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Daily Archives: February 14, 2008

LeChase Construction sues owners of Paetec Park

LeChase Construction Services LLC, the prime contractor in the building of Paetec Park, is seeking more than $578,000 in a lawsuit filed against Rochester Rhinos Stadium LLC, the company that owns the soccer stadium. LeChase filed the suit Tuesday in ...

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Fed chairman vows to ‘support growth’

Federal Reserve chairman Ben Bernanke told Congress on Thursday the central bank will act as needed to help the struggling U.S. economy, but it has to be mindful that growth should pick up later in the year, Reuters reported. The ...

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Spitzer to warn Congress of ‘financial tsunami’

The bond insurer problem must be fixed, or else it could become a “financial tsunami” that wreaks havoc on the broader economy, Gov. Eliot Spitzer planned to tell Congress Thursday, Reuters reported. State Insurance Superintendent Eric Dinallo is working with ...

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Home prices experience biggest-ever quarterly drop

Home prices continued their plunge during the last three months of 2007, setting a real estate trade group’s record for the biggest quarterly drop, AP reported. The national median price drop of 5.8 percent, to $206,200 from $219,300, was the ...

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Trade deficit falls after 5 record years

Despite a soaring foreign oil bill and another record deficit with China, the overall U.S. trade deficit declined in 2007 after setting records for five consecutive years, AP reported. The Commerce Department Thursday said the deficit dropped to $711.6 billion ...

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UBS reveals vulnerabilities, stocks tumble

Swiss bank UBS shocked markets with tens of billions of dollars in new exposure to risky U.S. mortgages, leveraged finance and complex securities, dramatically raising its vulnerability to the credit crisis, Reuters reported. The revelations, which included $26.6 billion in ...

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Skooba Design expanding to larger space

Skooba Design, an 8-year-old company specializing in the design and manufacture of carrying cases for laptops and other tech gear, is expanding. The company has outgrown its Henrietta headquarters and is relocating in March to a 20,000-square-foot space in the ...

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Army installs radios made by RF Communications

Harris Corp.’s RF Communications division in Rochester is providing its Falcon III handheld radios to the U.S. Army to extend the communication capabilities of soldiers serving in mountainous and urban environments. The radios provide critical aerial communication links for soldiers ...

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Enpro posts fourth-quarter earnings

Enpro Industries Inc, the parent company of Palmyra-based Garlock Sealing Technologies LLC, posted a fourth-quarter profit Thursday, driven by a reduction in foreign tax rates and lower asbestos-related expenses. Charlotte, N.C.-based Enpro earned $1.8 million, or 8 cents a share, ...

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M&T gets grants to fund housing projects

M&T Bank Corp. has received nearly $670,000 in grants through the Federal Home Loan Bank of New York for six housing projects in Monroe County. The funding will be used to finance the construction or rehabilitation of nine houses and ...

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Search for MCC president narrows

Search committees have identified semifinalists for interviews to become president of Monroe Community College. Five finalists were recommended by committees appointed by the board and the faculty senate, Student Government Association president Dan Elliott confirmed Thursday. The MCC board of ...

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Energetix ups customer base by 75%

Energetix Inc. and NYSEG Solutions Inc. have increased their clean-energy customer base by 75 percent in the last year—to 10,500—the companies said Thursday. The green electricity supply is comprised of 60 percent low-impact hydro energy and 40 percent emission-free wind ...

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Playing in Hawaii is not enough to brighten NFL’s Bore Bowl

All you have to do is say “Super Bowl” and heads turn. It doesn’t matter who you are, where you are or what you are doing. The NFL championship game has achieved legendary status in this country. It has become ...

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WEDNESDAY, FEB. 20 The August Group Networking Meeting—Free—9:30 – 11 a.m.—Bagel Bin Cafe, 2600 Elmwood Ave.—Visitors are welcome—Also offered Feb. 21—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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Energetix ups customer base by 75%

Energetix Inc. and NYSEG Solutions Inc. have increased their clean-energy customer base by 75 percent in the last year — to 10,500 — the companies said Thursday. The green electricity supply is comprised of 60 percent low-impact hydro energy and ...

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