- Windstream to form REIT in move that lowers company's debt
Windstream Corp. plans to spin off some of its telecommunications network assets into a separate publicly traded real estate investment trust consisting of roughly 25 employees, company officials said Tuesday.
- RPO names Pittsford native Stare as music director
The Rochester Philharmonic Orchestra Inc. has tapped a Pittsford native dubbed “one of the hottest conductors in America” to serve as its next music director. Ward Stare will become the RPO’s 12th music director in 91 years, officials said.
- Kodak sues Goldman Sachs, others
The Goldman Sachs Group Inc. and JPMorgan Chase & Co., in concert with hedge funds, commodities traders and others, manipulated commodities markets, breaching antitrust laws and costing Eastman Kodak Co. dearly, Kodak claims in a lawsuit.
- RF Communications parent reports drop in unit's Q4 sales
Harris Corp.’s RF Communications Tuesday reported a drop in fiscal fourth-quarter sales and operating income.
- Survey leads N.Y. cities for being small-business friendly
Rochester is the friendliest city in New York for small-business owners and ranks as the 5th easiest city nationwide to start a business, a new survey from Thumbtack.com reports.
- Airport projects come in under FAA budget
A series of projects at the Greater Rochester International Airport were completed at a total cost of $29 million, a savings of $11 million from the $40 million budgeted by the Federal Aviation Administration, officials announced this week.
- First Niagara's top accountant Ciroli resigns, interim named
The top accountant at First Niagara Financial Group Inc. has resigned, the Buffalo-based company announced in a regulatory filing.
- UR contracts Taylor for College Town admin building
R-J Taylor General Contractors Inc.—which does business as Taylor, the Builders—was awarded a $2.6 million construction contract for the University of Rochester’s 45,000-square-foot administrative office building at College Town in Rochester.
- LeRoy fire department treasurer charged with grand larceny
The LeRoy Fire Department’s treasurer has been arrested and charged with the theft of public funds.
- Coalition seeks neutral language for redistricting language
The state Board of Elections is expected to adopt language for a redistricting amendment on the November ballot.
- Richard Kaufman gets prison time, must pay $1.4M restitution
Convicted of bank and loan fraud in April, former RAK Industries official Richard Kaufman drew a 46-month prison term and was ordered to pay $1.4 million in restitution last week.
- RIT secures fuel cell research grant
Rochester Institute of Technology has received a nearly $100,000 grant for fuel cell research that will aid in the final phase for prototype residential power system.
- Bills day practice today moved to night practice
The Buffalo Bills have moved today’s day practice to this evening at St. John Fisher College.
- Allworx names nationwide distributor
Allworx Corp., a Windstream Corp. company, has inked an agreement with Germantown, Md.-based Target Distributing, making it an authorized distributor of Allworx products.
- Wegmans to install solar panels at farm, office building
In a move to reduce its carbon footprint and meet its own energy needs, solar panels will be installed at Wegmans Food Markets Inc.’s organic farm and a building near its corporate headquarters.
- FCC grants approval to Frontier for AT&T transaction
Frontier Communications Corp. has received approval from the Federal Communications Commission to acquire AT&T’s local wireline, broadband and video operations based in Connecticut.
Snap Poll: Wegmans is most-admired business|
More than half of respondents to this week’s RBJ Daily Report Snap Poll chose Wegmans, one of the area’s largest companies, as the most admired business in the Rochester region.
WNY native's invention brought chill to Rust Belt|
For Buffalo, the irony is obvious: Air conditioning was invented here, and it was the singular invention that stimulated exponential growth in the Sun Belt.
Second to none|
In importance to the Rochester-area economy, non-profits today are second to none.
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