ALBANY, N.Y. (AP) — Gov. Andrew Cuomo is urging federal regulators to reject KeyCorp's $4.1 billion deal to buy First Niagara Financial Group and create the 13th largest commercial bank in the United States.

The New York Democrat says the proposed acquisition of Buffalo-based First Niagara by Cleveland-based KeyCorp would reduce retail banking competition in upstate New York, limit consumer access, and eliminate jobs.

Cuomo is asking the Federal Reserve Board of Governors, the Comptroller of the Currency, and the Justice Department's Antitrust Division to block it.

WATCH: Mammoth discovery offers students rare opportunity

Feb 11, 2016
Tahria Sheather

 

It might be the best classroom assignment that professor Loren Davis’ students will ever get.

Davis recently directed his anthropology students at Oregon State University to dig through a pile of soil excavated from the school’s football field, where workers discovered the remains of an ancient mammoth.

They spent the afternoon searching for extinct animal bones and fragments and learning how to identify them.

Anthropology student Annie-Rose Eaton said it’s the first time she’s done any excavating.

Push is on for the Rochester Craft Beverage Trail

Feb 10, 2016

State lawmakers gathered at Swiftwater Brewing Company on Mount Hope Avenue to announce bipartisan support for legislation that would designate parts of area highways as the "Rochester Craft Beverage Trail."

Assembly Majority Leader Joe Morelle is introducing the bill in the Assembly while Rich Funke is introducing it in the Senate.

Morelle notes that through the creation of the trail, we can continue to support the growth of local craft brewers like Swiftwater.

The next Tesla car is expected to be revealed and made available for pre-order next month. And while the auto world is still waiting to see specs and drawings, one thing is already known: the price.

As promised, Elon Musk tells Bloomberg, the Model 3 will cost $35,000 — before any incentives.

N.Y. tax cap pinch causing concern

Feb 10, 2016

Local governments and schools say they are struggling over a property tax cap that will allow what amounts to a 0 percent increase in tax levies in the coming year.

But Gov. Andrew Cuomo says they’ll likely have to stick with those rules.

Xerox Chairwoman and CEO Ursula Burns is providing some more detail about the recent announcement that the company will split into two different businesses, one focusing on document technology, the other on business services.

In a conference this week hosted by Goldman Sachs, Burns delved a bit more into the company’s announcement that it planned to reduce costs by nearly two and a half billion dollars over the next three years.

What's the best way to save monarch butterfly?

Feb 10, 2016
U.S. Fish and Wildlife Service

 

Tierra Curry grew up in Appalachia and remembers the mountains teeming with big orange and black monarch butterflies. But today, as senior scientist at the Center for Biological Diversity, she knows monarchs are in serious trouble. In fact, by some estimates, monarch numbers are down more than 80 percent from their 20-year average.

“Back in the mid-1990s, there were nearly a billion monarchs,” Curry says. “The last two years, the populations have been the lowest ever recorded.”

 A University of Rochester research team has created a material that changes shape after being triggered by body heat alone, which could lead to new medical and other applications.

According to UR, the material – developed by chemical engineering professor Mitch Anthamatten and graduate student Yuan Meng – is a type of shape-memory polymer, which can be programmed to retain a temporary shape until it is triggered, typically by heat, to return to its original shape.

A fourth man charged in the Local Development Corporation bid-rigging scandal pleaded guilty in a Rochester courtroom on Tuesday.

Businessman Daniel Lynch is the final defendant in the multi-million dollar LDC scandal in Monroe County. A statement from the New York State Comptroller and Attorney General says that Lynch pleaded guilty to four felonies, including grand larceny and restraint of trade.

ALBANY, N.Y. (AP) — State officials say more than 318 million pounds of electronic waste was diverted from landfills in the first three years of New York's electronics recycling law, but discarded televisions and computer monitors pose a challenge.


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U.S. Photonics Hub Coming To Rochester

What does this mean for the economy of the Rochester region?