Home / Today’s Top Stories (page 3550) /

Today’s Top Stories

Paychex boosts
profit 35 percent

Net income at Paychex Inc. rose 35 percent in the first quarter ended Aug. 31. The Penfield company today reported earnings of $23.1 million, or 21 cents a share, compared with $17.1 million, 16 cents a share, a year ago. ...

Read More »

B&L product receives FDA approval The U.S. Food and Drug Administration has issued a letter of approval for an eye-inflammation treatment called Lotemax. The new-drug application was submitted by Bausch & Lomb Pharmeceuticals Inc. and Pharmos Corp. Florida-based Pharmos developed ...

Read More »

Paychex boosts
profit 35 percent

Net income at Paychex Inc. rose 35 percent in the first quarter ended Aug. 31. The Penfield company today reported earnings of $23.1 million, or 21 cents a share, compared with $17.1 million, 16 cents a share, a year ago. ...

Read More »

Market hammers Kodak

Eastman Kodak Co. shares continued to nosedive today as the market reacted to the company’s warning that earnings for the third quarter and year could fall far short of last year’s results. In afternoon trading, Kodak’s stock was off $3.25, ...

Read More »

Insurance agency
reacquired

The former owner of Lawrence United Corp.’s Rochester insurance agency has reacquired the business and renamed it the Monroe Group Inc. One of the largest insurance brokerages in the state, the Albany-based Lawrence United in February filed a Chapter 11 ...

Read More »

Allaire urges family
friendly culture

Policies alone do not a family friendly business make, Xerox Corp. CEO and chairman Paul Allaire says. Addressing 75 chief executives today as the keynote speaker at the CEO Summit on Relinking Life and Work in New York City, Allaire ...

Read More »

Allaire urges family
friendly culture

Policies alone do not a family friendly business make, Xerox Corp. CEO and chairman Paul Allaire says. Addressing 75 chief executives today as the keynote speaker at the CEO Summit on Relinking Life and Work in New York City, Allaire ...

Read More »

Insurance agency
reacquired

The former owner of Lawrence United Corp.’s Rochester insurance agency has reacquired the business and renamed it the Monroe Group Inc. One of the largest insurance brokerages in the state, the Albany-based Lawrence United in February filed a Chapter 11 ...

Read More »

Sara Lee may sell Champion

Sara Lee Corp. today disclosed a three-year restructuring plan that forecasts the sale of non-food units. Among those units is Champion Products, which Sara Lee acquired for $320 million in 1989. Sara Lee moved Champion’s headquarters to North Carolina and ...

Read More »

Kodak warns of decline
in third-quarter results

Eastman Kodak Co. today said it expects to report lower third-quarter lower sales and earnings. George Fisher, chairman and CEO, described Kodak’s sales and earnings performance for July and August as “poor” and, for the quarter to date, below a ...

Read More »

Eastman House awarded prestigious grant George Eastman House has received a $112,500 general operating support grant–the maximum amount awarded–from the Institute of Museum and Library Services. Of the 1,061 museums and libraries that applied this year, only 202 received a ...

Read More »

Kodak warns of decline
in third-quarter results

Eastman Kodak Co. today said it expects to report lower third-quarter lower sales and earnings. George Fisher, chairman and CEO, described Kodak’s sales and earnings performance for July and August as “poor” and, for the quarter to date, below a ...

Read More »

Sara Lee may sell Champion

Sara Lee Corp. today disclosed a three-year restructuring plan that forecasts the sale of non-food units. Among those units is Champion Products, which Sara Lee acquired for $320 million in 1989. Sara Lee moved Champion’s headquarters to North Carolina and ...

Read More »

Former Ragu plant gets
new life

The mothballed former Ragu Foods Inc. factory will see new life as a multi-tenant business park. Buckingham Properties LLC acquired the idled spaghetti-sauce plant in August, renaming the property the Gateway Business Center. The firm so far has leased nearly ...

Read More »

Hyatt GM promoted to
Chicago post

Hyatt Hotels Corp. today said it has promoted Hyatt Regency Rochester general manager Norman Canfield to a post at its Chicago headquarters. Replacing Canfield is Steven White, a 10-year Hyatt veteran. White most recently managed a 161-room Hyatt in downtown ...

Read More »