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Daily Archives: October 23, 2000

Kodak streamlines corporate structure

Eastman Kodak Co. today outlined a streamlined corporate structure that includes two new executive vice presidents and a new head of its Health Imaging business. Kodak, which saw its stock plummet after a difficult third-quarter, plans to simplify its organization ...

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Xerox plans job cuts, restructuring

Xerox Corp. today said it plans to cut jobs, sell assets and reduce costs as part of a companywide restructuring. Xerox outlined a turnaround program that includes cutting $1 billion in costs, and selling assets expected to raise $2 billion ...

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TUESDAY, OCT. 31 RochesterTraining.com-“Writing Proposals That Win”-Presenter: RGI International-$150-8:30 a.m. – 12:30 p.m-55 St. Paul St.-Call Claire Brown, program manager, at 263-3656 to register. Genesee Valley Safety Conference-“Electrical Safety Excellence”-Speaker: Ray Jones-$150-8 a.m. – 4 p.m.-Gateway Conference Center, 831 W. ...

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Online shopping declines in September

Online shopping cooled off last month September. A study conducted by Harris Interactive Inc. and U.S. Bancorp Piper Jaffray shows online shoppers spent 12.8 percent less in September than in August.

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B&L links with LASIK patent holder

Bausch & Lomb Inc. is partnering with the inventor and key patent holder of the LASIK method of eye surgery to develop new technology. The partnership was one of two moves made announced over the weekend by the eye-care company. ...

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Corning’s quarterly profit soars

Corning Inc.’s third-quarter profits more than doubled amid surging demand for optical fiber and components used in communications networks. The fiber-optic maker, which is establishing a facility here in Henrietta, expects earnings to grow some 25 percent next year.

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RGS earnings slip in third quarter

Profits dipped some 17 percent during the third quarter at RGS Energy Group Inc. The energy company today reported third-quarter earnings of $14 million, or 38 cents a share, versus earnings of $16.9 million, or 44 cents a share, a ...

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RGS earnings slip in third quarter

Profits dipped some 17 percent during the third quarter at RGS Energy Group Inc. The energy company today reported third-quarter earnings of $14 million, or 38 cents a share, versus earnings of $16.9 million, or 44 cents a share, a ...

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Corning’s quarterly profit soars

Corning Inc.’s third-quarter profits more than doubled amid surging demand for optical fiber and components used in communications networks. The fiber-optic maker, which is establishing a facility here in Henrietta, expects earnings to grow some 25 percent next year. Corning’s ...

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B&L links with LASIK patent holder

Bausch & Lomb Inc. is partnering with the inventor and key patent holder of the LASIK method of eye surgery to develop new technology. The partnership was one of two moves made announced over the weekend by the eye-care company. ...

Read More »

Online shopping declines in September

Online shopping cooled off last month September. A study conducted by Harris Interactive Inc. and U.S. Bancorp Piper Jaffray shows online shoppers spent 12.8 percent less in September than in August. The poll of 36,768 adult online shoppers indicates consumers ...

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Barak, Sharon fail to reach pact

Israeli Prime Minister Ehud Barak and Ariel Sharon today failed to agree terms for an emergency unity government. However, additional talks are expected to take place tomorrow.

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U.S., North Korea hold “substantial” talks

Secretary of State Madeleine Albright today held historic talks with North Korean leader Kim Jong-il. U.S. officials described the discussions in Pyongyang as “substantial.” The U.S. delegation previously had expected only a brief meeting between Albright and Kim.

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GE purchase of Honeywell wins support

Investors today signaled support for General Electric Co.’s plan to acquire Honeywell International Inc. for some $43 billion in stock. GE’s shares were trading only marginally lower. Shares of corporate acquirers almost slip when a deal is announced, reflecting concern ...

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Lucent ousts chairman, issues profit warning

Telecommunications equipment maker Lucent Technologies Inc. today ousted Chairman and CEO Rich McGinn, replacing him with former chairman Henry Schacht. The company also slashed its sales and profit estimates for the first quarter of 2001. Lucent has cut its growth ...

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