Rochester OLED solutions company Orthogonal Inc. has named David Fyfe as chief executive. Co-founder John DeFranco will move into the executive vice president and chief technology officer role. Fyfe brings more than three decades of experience to the position. From ...Read More »
The Strong Museum is one of three Finger Lakes entities that have won new contracts for low-cost power from the New York Power Authority in its latest round of announcements. The ReCharge NY program provides power from Niagara Falls and ...Read More »
Xerox Corp. is exploring the possibility of a “strategic transaction” involving its customer financing business and related assets, a filing with the Securities and Exchange Commission this week shows. Monday’s filing included slides from a March 2019 presentation in which ...Read More »
The first batch of 9,000 new public safety radios manufactured by Harris Corp. have been delivered to the U.S. Department of Homeland Security’s Customs and Border Protection. The XL-200P radios are the first order from a $25.7 million contract awarded ...Read More »
Alstom Signaling Inc. and its partner, Barletta Heavy Division, have signed a contract to partner on a Massachusetts Bay Transportation Authority subway project. The contract is worth $90.5 million, company officials said. Alstom’s centers of excellence for transit signaling in ...
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The Cooper Cos. Inc., parent of local CooperVision Inc., this week posted improved first-quarter financials, beating Street estimates. For the first quarter ended Jan. 31, Cooper reported a 6 percent increase in revenue to $628.1 million. CooperVision revenue was up ...Read More »
Xerox Corp. plans to reorganize its corporate structure into a holding company, documents filed with the Securities and Exchange Commission Wednesday show. Following the restructuring, Xerox will become a direct, wholly-owned subsidiary of a new holding company. The purpose of ...
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LeRoy’s OrCon Industries Corp. has acquired AC Packaging for an undisclosed sum. The acquisition is expected to expand OrCon’s product and service offerings to include on-site crating. It is the company’s third plant, and first in Rochester. “This acquisition rounds ...Read More »
Amada Tool, a division of Amada America Inc., is planning an $8.8 million capital investment in the Genesee County city of Batavia that will add 17 jobs and retain 68. The company will receive up to $150,000 through Empire State ...Read More »
The U.S. manufacturing sector continued to expand in February, but at a slower pace than in several previous months. The monthly IHS Markit U.S. Manufacturing Purchasing Managers’ Index (PMI) shows a softer, but still solid, improvement in operating conditions across ...Read More »
Bausch Health Cos. Inc., the Canadian parent company of Bausch & Lomb Inc., will acquire certain assets of the bankrupted Synergy Pharmaceuticals Inc. for $195 million. A hearing to approve the sale is scheduled for March 1. “As we continue ...Read More »
All 129 employees at Alleson Athletic’s manufacturing operation will be laid off when the apparel plant in Henrietta closes this spring, according to a WARN posting on the New York State Department of Labor website. The worker adjustment and retaining ...Read More »