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Daily Archives: August 2, 1996

Bond-rating game is more about performance than odds

“It is extremely important. In the financial world, there are few things more sacred than a bond rating. There are only 10 companies in the world that qualify for Aaa from Moody’s (Investors Service Inc.),” says Stephanie Webster, senior financial ...

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U.S., Japan reach chip accord

Details are still sketchy, but officials from the United States and Japan say they have reached agreement regarding a semiconductor trade dispute between the two countries. Despite intense efforts, negotiators fell just short of meeting the July 31 deadline, the ...

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PSC’s second quarter
sends stock tumbling

PSC Inc.’s stock took a nosedive following the firm’s report of lower-than-anticipated earnings for the second quarter. PSC stock fell as low as $7 a share Wednesday morning, down from a Tuesday close of $8.75. Its results were released after ...

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Kodak to sponsor
BBB online service

Eastman Kodak Co. has signed on as a founding sponsor of a new online Better Business Bureau data base. The service, called BBBOnline, was developed by the Council of Better Business Bureaus and launched at an interim World Wide Web ...

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H.J. Meyers chief contends
firm caught in rule changes

“Our reputation, our image has not caught up with reality,” James Villa complains. “We are not a penny-stock underwriter.” H.J. Meyers & Co. Inc., the Rochester- based stock brokerage and investment banking house Villa heads, last week was hit with ...

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Farmers angered by likely
ruling in trade dispute

Some area farmers are becoming increasingly disillusioned with the North American Free Trade Agreement and other international-trade pacts, especially after a recent tariff dispute with Canada. “Our farmers supported NAFTA, but these aren’t the rules we agreed to,” said John ...

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Construction start set for
HTR incubator project

A meeting last week nailed down final details for High Technology of Rochester Inc.’s long-awaited incubator project. Construction is set to begin in early September and is slated for completion by next summer, said Kevin Kelley, HTR’s executive director. Until ...

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PTI expects profit streak to continue

Halfway through its first year as a public company, Performance Technologies Inc. is expected to log another profitable quarter when it releases earnings on Monday. “I’m pretty happy with the way they’re proceeding,” said Greg Mesniaeff of the Robinson-Humphrey Co. ...

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St. Mary’s, Park Ridge proceed with merger

A tentative agreement laying out the terms of a merger between St. Mary’s Hospital and Park Ridge Health System Inc. offers a glimpse of what insiders say all the area hospital systems could look like in a few years. If ...

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Proposals await shareholders’ vote

CPAC Inc. shareholders will vote on the following proposals at next Wednesday’s annual meeting, to be held at 11 a.m. at the Genesee River Hotel in Mount Morris: –To elect five directors, including Thomas Hendrickson, CPAC president and CEO; Robert ...

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Growth-minded CPAC Inc.
seeks OK to increase shares

CPAC Inc. is on the prowl for purchases–and needs the muscle to make them. To get it, the acquisition-hungry firm is asking shareholders at next Wednesday’s annual meeting to boost the number of shares it can wield for such moves, ...

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ACC chief Aab launches N.C. local-phone venture

The chairman of ACC Corp. has started a new telecom venture in North Carolina. Richard Aab, who founded ACC as a long-distance reseller in 1982, is one of two officers of US LEC of North Carolina LLC, a company that ...

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News in Brief

Realtor seeks protection The Prudential R.J. Russell Realtors has filed a Chapter 11 bankruptcy petition. R.J. Russell principal broker Richard Russell said he has asked some 80 licensed agents who had worked for him to relocate to other offices. Founded ...

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Credit Unions

CREDIT UNIONS (Ranked by total assets) 1. The Summit Federal Credit Union 100 Marina Drive Canal Ponds Business Park Rochester, N.Y. 14626 453-7000 Total Assets as of 12/21/95 ($000): $160,926 Total Loans as of 12/31/95 ($000): $140,206 Total in Share ...

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Stock Performance

ACC Corp. (O-ACCC) 55.00 53.00 2.00 3.8 LOSS -0.76 0.12 15.75-57.00 BCE Inc. (N-BCE) 39.25 40.00 -0.75 -1.9 LOSS -2.44 2.72 30.38-41.38 Bausch & Lomb Inc. (N-BOL) 35.00 37.13 -2.13 -5.7 18.04 1.94 1.04 32.25-44.50 CPAC Inc. (O-CPAK) 10.00 10.63 ...

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