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Business

Amtrak, CN reach agreement on Adirondack railroad line

Local politicians and tourism officials are applauding an agreement reached Friday by Amtrak and Canadian National (CN) Railway — related to service issues between Rouses Point and Montreal — that would prevent long-term shutdowns of the Adirondack Line, like the one experienced last ...

Burst of hiring shows off resilience of US job market

WASHINGTON — America’s employers delivered another healthy month of hiring in February, adding a surprising 275,000 jobs and again showcasing the U.S. economy’s resilience in the face of high interest rates. Last month’s job growth marked an increase from a revised gain of 229,000 jobs ...

Homestead preps new development, gives update on Fawn Valley

LAKE PLACID — Lake Placid-based affordable housing developer Homestead Development Corporation presented a sketch plan for a new housing development for essential workers at the Lake Placid-North Elba Joint Review Board meeting Wednesday. Fox Hill, the developer’s new project, will ...

Review board OKs net park expansion at Experience Outdoors

LAKE PLACID — Lake Placid adventure park Experience Outdoors received approval for a net park expansion from the Lake Placid-North Elba Joint Review Board on Wednesday. Experience Outdoors co-owner Bill Walton said that the Adirondack Park Agency has deemed the expansion application ...

Aubuchon presents plans to rebuild

SARANAC LAKE — Aubuchon Hardware’s plans to rebuild its plaza on Broadway that was destroyed in a catastrophic fire more than a year ago are nearing a vote from the Saranac Lake village Development Board, but for now, the board is waiting for consultants to finish reviewing engineering ...

Powell: Federal Reserve is on track to cut rates, though not likely for months

WASHINGTON — Interest rate cuts are coming. Just not yet. The Federal Reserve delivered that message Wednesday, first in a policy statement and then in a news conference at which Chair Jerome Powell reinforced it. The Fed did signal that it’s nearing a long-awaited shift toward cutting ...