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Banking & Finance

Upstate trails rest of nation in venture capital

Report shows one investment totaling $8 million in Q3; insiders say fundraising activity has declined By THOMAS ADAMS Upstate New York continues to lag the rest of the country in venture capital offerings, although its one investment of $8 million ...

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No longer behind the scenes at AM&M

As executives at AM&M Financial Services Inc. and Tompkins Trustco Inc. considered a merger four years ago, AM&M’s due diligence rested in the hands of Thomas Rogers, its 35-year-old chief operating officer. Despite his relative youth and admitted lack of ...

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Real Estate Developers

Real Estate Developers, local area of Monroe, Genesee, Livingston, Ontario, Orleans and Wayne counties; ranked by total local non-residential square footage

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Summit opens branch in Brighton

Summit Federal Credit Union this week opened its branch in Brighton, an environmentally friendly, 2,500-square-foot building at 1660 Monroe Ave., company officials announced Tuesday.

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Legislation in 2009 focuses on re-energizing the economy

This year has brought a flurry of new tax laws, including several meant to stimulate economic activity. Some affect high-income people, while others aim to re-energize small and midsize firms. Local tax experts voice optimism about the laws’ effects, especially ...

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Converting to a Roth IRA could be a good idea for some

As 2010 approaches, many taxpayers are preparing to take advantage of a provision in the Tax Increase Prevention and Reconciliation Act of 2005 that will go into effect for the new year. The new regulation will give taxpayers a unique ...

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Tax hikes hover over high-income earners, small firms

For accountants and tax preparers awaiting changes to tax laws in 2010, the question is what, not if. "It’s no secret that (President Barack) Obama is committed to raising both the ordinary income tax and capital gains tax rates on ...

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Judge signs order on sale of piece of Webster project

By WILL ASTOR In a move that might or might not signal the beginning of the end for Webster developer Lawrence Frumusa’s attempts to hold onto his debt-laden real estate holdings, U.S. Bankruptcy Judge John Ninfo II signed an order ...

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New fund secures $51M

DeltaPoint Capital Management LLC has closed the first offering for its newest private equity fund, including a $25 million investment from the New York State Common Retirement Fund. The Rochester firm has secured $51 million for its DeltaPoint Capital IV ...

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Pinnacle Foods to buy Birds Eye for $1.3 billion

Pinnacle Foods Group LLC, a manufacturer of brands including Duncan Hines, Vlasic and Mrs. Butterworth’s, announced Thursday it has signed an agreement to purchase Birds Eye Foods Inc. for some $1.3 billion.

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Trillium Group invests in Canandaigua company

The latest investment for the Trillium Group LLC is a multimillion-dollar injection this week in ClearMomentum Inc., a Canandaigua-based developer of financial analytics software for companies that report finances.

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Cash management services make professional firms more efficient

A physician friend once said the only business training he ever got in medical school was the suggestion that he make any luxury purchases before starting his practice. Otherwise, patients would think they were paying for his car or boat and would resent his fees.

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Zapata reports loss in Q3; announces name change

Zapata Corp. posted a loss in its third quarter, the company said Wednesday. The Brighton-based holding firm also disclosed plans regarding its merger with the Harbinger Group Inc., which includes a name change. Zapata will be called Harbinger.

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Cuomo, state officials rally for pension reforms

Attorney General Andrew Cuomo was joined in Rochester by local representatives of the state Legislature to drum up support for Cuomo's proposed reforms of the state pension system.

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