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Daily Archives: March 6, 2008

Area unemployment rises; private sector loses jobs

The Rochester-area economy faltered in January, with an increase in the jobless rate and a private-sector job loss. The unemployment rate in the Rochester area was 5.5 percent in January, up from 4.8 percent in December and 5 percent a ...

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JC Jones turnaround deal honored

JC Jones & Associates LLC received a national award this week for its work in helping restructure a Pennsylvania pellet stove company, Harman Stove Co. The Pittsford firm this week received The M&A Advisor’s Turnaround of the Year Award in ...

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B&L names new HR exec

Bausch & Lomb Inc. said Thursday it has hired Paul Sartori, a former biotech and pharmaceutical industry human resources executive, to replace its current top HR executive, David Nachbar. Nachbar has decided to leave Bausch & Lomb to pursue other ...

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He may be down in the count, but Strawberry is not out

It’s quite a stretch to call someone a hero or role model after he trashed what should have been a hall of fame sports career with drugs and alcohol. And there’s his rap sheet, which explains why he spent more ...

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EnPro asks shareholders to hold off on voting

EnPro Industries Inc., the parent company of Palmyra-based Garlock Sealing Technologies LLC, urged shareholders Thursday not to support a slate of nominees for the company’s board of directors proposed by one of its largest shareholder, Steel Partners II L.P. Steel ...

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Report offers relief for 315 area code

The state Public Service Commission Thursday released findings of a report outlining several options for adding a second area code to the current 315 region in central and north-central New York. Demand for central office codes — represented by the ...

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Buffett takes top spot on Forbes list

Warren Buffett, the famed U.S. investor who heads Berkshire Hathaway Inc., replaced his friend and Microsoft Corp. founder Bill Gates (now at No. 3) as the richest man in the world, Forbes magazine said Wednesday. The magazine estimated Buffett’s worth ...

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Discount retailers get reprieve in Feb.

The nation’s retailers got a little reprieve in February, as consumers hesitantly returned to malls and stores after retrenching in recent months. Among the big winners were discounters such as Wal-Mart Stores Inc., whose results beat expectations.

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Homeowner equity lowest since 1945

Americans’ percentage of equity in their homes fell below 50 percent for the first time on record since 1945, the Federal Reserve said Thursday, AP reported. Homeowners’ portion of equity slipped to downwardly revised 49.6 percent in the second quarter ...

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Foreclosures at all-time high

U.S. mortgage foreclosures rose to an all-time high at the end of 2007 as borrowers with adjustable-rate loans walked away from properties before their payments increased, the Mortgage Bankers Association said Thursday. New foreclosures jumped to 0.83 percent of all ...

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Report offers relief for 315 area code

The state Public Service Commission Thursday released findings of a report outlining several options for adding a second area code to the current 315 region in central and north-central New York.

Read More »

EnPro asks shareholders to hold off on voting

EnPro Industries Inc., the parent company of Palmyra-based Garlock Sealing Technologies LLC, urged shareholders Thursday not to support a slate of nominees for the company’s board of directors proposed by one of its largest shareholder, Steel Partners II L.P.

Read More »

WEDNESDAY, MARCH 12 The Early Birds Chapter of Business Network International Meeting—Free—7 – 8:30 a.m.—The Artisan Works, 565 Blossom Road—Also offered March 19—Visitors are welcome—Call David Miller at 248-6793 for additional information. Premier Professionals Chapter of Business Network International Meeting—Free—7 ...

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B&L names new HR exec

Bausch & Lomb Inc. said Thursday it has hired Paul Sartori, a former biotech and pharmaceutical industry human resources executive, to replace its current top HR executive, David Nachbar.

Read More »

JC Jones turnaround deal honored

JC Jones & Associates LLC received a national award this week for its work in helping restructure a Pennsylvania pellet stove company, Harman Stove Co.

Read More »