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Albany Times Union (Albany, NY) articles from July 2003
The Times Union is a Monday to Sunday newspaper published by Hearst Corporation. First published in 1856 as The Morning Times,The Times Union is located in the greater Albany, N.Y. area.The Times Union has one of the largest circulations in the United States and has a diverse readership, with the majority of readers between the ages of 25 and 60. Most readers have a college degree or some college background and an income above the national median. The newspaper covers the greater Albany area.With award-winning editor Rex Smith, a two-time Pulitzer juror, at its helm, The Times Union is known for its excellence in investigative reporting as well as commentary. In addition to being a leading news contributor during former Governor Eliot Spitzer's expose regarding his involvement as a client of a high-priced call girl operation in 2008, which led to Spitzer's resignation, the paper has also investigated an underground weapons operation that involved area police officers. And it also helped expose a state practice of granting parole to violent offenders in order to keep prison populations to a minimum. In addition it has detailed high profile domestic violence disputes and broke the story of how federal agents subpoenaed labor unions that invested pension funds with a Connecticutt company that employed high powered Republican Joseph Bruno as a consultant.Active in the community, The Times Union pledged to pay $3.5 million over a 10-year period for the Albany-based Pepsi Arena naming rights. On January 1, 2007, the arena received the name of the Times Union Center. George R. Hearst, III, is the publisher; Rex Smith is editor; Harry Rosenfeld is editor-at-large and Joann Cruppi is editorial pages editor.
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Albany Times Union (Albany, NY) archives from July 2003
Times Union, Albany, N.Y., Business Briefs Column.
July 31, 2003... Jul. 31--MECHANICVILLE, N.Y.--WITH SALE OF NIMO POWER PLANT FINAL, RESTORATION BEGINS: The sale of a historic hydropower plant on the Hudson River to an Albany company closed Wednesday, and electricity should start flowing there by the end of...
Greene County, N.Y., Officials Court Firms for Business Park.
July 31, 2003... Byline: Kevin Harlin
Jul. 31--Without any buildings, and cleared of its trees and vegetation, the Greene Business & Technology Park is not much to look at now.
But Greene County officials said the bare, sprawling 200-acre site soon...
Lord & Taylor Store at Albany, N.Y., Mall Is Slated to Close.
July 31, 2003... Byline: Kevin Harlin
Jul. 31--May Department Stores Co. said Wednesday it will close the Lord & Taylor store in Crossgates Mall and shut 31 other underperforming locations nationwide to focus on more profitable regions.
Laura Bryan,...
Rising Inventory Gives Albany, N.Y., Home Shoppers More Choices.
July 31, 2003... Byline: Kevin Harlin
Jul. 31--Sellers still have the edge, but the real estate market in the Capital Region is showing signs that it might soon give buyers some relief.
Through the first six months of the year, buyers and sellers...
Young Albany, N.Y.-Area Biotech Company Takes Plan to Potential Investors.
July 30, 2003... Byline: Jeremy Boyer
Jul. 30--James A. Burton's business plan for a protein manufacturing company earned him a $175,000 grant through the U.S. Small Business Administration, but the chemist was not having an easy time finding an...
Times Union, Albany, N.Y., Business Briefs Column.
July 30, 2003... Jul. 30--NBT POSTS $23.4 MILLION IN NET INCOME: Norwich-based NBT Bancorp Inc. posted $23.4 million in net income for the first half of 2003, or 71 cents per diluted share. That was up 6 percent from the $22.3 million, or 67 cents per diluted...
Times Union, Albany, N.Y., Business Briefs Column.
July 29, 2003... Jul. 29--SCHENECTADY, N.Y.--U.S. NAVY ORDER WORTH ANOTHER $28.7 MILLION FOR BECHTEL: Bechtel Plant Machinery is receiving an additional $28.7 million to provide nuclear propulsion components to the U.S. Navy, the Department of Defense...
Overtime Rights at Issue in New York.
July 28, 2003... Byline: Kevin Harlin
Jul. 28--ALBANY, N.Y.--To State Police senior investigator James O'Connor, the federal government's attempts to revamp the 65-year-old law governing who is eligible for overtime pay is nothing more than government...
Times Union, Albany, N.Y., Business Briefs Column.
July 25, 2003... Jul. 25--MADSTER FOUNDER AGAIN SEEKS PROTECTION: The creator of the defunct Madster computer file-sharing service this week filed another Chapter 13 bankruptcy petition, seeking protection from creditors five months after he withdrew a...
Albany, N.Y.-Based Security Alarm Firm Draws $203.5 Million in Public Offering.
July 25, 2003... Byline: Jeremy Boyer
Jul. 25--An Albany-based security alarm monitoring company raised $203.5 million in an initial public offering of stock that began trading on the Nasdaq market Thursday.
Shares of Integrated Alarm Services Group...
Entrepreneur in Troy, N.Y., Delves into Tiny, Hot Tech Industry Firm.
July 25, 2003... Byline: Kenneth Aaron
Jul. 25--When Eric Burnett sold his second company in 2001, he figured he would take six months off and get busy again.
"I spent two years looking for what's next," said Burnett, 44, now president and chief...
Verizon Braces for Communications Workers of America Strike.
July 25, 2003... Byline: Kenneth Aaron
Jul. 25--If you're a Verizon Communications Inc. customer, better hope your phone doesn't go on the fritz, says the company's main union.
With just a week left on a three-year contract, officials with the...
Times Union, Albany, N.Y., Business Briefs Column.
July 24, 2003... Jul. 24--NISKAYUNA, N.Y.--GE TOUTS SUCCESSFUL TEST OF HIGH-EFFICIENCY GENERATOR: General Electric Co. said Wednesday it has successfully tested a model of a high-efficiency generator at its Global Research headquarters in Niskayuna.
...
Saratoga Springs, N.Y.-Based Turbine Parts Firms to Explain Violations Fixes.
July 24, 2003... Byline: Jeremy Boyer
Jul. 24--A pair of Saratoga Springs-based turbine parts suppliers will run an advertisement in a trade publication that details how they corrected violations of a 15-year-old settlement agreement with General...
Crisis Feared in Natural Gas Crunch; Albany, N.Y.-Area Business Feel Impact.
July 23, 2003... Byline: Kenneth Aaron
Jul. 23--Officials at Schenectady International Inc. don't need Alan Greenspan's opinion on natural gas to know it's a big headache.
The Rotterdam chemical manufacturer, along with other Capital Region...
Times Union, Albany, N.Y., Business Briefs Column.
July 21, 2003... Jul. 21--HUDSON, N.Y.--THREE TOP BANK OFFICERS GET DOUBLE-DIGIT PAY HIKES: The three top officers at Hudson River Bancorp Inc. received double-digit raises in 2002, according to the company's proxy statement.
The document, filed with the...
Lake George, N.Y., Hotel Welcomes Guests amid Renovation, Expansion.
July 21, 2003... Byline: Kevin Harlin
Jul. 21--Electricians and workers in hard hats mingled with guests checking in at the lobby of the Fort William Henry Grand Hotel Friday afternoon.
Furniture and linens still were being set out in some of the...
Experts: Employers Becoming More Adept at Fighting Back when Workers Strike.
July 21, 2003... Byline: Jeremy Boyer
Jul. 21--Jesse Lanfear said his support never wavered during the five-month strike at Finch, Pruyn & Co. Inc. in 2001, but his job was gone by the time the Glens Falls paper-making company and its unionized workers...
Times Union, Albany, N.Y., Business Briefs Column.
July 18, 2003... Jul. 18--COLONIE, N.Y.--Capital Bank & Trust Co. has hired an accounting firm veteran to be its next chief financial officer.
Steven J. Owens, senior manager in the financial services practice at the Albany office of KPMG LLP, will start...
New York Manufacturer Uses Erie Canal to Ship Goods for First Time in 30 Years.
July 18, 2003... Byline: Cathy Woodruff
Jul. 18--A New York manufacturer used the state canal system to ship goods to an out-of-state destination for the first time in more than three decades on Thursday.
The shipment of 10 steel cages from Dimension...
Latham, N.Y.-Based MRI Manufacturer Hits Earnings Projections.
July 18, 2003... Byline: Kevin Harlin
Jul. 18--Intermagnetics General Corp. pushed up revenue slightly and trimmed costs to post a fourth consecutive year of record operating income.
In announcing the year-end results Thursday, company chairman and...
Lack of Big Tenants Stalls New Office Projects in Albany, N.Y., Area.
July 18, 2003... Byline: Kevin Harlin
Jul. 18--With no large tenants shopping for space in the Capital Region, developers have all but stopped putting up new office buildings, turning their attention instead to vacant older ones.
Along once-busy...
Times Union, Albany, N.Y., Business Briefs Column.
July 17, 2003... Jul. 17--SCHENECTADY, N.Y.--MVP EXPANDS HMO COVERAGE IN CENTRAL NEW YORK: MVP Health Care said Wednesday it has added a pair of central New York counties to its health maintenance organization coverage area.
The health insurer received...
Small Printer in Troy, N.Y., Hopes Expansion Will Lead to Bigger Projects.
July 17, 2003... Byline: Kevin Harlin
Jul. 17--The humming of industrial-sized laser printers churning out pages may not give traditional book printers pause yet.
But Integrated Book Technology Inc. in Troy is in the midst of a multimillion-dollar...
Research Initiative Leader Promotes Albany, N.Y., Area at Semiconductor Event.
July 17, 2003... Byline: Kenneth Aaron
Jul. 17--SAN FRANCISCO--As LaMar Hill trolls the endless aisles of the Semicon West trade show, he keeps stopping at booths to meet company officials he's done business with, or has tried to do business with, or...
Albany, N.Y., Tech Region Tests Cachet at Semiconductor Industry Trade Show.
July 17, 2003... Byline: Kenneth Aaron
Jul. 17--SAN FRANCISCO--The question this year isn't about geography. People at the semiconductor industry's biggest trade show know how to find Albany on the map.
The question of the day at Semicon West is when...
Times Union, Albany, N.Y., Business Briefs Column.
July 16, 2003... Jul. 16--BRUEGGER'S SHOPS UNVEIL A SOFTER, SQUARER BAGEL: Bruegger's Bagel shops in the Capital Region have launched a new product that is a cross between a bagel and sliced bread.
The company is calling the new item a Softwich: softer...
Tax Foreclosure Threatens Idle North Hudson, N.Y., Theme Park.
July 16, 2003... Byline: Kevin Harlin
Jul. 16--NORTH HUDSON, N.Y.--The president and only employee of shuttered Frontier Town said he's trying to raise more than $300,000 to pay off overdue property taxes and stave off foreclosure on the Wild West theme...
Developer Seeks Addition to Albany, N.Y.-Area Town Center Site.
July 15, 2003... Byline: Jeremy Boyer
Jul. 15--With the completion of the Bethlehem Town Center retail complex still several months in the future, the project's developer is proposing to make it bigger.
Nigro Cos. has submitted a site plan to the...
Latham, N.Y.-Based Firm Wins $13 Million Grant to Test Superconducting Cable.
July 15, 2003... Byline: Jeremy Boyer
Jul. 15--Intermagnetics General Corp.'s plan to test superconducting cable near the Hudson River in north Albany has received its biggest boost to date: a federal government grant worth $13 million.
The...
Partnership between Semiconductor Consortium, Albany, N.Y., Reviewed.
July 14, 2003... Byline: Kenneth Aaron
Jul. 14--Picture it: A public school yearning to draw big-time tech research secures a state commitment for tens of millions of dollars. A major semiconductor player offers its own pledge to come to the area. And...
New Generation Pulls into Albany, N.Y., Service Station.
July 11, 2003... Byline: Kevin Harlin
Jul. 11--When Leo Dott took over the family garage on Central Avenue in 1963, a gallon of gasoline from the pumps out front went for about 30 cents. Now it fetches about $1.49.
Other things have changed, too. Leo...
Times Union, Albany, N.Y., Business Briefs Column.
July 10, 2003... Jul. 10--MENANDS, N.Y.--ALBANY INTERNATIONAL EXPECTS 14 PERCENT EARNINGS GROWTH: Albany International Corp. expects second-quarter earnings of 49 cents a share, a 14 percent improvement over the same period last year, company officials said...
Century-Old Boat Business Is Afloat Again in Athens, N.Y.
July 10, 2003... Byline: Jeremy Boyer
Jul. 10--ATHENS, N.Y.--For the past year, a start-up manufacturing company has been building its business at an old boat yard on the banks of the Hudson River in the village of Athens.
But the business, an...
The Bon-Ton Stores Inc. Gets Approval for Latham, N.Y., Store.
July 10, 2003... Byline: Jeremy Boyer
Jul. 10--The Bon-Ton Stores Inc. has received town of Colonie Planning Board approval to move into the former Ames space at New Loudon Center on Route 9.
The York, Pa.-based department store chain declined...
New York's Lower Hudson Valley Targets Tech Businesses with Marketing Campaign.
July 10, 2003... Byline: Kenneth Aaron
Jul. 10--A $7.5 million marketing campaign aimed at luring tech businesses to the Hudson Valley will be unveiled this afternoon in Poughkeepsie.
But officials involved with the Hudson Valley Economic Development...
Times Union, Albany, N.Y., Business Briefs Column.
July 9, 2003... Jul. 9--GUITAR CENTER PLANS STORE IN WOLF ROAD SHOPPERS PARK: A national retailer of musical instruments plans to open a store next month in part of the old Service Merchandise space at Wolf Road Shoppers Park.
Guitar Center Inc. has...
HMO Members in Albany, N.Y., Remain Satisfied with Plans, Report Says.
July 9, 2003... Byline: Jeremy Boyer
Jul. 9--Most Capital Region HMO members remain satisfied with their plans, according to the latest version of a yearly report on the state's health maintenance organizations.
Four of the five HMOs serving the...
New CEO of Colonie, N.Y.-Based Bank Faces Tough Tasks.
July 8, 2003... Byline: Kevin Harlin
Jul. 8--It was an inauspicious start.
In the office on Saturday after his holiday-shortened first week on the job, Capital Bank & Trust Co.'s new chief executive managed to set off the alarm at the company's...
Times Union, Albany, N.Y., Business Briefs Column.
July 8, 2003... Jul. 8--SCHUMER CALLS WHITE HOUSE PLAN A THREAT TO OVERTIME: Sen. Charles Schumer said Monday that about 22,720 Capital Region workers are in jeopardy of losing their overtime eligibility under a White House plan to overhaul federal labor...
US Airways to Offer Regional Jet Service Between Albany, N.Y., and Washington.
July 8, 2003... Byline: Jeremy Boyer
Jul. 8--Flying to the airport nearest to the nation's capital got faster and more comfortable Monday when US Airways launched regional jet service from Albany International Airport to the Washington area.
US...
Bank Companies Continue to Vie for Customers in Upstate New York.
July 7, 2003... Byline: Kevin Harlin
Jul. 7--Banks have tried it all.
To lure customers, they built new branches. Then they opened in-supermarket offices.
They tried giving customers access to accounts on the Internet, and some even tried...
Share Prices of Albany, N.Y.-Based Firms Enjoyed Positive Second Quarter.
July 7, 2003... Byline: Kenneth Aaron
Jul. 7--Don't be afraid. Open that brokerage statement when it comes. The second-quarter results may bring good news for a change.
"We used to seal them with Band-Aids, there was so much bleeding," joked Rob...
