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Author Archives: Andrea Deckert

SPX lowers its 2004 profit outlook

SPX Corp. on Friday reduced its 2004 profit outlook in part because of the previously announced sale of its fire systems business.

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Dutcher named head of Ontario GOP

Canandaigua attorney Jay Dutcher was selected as chairman of the Ontario County Republican Committee this week, succeeding Rick Herman who resigned after serving in the role some 10 years.

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Parker Hannifin buys Trilogy Systems

Parker Hannifin Corp., a maker of industrial products, on Thursday said it has acquired a motion control company for an undisclosed amount. The acquisition of Trilogy Systems Corp. is expected to add to its earnings in the first full year, ...

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Bank, NY aid Surmotech growth

Surmotech Inc. will double its capacity and add up to eight jobs with assistance from the state’s Linked Deposit Program and M&T Bank Corp. The $250,000 project, which is expected to be completed by the end of the year, includes ...

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Bank, NY aid Surmotech growth

Surmotech Inc. will double its capacity and add up to eight jobs with assistance from the state’s Linked Deposit Program and M&T Bank Corp.

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Parker Hannifin buys Trilogy Systems

Parker Hannifin Corp., a maker of industrial products, on Thursday said it has acquired Trilogy Systems Corp., a motion control company, for an undisclosed amount.

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Paychex product reaches milestone

Paychex Inc.’s Major Market Services product now serves more than 25,000 clients across the United States—a new milestone. The payroll and human resources product for medium and large businesses was launched in 1996 to serve the more complex payroll and ...

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Paychex product reaches milestone

Paychex Inc.’s Major Market Services product now serves more than 25,000 clients across the United States—a new milestone.

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Ultralife CEO to exercise options

Ultralife Batteries Inc. reported today that John Kavazanjian, president and CEO, will exercise a portion of his stock options and sell the resulting 275,000 shares. The options have an exercise price of $5.19 a share. Ultralife stock (NasdaqNM: ULBI) was ...

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Ultralife CEO to exercise options

Ultralife Batteries Inc. reported today that John Kavazanjian, president and CEO, will exercise a portion of his stock options and sell the resulting 275,000 shares.

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Infopak’s new specialty aimed at local market

Information Packaging Corp. is looking to expand its business, a move that could add sales and employees. The Macedon-based company, primarily a manufacturer of compact disc and digital video disk packaging that creates packaging for commercial giants such as Sony ...

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City seeks public input on urban casino project

The public will get a chance to comment next week on a downtown casino, although many believe the creation of a gambling facility in Rochester in the near future is unlikely. The public forum is a way to gain insight ...

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Investment sends sales soaring at packaging firm

With his company on the verge of being sold nearly five years ago because of soft sales, the owner of American Packaging Corp. pumped millions of dollars into the business, resulting in nearly doubling revenues at the local operation. Over ...

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UR set to start construction of optics complex

Construction is expected to start in January on a $30 million building at the University of Rochester that will house the optics and biomedical departments. The five-story, 101,000-square-foot facility will contain offices, labs and classrooms for both departments. It is ...

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SPX amends compensation programs

SPX Corp.’s board today amended management restricted stock and director compensation programs the day after its chairman and CEO resigned. The company also hired the consulting firm Watson Wyatt Worldwide to review SPX’s executive compensation program, which many investors and ...

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