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Special Report

Airport development lags
while airlines switch gears

What’s in a name? As far as the Greater Rochester International Airport is concerned, apparently not much. Revamped and renamed some five years ago, the facility remains closer in spirit to its former, more parochial tag: the Monroe County Airport. ...

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Life-insurance trust useful
as tool to save estate tax

In general, the federal and New York estate-tax systems work on a simple principle: If you own or control property, it will be subject to estate tax when you die. The rates are high: Federal estate-tax rates start at 37 ...

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New FNB branch
gets time capsule

First National Bank of Rochester this week buried a time capsule at the site slated for its newest branch office, at Paul Road and Chili Avenue in the town of Chili. The historic site is the former home of the ...

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Proposal targets
ATM safety

State Attorney General Dennis Vacco last week announced proposed legislation setting uniform security standards for automated teller machines, and imposing harsher penalties for ATM-related violent crimes. “ATM banking has become a routine convenience for millions of New Yorkers. Unfortunately, it ...

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Fleet group
nets SBA mark

Fleet Financial Group Inc. has become the nation’s first financial institution to receive the U.S. Small Business Administration’s “Regional Preferred Lender” designation. Fleet was awarded the newly created designation following a comprehensive evaluation of its past SBA lending activities, underwriting ...

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Women profit from life-cycle investment planning

–At 20, you’ve chosen a profession, vowing to give it your all. You probably have a part-time job, a new car and an apartment. Overall, your investment program needs to be geared toward growth. The formula is to take your ...

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Innovative ideas
snag venture capital

MIKE DICKINSON In 1982, Gordon Presher and three colleagues devised an innovative way to provide precision computer-motion control for automated manufacturing. These would-be entrepreneurs figured it would cost a half-million dollars to bring their product idea to market. Presher and ...

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Playing by Chapter 11 rules boosts odds of returning to the game

Chapter 11 is like the stadium tunnel after a football game. It’s a favorite hangout of cynics, critics and others jockeying to get in one last poke at the losing team before it heads back to the locker room. Legally, ...

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Self-policing signals
securities-industry change

In Washington, D.C., Securities and Exchange Commission chairman Arthur Levitt Jr. instituted an initiative against rogue brokers and took a tenaciously pro-customer, consumer-protective stance. Also in Washington, the U.S. Supreme Court ruled that New York investors who commence arbitrations against ...

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Lilac Festival showcases
local vendors, products

From its modest beginnings in 1898 when a group of 3,000 gathered to view the blooms on a handful of bushes that had been planted at the corner of Highland Avenue and South Goodman Street, the festival has grown exponentially, ...

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Bar proprietors need business smarts, high spirits

Rustler’s Roost is a country/western spot advertising vittles and brew, where cowboy clothes are popular and customers can take lessons in country dance. Dicky’s Restaurant is a neighborhood gathering place where the fourth generation of the same family works behind ...

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Lines blurred
in hotel industry

Hotel rooms for the week of the Ryder Cup are completely booked. Rochester is awaiting an onslaught of out-of-town spectators for the event at Oak Hill Country Club, and the hospitality industry is welcoming them with open arms. But the ...

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Perks with a fun factor deliver happy campers

When Chase Manhattan Bank N.A. celebrated its success the last two years, it gave each of 35,774 employees worldwide a paid day off and a bonus of $300 in 1993 and $375 in 1994. At Amarel Precision Instruments Inc. in ...

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Learning-centered training develops skills, people

As organizations today grow flatter and more responsive to customer demands, the ways they train their employees are evolving as well. Fading are the images of a classroom full of adults, eyes riveted to the instructor and slides projected on ...

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Having benefits explained is premium benefit

It is the mother of all benefits–the benefit of having your benefits explained. Yet it still is on the fringes of the giant benefits industry, reserved mostly for top-level executives of Fortune 500 companies. Help with digesting the financial-planning implications ...

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