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Daily Archives: April 24, 2008

Wall Street may lose 36,000 jobs

Wall Street, the lifeblood of New York City’s economy, could lose more than 36,000 jobs because the financial credit crisis has rocked markets and stunned the U.S. economy, estimated James Brown, a labor market analyst with New York state’s labor ...

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Red Sox ‘curse jersey’ auctioned for $175,100

The Boston Red Sox jersey secretly buried under the new Yankee Stadium in a failed curse attempt sold Thursday for $175,100 in a charity auction for the Jimmy Fund, AP reported. The bid was the highest of 282 for the ...

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Arby’s buys Wendy’s in $2 billion all-stock deal

After two past rejections, the owner of Arby’s shaved roast beef sandwich restaurants is buying Wendy’s for roughly $2 billion, AP reported. Triarc Companies Inc., which is owned by billionaire investor Nelson Peltz, said Thursday it will pay some $2.34 ...

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Wall Street advances after drop in jobless claims

Stocks rallied Thursday as investors focused on a drop in weekly unemployment claims and stronger-than-expected results from Ford Motor Co. rather than weak housing figures and cautious comments from some retailers, AP reported. A rise in the dollar pushed prices ...

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U.S. official claims proof of Syrian nuclear reactor

A top U.S. official said the Syrian nuclear reactor allegedly built with North Korean design help and destroyed last year by Israeli jets was within weeks or months of being functional, AP reported. The official said the facility was mostly ...

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PTI beats analyst estimates

Performance Technologies Inc. beat analyst estimates by 2 pennies a diluted share in the first quarter, the local system developer announced Thursday. PTI logged $591,000 in the first quarter, or a nickel a diluted share, up from a net loss ...

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‘CSI’ to feature local scope

Gradient Corp.’s Hawkeye Precision Boroscope will be featured again, on Thursday night’s episode of “CSI: Crime Scene Investigation.” The tool, which is manufactured locally and is used to help people see into areas that are otherwise inaccessible, appeared on the ...

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First Niagara earnings are flat

First Niagara Financial Group Inc. on Thursday reported quarterly net income of $20 million, or 19 cents a share, nearly identical to the first quarter 2007. The Niagara County-based bank reported quarterly operating income of $89.4 million, including $60.1 million ...

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Tompkins Financial Corp. net income up 29%

Ithaca-based Tompkins Financial Corp., parent of Bank of Castile branches and AM&M Financial Services Inc. in the Rochester area, on Thursday reported net income of $7.5 million, or 77 cents a share, in the first quarter, up 29 percent from ...

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Mancuso, inventor of business incubator, dies

Joseph Mancuso, who in 1959 developed the world’s first business incubator, in Batavia, died Tuesday, April 22. He was 88. Mr. Mancuso coined the term incubator after subdividing a massive warehouse among dozens of tenants—one of which was a company ...

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Help-wanted listings down in March

Rochester’s help-wanted advertising fell in March for the third consecutive month, the Conference Board Inc. reported. The local index was 11 last month, compared with 12 in February and 12 a year ago. The Syracuse area’s help-wanted ad index increased ...

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Five Star Bank parent reports earnings

Financial Institutions Inc., parent of Five Star Bank, on Thursday reported first-quarter net income of $3.8 million, or 31 cents a share, up 5.5 percent. A year ago, the company reported profits of $3.6 million, or 29 cents a share. ...

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Kodak expands market for printers

Eastman Kodak Co. on Thursday said it has broadened the retail availability of its consumer inkjet printers, which it launched just more than a year ago. It also added a new printer to its inkjet line. Kodak (NYSE: EK) has ...

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Kodak expands market for printers

Eastman Kodak Co. on Thursday said it has broadened the retail availability of its consumer inkjet printers, which it launched just more than a year ago. It also added a new printer to its inkjet line.

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Five Star Bank parent reports earnings

Financial Institutions Inc., parent of Five Star Bank, on Thursday reported first-quarter net income of $3.8 million, or 31 cents a share, up 5.5 percent.

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