The Business Review (Albany, NY) articles from September 2001

The Business Review (Albany, NY) archives from September 2001

Terrorist attacks shake consumer confidence.(Brief Article)
September 24, 2001... Region may feel economic impacts less than other areas The long-term economic effects of the terrorist attacks on New York City and Washington will depend a great deal on how events of the next few months unfold, but experts say that...

Freight company in holding pattern; waiting for FAA to lift restrictions.(Team Worldwide)(Brief Article)
September 24, 2001... After hijacked airliners plowed into the World Trade Center, the Pentagon and a field in Pennsylvania on Sept. 11, the Federal Aviation Administration banned commercial cargo deliveries from passenger aircraft as a security precaution. ...

Long-term prospects for airlines, freight forwarders uncertain.(Brief Article)
September 24, 2001... The effect on the national economy of the Sept. 11 terrorist attacks on New York City and Washington, D.C. will takes weeks and months to show. But for the airline industry, already struggling this year, the effect was fast and furious....

Barreto wants SBA to be quicker, more flexible, more responsive.(Small Business Administration offers small business loans following terrorist attacks)
September 24, 2001... Like all Americans, Hector Barreto said he was "deeply saddened and shocked" by the terrorist attacks on the World Trade Center and the Pentagon. As administrator of the Small Business Administration, Barreto will play a role in helping...

AuthentiDate CEO Botti, employees ponder future of World Financial Center offices.(Brief Article)
September 24, 2001... AuthentiDate CEO John Botti traveled to Manhattan a couple days after terrorist hijackers slammed two jumbo jets into the World Trade Center. He wanted to see his company's offices at Two World Financial Center, where he rented 6,500...

Local woman, moved by events, sets up 'employee on loan' project.(Wendy Gavert)(Brief Article)
September 24, 2001... Wendy Gavert watched the World Trade Center crumble to the ground like everyone else.. "It was just a terrible sadness I had looking at this," she said, "and then thinking, 'We've got to put this back together and make it right again."'...

Former First Albany analyst still missing.(Don Kauth)(Brief Article)
September 24, 2001... Don Kauth, the former First Albany Corp. analyst who also spent time at two area banks, was among those lost in the terrorist attacks on the World Trade Center. Kauth, who was 50 and the father of four, had spent the past few years as...

Harris Beach opens replacement office in New York City.(Brief Article)
September 24, 2001... Law firm Harris Beach LLC, has opened a new Manhattan office after losing its New York City space in the Sept. 11 terrorist attack on the. World Trade Center: The Rochester-based firm had offices on the 85th floor of Two World Trade Center,...

'82 RPI grad wins school's 'Entrepreneur of the Year' honor.
September 24, 2001... Mukesh Chatter, a 1982 graduate of Rensselaer Polytechnic Institute, has been named Entrepreneur of the Year by the school's Severino Center for Technological Entrepreneurship. Chatter is founder, president and CEO of Axiowave Networks...

SCCC could be hurt by WTC fallout.(Schenectady County Community College loses government funds to cleanup efforts)(Brief Article)
September 24, 2001... How the Sept. 11 terrorist attacks in New York City and Washington, D.C. will affect the Capital Region economy is still unknown, but Schenectady County Community College officials believe they could be in for a tough time. Before the...

New businesses take a gamble on downtown Schenectady's future.(Brief Article)
September 24, 2001... By the end of the year, Gregory Salomon will have three businesses operating within a quarter-mile stretch of Jay Street in downtown Schenectady. Don't tell him not to put all his eggs in one basket. Salomon said he can see the potential...

CORRECTIONS & AMPLIFICATIONS.(Brief Article)(Correction Notice)
September 24, 2001... Wallace Altes In the Sept. 17-23 issue, a story about Wallace Altes, president of the Albany-Colonie Regional Chamber of Commerce, should have said Altes was one of the longest-serving chamber executives in the region.

Buffalo-based M&T Bank adds to its Capital Region presence.(new Schenectady location)(Brief Article)
September 24, 2001... M&T Bank has chosen a new Schenectady retirement complex for the site of its 14th Capital Region office--and first-for-New York financial program. The Buffalo-based institution also is financing construction of the KingsWay Village...

Station receives Class A FCC license.(WNCE television)(Brief Article)
September 24, 2001... WNCE/Channel 8, the low-power television station in Queensbury, has been granted a Class A license by the Federal Communications Commission. "The station has gone up a notch," said Michael Collins, who purchased WNCE last October. ...

SBA's new business center for women gets good early reviews.(Small Business Administration)(Brief Article)
September 24, 2001... Cathy Pokines gets seven to 10 telephone calls a week from women all over upstate New York looking for help in starting a business. Pokines, woman's business owner representative for the U.S. Small Business Administration's Syracuse...

Real estate veteran opens own shop in Loudonville.(Miguel Berger)(Brief Article)
September 24, 2001... Miguel Berger has started his own residential real estate firm after 17 years of working for others in the area. Tech Valley Homes Real Estate LLC, Berger's new firm, will open an office at 475 Albany Shaker Road in Loudonville by the end...

Court OK'S plan by Lawrence's daughters to buy KPMG lawsuit.(Lawrence Group Inc. loses attempt to buy suit)(Brief Article)
September 24, 2001... Lawrence Group Inc. lost its bid to buy a 4 1/2 year-old lawsuit against KPMG LLP, but still will benefit from a court-approved deal. The former Schenectady holding company had asked to buy the $250 million accounting malpractice suit...

Women make their mark on the land and on farming operations.(women in organic farming)(Brief Article)
September 24, 2001... It is no coincidence that the growth of organic farming mirrors the growth in the number of women farmers, says Shanti Nagel, co-proprietor of Mantis Organic Farm in Rensselaer County. The organic movement, unlike conventional farming, is...

Rensselaer incubator and its offspring win Achievement Awards.(Brief Article)
September 24, 2001... The Rensselaer Incubator Program and two of the companies that got started there have been singled out by The Business Review for achievement awards. The Business Review's 2001 Achievement Awards cover a range of companies, including...

Home Depot plans Albany outlet.(Brief Article)
September 24, 2001... Big-box home improvement retailer Home Depot will open its eighth Capital Region out-let next year in Albany. The company has purchased Capital Center, formerly known as Colvin Plaza, at 979 Central Ave. from Albany-based real estate...

Schenectady International says it will clean up oil leaks at Broadway building it intends to vacate.(Brief Article)
September 24, 2001... Schenectady International Inc. has uncovered minor contamination at its building on 797 Broadway in Schenectady. The chemical manufacturing company is preparing to consolidate its operations in Niskayuna. It hopes to donate the Broadway...

Go2Pay, Logical Net firm up relationship through alliance.(Brief Article)
September 24, 2001... Go2Pay Inc., a Troy-based company that specializes in Internet-enabled payment processing, has formed a new relationship with Logical Net, an Internet service provider based in Albany. Go2Pay will electronically process monthly credit...

Intel Corp. will offer a series of books one-business strategies.(Brief Article)
September 24, 2001... Intel Corp. is getting the writing bug: The world's largest chipmaker says it plans to present a series of books to help guide businesses in the design and build-out of their e-business strategies. The IT-focused effort was developed...

New CEO aims to make software startup integral part of region's high-tech scene.(Jason Jacobs of CoreSense)(Brief Article)
September 24, 2001... THE BUSINESS REVIEW will continue to follow Jacobs during his first year at CoreSense. Jason Jacobs is a new CEO, at the helm of CoreSense, a three-person software startup in Tray. He said his background at Simplex Inc., a...

RPI will get $10 million NSF grant.(Rensselaer Polytechnic Institute, National Science Foundation)(Brief Article)
September 24, 2001... Rensselaer Polytechnic Institute is slated to receive $10 million over the next five years from the National Science Foundation to develop one of six Nanoscale Science and Engineering Centers in the country. RPI's center, the Center for...

NLRB prepares complaint on Verizon Information Services.(National Labor Relations Board)(Brief Article)
September 24, 2001... National Labor Relations Board officials say they are preparing to issue a complaint against Verizon Information Services for an alleged 86 violations of federal labor law at locations across the state, including Albany. Verizon...

RPI gets $2.5M in federal funds to find new enerqy resources.(Rensselaer Polytechnic Institute)(Brief Article)
September 24, 2001... Rensselaer Polytechnic Institute has received $2.5 million from the U.S. Department of Energy to find new energy sources and understand the impact energy production has on the environment. The money will be used to fund what is called...

NYISO ponders vulnerability of FERC's centralized energy plan.(New York Independent System Operator, Federal Energy Regulatory Commission)(Brief Article)
September 24, 2001... A copy of a New York Independent System Operator report with a picture of the World Trade Center lighting the nighttime sky sat on Ken Klapp's desk unnoticed. It wasn't until days later that the familiar cover of the March report titled:...

Phillip Phan new research director at RPI's Severino center.(Rensselaer Polytechnic Institute)(Brief Article)
September 24, 2001... Rensselaer Polytechnic Institute in Troy is revamping its business management school with the goal of becoming a national leader in using campus research to create new start-up technology companies. RPI has named Phillip Phan, a...

It's time to get back to business.(for New York in the wake of terror attack)(Brief Article)(Editorial)
September 24, 2001... After what happened Sept. 11, doing business, especially here in New York State, has taken on new meaning. Doing business is no longer just about making money When the terrorists took down the World Trade Center they made it important for...

Welcome to The Business Review.(notable changes)(Brief Article)
September 24, 2001... Welcome to The Business Review. Streamlined, quick and easy--just what one needs in today's world. As always at The Business Review we continue to be dedicated to bringing you the most comprehensive, useful and up-to-date local business news....

AREA'S LARGEST INDUSTRIAL PARKS.(square footage)(Illustration)(Statistical Data Included)
September 24, 2001... AREA'S LARGEST INDUSTRIAL PARKS (Ranked by Total Square Footage) Name Square Rank Address Footage of Total Acres/ Last Telephone (Fax) (Year Founded) ...

Hospital has Rx for fiscal health.(Saratoga Hospital)(Brief Article)(Statistical Data Included)
September 24, 2001... Saratoga Hospital's grow[h strategy tied to outpatient services, staff retreats As several local hospitals scramble to stem their financial bleeding in an increasingly difficult health care environment, Saratoga Hospital is making money....

Bellevue prepares for changing of guard.(Bellevue Women's Hospital)(Brief Article)
September 24, 2001... Bellevue Women's Hospital, the Niskayuna hospital started by a nurse in 1931 to give Depression-era women more specialized health care attention, is preparing for its own life-extending operation. Seven decades after Ellis nurse M. Grace...

Women seek female practitioners.(Women For Women Care)(Brief Article)
September 24, 2001... FOR THE BUSINESS REVIEW As women's health care needs have changed, so have their expectations for their providers. No longer satisfied to define their medical requirements solely in terms of obstretrics/gynecology and reproductive...

EPA goes after hospital pollution.(to reduce mercury pollution)(Brief Article)
September 24, 2001... The U.S. Environmental Protection Agency promises to get tougher on hospitals, enforcing waste-and mercury-reduction standards either by voluntary or punitive means. The agency's goal is to eliminate mercury from medical waste by 2005:...

HIPAA will have impact on employers.(Health Insurance Portability and Accountability Act)(Brief Article)
September 24, 2001... Many people protect credit data more zealously than health records, yet unauthorized disclosure of medical information can cause embarrassing or devastating consequences. Consider the following: Under a program to improve customer relations,...

Hospitals, nursing schools cope with nursing shortages, burn-out.(Brief Article)
September 24, 2001... FOR THE BUSINESS REVIEW In its most recent survey, done in March 2009, the federal Health Resources Services Administration (HRSA) found that of the 197,500 licensed registered nurses in New York state, only 160,000--or 81 percent--were...

Innovative Web site helps St. Peter's fill temporary nursing vacancies.(Brief Article)
September 24, 2001... Last spring, Barbara LaMarche, a registered nurse, was immediately curious when she spotted a newspaper ad that offered a unique Web site to bid on temporary nursing jobs at St. Peter's Hospital. The Cohoes resident, with a wide-ranging...

New Yorkers have right to question health plans.(Brief Article)
September 24, 2001... Both houses of Congress have produced Patient Bill of Rights legislation that allows patients to sue health insurance plans in some circumstances. Negotiators will iron out the details around winning damages under each of the bills in...

Leasing strategies can help health care providers upgrade equipment.(Brief Article)
September 24, 2001... Several area hospitals have chosen to lease equipment, demonstrating the significant advantages of this increasingly attractive approach to equipment acquisition. Albany Medical Center needed a computer upgrade to prevent Y2K problems....

AREA'S LARGEST FITNESS FACILITIES.(Brief Article)
September 24, 2001... AREA'S LARGEST FITNESS FACILITIES (Ranked by Number of Members) Name Address Telephone (Fax) Rank (Year Founded) Capital Last E-mail Address ...

Region's health clubs fine tune markets by targeting specific client bases.(Brief Article)
September 24, 2001... FOR THE BUSINESS REVIEW Michael Dranichak, owner of the Fitness Factory on Wolf Road in Colonie, has been in the Capital Region fitness industry for more than a decade. He has learned that what might be hot in the clubs of New York City...

Health care providers should choose business consultants with care.(Brief Article)
September 24, 2001... Both the U.S. General Accounting Office (GAO) and the U.S. Department of Health and Human Services Office of the Inspector General (OIG) have recently Scrutinized consultants hired by medical providers. In June, the GAO presented a report...

Peer review, insurance are court topics.(Brief Article)
September 24, 2001... When hospitals or other health care providers purchase insurance policies that appear to provide coverage for peer review activities, are they really getting the protection they believe they have paid for? This is the critical question...

Volunteering is opportunity to make new friends, expand awareness.(Brief Article)
September 24, 2001... Now I understand why people become workaholics. At work, our job title defines who we are and our job description gives us purpose. But what happens when we are laid off from work or we reach retirement? Without a job, we no longer know who...

Good surely will triumph over evil.(Brief Article)
September 24, 2001... I sit in front of my computer screen, continuing to wonder how anything I write can be relevant after the horrific, still surreal events of Sept. 11. What was "normal" will never again be. I am almost numb from the events and emotions. My...

Computerized Investing picks best software for four investment areas.(Brief Article)
September 24, 2001... The editors of Computerized Investing magazine spend much of their time fielding questions about software programs. Among the most frequent: What's the best program for my specific needs? What's the best portfolio management software for the...

GAINERS, LOSERS.(Brief Article)
September 24, 2001... GAINERS, LOSERS Close UP Down Espey Mfg. & Elec. Corp. $18.49 4.17% Precision Castparts Corp. $23.51 27.71% MARKET INDICES Close Down Dow...

TAKING STOCK.(Brief Article)
September 24, 2001... A weekly report compiled from the proxy statement and annual report of a publicly held company based in the Capital Region or of major interest to Capital Region investors. U.S. Airways Group Inc. (NYSE:US:U) U.S. Airways Group Inc.,...

PEOPLE ON THE MOVE.(Brief Article)
September 24, 2001... http:/albany.bcentral.com ACCOUNTING Jamie Spencer has joined Roback Ferraro & Pehi CPAs LLP of Malta as an accounting associate. She will provide accounting, auditing, and tax and management advisory services in the firm's business...

AWARDS & ACHIEVEMENTS.(Brief Article)
September 24, 2001... The State University of New York's Empire State College has awarded an honorary Doctor of Humane Letters degree to Charles Wait, president and CEO of Adirondack Trust Co. Wait was recognized for his contributions to the area's economic...

St. Peter's--Spirit of Women Awards.(Brief Article)
September 24, 2001... Nominations are being accepted for the St. Peter's--Spirit of Women. Awards, which recognize women who are unsung heroes of the Capital Region. Nominees may be friends or relatives of colleagues from the area. The three award categories are...

Albany Legal Assistant Association.(Brief Article)
September 24, 2001... The Albany Legal Assistant Association Inc. has changed its name to the Capital District Paralegal Association, Inc. The change, which became official June 26, was made in response to the requirements of the National Federation of Paralegal...

The Schenectady Business and Professional Women's Club.(Brief Article)
September 24, 2001... The Schenectady Business and Professional Women's Club will open its 2001-2002 program year with a "membership sale" at 6:30 p.m. at the Mohawk Club, Union and Church streets in Schenectady. The club will offer $20 off local, state and...

INTEREST RATES.(Brief Article)(Statistical Data Included)
September 24, 2001... INTEREST RATES (Current as of 9/18/01; some rates change daily) LOANS New Car Loans (over $6,000) ...

MORTGAGE RATES-POINTS.(Brief Article)(Statistical Data Included)
September 24, 2001... MORTGAGE RATES-POINTS 30-year 15-year 1-year fixed fixed ARM Abetter Mortgage 7.00-0 6.625-0 6.00-0 Absolute Financial...

DINGBATS & BULLETS.(Brief Article)
September 24, 2001... People: Media personality/author Bob Cudmore will co-host with Katherine Mal1e "In Word and Deed" a monthly television magazine on WNYT/Channel 13 about people who make the Capital District a better place. The Albany Roman Catholic Diocese is...

Terrorist attacks change everything.(Terrorist attacks in NYC)(Brief Article)
September 17, 2001... Capital Region business jolted by the tragedy Capital Region businesses waited for word on associates, friends and family who worked in the twin towers of the World Trade Center in New York City, which were destroyed by a terrorist attack...

John Botti's unforgetable trip on day of horror.(Terrorist attacks)(Brief Article)
September 17, 2001... John Botti flew over the World Trade Center 15 minutes before terrorists slammed planes into the Twin Towers, arrived in Baltimore/Washington International moments before the Pentagon was attacked and drove home through Pennsylvania where...

A long road from welfare to business.(U.S. Small Business Administration)(Government Activity)(Brief Article)
September 17, 2001... A year ago, JoAnn Libertucci was a single mother on welfare. Today she is married and the owner of the fledgling Square One Taxi. But the road from public assistance to proprietorship has not been a smooth one, and Libertucci is still not...

Approval process slows Kmart distribution center.(hoping to start construction before the weather changes)(Brief Article)
September 17, 2001... Kmart Corp. is hoping to start construction before the weather changes on a 1.4 million-square-foot distribution center outside Amsterdam. "They've invested a lot of money and time," said Michael Yevoli, director of economic development...

Al Marlin to head local cable news.(New vice president and general manager)(Brief Article)
September 17, 2001... Time Warner Cable has chosen a veteran of the Capital Region television market to oversee the 24-hour news network it plans to debut next spring. Al Marlin, who began Sept. 4 as vice president and general manager of the as-yet-unnamed...

Hudson River Bancorp wanted Ambanc, but not its dissidents.(Brief Article)(Statistical Data Included)
September 17, 2001... When Hudson River Bancorp Inc. agreed to buy Ambanc Holding Co. Inc., it apparently wanted to make very sure it did not inherit Seymour Holtzman and Lawrence Seidman. Holtzman and Seidman are two dissident shareholders who acquired large...

National business leaders push for higher-quality economic statistics.(Brief Article)
September 17, 2001... The National Association tar Business Economics has enlisted business leaders in its drive to improve the quality and timeliness of U.S. economic data. The NABE Business Statistics Council raised $50,000 at an organizational meeting in...

Albany Med researcher receives $760K for spinal cord research.(Albany Medical College)(Brief Article)(Statistical Data Included)
September 17, 2001... Albany Medical College researcher Sally Temple has received a $760,000, four-year state grant to study how neural stem cells can be controlled to help heal spinal cord injuries. Albany Medical College is affiliated with Albany Medical...

NY Life posts Northway sign.(Brief Article)
September 17, 2001... More than a year after moving to a new building overlooking the Northway, New York Life Insurance Co. has installed a sign visible to the thousands of daily commuters using that highway. New York Life was one of the first tenants to move...

Steuben Club's venture fails; club reverts to old ownership.(Brief Article)
September 17, 2001... The nonprofit owner of the Steuben Athletic Club in downtown Albany has defaulted on its payments to the club's previous owner, which has taken back the property. Daily operations are not affected, said Laddie Mawery, general manager of...

Wally Altes says he's retiring from chamber presidency.(Adirondack Regional Chambers of Commerce)(Brief Article)
September 17, 2001... Words like leader, creative and perceptive were used to describe Wallace Altes--Wally to anyone who knew him. "How would I characterize Wally? He's a gentleman's gentleman," said Jim Berg president of the Adirondack Regional Chambers of...

Atlanta Bread Co. moves into Capital Region market.(Brief Article)
September 17, 2001... Ken Rabinoff-Goldman hopes the smell of fresh baked bread and a homey atmosphere with a brick fireplace and hardwood floors will lure customers looking for an alternative to traditional fast food. Bringing a new bakery cafe to the area,...

Internet option for paying taxes launched by IRS.(Brief Article)
September 17, 2001... Businesses can now pay their federal taxes through a secure Web site, adding an Internet option to an electronic filing system that previously required users to use special software and a modem to dial into the Treasury Department's computer...

Government agencies miss small-business goals.(Small Business Administration)(Brief Article)(Statistical Data Included)
September 17, 2001... The federal government's failure to meet any of its small-business contracting goals last year has prompted renewed calls for Congress to give the Small Business Administration more power to force agencies to break up big contracts. Only...

Commerce Department surveying IT training.
September 17, 2001... The Department of Commerce is conducting an online survey to gather views from employers, workers, educators and government officials on information technology training. The survey will address demand for IT workers, the education and...

Wal-Mart move into banking faces opposition from ICBA.(Independent Community Bankers of America)(Brief Article)
September 17, 2001... The Independent Community Bankers of America wants federal regulators to block a deal between TD Bank Financial Group and Wal-Mart to provide banking services in the discount stores. Wal-Mart's attempt to buy a thrift was thwarted by...

Stay on insurance regulation upheld.(Brief Article)
September 17, 2001... An appellate judge upheld a temporary restraining order against a new state regulation shortening the amount of time a person can file for benefits under no-fault auto insurance coverage. On Sept 5, an appellate judge upheld a temporary...

Guilford Mills to halt production in Cobleskill plant.(and concentrate on Mexico production)(Brief Article)
September 17, 2001... Greensboro, N.C.-based textile manufacturer Guilford Mills (NYSE:GFD) is halting production at its Cobleskill plant and focusing its manufacturing efforts in Mexico. Guilford plans to operate the Schoharie County textile factory, which...

American Tissue files Chap. 11.(Brief Article)
September 17, 2001... The nation's slumping paper industry has claimed another corporate victim as Long Island-based American Tissue Inc. filed for Chapter 11 bankruptcy protection Sept. 10. American Tissue, which makes recycled paper towels, tissue and other...

Employees buy Native Textiles in Glens Falls.(Native Textiles purchased from Strategic Industries)(Brief Article)
September 17, 2001... Glens Falls-based manufacturer Native Textiles Inc. has new owners. Two senior members of the company's management team, William Paculavich and Carl Andersen, bought the 200-employee manufacturer Sept. 5 from Strategic Industries of...

Union College benefiting from international accreditation.(receives accreditation from American Assembly of Collegiate Schools of Business)(Brief Article)(Statistical Data Included)
September 17, 2001... A document acquired this year is helping Union College in Schenectady recruit more graduate business students, particularly from overseas. Since receiving accreditation from the St. Louis-based AACSB International Association for...

Atomic plants go on alert.(Nuclear Regulatory Commission calls for high-security mode for nuclear generators in response to World Trade Center and Pentagon attacks)(Brief Article)
September 17, 2001... The Nuclear Regulatory Commission instructed all nuclear generators to initiate heightened security measures as a result of terrorist attacks on the World Trade Center and the Pentagon. "I don't know, if there have been threats," said...

Schenectady company makes deal with Mayo Clinic.(Clinical Encapsulation Services Inc. to handle clinical research)(Brief Article)(Statistical Data Included)
September 17, 2001... A Schenectady medical-capsule company has agreed to handle clinical research work for the Mayo Clinic, the medical research center in Rochester, Minn. Clinical Encapsulation Services Inc., a 5-year-old incubator firm located in the...

Nardelli's home goes on market.(Robert Nardelli multi million dollar home for sale)(Brief Article)(Statistical Data Included)
September 17, 2001... The former Robert Nardelli home in Loudonville is in that rarefied tier of seven-figure properties that take your breath away but can be a challenge to sell. In this price range, people tend to want houses built to their exact...

AREA'S LARGEST HOME BUILDERS.(rated by year 2000 revenue)(Directory)(Statistical Data Included)
September 17, 2001... AREA'S LARGEST HOME BUILDERS (Ranked by 2000 Revenue) Number of Name Single Rank Address ...

Local trade office had close ties with World Trade Center.(300 World Trade Centers headquartered in Manhattan)(Brief Article)(Statistical Data Included)
September 17, 2001... A small, little-known trade office in Schenectady received a lot of unexpected attention after two hijacked airliners slammed into the World Trade Center in New York City Sept. 11. The Manhattan site was the headquarters for 300 trade...