Xerox Corp. on Tuesday received shareholder approval to reorganize as a wholly-owned subsidiary of a new holding company. Xerox announced plans for the reorganization in March. Shares of company stock (NYSE: XRX) dropped roughly 3 percent on Wednesday as a ...
Tagged with: reorganization xerox
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Rochester Regional Health recently was named winner of the George K. Hansen Exemplar Award, the highest honor given by the Greater Rochester Quality Council. Rochester Regional Health was recognized for its Optimizing EMR Alerts, an improved med administration initiative. The ...
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Two of Rochester’s largest commercial printers have merged, consolidating space and staff in Henrietta. Canfield & Tack Printing Inc., an employee-owned printer, and Cohber Press plan to operate as one company from Cohber Press’s John Street location in Henrietta. Although ...
Tagged with: canfield & tack cohber eric webber mergers ray brown
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OptiPro Systems LLC, will celebrate the grand opening of a 15,000-square-foot machine technology center on June 19 and 20. OptiPro Systems, 6368 Dean Parkway in the Wayne County town of Ontario, provides precision CNC machine tools and Mastercam software to ...
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IEC Electronics Corp. has been awarded a top global defense company contract worth more than $50 million. The multiyear contract is for a program the Newark manufacturer has supported for several years from a single service line. The new contract ...
Tagged with: contracts department of defense iec
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Eastman Kodak Co. after the bell on Thursday reported a first-quarter loss of $18 million, a $7 million improvement from the same quarter last year. For the quarter ended March 31, Kodak posted revenues of $291 million, compared with $318 ...
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The Reducing Embodied-Energy and Decreasing Emissions (REMADE) Institute has selected 12 new projects for funding, including two involving Rochester Institute of Technology. “The selection process was highly competitive,” said Magdi Azer, REMADE’s chief technology officer. “We received many comprehensive submissions ...
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Aloi Materials Handling & Automation has acquired Automated Cells & Equipment of Painted Post, Steuben County, for an undisclosed sum. Company officials said Aloi plans to integrate operations into a single company. Both companies offer products and solutions targeted to ...
Tagged with: acquisitions aloi automated cells & equipment
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IEC Electronics Corp. posted mixed second-quarter results on Wednesday, beating Street estimates on revenue, but missing on earnings. For the quarter ended March 29, the Wayne County manufacturer reported revenues of $37.3 million, a more than 17 percent increase from ...
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Nationwide Precision Products, a Henrietta-based machining manufacturer that opened for business in 1965, will close in late summer and lay off all 50 employees. A Worker Adjustment and Retraining Notification (WARN) posting says layoffs will begin on Aug. 1. The ...
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Horizon Solutions, a 160-year-old wholesale distributor of electrical, industrial, and safety solutions, has acquired Bangor, Maine-based N.H. Bragg for an undisclosed sum. The deal closed earlier this year. “We are thrilled at the opportunity to acquire a company with such ...
Tagged with: acquisitions horizon solutions M&T Bank NH Bragg
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Ultralife Corp. on Thursday reported a substantial drop in first-quarter revenue and earnings, resulting from delayed shipments, company officials said. The company also announced an acquisition in Texas. For the quarter ended March 31, the Wayne County maker of power ...
Tagged with: acquisitions Earnings ultralife
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Students enrolled in vocational or technical programs or accepted to a trade school will have an opportunity to apply for a new scholarship being offered by the state of New York and the New York State Thruway Authority. The Thruway ...
Tagged with: skilled trades thruway
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S. Manian Ramkumar, who has been an interim engineering dean at Rochester Institute of Technology, has been named to his position permanently after a national search. Ramkumar has both studied at RIT and has been on the faculty, and is ...
Tagged with: engineering technology Manian Ramkumar new dean Rochester Institute of Technology
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A Rochester holding company plans to consolidate its holdings here and double its staff in the next five years. CBC Manufacturing, a holding company that owns and operates various manufacturing businesses that support solar, optics, aerospace and medical services industries, ...
Tagged with: cbc manufacturing empire state development ESD
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