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Manufacturing

Xerox’s credit rating cut

Standard & Poor's Ratings Services said Tuesday it has lowered its corporate credit rating on Xerox Corp. to 'BBB-' from 'BBB.'

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New leader at Garlock details plans

Expanding its presence here and abroad through acquisitions is one way Garlock Sealing Technologies LLC plans to remain competitive in the industry, its top leader said. President Dale Herold said the firm, which is based in Palmyra, Wayne County, acquired ...

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HTR to pilot manufacturing program

A new daylong seminar open to Rochester area manufacturers and sponsored by High Technology Rochester Inc. is aimed at getting companies to cut costs while growing profits.

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ITT Corp. posts rise in profit

ITT Corp.’s Rochester-based Space System divison reported an increase in fourth-quarter and year-end sales Wednesday.

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Acquisition boosts RF’s capabilities

Harris Corp., the parent company of Rochester-based RF Communications, has acquired the technology assets of Canada-based OSI Geospatial Inc.’s land-based, situational awareness business.

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Kodak expands manufacturing in China

Eastman Kodak Co. is opening a second production line in China to meet growing demand for its printing plates in that nation and the Asia Pacific region.

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Kodak shares jump after trouncing Street expectations

Shares of Eastman Kodak Co. stock surged some 18 percent at midday Thursday after the company delivered a big fourth quarter. It posted a strong profit, its first after four quarters of losses, and higher revenues—easily beating Street expectations.

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Transcat profit, revenues grow

Aided by sales to the wind energy industry, performance at Transcat Inc. went from stabilization to recovery phase in its third fiscal quarter. The company reported its results Monday after the market closed.

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Rochester Midland approved for tax breaks

Rochester Midland Corp., a maker of specialty chemicals, was approved Thursday by the County of Monroe Industrial Development Agency for property tax breaks on a $13 million move from the city to the town of Ogden.

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Survey shows business conditions worsen

General business conditions in the Rochester area declined in December, a monthly survey by the National Association of Purchasing Management-Rochester Inc. shows.

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Trade group honors Victor firm leader

The Electronics Representatives Association announced the leader of a Victor sales firm is the recipient of the 2009 Ray Hall Spirit of ERA Award.

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