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Farrell pleads guilty to insider-trading charges

Thomas Farrell pleaded guilty Thursday to criminal securities-fraud charges stemming from his masterminding of an insider-trading ring here. Freed on bond following his arraignment and plea before a federal judge in New York City, Farrell is scheduled to be sentenced ...

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As top execs depart, Microlytics regroups

Can hot technology save Microlytics Inc.? That is the question asked of the troubled software firm after the resignation of two top executives this year. Roy Haythorn–embroiled in a lawsuit against Xerox Corp. that shocked employees and investors by disclosing ...

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Usual workers’ comp battle lines drawn

It is deja vu all over again. Once more New York lawmakers are taking aim at workers’ compensation reform, and as before the measures nearest and dearest to business’ heart are meeting substantial resistance from labor. Employers have long attacked ...

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Fund created to help build housing units

The Essex Investment Group Inc., Home Properties of New York Inc.’s Conifer Realty subsidiary and the Greater Rochester Housing Partnership have teamed up to create a $2 million fund to boost low-income housing in the Rochester area. The $2 million–pledged ...

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AT&T offer heats up Internet access competition

AT&T Corp. rocked the Internet-access industry this week by unveiling plans to offer that service free to its 80 million residential long-distance customers. With AT&T giving away what some see as their bread-and-butter business, local Internet-access providers should be shaking ...

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Haythorn resigns
as SEG president

Roy Haythorn stepped down last week as president of the Software Executives Group of Western and Central New York, a professional group formed five years ago. Haythorn was elected SEG president in October. At the time, the 29-year Xerox veteran ...

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Restaurant operators upbeat despite two recent casualties

Spaghetti Warehouse, one link in a national restaurant chain, has closed its doors on Central Avenue downtown. La Petite Maison, an independently owned French restaurant on Park Avenue, will do the same March 2. Restaurants are risky business and casualties ...

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UR Cancer Center cries foul over Roswell ads

The University of Rochester Cancer Center is crying foul over an advertising campaign recently mounted by Roswell Park Cancer Institute, saying the Buffalo facility is trying to muscle in on its turf. Roswell denies it is trying to horn in ...

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Chip-firm suppliers unfazed by gloomy report

Local firms feeding from the semiconductor trough see no sign of a satiated market, despite January’s downturn in demand marked by a key industry index. At JML Optical Industries Inc., customer demand is “blowing our socks off,” President Joseph Lobozzo ...

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Smith Broadcasting Partners closes deal to buy WROC

WROC-TV 8 has been sold to a group that earlier had sought to buy WHEC-TV 10. Smith Broadcasting Partners L.P. last month closed a deal to buy WROC, said John Purcell, Smith Partners senior vice president and WROC’s new general ...

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Increasing telecom competition
pressures union at Rochester Tel

Six years ago, the Communications Workers of America Local 1170 voted to strike against Rochester Telephone Corp. A week later, the union OK’d a three-year contract and the strike was averted. History seemed to repeat itself this week when the ...

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Bausch & Lomb asks for
dismissal of investors’ suit

Bausch & Lomb Inc. last week moved for dismissal of a shareholders suit that alleges the company phonied sales and hid facts to keep stock prices high. While mistakes were made, those papers state, the shareholders have no proof Bausch ...

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CEO’s condition
blurs IEC outlook

President and CEO Roger Main, founder and driving force behind IEC Electronics Corp. of Newark, suffered a heart attack last week and at midweek remained in guarded condition at Strong Memorial Hospital. In his absence, the condition of the firm ...

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Kodak bets a bundle on success of new Advanced Photo System

In the early 1970s, there was the disc camera, which thrived awhile, then died. More recently, photo CDs had their 15 minutes of fame on the consumer stage before being relegated to the chorus line of mostly commercial use. Now, ...

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New Labor Party needs support outside unions, experts say

Can politics give organized labor the push it needs to boost its sagging image, or will labor’s love be lost on a stillborn third-party? Local union leaders, who two weeks ago announced the formation of the Upstate Labor Party, are ...

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