Morelle to back Heastie for speaker
Assemblyman Joseph Morelle will not seek the state Assembly speaker position. Morelle, D-Irondequoit, the Assembly majority leader, said in a statement late Friday morning he will back Assemblyman Carl Heastie, D-Bronx. Morelle was one of several candidates vying to succeed Assembly Speaker Sheldon Silver, who is facing federal corruption charges.
Xerox shares slide as Q4 revenues slump
Shares of Xerox Corp. were down Friday afternoon after the company reported a drop in fourth-quarter revenues as growth on the services side of the business was offset by a drop in sales from its document technology segment.
Poverty in city a major problem, most say
More than 75 percent of respondents to this week’s Rochester Business Journal Daily Report Snap Poll say poverty in the city of Rochester is a major problem for the entire region.
Graham reports big jumps in net income, sales
Graham Corp. reported increases in third-quarter profit as revenues rose domestically and globally.
Grand Cru Chocolates and Nuts set to open Monday
After nearly 40 years in business, the Nut House has new owners, a new location and a new name—Grand Cru Chocolates and Nuts Inc. The specialty shop plans to open at its new site Monday.
Bank of Finger Lakes parent reports income dip in Q4
USNY Bank Inc., parent of the Bank of the Finger Lakes in Ontario County, reported a slight dip in income for the fourth quarter, but a rise in annual net income for 2014.
Schumer urges Navy to fund partnership with RIT
Sen. Charles Schumer is calling on the Department of Defense to provide funds for an ongoing project at Rochester Institute of Technology that rehabilitates and upgrades equipment for military personnel.
HCL Technologies' Q2 net income rises 27 percent
India-based HCL Technologies Ltd. posted a net income of $307.5 million in its second quarter—a 27.3 percent increase from $241.6 million a year ago.