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Daily Archives: September 4, 2008

Jobless claims jump unexpectedly

The Labor Department reported that new applications for unemployment insurance rose to a seasonally adjusted 444,000, up 15,000 from the previous week, reversing three weeks of declines, AP reported. Economists had expected claims to drop to 420,000.

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Productivity up strongly; labor costs dip

The Commerce Department reported Thursday that productivity, the amount of output for every hour of work, jumped 4.3 percent at an annual rate in the second quarter, a full percentage point higher than economists expected, AP reported. At the same ...

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Cooper Cos. posts higher Q3 earnings

Cooper Cos. Inc. Thursday announced third-quarter net income of $17.9 million, or 67 cents a diluted share, on revenues of $285.9 million. The company—reporting after the markets closed—said it earned $8.2 million, or 71 cents a share, on revenues of ...

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Xerox names new execs, realigns operations

Xerox Corp. on Thursday announced new executive appointments, as well as the realignment of the firm’s North American operations. James Firestone was named president of corporate operations. His new responsibilities include research, strategy, information management, human resources and ethics, marketing ...

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SUNY Geneseo contractor fined $70,000

A Rochester roofing contractor faces $70,000 in fines from the U.S. Department of Labor’s Occupational Safety and Health Administration for fall hazards at a worksite on the SUNY College at Geneseo campus. A.M. Stern Inc. was cited for five alleged ...

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State lowers pension contribution rates

State Comptroller Thomas DiNapoli Thursday announced that employer contribution rates for the Employees’ Retirement System and the Police and Fire Retirement System would decrease again in 2010, but he added a dose of caution. The strength of the $153.9 billion ...

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Fairport man to serve on insurance board

A Fairport man has been named to the underwriting committee of the New York Compensation Insurance Rating Board. David Dickson is an appointee of the AFL-CIO of New York State Inc. for a two-year term on the committee, officials said. ...

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Market shrugs as GateHouse sells three more papers

Shares of GateHouse Media Inc. were virtually unchanged after news that a Pennsylvania newspaper chain has bought three newspapers from the Perinton publishing company. The announcement comes on the heels of another GateHouse sale last month. On Aug. 29, the ...

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Online job listings reach record high

Rochester’s online help-wanted advertising reached a record high in August in terms of new ads and total ads, the Conference Board Inc. reported. Some 15,300 online job ads were posted here last month, up from 13,000 in July and 11,000 ...

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Oil down on lower-than-expected U.S. gas supplies

Light, sweet crude for October delivery fell $2.31 cents to $107.04 a barrel on the New York Mercantile Exchange as traders digested the Energy Information Administration report that said a cooling economy is curbing fuel demand in the world’s thirstiest ...

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Sony recalls 438,000 laptops on burn concern

Japan’s Sony Corp. has launched a voluntary recall of 438,000 Vaio portable computers, citing a potential hazard that could cause the machines to overheat or possibly burn a user, Reuters reported.

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Comcast appeals FCC Web traffic-blocking decision

Comcast Corp. is appealing an FCC ruling that the company is improperly blocking customers’ Web traffic, triggering a legal battle that could determine the extent of the government’s authority to regulate the Internet, AP reported.

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FRIDAY, SEPT. 5 Rochester Professional Consultants Network Technology Forum—Free—7:45 a.m.—Pittsford Public Library, 24 State St., Pittsford—Call Carol McManus at 248-3886 for additional information. MONDAY, SEPT. 8 RochesterWorks! Job Network Meeting—Free—9 – 11 a.m. and 1 – 3 p.m.—255 N. Goodman ...

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Online job listings reach record high

Rochester’s online help-wanted advertising reached a record high in August in terms of new ads and total ads, the Conference Board Inc. reported.

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