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Today’s Top Stories

Canandaigua CEO
upbeat on growth

Canandaigua Brands Inc.’s top executive today expressed confidence that the company will be able to sustain its recent growth surge. “By virtually any measure, fiscal 1998 was a record setting and satisfying year for Canandaigua Brands,” President and CEO Richard ...

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Xerox buyout offer
attracts 2,000

Xerox Corp. says 2,000 U.S. workers have agreed to take early retirement as part of the company’s drive to cut its global work force by 9,000. Employees had until May 30 to sign up for one of two buyout packages. ...

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R.F. division escapes
Harris knife

A major downsizing at Harris Corp. will not affect jobs or operations at its R.F. Communications Division here. Local officials said R.F. Communications continues to hit its profit targets and does not expect any changes. The parent company’s downsizing chiefly ...

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B&L stock advances
on second-quarter results

Bausch & Lomb Inc. shares rose today after the company reported second-quarter earnings that met Wall Street expectations. Shortly before 4 p.m., the stock was trading at $50.13 a share, up $1.63 or more than 3 percent and near its ...

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B&L stock advances
on second-quarter results

Bausch & Lomb Inc. shares rose today after the company reported second-quarter earnings that met Wall Street expectations. Shortly before 4 p.m., the stock was trading at $50.13 a share, up $1.63 or more than 3 percent and near its ...

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Kodak board elects new officers Eastman Kodak Co.’s board of directors today elected five new officers. Elected were: David Pollock, treasurer; Mark Rajkowski, controller; and Karel Czanderna, Jeff McLeod and Carl Marchetto, corporate vice presidents. The board also declared a ...

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R.F. division escapes
Harris knife

A major downsizing at Harris Corp. will not affect jobs or operations at its R.F. Communications Division here. Local officials said R.F. Communications continues to hit its profit targets and does not expect any changes.

Read More »

Xerox buyout offer
attracts 2,000

Xerox Corp. says 2,000 U.S. workers have agreed to take early retirement as part of the company’s drive to cut its global work force by 9,000. Employees had until May 30 to sign up for one of two buyout packages. ...

Read More »

Canandaigua CEO
upbeat on growth

Canandaigua Brands Inc.’s top executive today expressed confidence that the company will be able to sustain its recent growth surge. “By virtually any measure, fiscal 1998 was a record setting and satisfying year for Canandaigua Brands,” President and CEO Richard ...

Read More »

Graham Corp.’s
profit jumps

Graham Corp. saw first-quarter earnings more than double, but Asia’s economic ills have prompted the Batavia-based company to boost marketing efforts. In the quarter ended June 30, net income leaped to $964,000, or 57 cents a share, from $433,000, or ...

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Xerox lands big
DocuPrint order

Xerox Corp. has scored a 2,000-printer order for a recently introduced printer-copier hybrid. The company today said it will supply Beverly Enterprises with 2,000 DocuPrint N17 models. Xerox declined to reveal the sale’s value.

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SPX to acquire owner of Lightnin, Kayex SPX Corp. today confirmed it will buy General Signal Corp. in a deal valued at $2 billion. The cash and stock transaction values General Signal at $45 per share. It closed Friday at ...

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Xerox lands big
DocuPrint order

Xerox Corp. has scored a 2,000-printer order for a recently introduced printer-copier hybrid. The company today said it will supply Beverly Enterprises with 2,000 DocuPrint N17 models. Xerox declined to reveal the sale’s value. The 17-page-per-minute N17 retails for $999, ...

Read More »

Graham Corp.’s
profit jumps

Graham Corp. saw first-quarter earnings more than double, but Asia’s economic ills have prompted the Batavia-based company to boost marketing efforts. In the quarter ended June 30, net income leaped to $964,000, or 57 cents a share, from $433,000, or ...

Read More »

Kodak sells Kings Park complex

Eastman Kodak Co. has sold the Kings Park office complex in Irondequoit for $19.5 million. HRPT, a Boston-based real estate investment trust, bought the fully leased 309,000-square-foot facility at the end of June. It had been on the market since ...

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