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Thomas exits as top executive
of Warehouse Auto Centers

Brian Thomas stepped out of a clouded Warehouse Auto Centers Inc. picture this week as directors voted in a veteran retailer to serve as CEO and, they hope, white knight. Days away from a deadline to fight or cooperate with ...

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Unions blast RG&E’s project bidding practices

To the voices of angry consumers, who accuse Rochester Gas and Electric Corp. of hiking rates precipitously to cover its own profligate spending, add those of angry unions who say the utility is stinting them on work. Two construction unions–Laborers’ ...

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New Ontario premier seen
as boon to business climate

Ontario is open for business. So says the Canadian province’s new premier, Progressive Conservative Michael Harris, elected June 8 on promises of sweeping reform. Businesses on both sides of the border are praising Harris and his agenda for change, which ...

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RTC sues Columbia officers, law firm over losses

Delayed fallout from the Columbia Banking Federal Savings Association debacle hit here last week in a suit seeking $27 million from former bank officers and directors and another $10 million from a local law firm. The Resolution Trust Corp., the ...

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Canandaigua lakefront development on the rise

After a decade of false starts, Canandaigua’s Rosepark development could rise this year, say Canandaigua city officials and private developers. Plans for a hotel to replace the void left by the demolished Roseland amusement park have been on the drawing ...

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Warehouse Auto hit
with creditors’ filing

When Warehouse Auto Centers Inc. founder Brian Thomas started talking about “raising new funds by various techniques (and) methodologies,” creditors stopped bargaining to get their bills paid. They decided to force the Rochester company into bankruptcy reorganization. Despite a series ...

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Keesan gears up for bid
to launch national magazine

Barry Keesan plans to launch a national magazine based on the business principles he acquired as founder and former CEO of Logical Operations Inc. Unlike Inc. magazine, which focuses on fast-growing companies, or Fortune, with its big-business orientation, Keesan’s Good ...

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City inks option to acquire
Hallman Chevrolet property

The city of Rochester has taken a $900,000 option to buy the former Hallman Chevrolet property. Located at the southern tip of the downtown Cultural District, the Hallman parcels long have been considered key to Rochester’s Vision 2000 downtown-development agenda, ...

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GRC name change
reflects transition

Greater Rochester Cablevision Inc. is changing its name to Time Warner Communications, the company announced yesterday. In the works for several months, the new name reflects the company’s focus on a wider range of communications, including cable television, residential telephone ...

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Competition arises here
for PC banking business

Citibank (New York State) sends its personal computer banking product into battle against Chase Manhattan Bank N.A.’s offering next week, in a launch that could threaten Chase’s dominance in the local market. The question is, what PC banking market? Both ...

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Access providers find gold in rush to Internet

ServiceTech Inc. doubled its work force in the past six months. E-Znet Inc. is busting at the seams, with plans to triple its current office space. And VivaNET’s customer base swells by dozens of accounts each week. For these three ...

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Financial performance of the area’s HMOs

FINANCIAL PERFORMANCE OF HMOs Year Ended Dec. 31, 1994 –Dollar Figures in Thousands BLUE CHOICE Year-End Membership 1994: 487,329 Year-End Membership 1993: 453,701 % Change: +7.4 Revenues: 1994: 633,253 1993: 575,122 % Change: +10.1 Expenses: Medical and Hospital 1994: 589,982 ...

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Rochester HMOs post 1994 gains despite new costs

Rochester’s two health maintenance organizations each boosted their revenues some 10 percent in 1994 while facing rising costs and, for Preferred Care, the close of its holding company’s Albany subsidiary. Revenues for Blue Choice, an HMO operated by Blue Cross ...

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Ad agencies
scout cyberspace

If the Internet were a pool and advertising agencies swimmers, Rochester’s firms are dipping their toes in before taking the plunge–and pulling their clients in with them. But few area agencies call their approach “cautious.” “Caution is a difficult animal,” ...

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Moscom’s Albert Montevecchio: Better days ahead

The following are remarks from Moscom Corp.’s annual meeting on May 12. Good morning. I am Albert Montevecchio, Chairman and CEO of Moscom Corp. I am pleased to welcome you to the 13th annual Stockholders’ Meeting of Moscom Corp. I ...

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