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Daily Archives: June 12, 2008

$50k to help city’s real estate market

A $50,000, two-year initiative was launched Thursday to reinvigorate stagnant real estate markets in Rochester city middle-neighborhoods. Such communities are described as neighborhoods that do not grab headlines for high crime rates or get significant investment. The Realtors Charitable Foundation ...

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Renaissance Square public meeting, workshop set

Main & Clinton Local Development Corp., administrator of the proposed $230 million Renaissance Square development, meets Tuesday at 8:30 a.m. at the Hyatt Regency Rochester on East Main Street. The meeting is open to the public. The authority is expected ...

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Kodak says Drupa exceeded expectations

Eastman Kodak Co. said the 2008 Drupa was a “hugely successful event” for the company. Kodak’s graphic communications group took hundreds of orders, delivered thousands of demonstrations and logged more than 10,000 qualified leads, company officials said. That exceeded its ...

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RF Communications gets $42M order from U.S. Army

Harris Corp.’s RF Communications division in Rochester has received a $42 million order to provide high-frequency vehicular radio capabilities to the U.S. Army for mine- resistant, ambush-protected vehicles. The Army is installing 1,400 Harris Falcon II vehicular adapter systems in ...

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Big Brown’s Belmont flop: from the horse’s own mouth

All week the explanations and excuses have been flowing from everywhere why Big Brown not only failed to win the Belmont Stakes and thus the Triple Crown, but even worse, he finished dead last. The Belmont was supposed to be ...

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American Packaging breaks ground on new facility

Ground was broken Thursday on American Packaging Corp.’s $9.3 million, 14,000-square-foot facility. Monroe County Executive Maggie Brooks, Rochester Mayor Robert Duffy and other officials joined Peter Schottland, the firm’s president and CEO, at the morning event. American Packaging, with a ...

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KeyCorp cuts dividend, stock plummets

Shares of KeyCorp, parent of KeyBank N.A. in the Rochester area, were down 20 percent Thursday upon news the Cleveland-based financial institution will raise $1.5 billion of additional equity capital and cut dividends in half beginning with the third quarter. ...

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Regional airports get money for upgrades

Two regional airports are slated to get nearly $654,000 in federal funds from the U.S. Department of Transportation for upgrades. The Genesee County Airport in Batavia will receive $589,000. The money will be used for the engineering design to expand ...

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Cuomo takes legal action against pharmacies

State Attorney General Andrew Cuomo is taking legal action against at least 142 CVS Caremark Corp. and 112 Rite Aid Corp. pharmacies statewide, including 28 in the Rochester region, for selling expired products, his office announced Thursday. The products include ...

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ICardiac joins non-profit group

ICardiac Technologies Inc. has joined the Center for Medicine in the Public Interest, a non-profit supporting public policy that promotes medical progress and patient-centered care. The local company, which develops and implements advanced electrocardiogram-based cardiac safety biomarkers, through the center ...

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State honored for Rochester bridge

New York was honored with America’s Transportation Award in recognition of the Frederick Douglass-Susan B. Anthony Bridge replacement project in Rochester, the state Department of Transportation announced Thursday. “We are thrilled that our triple-member arch bridge in Rochester was selected ...

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Lehman Bros. sacks CFO, COO

Lehman Bros. Holdings Inc. shook up its management Thursday, removing two top executives in a concession that attempts to quell Wall Street anger over recent losses have failed, AP reported. Chief Financial Officer Erin Callan and Chief Operating Officer Joseph ...

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Retail sales climb by largest amount in 6 months

The Commerce Department reported Thursday that retail sales soared 1 percent last month, the biggest increase since November, AP reported. Some 57 million economic stimulus payments helped offset the headwinds buffeting consumers.

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United to charge $15 for first checked bag

Baggage fees are fast becoming an unavoidable part of U.S. flying — the largest two carriers now charge $15 for a first checked bag, AP reported. United Airlines announced its new fee on Thursday, three weeks after American Airlines set ...

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Corn hits record; soy rallies

Corn prices soared to record highs on Thursday as flooding damaged crop prospects in the Midwest, Reuters reported. Torrential rains have swept across the Midwest resulting in floods that have destroyed thousands of acres of corn and soybeans.

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