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Monthly Archives: February 2008

Toys ‘R’ Us sets stricter toy safety standards

Toys ‘R’ Us will soon have stricter safety standards for the products it sells in its more than 1,500 stores, AP reported. Beginning March 1, the toy retailer is setting a much tighter standard for the amount of lead allowed ...

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Newspaper chains unite to create online ad network

Four major newspaper publishers have created an online advertising sales network in the latest industry attempt to claw back ad dollars that are increasingly migrating to the Internet, AP reported. Gannett Co. and Tribune Co., the largest and second-largest publishers ...

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Rochester-area home sales rise, median prices drop

Sales of existing homes rose slightly last month, up 0.7 percent from a year ago, after tanking in December by nearly 13 percent. Closings in January totaled 846, up from 840 a year ago, and up 2.2 percent from 828 ...

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Ultralife predicts Q4 loss; stock declines

Shares of Ultralife Batteries Inc. stock plummeted nearly 18 percent by midday Friday, after the company warned earlier in the day it expects significant fourth-quarter losses. Shares were trading at $13.89, compared with a Thursday close of $16.89. The Newark ...

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Harris Beach picked for environmental challenge

Harris Beach PLLC is thinking green. The law firm is participating in an environmental sustainability program called the ABA-EPA Law Office Climate Challenge, which was launched last year by the American Bar Association Section of Environment, Energy and Resources, in ...

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Vaccinex partner licenses antibody to fight arthritis

Vaccinex Inc. Friday said its collaboration partner EUSA Pharma Inc. has licensed an antibody discovered by the local biotechnology firm to GlaxoSmithKline PLC. The terms of the license outline that GlaxoSmithKline will pay an undisclosed upfront license fee, development milestones ...

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Snap Poll: Bills will stay in WNY for the long haul

Two-thirds of readers participating in this week’s RBJ Daily Report Snap Poll say the Buffalo Bills franchise still will be in Western New York five years from now. News that the Bills will play annual games in Toronto through 2012 ...

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Snap poll: Readers predict Buffalo Bills will stay in WNY for long haul

Two-thirds of readers participating in this week’s RBJ Daily Report Snap Poll say the Buffalo Bills franchise still will be in Western New York five years from now. The news that the Bills will play annual regular-season games in Toronto ...

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By any other name

It was entirely predictable that Gov. Eliot Spitzer would maintain that his new budget preserves his promise to close a projected $4.4 billion budget gap without raising taxes-although his spending plan contains a raft of “closed loopholes” and raised fees. ...

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Albany hears state biotech association agenda

The New York Biotechnology Association this week held its 2008 Biotechnology Advocacy Day in Albany. Some 45 executives from universities and corporations statewide, including representatives from Rochester, participated in a day-long event, meeting with state senators, assembly members and legislative ...

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Wayne County Organics seeks funding for growth

A Wayne County-based organic food delivery service is seeking funds to expand its business, providing locally grown food and organic products to the region. Rick Fessenden, owner of Teri’s Dairy in Savannah, created Wayne County Organics Inc. this month. The ...

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Navitar acquires N.J. precision optics company

Navitar Inc.’s acquisition of a New Jersey-based optics firm is expected to boost local manufacturing operations, add jobs here and increase the company’s top line. “The impact on the Rochester operation will be tremendous,” said Jeremy Goldstein, who serves as ...

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Analysts see economy as cloud above REITs

Analysts expect recessionary fears and weak job growth to cast an ominous shadow over fourth-quarter earnings announcements at real estate investment trusts such as Home Properties Inc. The local REIT is slated to report its fourth-quarter results Feb. 21, after ...

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United Way survey finds violence No. 1 concern

Violence in the community ranked as the top concern in a survey of more than 600 people that the United Way of Greater Rochester Inc. plans to use to help determine its investment strategies. Respondents to 16 distinct questionnaires online ...

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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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