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

After growing strongly last month, business activity declined in New York state, according to firms responding to the May 2022 Empire State Manufacturing Survey.   The general business conditions index retreated thirty-six points to -11.6, its second negative reading in ...

Creating a vibrant and equitable Monroe County as a great place to live, work and raise a family can be achieved through focus on pillars of stability: economic and workforce development, public safety, public health and wellness and infrastructure. That ...

L3Harris Technologies’ Advanced Baseline Imager that was on a satellite launched into space in March has captured its first image there for the National Oceanic and Atmospheric Administration.   The instrument was built at the company’s Fort Wayne, Ind. facility, ...

Eastman Kodak Co. reported a first-quarter loss after markets closed Tuesday as company leaders described an extremely challenging business environment.   Kodak reported revenues of $290 million, up $25 million from revenues of $265 million during the previous year’s quarter.   The company ...

With no indication supply chain shortages will ease anytime soon, local manufacturers are planning ahead — way ahead. Increasing inventory is one way to ease anxiety and save a little money, says Eddie Harris, owner of American Specialty Manufacturing Co., ...

Hyzon Motors Inc. reported a first-quarter net loss attributable to the Honeoye Falls-based company of $8.5 million on revenue of $356,000 and operating expenses of $27.1 million. The first-quarter financial report showed a net loss of .03 per share for ...

A local millwork contractor will be featured tonight on an episode of the “Handcrafted Hotel” series airing on Magnolia Network and Discovery+.   Pioneer Millworks’ Farmington campus will be featured on the episode, which will contain interviews with the company’s ...

Ultralife Corp. reported a first-quarter net loss before markets opened on Thursday due, in part, to rapid input cost inflation and investments in engineering for new product development.   The company reported a net loss of $168 million, or a ...

Vuzix Corp. has collaborated with Ohana One, a global surgical training nonprofit organization, and TeleVU, a Canadian technology company, to provide critical support to medical personnel in Ukraine.   Vuzix has donated several M400 smart glasses, which will run TeleVU ...

CooperVision will expand operations at two separate locations in Monroe County in a $62 million project that will create up to 173 new jobs.    Citing an increase in global demand for its contact lenses and a growing product portfolio, the ...

GE Renewable Energy held a ribbon-cutting ceremony Thursday at its new research and development facility at the Apple Tree Acres Business Park in Bergen.   The site will be used to conduct research on how to 3D print the concrete base ...

Xerox Holdings Corp. reported on Thursday a first-quarter net operating loss due to broad-based inflationary pressure and increased logistics costs from supply chain disruptions.   The company reported a net loss of $56 million, or 38 cents a share, compared ...

Constellation Brands Inc. reported Thursday its fourth-quarter net income rose to $395.4 million, or $2.07 a diluted share, from $382.9 million, or $1.95 a diluted share, in the year-ago period.   Excluding items, Constellation Brands reported adjusted earnings of $451.7 million, ...

Constellation Brands Inc. has received a non-binding proposal from the Sands Family to declassify the company’s common stock and transition to a single class common stock structure, a move that the company’s founding family said could benefit the business and ...

Alro Steel has entered into an agreement to acquire certain assets of Klein Steel.   The transaction is expected to close by the end of April; financial terms were not disclosed. Alro leaders said the purchase will allow the Michigan ...