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News and Trends

Existing homes purchased at fastest pace in a decade

Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. Home sales rose 3.3 percent in January from December to a seasonally adjusted annual rate of 5.69 million, the National Association of Realtors said Wednesday.

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MCC program posts strong growth

Monroe Community College is helping local precision machining firms find skilled workers by training potential employees and getting them into the workforce faster than was done in the past. 

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Former First Niagara Financial Group CEO tees it up

It could be the punchline for a joke: a former banker lands a dream job involving golf. But here is one time the dream came true. John Koelmel, the former president and CEO of First Niagara Financial Group Inc. has ...

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Downtown’s revival gets praise, optimism

Thomas Masaschi has a long-term vision for the development of downtown. And five years in, the managing partner of DHD Ventures LLC is happy with what has been done so far. “I’m excited to see the new development downtown,” Masaschi ...

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RIT blames infringement on film professor

Rochester Institute of Technology says only the film professor who duped its scholarly publishing arm should be blamed for RIT Press’ publication of a copyright-infringing anthology of an iconic film critic’s work.   As the Rochester Business Journal previously reported, ...

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Cobblestone eyes launch of third fund in spring

Looking to provide clients with a new option for private income-oriented investments, Cobblestone Capital Advisors LLC in Brighton decided to create its own investment vehicle three years ago. The Cobblestone Private Investment Fund launched in January 2013 and closed in ...

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RCare looks to expand with international push

Response Care Inc., which operates as RCare, attended the Medica Trade Fair in Dusseldorf, Germany, in November, launching RCare Mobile internationally. RCare is a wholesaler of wireless nurse call and personal emergency response systems for eldercare and senior living facilities. ...

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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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IRS, experts warn firms of all sizes about scams

Sometimes the first clue comes when an employee, chatting with a colleague, mentions she filed her taxes and got a puzzling message from the Internal Revenue Service that she already had filed. If the colleague says, “hey, that happened to ...

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Mental health agency conquers $1M deficit

Villa of Hope started 75 years ago as an orphanage and eventually became a residential care facility. For a long time, the nonprofit met a community need, and there was little reason to change. The organization has become a leading ...

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Suit comes amid background check questions

A recently filed lawsuit that takes Weg-mans Food Markets Inc. to task for allegedly failing to properly alert job seekers that a third-party service would run a background check on them comes amid questions over the accuracy of information provided ...

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