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Daily Archives: March 13, 2008

No resolution to Energy East deal

The proposed acquisition of Energy East Corp. by Spanish power producer Iberdrola S.A. is back in litigation after the companies and the state Public Service Commission failed to reach an agreement by the end of the day Wednesday. In a ...

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Chrysler to shut down for 2 weeks to save money

Chrysler LLC, working to stem two years of losses, said it will shut down the entire company for two weeks in July during the period when it usually closes its assembly plants, Bloomberg reported. Salaried employees at the third-largest U.S. ...

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Gas, oil prices reach new highs

Gas and oil prices jumped to new highs Thursday as the dollar weakened, although crude’s gains were limited by fresh evidence of a U.S. economic slowdown, AP reported. At the pump, U.S. retail gas prices surged 2.1 cents overnight to ...

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Bonds No. 762 home run ball could fetch $1M

SCP Auctions said Thursday said Jameson Sutton, 24, of Colorado has decided to sell the baseball Barry Bonds hit for career homer No. 762, and it could fetch $1 million, AP reported. The online auction begins March 31.

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Gold reaches $1,000 for first time

Gold futures hit $1,000 an ounce for the first time Thursday, pushed past the benchmark by the sinking dollar and record crude oil prices, AP reported. The dollar fell below 100 yen during Asian trading Thursday, its weakest level against ...

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Paterson says he supports upstate revitalization

In his first scheduled news conference since being tapped to become the next New York governor, David Paterson on Thursday said he supported outgoing Gov. Eliot Spitzer’s $1 billion economic revitalization initiative and the proposed demolition of Midtown Plaza. Paterson, ...

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SBU honors community leaders

“We are so proud to honor all of these remarkable people with our Gaudete Medal,” said Sister Margaret Carney, university president, in a statement. “They are shining examples of joyful service, making visible and sustained contributions that change the lives ...

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Number of homes facing foreclosure up nearly 60%

Nearly 60 percent more U.S. homes faced foreclosure in February than a year ago, AP reported. Nevada, California and Florida posted the highest foreclosure rates, RealtyTrac Inc. said. A total of 223,651 homes across the nation received at least one ...

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Court rules in Jell-O estate’s favor

New York’s highest court Wednesday killed a Washington State woman’s hopes of claiming a more than $3 million share of a fortune stemming from Jell-O, the gelatin dessert created in LeRoy. In a decision handed down yesterday, New York’s Court ...

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United Way takes ownership of Wegmans LPGA

The United Way of Greater Rochester Inc. board Thursday approved taking ownership of the Wegmans LPGA, officials said. The ownership change—from Disabled Children of Monroe County Golf Tournament—means United Way will receive and distribute proceeds among its charities beginning in ...

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Rent-A-Center gives free single-ride bus passes

Officials from Rent-A-Center Inc. were in Rochester Thursday distributing 10-packs of single-ride bus passes to 700 randomly selected individuals. The passes allow those selected to ride Rochester-Genesee Regional Transportation Authority buses for free. The Texas-based firm also is providing 3,000 ...

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Fox Run wines honored

Fox Run Vineyards Inc. received two national accolades recently. The Penn Yan, Yates County-based winery’s 2006 Semi Dry Riesling was named as a “Best American Wine $15 & Under” in the April issue of Food & Wine magazine. Also, the ...

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Let’s close the final chapter on the Barry Bonds story

Spring training has passed the halfway point, the major league regular season is less than three weeks away and, to the surprise of no one—or maybe everyone—Barry Bonds is teamless for the first time in his life. The all-time MLB ...

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Bankers expect to ride out recession, but monitor risks

As talks of a national recession loom, Rochester bankers say they are set to weather the storm. The path to recession usually results in tightening of lending standards, but a number of local bankers say their underwriting standards already are ...

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WEDNESDAY, MARCH 19 The August Group Networking Meeting—Free—9:30 – 11 a.m.—Bagel Bin Cafe, 2600 Elmwood Ave.—Visitors are welcome—Also offered March 20—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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