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Special Report

Rochester ranks high
for women in business

Rochester-area women make up half the local labor force, and they contributed more than $8 billion to the local economy in 1996, state statistics gathered by the Greater Rochester Metro Chamber of Commerce Inc. Statistics like those–and the fact that ...

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Women in Business:
Making it on their own

Thirty years ago, Valerie Mannix was replaced at her job after returning from maternity leave. That spurred her to start Mercury Print Productions Inc., which generated $21 million in revenues last year. Mannix, CEO of Mercury, was a pioneer back ...

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First-person stories wanted

Have you faced and overcome a challenging situation that others might learn from? Would you like to write about it for the Rochester Business Journal? If so, then we’d like to hear from you. Selected stories will be published in ...

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Companies revamping
product design process

At Transmation Inc., the design process used to be segmented: The engineers would design a product, then pass it on to manufacturing, which would then pass the finished product on to sales. Eighteen months ago, Transmation implemented a cross-functional approach, ...

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Manufacturing:
Back from the brink

One supposedly cannot teach an old dog new tricks. But getting a more than 100-year-old manufacturing firm to roll over and do something besides play dead was precisely the challenge third-generation factory owner Kent Fellows faced a while back. Three ...

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Communicating value of
benefits package a must

Imagine giving a big raise to an especially valued employee, hoping to enhance her loyalty–and then forgetting to tell her about the increase. Inconceivable, right? Why make a generous gesture and then fail to take credit for it? And yet ...

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New study finds retirees
open to Medicare HMOs

A new study has found that retirees are more receptive than in years past to participating in Medicare health maintenance organizations–which presents a new cost-cutting opportunity for companies. However, the Towers Perrin study also found retirees to be savvy consumers ...

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Court rulings stir debate
on HMO liability issue

Suing health maintenance organizations was a hot topic on the campaign trail. Candidates for state and federal seats used it in 1998 as one example of, in their opinion, needed HMO reforms. Court decisions this year have brought even more ...

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Employee Benefits/Insurance:
Help wanted

From high-technology companies to fast-food restaurants, local employers are feeling the pinch of a local labor shortage. That includes firms from contractors to automobile-parts makers that require traditional blue-collar skilled labor. “It’s hard to find people for your entry-level factory ...

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Trading on the Internet
can take some education

Using the Internet to trade stocks takes some education, says Daniel Hubbard, corporate communications director for Charles Schwab & Co.’s Rochester branch. Schwab is the country’s largest online trading firm. For one thing, online traders need to be patient, Hubbard ...

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Taking companies private

Pros: –It returns control and, in many cases, ownership to management. –A private corporation can focus on long-term goals rather than the short-term goals needed to satisfy public shareholders. For example, these long-term goals might not generate sufficient short-term profits ...

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Going private is the best
alternative for some firms

Most businesspeople are familiar with the term “going public.” When a corporation removes its publicly traded shares from the market and reverts to a private corporation, that is referred to as “going private.” Under Securities and Exchange Commission rules, a ...

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Disciplined investment
strategies avoid hot stocks

When Shakespeare wrote “To thine own self be true,” he probably wasn’t referring to a strategy for buying Internet stocks. But as with many of the Bard’s admonishments, it’s as relevant today as it was in Hamlet’s time. Any prudent ...

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Bill would deregulate
commercial insurance

Mention Bermuda and most people think immediately of the Bermuda Triangle. Last month, however, a New York Times article mentioned the small Caribbean island as part of a completely different kind of triangle. Because of its lack of corporate taxes ...

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Legislation contains
other provisions

The largest change the Uniform Accountancy Bill would provide for CPA firms is the ability to expand into financial services. However, the New York Society of Certified Public Accountants says the bill also contains the following provisions: –A change in ...

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