10:50am

Tue May 8, 2012
Morning Trail Mix

Obama in Albany

Hello, hello! Here's your Tuesday Morning Trail Mix:

President Obama returns to the Capital Region.

IBM is staying in the Southern Tier.

And, tires!

Obama

President Barack Obama is speaking at Albany's NanoCollege starting at 1:35 p.m. Officials say he'll be outlining a to-do list for Congressional lawmakers (Jimmy Vielkind, Times Union).

Obama was originally planning to speak at GlobalFoundries. But as Politico's Maggie Haberman points out, "the optics of visiting a center owned by a foreign government would invariably have become an issue for the White House raised by his critics and the GOP."

Hey, Albany: Get your errands done before noon. From 12 to 3 p.m. a 2-mile stretch of the Thruway and a handful of local roads will be closed (Associated Press).

Obama is a one man stimulus: Gov. Andrew Cuomo thinks the president's visit could boost the region's economic development efforts (John Eligon, New York Times).

Obama's visit is like a snow day: Construction workers at the NanoCollege are getting two days of paid leave (Larry Rulison, Times Union).

Binghamton

IBM is staying in Endicott - at least for another three years (Jenna Hanchard, WNBG).

"The Southern Tier is quickly becoming a research hub for solar energy" (Matt Markham, WBNG).

The Southern Tier could also become a hub for natural gas development. The Innovation Trail's Matt Richmond has a rundown of the latest natural gas news.

Syracuse

Another $39.2 million is being sunk into cleanup efforts at Salina's Ley Creek. Cleaning up after General Motots is expensive (Mark Weiner, Post-Standard).

The Oneida Indian Nation is buying a Syracuse-based sausage company (WKTV News).

Health

Backed by $600 million in state funding, eight med schools across New York are making significant gains in stem cell research (Associated Press).

Buffalo

HSBC Bank is shedding its mortgage business. PHH Mortgage Corp. is taking it over. But 200 Buffalo-area workers could lose their jobs (Jonathan Epstein, Buffalo News).

The tires used in competitive motorcycle racing are made in Buffalo. Now you know (AMA Pro Road Racing).

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