling banks trotted out competing analyses Thursday of the proposed merger between Cohoes Bancorp Inc. and Hudson River Bancorp Inc. While TrustCo Bank Corp NY trumpeted a Maryland advisory firm's...

Glen Falls, N.Y., Seeks to Qualify as New Economic Development Zone.
August 11, 2000... Byline: Keri P. Mattox Aug. 11--Wage tax credits, utility bill savings and property tax breaks soon will be rolled out for six new economic development zones -- land blocks created by state law in 1986 with the aim of jump-starting...

Trustee of Albany, N.Y., Real Estate Franchise Aims to Recover Contracts.
August 11, 2000... Byline: Keri P. Mattox Aug. 11--The trustee assigned to the Chapter 7 case of local Re/Max franchisee Reddy Lane Inc. wants to get his hands on commissions and contracts held by agents formerly associated with the firms. Troy...

Cement Firm Vows to Burn no Waste Fuels at Proposed Hudson, N.Y.-Area Plant.
August 10, 2000... Byline: Kenneth Aaron Aug. 10--St. Lawrence Cement Co. has promised to use no tires, diapers, medical or toxic waste, or other so-called waste fuels in its proposed cement factory, deflecting some foes' concerns. The company told the...

Creditors Seek More than $600,000 from Defunct Halfmoon, N.Y., Lender.
August 10, 2000... Byline: Danielle T. Furfaro Aug. 10--A trio of creditors has banded together to file an involuntary bankruptcy petition against National Finance Corp., the Halfmoon lender that closed its doors in December. The three -- SFX Sports...

Albany, N.Y.-Area Re/Max Franchise Owner Files For Liquidation.
August 10, 2000... Byline: Keri P. Mattox Aug. 10--Local Re/Max real estate franchisee Reddy Lane Inc. has filed for bankruptcy liquidation in U.S. Bankruptcy Court in Albany. Reddy Lane, owned by longtime local Realtor William Sarris, filed the...

Suit Aims to Stop Merger of Hudson, N.Y., Cohoes, N.Y., Banks.
August 9, 2000... Byline: Kenneth Aaron Aug. 9--The executive of a Warren County business has filed a $35 million lawsuit to stop the merger of Cohoes Bancorp Inc. and Hudson River Bancorp Inc. John Shepherd of Easton, Conn., chairman, chief executive...

Family Beverage Pays Homage to Saratoga, N.Y, Sarasota, Fla., Buffalo, N.Y.
August 9, 2000... Byline: Danielle T. Furfaro Aug. 9--For many, Saratoga is the summer place to be. For the Davis family, which owns PJ's BAR-B-Q on Route 9 south of the city, Sarasota, Fla., is the winter place to be. So the family has created a...

Delta Cancels Service from Albany, N.Y., to Orlando, Fla.
August 9, 2000... Byline: Keri P. Mattox Aug. 9--Passengers traveling to Albany International Airport's most popular destination -- Orlando, Fla. -- will have fewer flights and airlines to choose from Nov. 1. Delta Express -- the low-fare arm of Delta...

Albany, N.Y., Newspaper Changes Stock Listings from Fractions to Decimals.
August 9, 2000... Byline: Keri P. Mattox Aug. 9--Newspaper stock price listings -- including those in the Times Union -- look different these days. While the move from bulky, Colonial-era fractions to more consumer-friendly decimals saddens some...

Albany, N.Y., Financial Firm Sells Brokerages to First Union Subsidiary.
August 8, 2000... Byline: Kenneth Aaron Aug. 8--First Albany Cos. Inc. got leaner by half Monday, when it completed the $100 million sale of its retail brokerages to First Union Securities. The result is the entry of a major new player into the local...

Profits of Albany, N.Y.-Based Drug Research Firm Spur Stock Split.
August 8, 2000... Byline: Kenneth Aaron Aug. 8--Albany Molecular Research Inc. announced a 2-for-1 stock split Monday as profits rose 58 percent during the second quarter. The company, which holds several patents on the allergy drug Allegra, posted...

Recall Spurs Halt in Production, Layoffs at Troy, N.Y., Meat Processor.
August 8, 2000... Byline: Danielle T. Furfaro Aug. 8--A River Street meat processor has ceased production temporarily and has laid off about 40 workers after a voluntary recall of its products last week. Levonian Brothers Inc. stopped all meat...

Verizon Strikes in Albany, N.Y.-Area Offices Leave Managers to Handle Backlog.
August 8, 2000... Byline: Kenneth Aaron Aug. 8--While striking Verizon Communications workers circled at several Capital Region sites for a second day Monday, the work they left behind continued to mount. Directory assistance limped along....

Developer Builds on Diverse Legacy in Northeast New York.
August 7, 2000... Byline: Keri P. Mattox Aug. 7--When John J. Nigro was in high school, he, like many kids his age, worked in a grocery store. But not many teenagers were working as the third generation in a supermarket legacy, and even fewer cut...

Albany, N.Y., Labor Board Supports Union's Objections against Supermarket Firm.
August 7, 2000... Byline: Danielle T. Furfaro Aug. 7--The National Labor Relations Board has found merit in some of a union's charges of unfair labor practices against Golub Corp. and has set a September hearing date to review the case. The charges...

Northeast New York's Oldest Malls Make Transition into Category Killers.
August 7, 2000... Aug. 7--The walls are coming down. Just a few decades after malls had to be enclosed to get the attention of consumers, many of the same locations are shedding their skins to become big-box or "power" centers. Within the last year...

Retailers Thrive Through Combination of Physical Storefronts and Web Sites.
August 7, 2000... Byline: Kenneth Aaron Aug. 7--Five hundred million people walk through Robert J. Higgins' Trans World Entertainment Corp. stores every year, and he wasn't counting on losing all of them to the Web. "I think everything has sort of...

Owner of Colonie, N.Y., Realty Franchises Sues Former Employee over Conspiracy.
August 7, 2000... Byline: Keri P. Mattox Aug. 7--A $6.1 million lawsuit has been filed by the owner of three Re/Max real estate franchises in Colonie against a former employee of that office and the national real estate company's regional office on Long...

Today's Hot Hiring Commodity: the Once-Lowly Retail Clerk.
August 7, 2000... Byline: Elizabeth Benjamin Aug. 7--While juggling classes over the past four years -- first at Colonie Central High School and now at The College of Saint Rose -- 20-year-old Maria Fatato has been working part time as a sales associate...

New York Communities See Sales-Tax Receipts Rise Despite Clothing Exemption.
August 7, 2000... Byline: Marv Cermak Aug. 7--Officials in Greene and Columbia counties and the city of Gloversville say sales tax receipts are on the rise, even though the communities eliminated the tariff on clothing March 1. When the state lifted...

Hudson, N.Y.-Based Tire Recycler Asks Court for Bankruptcy Shield.
August 7, 2000... Byline: Danielle T. Furfaro Aug. 7--Three years after being slapped with a $110,000 fine and cleanup order, a Columbia County tire recycling company has filed for bankruptcy protection in an effort to halt a foreclosure and restructure...

Amsterdam, N.Y., Bank Targets Board Seats of Cohoes, N.Y., Bank.
August 4, 2000... Byline: Kenneth Aaron Aug. 4--Ambanc Holding Co. Inc. is making a pitch to put at least two men on Cohoes Bancorp Inc.'s board of directors. On Thursday, Ambanc nominated Leslie M. Apple, a partner in the Albany law firm Whiteman...

Large Crowd Shows Up for Annual Blowout of Colonie, N.Y., Outerwear Retailer.
August 4, 2000... Byline: Danielle T. Furfaro Aug. 4--Hordes of mothers, grandmothers and aunts stormed Priceless Kids Inc. stores Thursday morning to get the first pick of snowsuits and parkas during the chain's annual winter outerwear event. This...

Colonie, N.Y., Superconductive Metals Firm Gain Use of Lucent Patents.
August 4, 2000... Byline: Kenneth Aaron Aug. 4--Intermagnetics General Corp. announced a deal Thursday to use Lucent Technologies Inc. superconductivity developments. The licensing arrangement gives Intermagnetics permission to use 120 patents and...

Latham, N.Y.-Based Mechanical Technology Ties Loss to Big Investments.
August 3, 2000... Byline: Kenneth Aaron Aug. 3--Mechanical Technology Inc. hung a $5 million loss in its fiscal third quarter on red ink from investments in two alternative-energy developers. The 14-cent-a-diluted-share loss compares to a $4.1 million...

Investors Punish Colonie, N.Y.-Based Plug Power for Production Forecast.
August 3, 2000... Byline: Kenneth Aaron Aug. 3--Plug Power Inc. has slashed the number of test fuel cells it plans to produce this year and delayed its rollout of a retail product until 2002. Investors, in turn, hit the highway, pushing share prices down...

Re/Max Ends Three Colonie, N.Y., Franchise Contracts.
August 3, 2000... Byline: Keri P. Mattox Aug. 3--The contracts of three Colonie Re/Max real estate franchises have been terminated by Re/Max of New York Inc., the national franchiser's regional office. Severed Tuesday were the contracts of Re/Max...

Realty USA Selects New President for Albany, N.Y., Area.
August 3, 2000... Byline: Kenneth Aaron Aug. 3--The head of New York's largest independent real estate agency is also now president of Realty USA Capital District Agency Inc. Merle Whitehead, chairman and chief executive officer of Amherst-based...

Hoosick Falls, N.Y., Copper Foil Maker Opens Doors to Watervliet, N.Y., Plant.
August 2, 2000... Byline: Kenneth Aaron Aug. 2--The first privately owned business to set up shop at the Watervliet Arsenal will open this fall. Oak-Mitsui Inc., which makes copper foil used in printed circuit boards, will start a small operation at...

General Electric to Add Workers at Schenectady, N.Y., Plant.
August 2, 2000... Byline: Kenneth Aaron Aug. 2--SCHENECTADY, N.Y.--For the first time in 10 years, General Electric Co.'s Power Systems division plans to add factory workers at its headquarters here. Two hundred people will be put on the payroll...