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Daily Archives: June 26, 2008

Paychex tops $2B in revenue

Paychex Inc. reported record net income of $576.1 million for fiscal 2008, a year in which it surpassed $2 billion in revenue for the first time.

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ESDC gives Geneva $2M to renovate 7 buildings

The city of Geneva was approved Thursday by the Empire State Development Corp. for $2 million in Restore New York II Communities funding to renovate seven commercial buildings downtown.

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MCC trustees to consider interim chief

The Monroe Community College board of trustees will hold a special meeting 9 a.m. Monday to consider appointing an interim president, the college said Thursday.

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Supreme Court strikes down ‘millionaire’s amendment’

The U.S. Supreme Court on Thursday tossed out the “millionaire’s amendment,” a provision of the Bipartisan Campaign Reform Act of 2002 that raised contribution limits for a candidate running against a wealthy opponent who bankrolls his own election campaign.

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RGRTA gets $1M toward hybrid buses

The Rochester-Genesee Regional Transportation Authority will get $1 million in state funding to buy five hybrid-electric buses for use in Monroe County, the New York State Energy Research and Development Authority announced Thursday.

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Kodak maintains S&P rating of B+

Eastman Kodak Co.’s plan to buy back up to $1 billion in company stock does not affect its rating or outlook, Standard & Poor’s Ratings Services said.

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Coalition launches WeROC campaign

WeROC, designed to promote a sense of pride in greater Rochester, was launched Thursday by business, civic and elected leaders.

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THURSDAY, JULY 3 Notable Networkers Chapter of Business Network International Meeting—Free—7 – 8:30 a.m.—Holiday Inn Express, 860 Holt Road, Webster—Visitors are welcome—Also offered July 10—Call David Miller at 697-4846 for additional information. Networks Lead Group Meeting—Free—8 a.m.—Golden Fox Restaurant, 1115 ...

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Tiger’s absence leaves fans in the rough—or watching the LPGA

How would you feel if the Steinbrenners announced that the New York Yankees—love ’em or hate ’em—were canceling the rest of their season? Or if Red Sox owner Thomas Henry, coming off Boston’s second World Series in four years, did ...

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Supreme Court says Americans have right to guns

Americans can keep guns at home for self-defense, the Supreme Court ruled Thursday in the justices’ first-ever pronouncement on the meaning of gun rights under the Second Amendment, AP reported. The court’s 5-4 ruling struck down the District of Columbia’s ...

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InBev begins hostile takeover of Anheuser-Busch

Belgian Brewer InBev is taking what could be the first steps toward a hostile takeover of Anheuser-Busch Cos., AP reported. InBev announced Thursday it has filed a lawsuit in Delaware Chancery Court. The lawsuit seeks a judgment to confirm Anheuser-Busch ...

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GM drops to 53-year low; Goldman urges ‘sell’

Shares of General Motors Corp. hit their lowest level since 1955 and dragged down the auto sector on Thursday after The Goldman Sachs Group Inc. cut the struggling manufacturer to a “sell” rating, Reuters reported. GM shares were trading midday ...

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Existing home sales edge up 2 percent

Sales of existing homes edged up slightly in May although median home prices continued to fall, AP reported. The National Association of Realtors reported that sales rose by 2 percent to 4.99 million units. The median price dropped 6.3 percent ...

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