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ACC’s 1994 loss fails to cool analysts’ ardor

Analysts are going gaga over ACC Corp.’s galloping growth, despite the firm’s bruised bottom line in 1994 and a reined-in response from Wall Street. “It’s just a matter of time (before the stock takes off),” said John Faessel, chief of ...

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RBJ’s NewsLink
begins publishing

The nation’s first electronic multimedia business newspaper debuts locally today, with the launch of Rochester Business Journal NewsLink. NewsLink contains the news, special reports, profiles, marketplace data, court information and full-color photographs that are published weekly in the newsprint edition. ...

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Debate surrounds bill to tighten job promises

When the city of Rochester lured Monro Muffler Brake Inc. to Holleder Industrial Park last year, it gave the company generous tax breaks tied to specific job-creation promises. If the jobs do not materialize, Monro Muffler’s tax breaks will evaporate. ...

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Kiosk-screen company acquires
Pittsford’s Factura Composites

Based in Pittsford, Factura manufactures cabinets for computerized vending and information kiosks. MicroTouch Systems, headquartered in Methuen, Mass., makes kiosk touch screens. Henceforth, the local firm will be known as Factura, a division of MicroTouch Systems. No operational changes will ...

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Small firms’ impact grows
in philanthropic assistance

But four years ago local insurance and financial professionals became involved. Since then, attendance has more than doubled. What’s more, the dinner has attracted corporate sponsors and become a major fund-raising event. Family Service now uses the dinner to raise ...

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Rochester Tel job shifts
spark union overtime refusal

The overtime shutdown was officially declared last Thursday, but many union workers began refusing overtime in late January. At issue are the jobs of 32 unionized repair service clerks, said Robert Flavin, president of the Communications Workers of America Local ...

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City Hall, Wilmorite discuss North Clinton garage deal

The move is one of several measures suggested by a Rochester Downtown Development Corp. parking study to reduce or even eliminate the city’s downtown parking facility ownership. A 14-member RDDC parking committee, whose members include Wilmorite vice president Karen Noble ...

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SEC lawyers sketch case
against former RCSB director

Securities and Exchange Commission attorneys outlined what they called “a sort of minimum case” against Farrell in arguments against motions to move the case from Virginia to Rochester for trial. Farrell’s stepmother, wife and former secretary at Gannett Co. Inc. ...

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Programs for industry
not safe from Pataki ax

First, the good news. Programs operated through the state Science and Technology Foundation came through relatively unscathed, although one major offering was eliminated. Funding remains stable–$1.1 million–for the foundation’s technology development organizations. High Technology of Rochester Inc. acts as this ...

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GRS worker’s death blamed
on Legionnaires’ disease

The action is accompanied by two others also filed in state Supreme Court this week by two GRS workers who suffered non-fatal bouts of the disease. GRS is not named in the suits. Meanwhile, concern among workers at the John ...

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Troubles roiling
export markets

Mexico–The Mexican peso crisis continues to loom large, spurring President Bill Clinton last week to tap$20 billion from the U.S. Treasury’s exchange-stabilization fund to spearhead a package of loan guarantees and direct loans to that country. Since Dec. 20, the ...

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Mexican crisis causes jitters
over sinking Canadian dollar

In the shadow of Mexico’s currency crisis, the Canadian dollar slowly slides, pulled down by burdensome debt and the threat of a Quebec secession. But though Canada shoulders its share of problems, both fiscal and factional, experts agree that unlike ...

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Allright purchases site for airport parking lot

A $2 million deal to buy the former hotel closed this week, said Nicholas Litton, Allright vice president. The parking company plans to start demolishing the hotel next month and to have the new lot operational by April. Meanwhile, Monroe ...

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Nursing homes fear impact
of governor’s budget plan

The operators also contend that passage of Gov. George Pataki’s budget will devastate an already struggling industry. New York’s nursing homes were in the black in 1993 despite a $27 million decline in income from the previous year, the Health ...

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SEC mum on intentions
for disgorged trading profits

But the SEC is not saying what happens to that pile of cash and any later kicked in by the two remaining defendants. Civil penalties in such cases belong to the U.S. Treasury. But the disgorged profits sometimes are returned ...

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