- Cuomo speaks out against acquisition of First Niagara by Key Bank
The proposed acquisition of First Niagara Financial Group Inc., the holding company for First Niagara Bank, by KeyCorp has a new and powerful opponent. On Wednesday, Gov. Andrew Cuomo released a statement requesting that federal officials block the proposed merger, citing what he said would be a “devastating impact on consumers and businesses in Upstate New York.”
- Broadstone buys Va. building leased by Wegmans
Broadstone Net Lease Inc., a private real estate investment trust managed by Broadstone Real Estate LLC, has acquired a property in Sterling, Va. tenanted by Wegmans Food Markets Inc. in a $27 million deal.
- Monroe County among top counties in N.Y. for solar jobs
Monroe County is among the top 10 counties statewide for its number of solar jobs, a new report from the Solar Foundation shows, and New York State ranks fourth in the country.
- Ohio man sentenced to jail for email scam of Dansville lawyer
An Ohio man convicted of stealing nearly $250,000 in an email spoofing scheme that temporarily fooled a local lawyer drew a 46-month prison term in a Rochester U.S. District Court last week.
- Lawmakers call for Rochester Craft Beverage Trail
Legislation was brought forward Tuesday to designate a Rochester Craft Beverage Trail along portions of the state and local highway system. The legislation was brought forth by Assembly Majority Leader Joseph Morelle, D-Irondequoit, and Sen. Rich Funke, R-Perinton.
- Sands family gives $61 million to Community Foundation
The Sands family is making a $61 million investment in the Rochester area. Brothers Richard and Robert Sands, along with their mother Mickey, have made the largest gift in the 44-year history of the Rochester Area Community Foundation to create the Sands Family Supporting Foundation at the Community Foundation.
- Final defendant pleads guilty in LDC case
After pleading guilty in Monroe County Court on Tuesday to grand larceny and bid rigging, businessman Daniel Lynch is expected to draw a two and one-third to seven-year prison term and pay $600,000 in fines and restitution.
- Genesee & Wyoming reports drop in Q4 earnings
A strong U.S. dollar, a collapse in commodities prices and a shift from coal to natural gas negatively affected Genesee & Wyoming Inc.’s fourth-quarter earnings, the company reported Tuesday.
Readers weigh in on Xerox split|
The majority of respondents to this week’s RBJ Daily Report Snap Poll say Xerox Corp.’s plan to split into two public companies is a positive for shareholders but a negative for Rochester-area employees.
Startups on the rise|
There has been a notable increase in fledgling businesses.
Cheap oil will not help us anytime soon|
We may just need to hunker down and accept short-term instability in both the energy sector and in financial markets.
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- See the best bets for things to do this week in Rochester. Plus, the complete Explore listings.Rick Woodson - 1940-2013. Learn about the life and career of RBJ's longtime, award-winning columnist.
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