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Daily Archives: July 26, 1996

FSBOs market offers ripe opportunities for Realtors

The National Association of Realtors research department produces some outstanding publications for use by real estate professionals. One of the more recent ones is entitled “Targeting Prospective Homebuyers and Homesellers.” This report, which is based on extensive survey work with ...

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Strong Memorial workers
ratify two-year deal

Strong Memorial Hospital employees have ratified a new two-year contract and canceled a one-day strike originally called for Monday. Nearly 900 hospital and University of Rochester Medical Center staff are covered by the agreement reached with Local 1199-Rochester. It is ...

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Write-offs, zoning breaks prompt property donations

So he decides to give the building to a non-profit agency. Now, says Louis D’Amato, a local real estate attorney who cites this example, instead of owing tax on $9 million, the owner gets a tax deduction of $10 million ...

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In closing commercial deals, expect obstacles, a long wait

When he first started selling commercial real estate, Allan Moore went more than a year without earning a penny. Later in his career, Moore–a principal of Moore & Associates Inc. in Rochester–devoted 18 months to a single deal that finally ...

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County to privatize area golf courses

Monroe County has chosen Jack Tindale, the pro at Genesee Valley Golf Course, to take over operations of the county’s three public courses. “This is a classic case where government needs to get out and let business handle it,” said ...

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Some health care reps upset with state budget

Rochester hospitals and insurers were generally pleased with the health care-reform measures in the new state budget, but long-term-care providers are frustrated. “There was truly nothing positive in the way of new initiatives and a continuation of all the bad,” ...

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Former Sayett changes stock listing, closes financing deal

The transformation of the former Sayett Group Inc. continues. The company last week received formal approval from NASDAQ to change its stock listing to Spatialight Inc., trading under the symbol SLHT. The company, which moved its headquarters from Rochester to ...

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Former Scientific Radio
CFO guilty of charges

Former Scientific Radio Systems Inc. chief financial officer Thomas Herstine has pleaded guilty to embezzling more than $40,000 from the financially troubled Rochester company. He is scheduled for sentencing Oct. 10. Herstine did not personally pocket the funds–taken from employees’ ...

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Bausch to unload Steri-Oss, partner with InSite Vision

Bausch & Lomb Inc. is selling its dental-implant business to Finisterre Fund, a health care investment company. Senior managers at the dental subsidiary, Steri-Oss Inc., also are participants in the purchase agreement and will become part owners of the company ...

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Frontier rings up record numbers for second quarter

Spurred by its booming long-distance business, Frontier Corp. cranked out record-breaking profits and revenues for the second quarter, marking the telecom firm’s 17th consecutive quarter of double-digit earnings growth. Net income jumped to $69.2 million or 42 cents a share, ...

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Canandaigua Wine forms own PAC

Canandaigua Wine Co. Inc. has formed its own political action committee. James Finkle, vice president for grower relations, said the company last fall decided to form a PAC and see how much money comes in. Then, the company will decide ...

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Former employees allege Kodak denied valid benefits claims

WILL ASTOR Rochester Business Journal Eastman Kodak Co. is systematically denying insurance benefits to long-term- disabled former employees, a local attorney claims. Lawrence Heller earlier this month filed suits in federal district court in Rochester on behalf of two ex-Kodak ...

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More employers exploring self-insurance option

Preferred Care president John Urban looked down at his desk a few weeks ago and saw papers from five of the larger employers in Rochester. All were seriously considering self-insurance. For years, several companies locally have used internal pools to ...

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PSC keeping quiet on all fronts

PSC Inc. is parrying its competitor in court. It closed a monster merger this month. And the Webster firm is counting coins for a second-quarter earnings release next week. Despite this bustle, the maker of bar-code-scanning systems remains mostly mum ...

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RTS among those owed millions by coin outfit

A Buffalo-based coin-processing company appears to have substantially shortchanged the Regional Transit Service Inc. in 1995 and 1996. Just how much the Rochester-area bus company could be out is not clear, but papers in a bankruptcy proceeding filed last month ...

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