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Daily Archives: October 18, 2007

Xerox’s lower profit tops expectations

Xerox Corp. beat Wall Street expectations by a penny this morning, reporting a profit of 27 cents a share on sales of $4.3 billion for the third quarter. But earnings fell 53 percent from last year’s quarter to $254 million.

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WEDNESDAY, OCT. 24 The August Group Networking Meeting—Free—9:30 – 11 a.m.—Bagel Bin Cafe, 2600 Elmwood Ave.—Visitors are welcome—Also offered Oct. 25—Call Tracey Aiello at 259-0610 for additional information. The Early Birds Chapter of Business Network International Meeting—Free—7 – 8:30 a.m.—The ...

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Jobless rate holds steady

The Rochester-area economy was little changed in September, with a year-over-year increase in jobs and a slight increase in the unemployment rate.

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Wilson Foundation awards grants

The Marie C. and Joseph C. Wilson Foundation has awarded $416,500 to 54 Rochester organizations as part of its small-grants program.

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Bank income plummets 32 percent

Bank of America Corp. on Thursday reported a 32 percent drop in third-quarter net income. The company’s profit fell 24 cents short of Street expectations.

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Carestream inks deals

Carestream Health Inc. has signed contracts to supply medical-information management systems to health care facilities around the world.

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Carestream inks deals

Carestream Health Inc. has signed contracts to supply Kodak Carestream PACS and Kodak Carestream RIS medical-information management systems to nine U.S., European and Pacific Rim health care facilities. Information-system purchasers include the University of Rochester Medical Center, which added archiving ...

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Bank income plummets 32 percent

Bank of America Corp. on Thursday reported a 32 percent drop in third-quarter net income. The company’s profit fell 24 cents short of Street expectations. The Charlotte, N.C.-based bank reported net income of $3.7 billion, or 82 cents a share, ...

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Element K names Krause CEO; Hoffman leaves for iJET

Element K, acquired a little more than a year ago by an Indian e-learning firm, has a new CEO. Paul Krause, president since last October, has been named chief executive to replace Stephen Hoffman, who held that role since 2004, ...

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Law firm opens U.K. office

Nixon Peabody LLP has opened an office in London. The seven-attorney London branch is operating under an affiliate, Nixon Peabody International LLP, the law firm said. Staff includes three U.K.-qualified partners whose practices center on leveraged and project finance and ...

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Wilson Foundation awards grants

The Marie C. and Joseph C. Wilson Foundation has awarded $416,500 to 54 Rochester organizations as part of its small-grants program, officials said. The grants, ranging from $2,500 to $25,000, were given to organizations that can influence positive change in ...

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Jobless rate holds steady

The Rochester-area economy was little changed in September, with a year-over-year increase in jobs and a slight increase in the unemployment rate. The area’s jobless rate last month was 4.2 percent, unchanged from August but up from 4.1 percent a ...

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House Democrats fail in push to beat veto

House Democrats failed Thursday to override President George Bush’s veto of their pre-election year effort to expand a popular government health insurance program to cover 10 million children, AP reported. The bill had bipartisan support but the 273-156 roll call ...

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