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Yearly Archives: 2000

Baseball’s caste system is sure to kill the game

News item: Baseball commissioner Bud Selig proposes a “competitive balance draft,” by which the eight teams with the lowest winning percentage over a three-year period would be able to take players from the eight teams with the highest winning percentage ...

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Investing in tomorrow’s technology

Suppose you knew, in 1950, how computers and information technology would evolve in the next 50 years. Would it have made economic sense to invest in institutions that did research and development in computing-related fields? Of course. This technology propelled ...

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Online shopping rises sharply, but e-retailing challenges remain

Online holiday purchases are rising, research studies by Harris Interactive Inc., U.S. Bancorp Piper Jaffray Inc. and the Boston Consulting Group Inc. show. A joint study by Harris Interactive and U.S. Bancorp found that U.S. shoppers in November spent an ...

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People

The Rochester Business Journal welcomes black-and-white photos with press releases three weeks before desired publication date. Prints of digital photos cannot be used, however. If you would like your photos returned, please include a stamped, self-addressed envelope. Charles Edmonson has ...

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Bankruptcies

Samuel Cino, dba Professional Mortgage Group Address: 445 Thrushwood Lane, Webster, N.Y. 14580 Liabilities: $326,332.00 Assets: $170,185.00 Lawyer: Louis Ryen Chapter: 7 Date filed: Dec. 14 Index number: 00-23729 Efthimios Karpidis, formerly dba Lilac City Family Restaurant Address: 18 Blackwatch ...

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Windsor Street puts creative people on front line

There are no account executives at Windsor Street Design Associates Inc. Originally a pure design studio, the firm has evolved into a full-service advertising agency, devoid of account managers-a traditional staple at most ad shops. “We don’t have the kinds ...

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Blue Cross Arena Events

1. Event/Performer(s): Section V Basketball Finals Attendance: 27,533 Type of Event: Sporting event Date of Event: Feb. 28, 2000 – March 8, 2000 Promoter(s): The New York State Public High School Athletic Association, Section V Ticket Price(s): $3.00-$5.00 2. Event/Performer(s): ...

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Restoring the details of the past

When Eric Field goes to work every morning, he also travels back in time. At least it seems that way. As the North Rose businessman behind Old House Restoration, Field specializes in restoring landmark properties in the Rochester area to ...

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Natural Wonders closes Internet operations here

Natural Wonders Inc., the new owner of World of Science Inc., has closed its local Internet division and filed for bankruptcy. The Internet operation, which was expected to provide the e-commerce service worldwide for the California-based company, employed 14 workers. ...

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Twelve months of shifting fortunes for area firms

A year that began with millennium fever and fear of the Y2K computer bug is coming to a close with more prosaic concerns revolving around a slowing economy. The top Rochester business news stories of the past 12 months-a mixed ...

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Newly focused, IEC Electronics slows its losses

As part of a multiyear effort to combat losses and improve its balance sheet, IEC Electronics Corp.’s leaders have refocused the manufacturer on new markets-virtually abandoning its once-booming personal computer business. The contract manufacturer began its remake in 1996, involving ...

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News in Brief

NetSetGo cuts jobs NetSetGo Inc. last week reduced its local work force by some 21 employees and reined in its rapid expansion. The e-business firm has 124 employees in Rochester and 240 overall. The workforce reductions were intended to cut ...

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Departing execs add to upheaval at ailing company

Mary Quin’s early retirement was only one in a series of high-level departures from Xerox Corp.’s executive ranks in 2000. Others included the firing of CEO Richard Thoman. Company officials declined to provide a list of senior executive departures, but ...

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Choice of Words

In late 1992, the federal government released a series of upbeat economic reports. Among other things, the numbers showed durable-goods orders were at the highest level in a year, consumer confidence had posted a sharp rebound and economic growth was ...

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Persistent entrepreneurs still able to find capital

When the dot-com boom went bust last spring, venture capitalists lost some of their bravura, along with a few billion dollars. But there are still investors out there looking for strong businesses with solid, experienced management and potential for growth. ...

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