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Daily Archives: October 9, 2000

Xerox cuts quarterly dividend

Beleaguered Xerox Corp. today cut its quarterly dividend by 75 percent. The move is the first part of a broader management plan to restore long-term value to shareholders and bondholders. Xerox, the world’s No. 1 copier company, has seen its ...

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MONDAY, OCT. 16 RochesterTraining.com-“Understanding and Managing Data”-Presenter: The John D. Hromi Center for Quality and Applied Statistics-$360-8:30 a.m. – 4:30 p.m.-98 Lomb Memorial Dr.-Call Claire Brown, program manager, at 263-3656 to register. RochesterTraining.com-“How to Run and Analyze Surveys”-Presenter: The John ...

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M&T wraps up Keystone acquisition

M&T Bank Corp. today completed the acquisition of Pennsylvania-based Keystone Financial Inc. The Buffalo-based bank (NYSE: MTB) also completed the merger of Keystone’s banking subsidiary Keystone Financial Bank N.A. into Manufacturers and Traders Trust Co., M&T’s principal commercial bank subsidiary. ...

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Kodak names digital-business chief

Eastman Kodak Co. has tapped a former auto industry executive to develop its digital business and direct its venture capital program. Kodak (NYSE: EK) appointed Ted Lewis as senior vice president of digital business development. Lewis previously served as president ...

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RGRTA gets more money for bus facility

The Rochester-Genesee Regional Transportation Authority today said it has secured $2 million in Transportation Bond Act funding for a new central bus facility. The additional funds bring the total federal money currently available for the proposed facility to $16 million. ...

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RGRTA gets more money for bus facility

The Rochester-Genesee Regional Transportation Authority today said it has secured $2 million in Transportation Bond Act funding for a new central bus facility. The additional funds bring the total federal money currently available for the proposed facility to $16 million. ...

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Kodak names digital-business chief

Eastman Kodak Co. has tapped a former auto industry executive to develop its digital business and direct its venture capital program. Kodak (NYSE: EK) appointed Ted Lewis as senior vice president of digital business development. Lewis previously served as president ...

Read More »

M&T wraps up Keystone acquisition

M&T Bank Corp. today completed the acquisition of Pennsylvania-based Keystone Financial Inc. The Buffalo-based bank (NYSE: MTB) also completed the merger of Keystone’s banking subsidiary Keystone Financial Bank N.A. into Manufacturers and Traders Trust Co., M&T’s principal commercial bank subsidiary. ...

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Masi lands Cobblestone Court

Local real estate developer Masi Enterprises Inc. is buying Cobblestone Court in Greece for $1.4 million. Cobblestone Court is an apartment building with 24 luxury units, each with 1,400 square feet. The mortgage for the acquisition was arranged by the ...

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EU lifts oil embargo on Yugoslavia

The European Union today agreed to lift an oil embargo imposed against Yugoslavia. EU foreign ministers agreed to end the oil blockade and lift a theoretical flight ban, but said two other sanctions—financial restrictions and a visa ban—would be removed ...

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Verizon Wireless boosts stake in firm

Verizon Wireless, the No. 1 U.S. wireless telephone services company, today said it would acquire an additional stake in Sacramento Valley LP, a wireless service in Northern California and Nevada. Verizon Wireless expects to pay $236 million for a 24.2 ...

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Poll shows presidential race deadlocked

Republican George W. Bush has virtually eliminated Democrat Al Gore’s lead and the U.S. presidential race now is deadlocked, according to a Reuters/MSNBC poll released today. The poll showed Gore, the vice president, had support from 43 percent of the ...

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Fighting continues as Israeli deadline nears

Israeli troops today fired live rounds and rubber bullets during clashes with Palestinians. The shots come just hours before the expiration of an Israeli deadline for a wave of protests to end, Reuters reported. The death toll has risen to ...

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Xerox cuts quarterly dividend

Beleaguered Xerox Corp. today cut its quarterly dividend by 75 percent. The move is first part of a broader management plan to restore long-term value to shareholders and bondholders. Xerox, the world’s No. 1 copier company, has seen its stock ...

Read More »