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Manufacturing

RF Communications gets $47 million order

Harris Corp’s RF Communications operation in Rochester has received a $47 million order for wideband radio systems from an undisclosed nation in the Middle East, as part of county’s continuing tactical communications modernization program.

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VisualDx to move downtown

After 15 years at Winton Place in Brighton, Logical Images Inc. is moving downtown. The move comes on the heels of a rebranding effort and new prospects for growth. The company, which has rebranded itself as VisualDx Inc., is slated ...

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Torvec reports net loss, to focus on WAM Watch

Torvec Inc. continued to report losses in revenue and earnings in 2014 and has narrowed its development focus to two products, documents filed with the Securities and Exchange Commission show.

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VirtualScopics posts bigger loss for Q4, year

VirtualScopics Inc. on Thursday reported a net loss for the fourth quarter of $1.1 million, or 38 cents a share, compared with a net loss of $1 million, or 35 cents a share, in the fourth quarter a year ago.

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B&L helps Valeant deliver strong ’14 results

Valeant Pharmaceuticals International Inc. credited sales growth in much of Bausch & Lomb’s product line as contributing to what Chairman and CEO Michael Pearson told analysts this week was a banner year and a strong fourth quarter for the company. ...

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B&L parent Valeant shares jump on news of deal to buy Salix

Sent sharply higher by Sunday’s news that it plans to acquire Salix Pharmaceuticals Ltd., Valeant Pharmaceuticals International Inc. shares on Monday continued to hold ground they gained at the market’s opening bell.

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Carestream tries to recoup recall costs

Carestream Health Inc. is trying to recover its costs for a 2014 recall of Kodak DirectView DR 7500 System X-ray machines from the Spanish company it holds responsible for installing faulty parts in the equipment.  In a lawsuit filed Feb. ...

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Conditions for N.Y. manufacturers improve modestly

Business activity continued to expand at a modest pace in February for New York manufacturers, the Federal Reserve Bank of New York’s Empire State Manufacturing Survey reports.

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IEC to submit plan of compliance to NYSE

IEC Electronics Corp. plans to submit a plan of compliance to the New York Stock Exchange after receiving a letter from the exchange stating the company was not in compliance with certain regulations.

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Panel, leaders optimistic for area economy

Area panelists discussed Rochester’s economic outlook on Feb. 5 at the “2015 Economic Outlook: Rochester and the Upstate Region”—part of the Rochester Business Journal’s Power Breakfast Series. More than 250 people were in attendance to hear about Rochester’s economic future. ...

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Former IEC president named CEO

IEC Electronics Corp.’s former number-two executive is now its CEO. In a filing with the Securities and Exchange Commission, the electronics manufacturer named Jeffrey Schlarbaum as president and CEO.

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