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Today’s Top Stories

IEC profit declines in Q3

IEC Electronics Corp. on Wednesday reported third-quarter earnings that continue to trail 2016. For the quarter ended June 30, the Wayne County electronic contract manufacturing services provider posted net income of $806,000, compared with $1.6 million in the same quarter last year. Diluted ...

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U.S. awards $9 million to whistleblower

The U.S. Department of Justice announced Tuesday PHH Mortgage Corp. has agreed to pay the United States over $74 million to settle claims that loans originated by PHH that were insured by the U.S. Department of Housing and Urban Development’s ...

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Luminate NY now accepting applications

Applications are being accepted for Luminate NY—a business accelerator for optics, photonics and imaging industries in Rochester, Gov. Andrew Cuomo announced Monday. The accelerator is the largest of its kind worldwide. High Tech Rochester Inc. is administering the initiative which ...

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RIT/NTID awarded $2.6 million grant

The National Institute of Health’s National Institute on Deafness and Other Communication Disorders has awarded Rochester Institute of Technology with $2.6 million to study language outcomes for young adults who are deaf, officials said Tuesday. The grant is for a ...

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Index shows small-business job growth slowing

The Paychex | IHS Markit Small Business Employment Watch index of small-business job growth continued to slow in July, while wages continued to rise at a steady pace. “At 99.98, the Small Business Jobs Index slowed for the fifth consecutive month, falling below ...

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Genesee & Wyoming tops earnings expectations

Genesee & Wyoming Inc. last week reported  a drop in earnings, but an increase in revenue. Second-quarter operating revenues increased $39.1 million, or 7.8 percent, to $540.4 million, compared with $501.4 million in the second quarter 2016. G&W’s operating income in ...

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