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Daily Archives: December 22, 2005

Spectracom buys N.J. equipment firm

Spectracom Corp. closed Thursday on a deal to acquire KSI Corp., a subsidiary of DSPCon Inc. in Bridgewater, N.J., and has raised $500,000 in working capital to support its efforts in telecommunications.

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Citizens appoints new executives

Citizens Communications Co., the parent of Frontier, has appointed a new chairman and a new president. Maggie Wilderotter was named chairman and Jerry Elliott, president.

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Sutherland sued by Labor Department

The U.S. Department of Labor Thursday said it has sued Sutherland Global Services Inc. for alleged violations of the federal Fair Labor Standards Act. The lawsuit charges Sutherland with “willful violations” of the overtime and record-keeping provisions of the FLSA ...

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Kailbourne joins bank board

Erland Kailbourne, a retired executive of Fleet National Bank, has joined the board of Financial Institutions Inc. A former chairman and CEO of Fleet, Kailbourne also served six years as a national bank examiner with the Office of the Comptroller ...

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WEDNESDAY, DEC. 28 Premier Professionals Chapter of Business Network International Meeting—Free—7 – 8:30 a.m.—Hawthorne’s Restaurant, 3500 East Ave.—Visitors are welcome—Also offered Jan. 4—Call Sue Cook at (315) 986-2444 for additional information. The Green Drivers Chapter of Business Network International Meeting—Free—7 ...

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In the print edition: Ferry poll results

Look for the results of the Rochester Business Journal Daily Report snap poll on the future of the fast ferry in the Dec. 23 print edition of the Rochester Business Journal. Nearly 1,300 RBJ Daily Report readers took part.

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Barrick Gold to buy smaller rival for $10.4 billion

Barrick Gold Corp., the world’s No. 3 gold producer, agreed to acquire Placer Dome Inc. after raising its offer for the Vancouver gold producer to $10.4 billion, the companies said Thursday, AP reported. The new offer replaces Toronto-based Barrick’s last ...

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Son of Colts coach dies in Florida

James Dungy, the 18-year-old son of Indianapolis Colts coach Tony Dungy, was found dead in a Tampa-area apartment, police said Thursday, AP reported. No foul play is suspected, but a cause of death is pending an autopsy. James Dungy’s girlfriend ...

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NYC transit workers move toward return to work

Striking bus and subway workers in New York City agreed Thursday to “take steps” to go back to work while their union and the transit authority resume negotiations, a mediator said, AP reported. The deal with the Transit Workers Union ...

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Kailbourne joins bank board

Erland Kailbourne, a retired executive of Fleet National Bank, has joined the board of Financial Institutions Inc. Kailbourne has more than 40 years experience in the financial services industry. Peter Humphrey, FII’s CEO, said in a statement that Kailbourne will ...

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Sutherland sued by Labor Department

The U.S. Department of Labor today said it has sued Sutherland Global Services Inc. for alleged violations of the federal Fair Labor Standards Act. The lawsuit, filed with U.S. District Court for the Western District of New York last week, ...

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Citizens appoints new executives

Citizens Communications Co., the parent of Frontier, has appointed a new chairman and a new president. Citizens Communications (NYSE: CZN) appointed CEO Maggie Wilderotter as chairman and Jerry Elliott as president. Wilderotter, who joined the company on Nov. 1, 2004, ...

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Spectracom buys N.J. equipment firm

Spectracom Corp. today closed on a deal to acquire a New Jersey firm and has raised $500,000 in working capital to support its efforts in telecommunications. The Henrietta company has acquired KSI Corp., a subsidiary of DSPCon Inc. in Bridgewater, ...

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Shareholders approve Maytag’s sale to Whirlpool

Shareholders of Maytag Corp. on Thursday approved the sale of the company to rival appliance-maker Whirlpool Corp. for some $1.79 billion in cash and stock, AP reported. Preliminary totals show 68.5 percent of shareholders approved the merger. If the transaction ...

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