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Special Report

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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Roadside motels, lodges
still make modest profits

Tired after a long drive from his home in Haverford, Pa., he chose the Towpath Motel on Monroe Avenue because it was close to the highway, appeared to be well-maintained and only set him back $45. “I usually stay in ...

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Companies finding ways
to trim travel budgets

Corporate travel used to mean first-class flights and expensive meals, scheduled according to the whim of the traveler. But those days are gone, say the National Business Travel Association and local travel experts. In 1997, American-based companies spent $165 billion ...

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Hotels, Meetings & Travel:
Destination: Rochester

This month marks the first anniversary of Edward Hall taking the helm of Greater Rochester Visitors Association Inc. Hall was hired as CEO of GRVA last May, inheriting an organization recovering from internal conflict. Prior to Hall’s arrival, former GRVA ...

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Rochester boasts much
Class A office space

The top 25 Class A office parks in Rochester alone have 4.7 million square feet of rentable space, and new complexes are going up on all corners of town. This listing also excludes the large amount of Class B flex-space ...

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Shift to service economy
boosts development

Rochester still boasts a strong manufacturing base that is the highest exporter per capita in the country and the seventh largest tooling and machining industry in the United States. However, in the local market, as in the rest of the ...

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Construction trades group
aims to find new recruits

An estimated 500,000 people are needed to enter the construction trades each year in the United States. Currently, some 200,000 skilled tradespeople are entering the field each year. At this rate, the job shortage in the construction industry will reach ...

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Real Estate & Construction:
Blurring the dividing lines

Sometimes it seems like you can’t tell the builders from the developers without a scorecard. Builders can develop and developers can build, and some seem to move between the two related–but distinct–categories fluidly. What makes a developer a developer and ...

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New wireless connection to the Web tested in schools

In June, fifth-grade students at the Rochester City School District’s Roberto Clemente School No. 8 will visit Washington, D.C. Thomas Hendry, the computer instructor at Roberto Clemente, helped the students prepare for their trip by taking them on a “virtual” ...

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Rochester firms want
to keep 716 area code

While no one in Rochester seems to be suggesting such an extreme move, several local business owners are genuinely concerned about the two available strategies for solving Rochester and Buffalo’s imminent phone number shortage. Here’s the dilemma: The 716 area ...

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Telecommunications:
The European connection

Inside the tourist office in the center of the Marianplatz, the heart of Munich, a display of the official phone card–ACC Telecom–dangles from the ceiling. ACC Corp., before becoming part of AT&T Corp., had launched an aggressive strike in Germany, ...

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