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Daily Archives: October 11, 2007

M&T net income falls in quarter

M&T Bank Corp. on Thursday reported its third-quarter profits dropped 5 percent, missing Street expectations by a dime a share.

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UR fund to aid research collaboration

University of Rochester president Joel Seligman said Thursday he would create a $250,000 fund for interdisciplinary research projects by faculty.

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MONDAY, OCT. 15 Hudson Avenue Business Association Meeting—Free—6 p.m.—Greenshield, 1370 Hudson Ave.—Call James Trybalski at 544-9580 for additional information. TUESDAY, OCT. 16 Tuesdays T.E.A.M. Chapter of Business Network International Meeting—Free—7 – 8:30 a.m.—Canandaigua National Bank and Trust Co., 2075 Monroe ...

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Delphi schedules layoffs

Delphi Corp. plans to lay off roughly 15 percent of its local work force next week, a company spokesman said Thursday.

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Retailers report sluggish September

Several of the nation’s largest retailers cut their earnings forecasts Thursday after lingering summer weather and an uncertain economy kept consumers from shopping last month and left the big merchants with disappointing sales, AP reported. As the store owners reported ...

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Delphi schedules layoffs

Delphi Corp. plans to lay off roughly 15 percent of its local work force next week, a company spokesman said Thursday. Some 180 to 200 of Delphi’s 1,300 Lexington Avenue plant workers will be affected by the temporary layoff, Delphi ...

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The years reveal Rochester as best-kept secret in U.S.

The year was 1977. I had never set foot in New York and had to go to a map to find out where Rochester was. I spent a week driving here from Longview, Wash., to cover the Buffalo Bills for ...

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Tops sold to private equity firm for $310 million

In a deal valued at $310 million, Morgan Stanley Private Equity has agreed to acquire Tops Markets LLC. Ahold USA announced the deal on Thursday. Tops will remain a chain of grocery stores under its new ownership, and it is ...

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UR fund to aid research collaboration

University of Rochester president Joel Seligman said Thursday he would create a $250,000 fund for interdisciplinary research projects by faculty. The fund is a key step toward inspiring creative and important projects across departments, Seligman said. UR has been looking ...

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Forum to explore energy savings

Owners of small businesses can learn ways to reduce energy costs at a forum Wednesday. The event begins at 1 p.m. at Klein Steel Service Inc. on Vanguard Parkway in Rochester. There is no admission fee. Lunch will be served. ...

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M&T net income falls in quarter

M&T Bank Corp. on Thursday reported its third-quarter profits dropped 5 percent. The company missed Street expectations by a dime a share. M&T posted net income of $199 million, or $1.83 a share, down from $210 million, or $1.93 a ...

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Trade deficit drops in August

The U.S. trade deficit fell to the lowest level in seven months, helped by record-high sales of American products, AP reported. The deficit with China declined as imports edged down slightly following a string of high-profile recalls. The Commerce Department ...

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Turkey recalls ambassador to U.S. over genocide bill

Turkey ordered its ambassador in Washington, D.C., to return to Turkey for consultations over the House Foreign Affairs Committee approval of a bill describing the World War I-era mass killings of Armenians as genocide, a Foreign Ministry spokesman said Thursday, ...

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