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

Imagine: You are ill and go to your doctor for help. Unbeknownst to you, your doctor is on the payroll of a pharmaceutical firm, and he gets a cut of all the sales he makes of a particular drug. You ...

Financial Institutions Inc., the parent of Five Star Bank, reported a smaller second-quarter profit compared with a year ago.

Local business leader Fred Strauss died Friday morning, on his 88th birthday, family members said. He served as president of Rochester Community Baseball Inc. from 1984 to 1990.

Generations Bank leaders have noticed a change in what happens in their branches. The Seneca Falls-based bank has seen traffic in its physical locations drop as customers instead take more banking online. The bank is responding with investments in technology ...

Bonadio & Co. LLP is expanding its work into corporate security, tapping the former head of worldwide corporate security for Eastman Kodak Co. in the effort. The accounting and consulting firm has hired Ed Schram, who led security for Kodak, ...

First Niagara Financial Group Inc. has hired a former HSBC Bank executive to lead its commercial card and payments business.

This October a Tech Startup Expo will bring together community members to invigorate the local startup climate, officials said Monday. The one-day event is presented by ESL Federal Credit Union.

The city of Rochester is getting an upgrade, with Mayor Lovely Warren announcing Friday the city’s fiscal outlook from Standard & Poor’s Ratings Services has improve from stable to positive.

Lawley Benefits Group LLC has plans to grow in the Rochester area, and it is leaning on a former competitor and a move to technology to do it. The Buffalo-based employee benefits firm recently hired Bryan Bond, former president of ...

Investing in a sales force can be a decision-making nightmare most of the time. Finding the right people can be a boon to profits, but the wrong team can be a handicap. For small businesses, this can be an especially ...

Instead of falling under fast growth’s spell, various small businesses in the Rochester area are showing that slow and steady can win the race. Their strategies range from cultivating collaborations to cherry-picking opportunities that complement their core business. Brand reputation ...

Chase Bank USA N.A. has agreed to put $11.3 million in New York’s coffers and pay approximately $6 million in restitution to 5,300 customers, New York Attorney General Eric Schneiderman said Wednesday.

Judy Seil stood outside Five Star Bank’s groundbreaking for its branch at the CityGate development, listening as her former employer praised her new one. Seil, who served as Monroe County director of planning and development and head of the County ...

A bitcoin wallet firm based at Rochester Institute Technology’s Venture Creations hub has raised $1.5 million to continue its quest to become a major player in the emerging cryptocurrency industry. Along with supporting the development of partnerships, the investment will ...

Two local companies have earned praise as great places to work for millennials.