Business

Stocks Surge, Dow Climbs 547

NEW YORK (AP) — U.S. stocks rocketed to their biggest gain in six months Tuesday following strong earnings from major financial and health care companies as well as encouraging reports on the economy. The Dow Jones Industrial Average jumped 547 points. Morgan Stanley, Goldman Sachs and ...

Motor Knowledge

NAPA Auto Parts is a staple of many communities in the U.S., with more than 6,000 stores nationwide, and Jamestown’s new location is showing customers what the chain’s future has in store. Alicia Beal, sales manager for the NAPA Buffalo distribution center, said the new 1024 Washington ...

Rand Machine To Host Grand Reopening, Job Fair

FALCONER — Premier Precision Machining is pleased to announce the grand reopening of Rand Machine Products. Rand has been in the manufacturing business for nearly three quarters of a century. In October 2017, Rand was purchased by Premier Precision Machining. Through strong leadership, ...

Ewalt Promoted To Chautauqua VP

Matt Ewalt has been promoted to Chautauqua Institution vice president and Emily and Richard Smucker chair for education, effective Sept. 24. Ewalt has served Chautauqua in various capacities since 2006, most recently as chief of staff. In his new role, Ewalt continues to lead the ...

Safety Group Calls Out Hyundai, Kia

DETROIT (AP) — A nonprofit auto safety group is demanding that Hyundai and Kia recall 2.9 million cars and SUVs due to consumer complaints that they can catch fire. The Center For Auto Safety says there have been more than 220 complaints to the government since 2010 about fires without ...

How To Pay College Tuition Bills

If college tuition bills are looming and you don’t have nearly enough saved, you have plenty of company. But you also have options for making it more affordable. Four out of 10 families who hope to send kids to college aren’t saving for that goal, according to student loan company Sallie ...

Electric Connection

The Jamestown Board of Public Utilities has resigned another local manufacturer to an agreement to offer lower electric rates for investment in the community. On Sept. 28, officials from both the BPU and Anderson Precision gathered to sign the new flex-rate contract. The BPU’s flex-rate ...

Acme-The Appliance Store Receives Award

Acme-The Appliance Store of Jamestown was named the 2018 BrandSource Dealer of the year for the North Atlantic Region at the BrandSource National Convention & Expo at Caesars Palace Hotel and Casino in Las Vegas, Nev. Co-owners Dan and Beth Hocking were on hand to receive the award at the ...

J. Edwards Gains Johanson Agency

Two long-standing, family-owned local insurance agencies are now one. On Oct. 1, the J. Edwards Insurance Agency acquired The Johanson Agency, formerly of 917 Washington St. The two agencies came together in new offices located at 800 W. Third St., Jamestown, and existing offices at 9 E. ...

Mortgage Rates Slightly Lower

WASHINGTON (AP) — Long-term U.S. mortgage rates edged slightly lower this week, taking a pause after five straight weeks of increases. Costs for would-be homebuyers have been climbing, and the key 30-year rate has been running at its highest levels in more than seven years. Mortgage buyer ...

How Not To Inherit Mom’s Timeshare

Timeshare owners James and Barbara Ruh enjoy their annual vacations in Hawaii, but they don’t want their daughters to be obligated to take over the contracts when they die. So the Ruhs, who are attorneys with offices in Santa Barbara, California, and Edwards, Colorado, created a trust to ...

Powell Says Gradual Rate Hike Is Best

BOSTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that he sees no need to drop the central bank’s current gradual approach to raising interest rates. Powell said the combination of steady, low inflation and very low unemployment shows the country is going through ...

Urban Development For Google Raises Concerns

TORONTO (AP) — Heated streets will melt ice and snow on contact. Sensors will monitor traffic and protect pedestrians. Driverless shuttles will carry people to their doors. A unit of Google’s parent company Alphabet is proposing to turn a rundown part of Toronto’s waterfront into what ...

Fairmount Financials

LAKEWOOD — After moving locations, Kathryn Colvin, financial adviser, is looking to put her own touch on the new office space of Edward Jones Investments while expanding their visibility on Fairmount Avenue in Lakewood. Edward Jones is a St. Louis-based Fortune 500 company that provides ...

County Unemployment Rate Decreases 1 Percent

The unemployment rate during the last year dropped 1 percent in Chautauqua County. In August 2017, the unemployment rate in the county was 5.5 percent. In August, the rate was 4.5 percent. The drop in the county’s unemployment rate correlates with what is happening nationally and ...

AM Suchar Accountants Hires Two New Staff Members

AM Suchar Accountants has hired Amanda Muntz and Mikaela Swanson as staff accountants. Muntz is a 2016 Jamestown Business College graduate with an associate’s degree in accounting. She is a Randolph native and graduated from Randolph Central School. In her free time, Muntz enjoys ...

How To Deal With Your First Credit Limit

The thrill of getting approved for your first credit card might wear off — at least a little — when you see the news punctuating that congratulatory message: Your new credit limit is lower than you expected. So the mental math begins. Can you shop for groceries for a full month without ...

Mortgage Rates At A Seven-Year High

WASHINGTON (AP) — Long-term U.S. mortgage rates are up for the fifth straight week, with the key 30-year rate reaching its highest level in more than seven years. Costs for would-be homebuyers continue to climb. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, ...

US Pending Home Sales Decrease

WASHINGTON (AP) — Pending home sales slipped in August as fewer Americans signed contracts to purchase a house, the fourth decline in the past five months. The National Association of Realtors said Thursday that its pending home sales index fell 1.8 percent last month to 104.2. This measure ...

FDA Wants To Clear Up Soy Milk

NEW YORK (AP) — Do people understand the differences between milk and soy and rice “milk”? That’s what the Food and Drug Administration is asking as it considers whether soy and other non-dairy products can keep calling themselves “milk.” Right now, federal standards define milk ...