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Yearly Archives: 2000

Paychex profits stay the course

Paychex Inc. (NASDAQ: PAYX) announced record net income of $62.1 million, or 16 cents a share, for the quarter ended Nov. 30. This was a 36 percent increase over net income of $45.8 million, or 12 cents a share, for ...

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Veramark signs Avaya contract

Veramark Technologies Inc. today announced it has signed a three-year distribution agreement with Avaya Communication for Veramark’s line of telemanagement and Internet accounting products. Avaya is to sell Veramark’s products through its direct sales force, branch offices and dealer network. ...

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International Paper drops estimates

International Paper, with headquarters in Purchase, today said the slowing U.S. economy, strong dollar and other factors will cut into earnings for the fourth quarter. The company said it now expects earnings in the range of 30 cents a share.

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Judges OK Yacono settlement

U.S. District Court Judge Michael Telesca and Chief Western District Court Bankruptcy Judge John Ninfo II on Wednesday jointly approved a settlement in the Securities and Exchange Commission case against deceased financier Samuel Yacono. Yacono killed himself in 1998 as ...

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Paychex profits stay the course

Paychex Inc. on Wednesday announced record net income of $62.1 million, or 16 cents a share, for the quarter ended Nov. 30. This was a 36 percent increase over net income of $45.8 million, or 12 cents a share, for ...

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FedEx sees earnings increase

FedEx Corp. today said earnings per share increased 18 percent in the second quarter, to 67 cents from 57 cents last year. Net income rose 13 percent to $194 million in the quarter. Revenues increased 7 percent to $4.9 billion ...

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IEC reduces losses

Electronics contract manufacturer IEC Electronics Corp. today announced improved results for both its fourth quarter and year-end. While its fourth-quarter net sales fell 15.3 percent to $41.36 million compared with last year, the company managed to cut its net losses, ...

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IEC reduces losses

Electronics contract manufacturer IEC Electronics Corp. on Wednesday announced improved results for both its fourth quarter and year-end. While its fourth-quarter net sales fell 15.3 percent to $41.36 million compared with last year, the company managed to cut its net ...

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Stocks down on economic warning signs

The Dow Jones Industrial Average fell 224.49 to 10359.88 by early this afternoon, and the NASDAQ was down 165.28 to 2346.43 after several companies indicated they would not meet estimates for earnings, analysts downgraded some firms, and the U.S. Federal ...

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Judges OK Yacono settlement

U.S. District Court Judge Michael Telesca and Chief Western District Court Bankruptcy Judge John Ninfo II today jointly approved a settlement in the Securities and Exchange Commission case against deceased financier Samuel Yacono. Yacono killed himself in 1998 as SEC ...

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Veramark signs Avaya contract

Veramark Technologies Inc. on Wednesday announced it signed a three-year distribution agreement with Avaya Communication for Veramark’s line of telemanagement and Internet accounting products.

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Pakistan withdraws some Kashmir troops

Pakistan today ordered a partial withdrawal of its troops from the border dividing disputed Kashmir with its rival India, the AP reported. The withdrawal order followed an Indian offer to extend by one month a cease-fire with Islamic militants waging ...

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COMIDA OKs abatements for Axxicon

County of Monroe Industrial Development Agency today approved Axxicon Components Rochester Inc. for property-tax abatements through the Jobs Plus program. Axxicon, a manufacturer of plastic precision components, plans to build a 12,900-square-foot addition to its existing manufacturing site at 150 ...

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Midtown breakthrough possible

In what could be a breakthrough in the Midtown Plaza bankruptcy, a Chapter 11 reorganization plan filed by owner Midtown Rochester LLC yesterday calls for the plaza to be turned over to lender Blackacre Bridge Capital LLC. Blackacre has sought ...

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Midtown breakthrough possible

In what could be a breakthrough in the Midtown Plaza bankruptcy, California developer Peter Arnold appears ready to relinquish his claim on the long-troubled facility. Arnold’s Midtown Rochester LLC on Monday filed a Chapter 11 reorganization plan that would turn ...

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