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News and Trends

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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Local savings and loans follow national trend

Rochester-area savings and loans followed the national pattern, with some asset shrinkage and an overall solid third quarter. Thrifts nationwide posted a $1.5 billion profit before extraordinary items, up $377 million or a 34 percent increase over second-quarter 1994 earnings. ...

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News in Brief

Frontier, ICS Connect ICS/Executone Telecom Inc. announced yesterday that it has become an agent of Frontier Communications of Rochester Inc. Under an agreement reached with the competitive subsidiary of Frontier Corp., ICS now can sell the full range of Frontier’s ...

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Pataki energizes push
to computerize courts

On again and off again for years, the drive for electronic efficiency picked up new steam recently from Pataki administration calls for government cost cutting. If the point is to streamline government, networks tying courts and administrative tribunals will do ...

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Health agency protests
state plan to gut funds

The Finger Lakes Health Systems Agency and seven other agencies around the state would lose $5 million with the approval of the proposed budget. The agencies were set up to review applications for additions or renovations of regional health facilities, ...

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JAM sees payoff
in digital services

The firm last week opened a digital services department, providing a new process to convert analog and paper materials to digital form. CD-ROM mastering also is available from the in-house bureau. The conversion process allows companies to transfer existing training, ...

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Little impact seen
from bank seizure

Superintendent of Banks Neil Levin said Tuesday that check-processing and securities custody operations of Nationar, taken over Feb. 6, are being farmed out. Bicknell Advisory Services Inc., an investment banking service in Scarsdale, will assist state banking authorities in chopping ...

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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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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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