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Monthly Archives: January 2001

Financial Institutions boosts profit

Warsaw-based Financial Institutions Inc. today reported its fourth-quarter net income increased 12.7 percent to $4.69 million compared with $4.17 million a year ago. Net income for the year rose to an all-time high of $18.1 million, a 13 percent increase ...

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Financial Institutions boosts profit

Warsaw-based Financial Institutions Inc. Tuesday reported its fourth-quarter net income increased 12.7 percent to $4.69 million compared with $4.17 million a year ago. Net income for the year rose to an all-time high of $18.1 million, a 13 percent increase ...

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Corning to buy Tropel for $190 million

Corning Inc. has agreed to acquire Tropel Corp. in a deal totaling $190 million. Fairport-based Tropel, which employs some 170 people, will become a wholly owned subsidiary of Corning. The local company will be known as Corning Tropel, and John ...

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Corning to buy Tropel for $190 million

Corning Inc. has agreed to acquire Tropel Corp. in a deal totaling $190 million. Fairport-based Tropel, which employs some 170 people, will become a wholly owned subsidiary of Corning. It will operate as a unit of Corning’s semiconductor-materials business within ...

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Pro-Fac closing AgriFrozen facilities

AgriFrozen Foods Inc., an Oregon-based subsidiary of locally based Pro-Fac Cooperative Inc. (Nasdaq: PFACP), is closing its frozen-vegetable facilities in Oregon and Washington. The move lays off 600 of Pro-Fac’s 6,100 full-time employees, but does not affect any local employees, ...

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Sales of hands-free cell phones rise

Roughly 60 percent of new Verizon Wireless customers in Upstate New York are opting for hands-free devices. Headsets and hands-free kit sales also have increased by 30 percent in the region. Sales of the firm’s voice-activated dialing service have increased ...

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California buys power from Canada

California, under threat of more power outages, today bought emergency electricity from Canada, and turned to the federal government for further help in assuring reliable power supplies.

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Markets await Greenspan’s address

U.S. Treasuries climbed today on expectations that Federal Reserve chairman Alan Greenspan will continue to slash interest rates. The Fed chief is slated to address the Senate Budget Committee on Thursday.

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Bush sends education plan to Congress

President George W. Bush today offered his education reform plan to Congress. The plan would require annual testing of every child in reading and math, and give federal aid to help students in failing schools get private schooling. Bush urged ...

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Britain OKs cloning of human embryos

Britain’s House of Lords today backed new government rules to allow limited cloning of human embryos. The approval clears the way for the rules to become law. Religious leaders had urged the government leaders to oppose the measures. It would ...

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Tender offer for DSI shares completed

Bosch Security Systems Corp. today said it has completed a tender offer for Detection Systems Inc.’s stock (NASDAQ: DETC), accepting some 6.2 million shares as part of a merger deal announced in December. Valued at $18 a share, the stock ...

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Effort to fund optics Center of Excellence launched

Gov. George Pataki and U.S. Sen. Charles Schumer today were joined by executives from Eastman Kodak Co., Corning Inc. and Xerox Corp. to begin a campaign to raise $75 million in private-sector investment for the governor’s plan to establish a ...

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Monroe Graphics installs KPG line

Eastman Kodak Co. officials today joined with Monroe Graphics Inc. officials for the first installation of a Kodak Polychrome Graphics CTP-1 processing line in North America. KPG is a Connecticut-based joint venture of Kodak and Sun Chemical Corp. Monroe Graphics ...

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Survey reveals views on clinical trials

A national study by Harris Interactive Inc. found that 85 percent of cancer patients were either unaware or unsure that clinical trials encouraged patient participation. The survey also showed 97 percent of those who participated in clinical trials rated it ...

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Gillette taps former Nabisco head as CEO

Consumer products giant Gillette Co. has named James Kilts, former head of Nabisco Holdings Corp., as chairman and chief executive officer. It is the first time since 1931 that the century-old firm has tapped an outsider as chairman, company officials ...

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