West Group to expand
West Group plans to expand its Rochester operations by 16 percent as it takes on projects for the firm’s North American business.
The Minnesota-based company plans to add more than 100 employees here to staff new editorial and technology positions. The jobs are slated to be added to its downtown facilities.
West Group-Rochester employs 550 staffers here.
“We are hiring attorney editors, manuscript editors, software developers and software architects,” said Jean Maess, vice president of topical and jurisdictional practice for West Group-Rochester.
Harris to buy back stock
Harris Interactive Inc. plans to repurchase $5 million worth of its stock.
The repurchase program will be completed through open-market purchases or privately negotiated transactions.
“We are repurchasing our stock both because we believe that this action will benefit our shareholders and because we can use the additional stock as part of future acquisitions,” said Gordon Black, chairman and CEO of Harris Interactive.
Hahn faces delisting
In spite of posting increased earnings for its latest quarter and recently ended fiscal year, Hahn Automotive Warehouse Inc. faces the possibility of its stock being dropped from the NASDAQ exchange.
The company reported sales for the quarter ended Sept. 30 were down 6 percent to $31.69 million compared with the same period last year. Net income, however, rose 93 percent to $622,000, or 13 cents a share.
Annual sales were down 4 percent to $125.58 million from last year, but net income rose 177 percent to $776,000, or 16 cents a share.
IEC earns contract
IEC Electronics Corp. has signed an agreement with Kenetec Inc. to provide the broadband access company with a host of services.
The deal relates to IEC working with the Connecticut-based Kenetec to develop infrastructure products for use in the multitenant market.
IEC, based in Newark, Wayne County, is to undertake nearly all phases of the product’s development, from design to prototyping, testing, assembly and systems building.