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News and Trends

Perry pins hopes
on outlet stores

Perry officials hope that Fuller Brush, a CPAC subsidiary, will be the first of many outlet stores drawn to the town, which has seen its business center shrink after Wal-Mart Stores Inc. opened in neighboring Warsaw and Geneseo two years ...

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Business execs go
silly for GeVa

The brainstorm has turned into “Stand Up for GeVa,” a comedy showcase featuring Rochester business professionals aiming to raise $50,000 for the theater. When Shah came up with the idea, he went to the GeVa board expecting the theater to ...

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Small-business delegates seek unity

“Our focus for the White House Conference is federal reform, but as we’re meeting, certainly we have concerns that are state-related,” said Ken Greene, co-owner of 26 area Bruegger’s Bagel Bakeries. New York’s delegates elected at a Dec. 15 meeting ...

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Rochester Optical sees black
as focus shifts from military

Two-and-a-half years later, Ho has pulled the company into the black, reduced reliance on the military contract and launched new product lines. He also has struck the balance between Rochester Optical and another company he heads, Ho Sales International Optics ...

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Shopping Bag contests
New York sales-tax rule

At stake is a $549,238 tax bill carrying an additional $291,143 in interest, the price of success for the Shopping Bag over a seven-year period ended in 1991. Shopping papers that contain more than 90 percent advertising must pay sales ...

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Asian, U.S. sales spur
Foster Wheeler revival

A unit of Foster Wheeler Corp. of Clinton, N.J., Dansville-based Foster Wheeler Energy makes steam-generating equipment and long has been Livingston County’s largest employer. In its heyday during the 1970s, the Dansville plant employed as many as 900 people. But ...

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Radionics sinks, leaves debt

The electronics manufacturer has vacated a facility on Atwal Drive in east Victor. Telephones at both Radionics and Venture Associates Inc.–a consulting firm headed by Radionics president Michael Matteson–have been disconnected. Matteson bought the Victor manufacturing firm in 1991. He ...

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Hindu woman sues Northern Telecom

An $8 billion worldwide company, Northern Telecom has approximately 600 employees in its Rochester office. Company officials were unavailable for comment on the suit, filed last week. Raji Raman was hit with the double-whammy of religious/ethnic and sex discrimination after ...

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News in Brief

DuPont Closing Plant E.I. DuPont de Nemours & Co. Inc. plans to close one of its two Rochester plants, throwing 200 people out of work. The Delaware-based firm announced last week that in mid- 1995 it will shut down its ...

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Strong bank spreads
create record profits

Banks posted third-quarter profits of $11.7 billion before extraordinary items, according to Sheshunoff Information Services Inc., an Austin, Texas, bank analyst. For the first three quarters, profits were $33.9 billion, up 10.8 percent over the same period in 1993. That ...

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