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Daily Archives: November 26, 2008

Sales of new homes hit 18-year low

The Commerce Department reported Wednesday that new home sales decreased 5.3 percent in October to a seasonally adjusted annual sales pace of 433,000 homes, the lowest level since January 1991, AP reported. The median price of a new home sold ...

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Obama: ‘Help is on the way’

President-elect Barack Obama pledged on Wednesday to have an economic plan ready for action on the nation’s financial crisis on his first day in office, AP reported. “Help is on the way,” he said. He announced he has chosen former ...

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China slashes interest rate

China announced its biggest interest rate cut in 11 years on Wednesday, AP reported. The 1.08 percentage-point rate cut-the fourth cut in three months-reflects the government’s urgency about raising private consumption and investment to supplement state spending on the stimulus ...

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Unemployment average at highest level since ’83

The Labor Department reported Wednesday that initial requests for unemployment benefits fell to a seasonally adjusted 529,000 from the previous week’s upwardly revised figure of 543,000, AP reported. But claims remain at recessionary levels. The four-week average rose to 518,000, ...

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Here’s proof golf is the greatest game on this planet

Tell me, when is the last time you heard a major league outfielder say, “Time out, Mr. Umpire. I must confess. I didn’t catch that ball cleanly. I trapped it on a short bounce. I know it looked like an ...

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S&P index to add Tompkins Financial

Tompkins Financial Corp. will be added to the Standard and Poor’s SmallCap 600 index at the close of trading Monday, S&P officials said this week. The Ithaca-based firm (NYSE Alternext: TMP) is the parent of Bank of Castile branches in ...

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Hearing on environmental impact set

A public hearing on the Midtown Plaza redevelopment project’s draft generic environmental impact statement is slated for Tuesday at 6:30 p.m. in City Council chambers at City Hall. The Rochester Environmental Commission will conduct the hearing, which includes an overview ...

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Seaway Trail Corp. adds board members

The Seaway Trail Corp. has elected two area men to its 2008-2010 board of directors. The board guides the membership-based non-profit organization, which develops and promotes tourism and related economic development opportunities throughout the 518-mile freshwater shoreline region of New ...

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Preferred Care to hike most rates 13% to 15%

Preferred Care rates for its most popular community-rated commercial group products will increase 13 percent to 15 percent, the insurance provider said Wednesday. A percentage of group customers in Preferred Care’s USDirect and Preferred EPO plans will experience greater increases, ...

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Readers: Clinton is good pick for secretary of state

Roughly two-thirds of respondents to this week’s RBJ Daily Report Snap Poll say Sen. Hillary Clinton is a good choice for secretary of state. Some political observers have questioned whether New York’s junior senator is too ambitious and independent to ...

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Upstate Venture group plans forum Tuesday

Robert Wilmers, chairman of the Empire State Development Corp. and chairman and CEO of M&T Bank Corp., will discuss economic development and banking issues as part of an open forum Tuesday. The event is 5 to 9 p.m. at the ...

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Lapp acquires German insulator firms

Lapp Insulators LLC has acquired German-based Argillon Insulators GmbH and Argillon Alumina GmbH through its German subsidiary. The acquisition adds three more European manufacturing locations to Lapp in Redwitz, Germany; Jedlina Zdroj, Poland, and Turda, Romania. Company officials said the ...

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Finger Lakes Wired offers training grants

Finger Lakes Wired is offering up to $25,000 in training funds for businesses in the nine-county Finger Lakes region to help them upgrade worker skills. Businesses can apply for the funds for training services that can be completed within three ...

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Finger Lakes Wired offers training grants

Finger Lakes Wired is offering up to $25,000 in training funds for businesses in the nine-county Finger Lakes region to help them upgrade worker skills.

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Lapp acquires German insulator firms

Lapp Insulators LLC has acquired German-based Argillon Insulators GmbH and Argillon Alumina GmbH through its German subsidiary.

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