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Cummins’ Russia closure costs $158M

Cummins’ corporate decision to shut down operations in Russia has cost the company nearly $160 million in first quarter revenue. Cummins officials said on March 17 the company was suspending commercial operations in Russia after the country’s invasion of Ukraine. Cummins had 700 employees working in Russia. The company’s first-quarter revenues was $418 million compared to $603 million in 2021, with $158 million of the revenue decrease attributed to closed Russian operations. The costs incurred relating to the indefinite suspension of operations in Russia include inventory ...

Ten Real Estate Sales In Mid-January Top $250,000

There were 10 real estate transactions in Chautauqua County that topped $250,000 in the last two weeks of January. The Post-Journal/OBSERVER examined recorded real estate transactions from Jan. 18-31 at the County Clerk’s Office in Mayville. During that period there were 161 deed transactions, with 106 of them being purchases higher than $1. Of the 10 sales that were higher than $250,000, three were in the town of Ellery, two were in the town of Pomfret (one in Van Buren and one in Fredonia), two were in the town of Ellicott, two were in the town of Busti (one in Lakewood), and one ...

Safety efforts earns Brocton Central School District award

The Brocton Central School District is one of at least 145 school districts and Board of Cooperative Educational Services (BOCES) in New York State to receive the Utica National Insurance Group’s “School Safety Excellence Award” for 2022 at the Titanium level. The honor is presented annually and recognizes school districts’ safety efforts as they work to help keep students, staff and visitors safe. The Brocton Central School District received its award at Utica National’s 40th school safety seminar, one of seven such seminars the company hosts in the state. For over 45 years ...

Community Bank donates to the Westfield Development Corporation

WESTFIELD — Community Bank recently donated $500 to the Westfield Development Corporation to help support economic development in the Westfield area. The Westfield Development Corporation’s mission is to increase the prosperity of the Westfield community and promote economic development ...

We must remain flexible, forgiving

Often throughout the COVID-19 pandemic the chamber has spread the message for consumers to be flexible and forgiving to the business community. Business owners and staff were doing their best to understand and adapt to rapidly changing regulations. While this was frustrating to consumers ...

Lake Shore reports ‘significant growth’ in 2021

Lake Shore Bancorp, Inc., the holding company for Lake Shore Savings Bank, reported unaudited net income of $1.8 million, or $0.31 per diluted share, for the fourth quarter of 2021 compared to net income of $1.2 million, or $0.21 per diluted share, for the fourth quarter of 2020. For the year ended Dec. 31, 2021, the company reported unaudited net income of $6.2 million, or $1.05 per diluted share, as compared to $4.6 million, or $0.77 per diluted share, for the year ended Dec. 31, 2020. The company also reported: ¯ Fourth quarter net income of $1.8 million increased by $572,000, or ...