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Monthly Archives: January 2001

Grocer offers self-checkout system

Independent grocer Hilton Big M has become one of the first area supermarkets to offer customers a self-checkout system. The store follows a fellow independent supermarket, Bob’s Big M, in Wolcott, Wayne County, in adopting the automated systems.

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Nortel rolls out new Internet products

Nortel Networks Corp. Tuesday unveiled products and technology as part of its personal Internet initiative, which it hopes will ignite a global “content boom” and create long-term revenues for service and content providers. Nortel, based near Toronto, has operations in ...

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IEC boosts sales, narrows loss

Electronics manufacturer IEC Electronics Corp. Tuesday reported first-quarter results that show progress in the company’s efforts to return to profitability. IEC’s net sales increased 36 percent to $59.7 million, compared with $43.8 million a year ago.

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B&L shares slide after downgrading

Bausch & Lomb Inc.’s stock retreated Tuesday after being downgraded by Lehman Brothers Inc. The investment firm dropped its rating on the stock to market perform following Bausch & Lomb’s fourth-quarter earnings report. Lehman Brothers also lowered its 52-week target ...

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B&L shares slide after downgrading

Bausch & Lomb Inc.’s stock was down more than 2 percent today after being downgraded by Lehman Brothers Inc. The investment firm dropped its rating on the stock to market perform following Bausch & Lomb’s fourth-quarter earnings report. Lehman Brothers ...

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IEC boosts sales, narrows loss

Electronics manufacturer IEC Electronics Corp. today reported first-quarter results that show progress in the company’s efforts to return to profitability. IEC’s net sales increased 36 percent to $59.7 million, compared with $43.8 million a year ago. The net loss for ...

Read More »

Nortel rolls out new Internet products

Nortel Networks Corp. today unveiled products and technology as part of its personal Internet initiative, which it hopes will ignite a global “content boom” and create long-term revenues for service and content providers. Nortel, based near Toronto, has operations in ...

Read More »

Grocer offers self-checkout system

Independent grocer Hilton Big M has become one of the first area supermarkets to offer customers a self-checkout system. The store follows a fellow independent supermarket, Bob’s Big M, in Wolcott, Wayne County, in adopting the automated systems. “The self-checkout ...

Read More »

Cheney to lead energy task force

Concerned that California’s energy crisis is spreading to neighboring states, President George W. Bush put Vice President Dick Cheney in charge of a federal task force created to fight high energy prices and reliance on foreign oil.

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Federal Reserve expected to cut rates

The U.S. Federal Reserve Board today began a two-day meeting amid widespread expectations that it will cut interest rates by another 0.5 percentage point to boost the world’s largest economy. An announcement on the interest rates is due Wednesday.

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Cuomo to run for N.Y. governor’s office

Andrew Cuomo, a former Clinton appointee and son of former Gov. Mario Cuomo, plans to run for the New York governor’s post, the New York Times reported today. His candidacy sets up what is expected to be a hotly contested ...

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TUESDAY, FEB. 6 HR Works Inc.-“Human Resource Fundamentals for Supervisors: Interview Skills,”-$50- 8:30 to 11:30 a.m.-HR Works training facility, 345 Woodcliff Drive, Fairport-Call 381-8340 x10 for additional information. Industrial Management Council Training Session-“Benefits Administration”-$190 members, $260 non-members-8:30 a.m. – 4:30 ...

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Torvec tables preferred-stock plan

Automotive technology developer Torvec Inc. has dropped its plans to issue preferred stock. In a letter to shareholders, President Keith Gleasman said that because of “intense third-party interest” in the company that could lead to a licensing deal, joint venture ...

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Fresnel to acquire California firm

Fresnel Optics Inc. has agreed to acquire California-based Wavelength Optics in a move to launch its Reflexite instrumentation optics. Fresnel is a wholly owned subsidiary of Connecticut-based Reflexite Corp. The financial details of the deal were not disclosed.

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B&L chief for Americas resigns

Bausch & Lomb Inc. is hunting for a new president for its Americas region. The search follows the resignation of Hakan Edstrom, who stepped down to pursue other opportunities, company officials said.

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