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Daily Archives: March 26, 2008

The wealth gap

National polls show concern about the economy to be at its highest level in more than a decade. This anxiety no doubt has been fed by the constant drumming of downbeat assessments that put the economy on the brink of-or ...

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Paychex reports 13% rise in profits

Paychex Inc. reported a 13 percent increase in profits for its fiscal third quarter. The company posted net income of $142.5 million, or 39 cents a share, compared with $126.6 million, or 33 cents a share, last year. Paychex released ...

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Iraqi PM orders militia to surrender

Amid heavy clashes between government forces and Shiite Muslim militants in Baghdad and the port city of Basra, Iraqi Prime Minister Nouri al Maliki issued an ultimatum Wednesday demanding that the militias surrender their weapons within 72 hours, AP reported. ...

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Bush tells Chinese president he’s concerned about Tibet

President Bush called China’s President Hu Jintao on Wednesday and raised concerns about the crackdown in Tibet, joining a growing chorus of international protests about Beijing’s tough tactics, AP reported. The White House said that Bush encouraged Hu to engage ...

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Ford sells Jaguar, Land Rover to India’s Tata Motors

Ford Motor Co. is selling its storied Jaguar and Land Rover businesses to India’s Tata Motors Ltd. in a deal that will net the U.S. automaker $1.7 billion – roughly a third of the price it paid for the two ...

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Motorola to split into two separate companies

Motorola Inc. announced plans to separate its struggling handset business from other operations Wednesday, forming two separate, publicly traded companies after months of agitation from frustrated investors, AP reported. Motorola said the handset business will operate separately from another company ...

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New home sales fall to 13-year-low

Sales of new homes fell in February for the fourth straight month, pushing activity down to a 13-year low as the steep slump in housing continued, AP reported. The Commerce Department reported Wednesday that new home sales dropped 1.8 percent ...

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White Springs wines honored

White Springs Winery in Geneva took home two silver medals from the 17th annual Jerry D. Mead’s New World International Wine Competition in California this month. The Finger Lakes winery received the medals for its 2006 Rose and its Springhouse ...

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Bankruptcy filings up 19 percent in February

Rochester-area bankruptcy filings were up 19 percent in February and up 5 percent in the first two months of this year, figures compiled by the Western District of New York Bankruptcy Court Clerk show. Year-to-year monthly and year-to-date comparisons are ...

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Chase to eliminate 300 jobs in Rochester

Some 300 JPMorgan Chase & Co. workers in Rochester, nearly a third of the company’s work force here, will lose their jobs by the end of October as the bank consolidates its home equity lending operations here into larger offices ...

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Tilley named Rhinos head coach

Darren Tilley, a member of the Rochester Rhinos from 1998-2000, was introduced Wednesday as the team’s head coach. Tilley was the second-leading scorer in the A-League in 1998, with 21 goals and seven assists in 21 games as the Rhinos ...

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Covey to speak on trust

CEO Stephen M. R. Covey, who personally led the strategy that propelled his father’s book, Stephen R. Covey’s “The 7 Habits of Highly Effective People” to one of the two most influential business books of the 20th century, will make ...

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Preservation lobbying group to visit city

The president of Preservation Action, a national historic preservation lobbying organization, will be in Rochester today and Thursday to meet with activists and politicians. Heather MacIntosh, president of Preservation Action, is going on the road to help local preservationists with ...

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Entrepreneurs sought to compete in contest

Organizers of the 2008 Rochester Regional Business Plan Contest today said they are accepting contest applications. Winners receive $50,000 in cash and business services. Each of four contest finalists will receive a customized package of professional services and incubation services ...

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Genencor helps parent company grow

Genencor International Inc. played a key role in growing parent Danisco A/S’ top line in the third quarter 2007-08. The Danish firm Wednesday reported its bioingredients division grew organically by 12 percent driven by double-digit gains both in Genencor and ...

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