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Manufacturing

B&L adds new director to board

Bausch & Lomb Inc. has added former Schering-Plough Corp. chairman and CEO Fred Hassan to its board.

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Xerox team creates armor for printers

A team of Xerox Corp. engineers in Webster played an integral role in the development of a chemical armor that company officials say can extend the lifespan of some printer components.

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Ultralife CFO announces resignation

John Casper, Ultralife Corp.'s vice president of finance and chief financial officer, has resigned to pursue other opportunities, the Wayne County firm announced Wednesday.

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Jolt founder sues firm for $31 million

Jolt Cola Inc. founder C.J. Rapp has filed a $31 million lawsuit targeting the New York City-based private-equity firm that took over the company, moved it to New Jersey and ousted him earlier this year.

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IEC sales, net income climb

IEC Electronics Corp. reported Monday that its net income, excluding a special item, climbed some 63 percent in its fiscal fourth quarter.

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New Graham orders total $3.9 million

Graham Corp. has been awarded three orders totaling $3.9 million for custom-engineered steam surface condensers, the Batavia firm said late Thursday afternoon.

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GM to use $2.8 billion to buy pieces of Delphi

The Treasury Department has approved a $2.8 billion withdrawal from General Motors Corp.'s escrow account so it can purchase a "membership interest" in its former division.

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IEC ranks No. 29 on Forbes list

IEC Electronics Corp. ranked the highest among local companies on this year’s Forbes 200 Best Small Companies in America.

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Constellation in talks with Australian firm

Constellation Brands Inc. is considering selling certain assets and combining parts of its Australian and U.K. wine operations with a leading Australian wine company in exchange for a substantial but non-controlling interest in the combined entity.

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Graham sales, profit slump

Graham Corp. reported drops in second-quarter sales and profit Friday, citing sustained weakness in the U.S. and international refining and petrochemical markets.

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Magnatag founder’s son becomes heir apparent

Wallace Krapf Jr. says he feels as if he has not worked a day in more than 40 years as founder and CEO of Magnatag Visible Systems and its parent company, W.A. Krapf Inc.

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Panelists give insights on international business

When Richard Rosenbloom, the CEO and chairman of Ameritherm Inc., needed someone to manage the firm’s European business, he hired someone based on a resume. The move failed. What he should have done was meet with the candidate in person ...

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