• Bank sector funds seek gains after reform

    JPMorgan Chase & Co, an underperformer so far this year, is one of several big banks whose shares could be poised for a revival now that U.S. financial regulatory reform is all but completed.
  • First Niagara Financial to convert to bank-holding co

    First Niagara Financial Group Inc, the thrift-holding company for First Niagara Bank, said on Friday it applied to the Federal Reserve Board to become a bank-holding company.
  • First Niagara to buy Harleysville National for $5.5/shr

    First Niagara Financial Group Inc said it agreed to buy Harleysville National Corp for $5.50 per share, or $237 million, in stock to create a strong foothold in Pennsylvania.
  • NY agrees low-cost power for Yahoo, Sunworks builds

    The New York Power Authority agreed on Tuesday to sell low-cost power to Yahoo Inc to build a data canter and to Sunworks Solar LLC to build a solar panel manufacturing plant.
  • First Niagara Q1 profit edges down; plans $300 mln stock offering to repay TARP fund - Update

    Monday, First Niagara Financial Group, Inc. , the holding company of First Niagara Bank, reported a slight decline in profit for the first quarter. On an adjusted basis, profit rose 7.5%, while earnings per share declined 15.8%, yet came in line with market projections. Separately, Lockport, New York-based First Niagara announced a $300 million stock offering, mainly aimed at repayment of the $184...
  • UAW members approve concessions deal with Delphi

    United Auto Workers union members have approved a deal that gives Delphi Corp. concessions on wages, benefits and plant closings that the auto parts maker has said it must have to exit bankruptcy.
  • Delphi plan calls for keeping four UAW plants

    Bankrupt auto parts maker Delphi Corp. will retain and operate four plants under a tentative agreement with the United Auto Workers, according to a document posted on a Web site run by union members.