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Banking & Finance

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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Augmented reality will add images, information to real life

Sports fans are familiar with the computer-generated lines of scrimmage and first down displayed during televised football games; sci-fi fans may recall the displays used by RoboCop (or various Terminators) to assess their environment. The same technology is now being ...

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Banks

Banks, the local area is Monroe, Genesee,  Livingston, Ontario, Orleans and Wayne counties; ranked by 2009 total dollar value of local deposits  

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First Niagara reports jump in net income

First Niagara Financial Group Inc. on Thursday reported its third-quarter net income, excluding non-recurring items, rose 15 percent from a year ago.

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Tompkins Financial reports record net income in third quarter

Tompkins Financial Corp. on Wednesday reported record quarterly net income of $8.5 million, or 86 cents a share, up 6.6 percent from $7.9 million, or 81 cents a share, in the third quarter of 2008 and 5 cents better than Wall Street projections.

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Forte acquires Bryce Capital

Brighton money management firm Forte Capital LLC has purchased Perinton-based Bryce Capital Management LLC.

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Five Star parent posts Q3 profit

Financial Institutions Inc., parent of Five Star Bank branches in the Rochester market, reported third-quarter net income of $3.4 million, or 23 cents a share, a penny less than analyst projections.

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Spotlight: Personal income starts to edge up again

U.S. personal income grew 0.2 percent in the second quarter-a modest improvement but the first growth in a year, according to new data from the U.S. Bureau of Economic Analysis. In New York, personal income rose 0.2 percent from $902.1 ...

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HSBC remains on top

For the sixth straight year, HSBC Bank USA N.A. is the market share leader in local deposits in Rochester, data released last week by the Federal Deposit Insurance Corp. show. HSBC had $3.18 billion in local deposits at 39 offices ...

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Lawsuit targets CNB over notices for ATM fees

A Pennsylvania law firm specializing in class-action complaints has targeted the Canandaigua National Bank & Trust Co. in a suit seeking refunds for ATM customers who used machines that allegedly failed to properly post the fees charged. The suit, which ...

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Profit climbs at Northwest Bancorp

Northwest Bancorp Inc., parent of Northwest Savings Bank branches in the Rochester market, on Thursday reported its third-quarter profit climbed 22.7 percent.

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M&T profit jumps in third quarter

M&T Bank Corp. on Tuesday reported its third-quarter profit jumped nearly 41 percent. The bank reported net income of $128 million, or 97 cents a share, up from income of $91 million, or 82 cents a share, in the third quarter 2008.

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