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Author Archives: Andrea Deckert

Corning to sell shares to reduce debt

Corning Inc. said late Wednesday it would sell 20 million shares of its stock under an existing universal shelf registration and use the proceeds to reduce debt. The company expects to raise some $325 million, which Corning will use to ...

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Corning to sell shares to reduce debt

Corning Inc. said late Wednesday it would sell 20 million shares of its stock under an existing universal shelf registration and use the proceeds to continue to reduce debt.

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ComSynTech working with Infotonics Center

Communication Synergy Technologies Inc. plans to set up a site at the Infotonics Technology Center Inc. in Canandaigua. The Rochester-based company will use the center’s staff and research tools to help bring a document preservation product to life. ComSynTech will ...

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Ontario County grapples with sales tax distribution

For the first time in 40 years, Ontario County plans to overhaul the way it distributes sales tax revenues. The move is in an effort to create more equality among the municipalities, officials said. Phelps Supervisor Carmen Orlando, who serves ...

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Bush’s push strikes a chord with business leaders

Businessman Donald Johnson wants his young children to have financial security when they retire. Under the current Social Security system, that may not be likely, said Johnson, president of Town & Country Travel Inc. “This is an issue that needs ...

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Two officials exit in moves at Infotonics

Canandaigua-based Infotonics Technology Center Inc. is in the midst of staffing changes as two top executives were let go late last week. Les Fritzemeier, director of business development and government programs, and Laurel Purdy, vice president of finance and chief ...

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Grant to help clean up Batavia site

The city of Batavia will receive $108,000 to help clean up a former industrial site that local officials are hoping to redevelop. The money is part of a $1.2 million grant through the state Environmental Restoration Program awarded to 10 ...

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Grant to help clean up Batavia site

The city of Batavia will receive $108,000 to help clean up a former industrial site that local officials are hoping to redevelop. The money is part of a $1.2 million state grant for 10 sites in eight counties.

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Expanding laser lab at UR set to receive $71.6 million

The University of Rochester’s Laboratory for Laser Energetics is earmarked to receive nearly $71.6 million to expand its capabilities. Rochester area congressional representatives announced the funding today, which is part of the 2006 Energy and Water Development Appropriations bill passed ...

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Expanding laser lab at UR set to receive $71.6 million

The University of Rochester’s Laboratory for Laser Energetics is earmarked to receive nearly $71.6 million to expand its capabilities, congressional representatives announced Thursday.

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Melles Griot names Smith global VP

Melles Griot Inc. has named David Smith, former general manager of the firm’s optics group, as vice president of global initiatives. The Rochester company, which employs some 100 people, is now headed by Charles Synborski. Smith has worked at the ...

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Melles Griot names Smith global VP

Melles Griot Inc. has named David Smith, former general manager of the firm’s optics group, as vice president of global initiatives.

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In Greece talk, Bush urges Social Security reform

President George Bush raised the roof this morning speaking about his proposals to reform the Social Security system to a standing room only group at Greece Athena High School. Bush’s visit marked the first presidential visit to Rochester since his ...

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In Greece talk, Bush urges Social Security reform

President George Bush raised the roof this morning speaking about his proposals to reform the Social Security system to a standing-room-only group at Greece Athena High School. In addition to national, state and local leaders, those attending included former Buffalo ...

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Survey indicates area executives back Social Security changes

The current Social Security system has major problems or is in crisis, according to some 90 percent of the respondents surveyed by the Rochester Business Alliance Inc. this week. The survey garnered 209 responses from local executives. Results were released ...

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