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Today’s Top Stories

Xerox stock slips after
news of derailed sale

Xerox Corp. stock withstood news of the aborted sale of its insurance holdings, dipping only slightly in high-volume trading today. Yesterday evening, Xerox revealed that its agreement to sell Talegen Holdings Inc. and the Resolution Group to Kohlberg Kravis Roberts ...

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New Internet site spotlights communities A Rochester computer software firm has launched a Web site–Our Home Town, USA http://www.our-hometown.com–that features information on more than 100 small towns and villages in Western New York. The site, developed by Structured Technologies Inc., ...

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Xerox stock slips after
news of derailed sale

Xerox Corp. stock withstood news of the aborted sale of its insurance holdings, dipping only slightly in high-volume trading today. Yesterday evening, Xerox revealed that its agreement to sell Talegen Holdings Inc. and the Resolution Group to Kohlberg Kravis Roberts ...

Read More »

Wilson Enterprises plans
to leave Midtown Tower

Wilson Enterprises plans to vacate its Midtown Tower offices at the end of the month, President Anthony Wilson says. The loss of the real estate development firm’s 2,500 square feet of space will not greatly affect the 208,000-square-foot building’s occupancy ...

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S&P sours on Canandaigua Wine

Canandaigua Wine Co. Inc. got more bad news yesterday when Standard & Poor’s downgraded its outlook for the firm from stable to negative. The rating change follows Canandaigua Wine’s announcement last Friday that its profits this year will take an ...

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Xerox makes changes in
EDS outsourcing pact

Xerox Corp. has “fine-tuned” its outsourcing contract with Electronic Data Systems Corp., two years into the 10-year, $3.2 billion deal. For several months, Xerox and EDS have been discussing various issues related to the contract, spokesman Jeffrey Simek said. Although ...

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Hahn Automotive lands NYS contract New York has awarded Hahn Automotive Warehouse Inc. a contract to supply automotive replacement parts statewide. The deal is worth approximately $2.25 million over three years, state officials say. It is the first time the ...

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Xerox makes changes in
EDS outsourcing pact

Xerox Corp. has “fine-tuned” its outsourcing contract with Electronic Data Systems Corp., two years into the 10-year, $3.2 billion deal. For several months, Xerox and EDS have been discussing various issues related to the contract, spokesman Jeffrey Simek said. Although ...

Read More »

S&P sours on Canandaigua Wine

Canandaigua Wine Co. Inc. got more bad news yesterday when Standard & Poor’s downgraded its outlook for the firm from stable to negative. The rating change follows Canandaigua Wine’s announcement last Friday that its profits this year will take an ...

Read More »

E-Znet seeks funds for expansion

On the heels of its deal with ICS/Executone Telecom Inc., E-Znet Inc. made a pitch to potential investors at a meeting of the Rochester Venture Capital Group this morning. E-Znet, a local Internet access provider, is looking for $200,000 to ...

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Xerox XSoft to sell Tab Works

Citadel Computer Systems Inc. has struck a deal to buy one of XSoft’s most popular utilities. Based in California, XSoft is a Xerox Corp. company that develops and markets software. Dallas-based Citadel plans to acquire TabWorks, an XSoft desktop utility ...

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Workers’ comp reforms
signed by Pataki

Gov. George Pataki today signed into law the workers’ compensation reform legislation passed in July. “These historic reforms will free employers to invest in their employees and their businesses by reducing workers’ compensation costs, and will help injured workers by ...

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Key, Fleet join online service KeyCorp and Fleet Financial Group are among 15 banks linking up with IBM Corp. to form a consortium to develop a secure home-banking network. The network will be owned and operated by the member banks. ...

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Workers’ comp reforms
signed by Pataki

Gov. George Pataki today signed into law the workers’ compensation reform legislation passed in July. “These historic reforms will free employers to invest in their employees and their businesses by reducing workers’ compensation costs, and will help injured workers by ...

Read More »

Xerox XSoft to sell Tab Works

Citadel Computer Systems Inc. has struck a deal to buy one of XSoft’s most popular utilities. Based in California, XSoft is a Xerox Corp. company that develops and markets software. Dallas-based Citadel plans to acquire TabWorks, an XSoft desktop utility ...

Read More »