Rochester Business Journal Leading source of business news and information in Rochester, N.Y.

Crude prices spiked as much as 7 percent in early trading with analysts expecting light volume during the final three days of 2008, AP reported. Light, sweet crude for February delivery rose 31 cents to $38.02 a barrel on the ...

The town of Farmington’s wastewater treatment facility received the project of the year award in the environmental projects category from the Genesee Valley Branch of the American Public Works Association, town officials announced. Supervisor Ted Fafinski said the $18 million ...

Fiori Blanc de Blanc Champagne, produced by Casa Larga Vineyards Inc. in Fairport, received a rating of 85 points from Wine Spectator magazine during a champagne review for the Dec. 31 issue.

Sister Ann Collins is retiring as president and CEO of the Nazareth Schools Dec. 31 after 22 years of service as principal of Nazareth Academy and founding president of Nazareth Schools. Sister Patricia Carroll is slated to replace Collins beginning ...

U.S. car parts maker Delphi Corp. has suspended work at a factory in Suzhou, China, due to shrinking demand, AP reported. The factory west of Shanghai in the city of Suzhou makes compressors for General Motors Corp. Delphi employs roughly ...

Kirk Kerkorian has sold off all of his remaining shares of Ford Motor Co., AP reported. His investment firm, Tracinda Corp, briefly ranked as Ford’s largest outside investor earlier this year. The firm said in a regulatory filing in October ...

The town of Farmington’s wastewater treatment facility received the project of the year award in the environmental projects category from the Genesee Valley Branch of the American Public Works Association, town officials announced.

U.S. Sen. Charles Schumer said in a statement that New York State could receive at least $5 billion in direct aid from President-elect Barack Obama’s planned stimulus package, Reuters reported. Schumer said the package is expected to include $80 billion ...

White House spokesman Gordon Johndroe said Hamas organization had chosen not to renew a six-month cease-fire agreement arranged by Egypt, AP reported. The Bush administration called for an end to the recent flare-up of violence in the Middle East, and ...

Fire officials in New Bedford, Mass., say a man using a blowtorch to melt ice on his porch set his house on fire, AP reported. The fire caused up to $30,000 in damage. The man was using a torch hooked ...

To say Paul Hyland took a risk in starting Mercy Flight Central Inc. in 1991 is not entirely accurate. There was little uncertainty about the future the non-profit organization would face-it was something of a sure-fire failure, he says. Long ...

Western New York bankruptcy filings are climbing slower than the national rate, data shows.

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 ...

Iran native Reza Nejad Sattari’s connections to Oriental rugs go back to Isfahan, the Iranian province noted as a carpet-weaving center since the days of the Persian empire, but he did not start selling Oriental carpets until after he emigrated ...

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 ...