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Daily Archives: January 31, 2008

Harris unit signs deal with Phelps firm

Phelps-based Z-Axis Inc. has landed a three-year, $1 million contract with Harris Corp.’s RF Communications division in Rochester. The firm will manufacture an electromechanical sub-assembly that will be incorporated into an RF product. “We’re pleased to be working with Z-Axis, ...

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Kodak bonus to average $3,037

Eastman Kodak Co. said Thursday that its U.S. employees will share a $32.5 million wage dividend, commonly known as the Kodak bonus. That amounts to an average bonus of $3,037. Some 10,700 eligible workers will receive a payment equal to ...

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Report favors adding fewer beds

A report by a task force on the hospital bed needs of the Rochester area appears to clash with the expansions wanted by three local health systems. The report released on Thursday could short-circuit the health systems’ expansion plans, if ...

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Xerox unit to buy Ind. supplier

Xerox Corp.’s Global Imaging Systems will acquire Better Quality Business Systems Inc., of New Albany, Ind., the document company said Thursday. The acquisition continues the Florida-based Global Imaging’s development of a national network of office technology suppliers to serve its ...

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Bank profit jumps nearly 40 percent

Financial Institutions Inc., parent of Five Star Bank, on Thursday reported its fourth-quarter profit jumped 37 percent. Financial Institutions posted net income of $4.1 million, or 34 cents a diluted share, up from $3 million, or 23 cents, a year ...

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First Niagara reports Q4 results

First Niagara Financial Group Inc. on Thursday reported fourth-quarter net income, excluding special items, fell 7.1 percent from a year ago. The bank posted a profit of $19.6 million, or 19 cents a share, down from $23.1 million, or 21 ...

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Help-wanted listings fall in Dec.

Rochester’s help-wanted advertising continued its decline in December, falling to its lowest point in more than two years, the Conference Board Inc. reported. The local index dipped to 10 last month from 12 in November and 12 a year ago. ...

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New rules ease border crossings

Motorists passed easily through border checkpoints Thursday as tougher identification standards for U.S. and Canadian citizens went into effect, without the backups and confusion some travelers had feared, AP reported. People 19 and older now will have to show proof ...

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Schwarzenegger endorses McCain

California Gov. Arnold Schwarzenegger endorsed Sen. John McCain in the Republican presidential race on Thursday, praising him as an extraordinary leader who can reach across the political aisle to get things done, AP reported. McCain predicted a “flood of endorsements ...

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Whirlpool to close plants, cut 1,250 jobs

Whirlpool Corp. said it plans to close two refrigerator plants and cut about 1,250 jobs in a restructuring expected to cost $15 million to $20 million, Reuters reported. The plants to be closed are located in LaVergne, Tenn., affecting about ...

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Amazon to buy online audiobook provider

Internet retailer Amazon.com Inc. said it will buy online audiobook provider Audible Inc. to expand its reach in digital audio content, AP reported. Amazon expects the deal, valued at about $300 million, will help bring to a broader audience Audible.com’s ...

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Consumer spending weakened in December

Consumers increased their spending at the weakest pace in six months while applications for unemployment benefits soared last week, two more signs the economy is weakening, AP reported. The Department of Commerce reported that consumer spending edged up just 0.2 ...

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Like Babe Ruth, Woods is rewriting the record book

Back in the early 1900s, home runs in major league baseball were rare. And most of the time, they really were home runs—that is, literally a run home because fences were so far back, most home runs were inside the ...

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Tooling industry gets $125K boost

The area’s tooling and machining industry is getting a $125,000 federal grant to help with workforce development issues.

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Bills promote Rochester native

Rochester native Peter Guelli is among four members of the Buffalo Bills front office promoted to senior vice president, the National Football League franchise announced Thursday. Guelli, a SUNY College at Brockport graduate, is senior vice president of business ventures. ...

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