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Daily Archives: December 18, 2008

Bush considering ‘orderly’ auto bankruptcy

The Bush administration is looking at an “orderly” bankruptcy to deal with the ailing U.S. auto industry, White House press secretary Dana Perino, AP reported. “There’s an orderly way to do bankruptcies that provides for more of a soft landing,” ...

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Mortgage rates continue to fall

Mortgage giant Freddie Mac on Thursday said rates had fallen to the lowest level on records dating back to 1971, AP reported. Average rates on 30-year fixed-rate mortgages dropped to 5.19 percent, from the year’s previous low of 5.47 percent, ...

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U.S. jobs data better than expected

The Labor Department on Thursday said its tally of initial jobless benefit claims fell to a seasonally adjusted 554,000 from an upwardly revised figure of 575,000 the previous week, AP reported. The new tally was slightly below economists’ expectations.

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Regulators adopt new rules for credit card industry

Sweeping new rules for the credit card industry, which take effect in July 2010, were approved Thursday morning by the Office of Thrift Supervision, a Treasury Department division, AP reported. The rules allow credit card companies to raise interest rates ...

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Obama taps trio to take on financial reforms

President-elect Barack Obama Thursday named Securities and Exchange Commission veteran Mary Schapiro as chairwoman of that agency, former Treasury official Gary Gensler to head the Commodity Futures Trading Commission, and law professor Daniel Tarullo to fill an empty Federal Reserve ...

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Unemployment rises, number of jobs decline

The Rochester-area economy took a hit in November, with a decrease in the number of non-farm and private-sector jobs and an increase in the unemployment rate. The jobless rate in the Rochester metropolitan area rose to 5.9 percent last month ...

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More hospitals join RHIO network

Community hospitals in Ontario, Genesee and Monroe counties have joined the Rochester-area Regional Health Information Organization. Now connected to the region’s RHIO are Clifton Springs Hospital in Ontario County, United Memorial Hospital in Batavia and Lakeside Memorial Hospital in Brockport. ...

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RIT, RGHS agree to form broad strategic alliance

Rochester Institute of Technology and Rochester General Health System have inked an agreement to form a strategic alliance in which RGHS would be designated as the school’s official health system and RIT would become the system’s official academic affiliate. Officials ...

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USAirports buys Landmark Aviation

USAirports has acquired the Rochester office of Landmark Aviation, consolidating fixed-based operations at Greater Rochester International Airport. As a fixed-base operator in Rochester, USAirports’ services include aircraft fuel, oil, line maintenance, repairs, deicing and flight support. It also provides ground ...

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Harris Interactive to reduce staff by 8%

Harris Interactive Inc. is reducing its U.S. work force by 8 percent as part of restructuring measures designed to improve company’s profits. Fifty-one positions, mainly in research, project management, operations, marketing and sales, will be reduced. The changes should save ...

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Harris Interactive to reduce staff by 8%

Harris Interactive Inc. is reducing its U.S. work force by 8 percent as part of restructuring measures designed to improve company’s profits.

Read More »

USAirports buys Landmark Aviation

USAirports has acquired the Rochester office of Landmark Aviation, consolidating fixed-based operations at Greater Rochester International Airport.

Read More »

RIT, RGHS agree to form broad strategic alliance

Rochester Institute of Technology and Rochester General Health System have inked an agreement to form a strategic alliance in which RGHS would be designated as the school’s official health system and RIT would become the system’s official academic affiliate.

Read More »

More hospitals join RHIO network

Community hospitals in Ontario, Genesee and Monroe counties have joined the Rochester-area Regional Health Information Organization.

Read More »

Unemployment rises, number of jobs decline

The Rochester-area economy took a hit in November, with a decrease in the number of non-farm and private-sector jobs and an increase in the unemployment rate.

Read More »