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News and Trends

Lawsuit seeks payout: Case targets losses on health insurance co-op

See correction below. Area health insurers, doctors and hospitals left in the lurch when the state ordered Health Republic Insurance of New York Corp. to cease operations could be in line for a federal payout to offset at least some ...

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Rochester Top 100: A talent supplier to the technology sector

The founders of Wellington Steele & Associates Inc. see Rochester as a region brimming with potential to become a hub of technology, and they hope to be a major force behind it. The consulting and staffing firm has carved out ...

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Agness Wine Cellars sees opening for Finger Lakes riesling

There is a new riesling on the market and the Geneva winery that produced it aims to distinguish itself by adopting a practice known by a French counterpart. Agness Wine Cellars plans to release the first riesling in the Finger ...

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Panelists to give overview of photonics’ potential here

With millions of dollars’ worth of projects in the queue and the potential for hundreds of new local jobs, photonics is poised to be king in the Rochester area. Industry experts will talk about the future of photonics at a ...

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Paychex expected to post solid results

Paychex Inc. is on track for growth, as analysts expect higher earnings and revenue in the company’s quarterly earnings results next week. The Penfield-based payroll and human resources services company is scheduled to release results of its fiscal 2016 third ...

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Wealth manager ready to stake his own claim

William Masucci admits that the last 16 years were a lot of fun. Working as a dedicated wealth manager and adviser for one of the wealthiest families in the region, Masucci helped with everything from arranging generational transfers of assets ...

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August was leader in business, civic affairs

Burton August Sr., who was instrumental in the founding of Monro Muffler Brake Inc., died March 18. He was 100. Mr. August was born April 5, 1915, in Rochester. His father was a German immigrant who came to the United ...

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RIT rises among game design schools

Rochester Institute of Technology has moved up the ranks as a school with one of the top video game design programs in the world, as listed by the Princeton Review. RIT’s game design and development program was ranked third at ...

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Anti-Poverty Initiative, city eye Urban Village

The Rochester-Monroe Anti-Poverty Initiative is moving from planning to action. The city of Rochester this week announced a partnership with the coalition to build an Urban Village concept in three city neighborhoods, emphasizing a number of the priorities set forth ...

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Rochester Top 100: Company’s chips used across the Internet

top100_xelic

When average users go online they likely are not thinking about Perinton-based Xelic Inc. But Xelic has thought about them. The company designs chips that are being used across optical transport networks nearly every time a person goes online. “When ...

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Area reaps clean energy initiative funding

A clean energy initiative that has raised $215 million statewide has seen more than 25 percent of that capital investment come in the Rochester area. Venture Creations, in partnership with Rochester Institute of Technology, has raised more than $55 million ...

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Valeant shares plunge on default risk

Valeant Pharmaceuticals International Inc.’s shares plunged to their lowest point in months on Tuesday after Bausch & Lomb Inc.’s parent said delay of its annual report is putting it in danger of defaulting on bonds. Valeant stock (NYSE: VRX) on ...

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Area graduate schools among best

U.S. News & World Report released its rankings of the 2017 best graduate schools for business, engineering, medical and nursing programs. The Rochester area boasts four institutions on the lists. The University of Rochester was named in six categories: 39th, ...

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Darien Lake seeking to fill 2,000 positions

Darien Lake Theme & Water Park Resort is looking to fill 2,000 positions across its operations, including amusement park, water park, lodging, entertainment, food and retail departments.

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Harry Voss recalled warmly at Diamond

When employees were feeling particularly stressed at Diamond Packaging Co. back in the day, David Rydell would ask Harry Voss to take what they called a whistle-stop tour. On those tours, Mr. Voss, the former chairman and CEO of the ...

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