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Monthly Archives: April 2008

Report: worker confidence at record low

Worker confidence in New York fell to a record low in March, a Harris Interactive Inc. report for Spherion Corp. shows. The Employee Confidence Index in the New York Employment Report fell to 39.4 last month from 50.2 in February ...

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Harris Corp. revenue up 24%; net income drops on charge

Harris Corp. reported a double-digit increase in third-quarter revenue, despite a drop in net income, due to charges for cost overruns on a commercial program. The Florida-based company reported revenue of $1.33 billion Monday, a 24 percent increase over sales ...

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Economy grows by less than 1 percent

The bruised economy limped through the first quarter, growing at just a 0.6 percent pace as housing and credit problems forced people and businesses alike to hunker down, AP reported. The country’s economic growth during January through March was the ...

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Time Warner to shed cable TV business

Time Warner Inc. said Wednesday it plans to spin off the rest of its cable TV business, answering investor pleas to further simplify the media conglomerate’s sprawling corporate structure, AP reported. The news came as Time Warner, which also owns ...

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Business conditions improve slightly

General business conditions in the Rochester area improved slightly in April, primarily in the manufacturing sector, a monthly survey by the National Association of Purchasing Management–Rochester Inc. shows. One-quarter of area businesses and individuals reported improved business conditions in April, ...

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Chesonis to ring Nasdaq bell Thursday

Paetec Holding Corp. chairman and CEO Arunas Chesonis will ring the opening bell at the Nasdaq stock exchange at 9:30 a.m. Thursday to celebrate the company’s 10-year business anniversary.

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Online job listings in area decline

Rochester’s total online help-wanted advertising fell from March to April, mirroring both regional and nationwide trends, the Conference Board Inc. reported. Some 11,500 online job ads were posted here in April, compared with 12,300 in March and 11,200 a year ...

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Kodak loss shrinks; sales edge up

Eastman Kodak Co. on Thursday reported a sharply lower loss for the first quarter and slightly higher revenues. Kodak posted a loss from continuing operations of $114 million, or 40 cents a share, compared with a loss of $175 million, ...

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Women’s network to honor leaders

The Rochester Women’s Network will honor the 2008 Up & Coming Businesswoman award recipients and host a conference on economic development Friday. The conference, “Economic Development is Everyone’s Business,” begins at 8:30 a.m. at the Rochester Riverside Convention Center. Highlights ...

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Toshiba Business Solutions, Michigan office merge

Toshiba Business Solutions—New York, part of Toshiba America Inc., has merged with Toshiba’s Michigan office, a move that adds 70 employees and $13 million in annual revenue. Steven Sauer, president of Toshiba Business Solutions-New York, will also serve as president ...

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Schumer asks PSC to back off Iberdrola

Sen. Charles Schumer Wednesday called for the New York State Public Service Commission to ease demands it has placed on the energy company as a condition for approving the proposed $4.58 billion acquisition of Energy East Corp. by Spanish power ...

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U.S. Report: Al-Qaida gaining strength

Al-Qaida has rebuilt some of its pre-Sept. 11 capabilities from remote hiding places in Pakistan, leading to a jump in attacks last year in that country and neighboring Afghanistan, the Bush administration said Wednesday. Attacks in Pakistan doubled between 2006 ...

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FDA warns Merck to fix vaccine plant problems

The Food and Drug Administration has ordered drugmaker Merck & Co. to correct manufacturing deficiencies at its main vaccine plant, AP reported. The agency on Wednesday released a warning letter sent to Merck CEO Richard Clark that states FDA inspectors ...

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Schumer asks PSC to back off Iberdrola

Sen. Charles Schumer Wednesday called for the New York State Public Service Commission to ease demands it has placed on the energy company as a condition for approving the proposed $4.58 billion acquisition of Energy East Corp. by Spanish power ...

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Eastman House board to meet in LA

George Eastman House International Museum of Photography & Film this week is holding its board of trustees meeting in Los Angeles for the first time in its 61-year history. For several years the Eastman House has hosted its quarterly spring ...

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