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Biden's late son urged him to run for U.S. presidency -NY Times

WASHINGTON, Aug 1- Vice President Joe Biden, inspired in part by his late son, has been holding meetings at his Washington home to discuss challenging Hillary Clinton for the Democratic presidential nomination, The New York Times reported on Saturday. The 72- year-old vice president has been having meetings at his Washington residence to explore the idea of...
Source: Reuters
Private equity pioneer Kohlberg dies at age 90

Jerome Kohlberg Jr., the veteran financier who pioneered the leveraged-buyout industry, died on Thursday at his home in Martha's Vineyard. He was 90.
Source: The New York Times | By: Michael J. de la Merced
Jobs data big, but no slam dunk for rate hike

August is here, bringing the final few pieces of data the Fed has left to consider before it holds its rates meeting in September.
Source: CNBC.com | By: Patti Domm
New York state picks 5 to grow, dispense medical marijuana

ALBANY, N.Y.- The five companies picked to grow and dispense medical marijuana in New York include one run by a Minnesota physician, three with dispensaries in other states and another with a personal connection to those the state's new program aims to help. Grow centers are planned for Queens, Orange, Monroe, Fulton and Warren counties. "We are ready to go," said...
Source: The Associated Press | By: By DAVID KLEPPER, Associated Press
Runaway rail car kicked loose by teen hits New York station

Oneida County officials released the footage as they called on federal rail regulators to explain how a 265,000- pound rail car left unattended for two weeks could be unlatched by a teenager playing on the car, according to the account of the July 21 accident that the teen gave to Utica police. "I understand that the Federal Railroad Administration has...
Source: The Associated Press
Tompkins posts 2Q profit

ITHACA, N.Y. _ Tompkins Financial Corp. on Friday reported second-quarter earnings of $17.4 million. The bank, based in Ithaca, New York, said it had earnings of $1.15 per share. Keywords: Tompkins Financial, Earnings Report.
Source: The Associated Press
Arbor Realty Trust reports 2Q results

UNIONDALE, N.Y. _ Arbor Realty Trust on Friday reported a key measure of profitability in its second quarter. The Uniondale, New York- based real estate investment trust said it had funds from operations of $12.7 million, or 25 cents per share, in the period. The company said it had net income of $10.5 million, or 21 cents per share.
Source: The Associated Press
Moog posts 3Q profit

EAST AURORA, N.Y. _ Moog Inc. on Friday reported fiscal third-quarter earnings of $36.3 million. Moog expects full-year earnings to be $3.50 per share, with revenue expected to be $2.53 billion. Moog shares have fallen 11 percent since the beginning of the year.
Source: The Associated Press
ITT tops Street 2Q forecasts

WHITE PLAINS, N.Y. _ ITT Corp. on Friday reported second-quarter net income of $142.3 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. Nine analysts surveyed by Zacks expected $616.1 million.
Source: The Associated Press
NY to give low-cost electricity to Amazon, Bausch & Lomb

ALBANY, N.Y.- New York state is giving low-cost electricity to 15 businesses around the state as part of a program to use affordable power as an economic development tool. The list of businesses includes Amazon LLC in New York City and Bausch& Lomb in Rochester. Other companies are in the Mohawk Valley, the Southern Tier, long Island and western New York.
Source: The Associated Press