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Manufacturing

Klein back at the helm

Joseph Klein is back at the helm of Klein Steel Service Inc. nearly 11 years after stepping back from the business to pursue other endeavors. 

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Gleason buys Swiss software firm

Gleason Corp. has acquired KISSsoft AG, the Rochester manufacturing firm said Thursday. KISSsoft, based in Switzerland, develops design software for gears and power transmission systems.

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Survey reports uptick in NY manufacturing

Manufacturing firms in New York reported that business activity expanded at the fastest pace since 2014, according to this month’s Federal Reserve Bank of New York’s Empire State Manufacturing Survey.

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Harris segment receives contract worth up to $403 million

Harris Corp.'s Rochester-based Communication Systems’ segment has been awarded a five-year contract that could reach $403 million from the Defense Logistics Agency for tactical radio spares and components.

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Guiding firm through changes

Ray Brown learned the hard way how to overcome adversity and make the most of a tough situation. For years, he raised bees. And in doing so he had been stung hundreds of times. Then one day he developed an ...

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New Xerox prepares for big product launch

Xerox Corp. is planning its largest product launch in the company’s history in 2017, its new leader recently said. Jeff Jacobson, who became CEO at the beginning of the year, said the company is also on track to deliver an ...

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Graham sales rise in third quarter

Graham Corp. posted year-over-year gains in third-quarter sales and profit, due in part to increased sales in the power market.

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Newly split Xerox reports drop in fourth-quarter profit, revenues

Shares of Xerox Corp. were down at midday after the company reported a drop in fourth-quarter sales and profit on Tuesday before markets opened. It was the company’s first report of its financial results since being split into two companies.

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Compensation for IEC chief executive rises 17%

The top executive at IEC Electronics Corp. reported an increase in compensation in 2016 over 2015, a filing with the Securities & Exchange Commission shows.

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Xerox adds CEO Jacobson and Motorola chief to its board

Xerox Corp. announced Friday two additions to its board of directors. Jeff Jacobson, Xerox’s CEO, and Greg Brown, chairman and CEO of Motorola Solutions Inc., have been named directors.

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