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Monthly Archives: December 2008

M&T, Financial Institutions to participate in Treasury program

The number of banks doing business in Rochester that have agreed to participate in the U.S. Treasury Department’s stock-purchasing program has grown to nine with M&T Bank Corp. and Financial Institutions Inc. announcing their involvement this week. M&T (NYSE: MTB) ...

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Non-Profit Report: NCS Community Development Corp.

The mission of NCS Community Development Corp. is to provide access to decent, safe and affordable housing through housing development, technical services and collaborative resources that revitalize and sustain city neighborhoods. NCS offers the following programs and services: –Lead hazard ...

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Keys to keeping customers in good times and bad

As a small-business owner, I’m accustomed to focusing on numbers. Did we hit the goals for the month? Were we able to improve sales? Did we increase profits? While I know it’s important to keep a close tab on financial ...

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Optimism, smart thinking can keep businesses buoyant

For those who manage organizations, there’s no avoiding the realities wrought by an economic climate as difficult as this one. Company leaders and human resources professionals must guide managers as they consider making painful decisions, and must help employees as ...

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RBJ Daily

This is a recap of news reported first on the Rochester Business Journal’s Web site. To receive the Daily Report e-mail, go to rbjdaily.com/dailyform.htm. Simon School reappoints Zupan as dean The University of Rochester’s Simon Graduate School of Business has ...

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Time Out

AFRICAN INSPIRATION You’ve heard of Kwanzaa. But do you really know what the holiday celebrates? Kwanzaa principles stem from the African philosophy of Kawaida. The seven principles of the African-American holiday are unity in family, community, nation and race; self ...

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Insurer reports red ink

Net income companywide has continued to fall in 2008 for the area’s two largest health insurance carriers. MVP/Preferred Care has posted a $27.3 million loss so far this year. Excellus Blue Cross Blue Shield, the region’s largest insurer, remains safely ...

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Spotlight

Personal income growth weakest since 1994 Personal income growth slowed greatly in the third quarter in its weakest performance since 1994, new data from the U.S. Bureau of Economic Analysis show. In New York, personal income totaled some $938 billion ...

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Americans spent much less on gifts this season

SpendingPulse, a division of MasterCard Advisors, said compared with last year, retail sales dropped between 5.5 percent and 8 percent, or between 2 percent and 4 percent after stripping out auto and gas sales, AP reported.

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Record

APPLICATIONS FOR AUTHORITY MONROE COUNTY Architectural Resources Cambridge P.C. Processing address: c/o CT Corporation System, 111 Eighth Ave., New York, N.Y. 10011 Filer: Bennet Heart Parker Inc. Processing address: 2222 W. 8th St., Bedford, Ind. 47421 Filer: Parker Inc. S.M. ...

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Amazon says holiday season was ‘best ever’

Amazon.com Inc. said Friday the 2008 holiday season was the online retailer’s best ever, with more than 6.3 million items ordered and 5.6 million units shipped during its peak day on Dec. 15.

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Harris Interactive cuts staff, shifts leadership posts

With a new CEO, a new chief financial officer and a spate of cutbacks planned, Harris Interactive Inc. is preparing for a turnaround. The latest sign came last week when the market research firm announced its decision to replace CFO ...

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Four Cs are keys to surviving the recession

A year and a half ago, I wrote an article (“It’s time to prepare for the coming storm,” RBJ, 8/31/2007) warning that a tidal wave of liquidity in the economy was burying risk and giving too many businesses a false ...

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Wal-Mart to sell Apple’s iPhone

Wal-Mart Stores Inc. officials said it will begin selling Apple’s iPhone on Sunday, AP reported. The chain becomes the second independent retail chain, after Best Buy Inc., to sell the phone.

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Calendar

The Rochester Business Journal welcomes press releases. Notices of calendar events should be submitted three weeks before the event date to ensure timely publication. Send digital submissions to [email protected] FRIDAY, DEC. 26 Brighton’s Best Chapter of Business Network International Meeting-Free-7 ...

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