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Today’s Top Stories

Kodak to
buy Wang

Eastman Kodak Co. expects to buy Wang Laboratories Inc.’s document software business unit for $260 million. Word of an imminent deal was reported Monday in the Rochester Business Journal’s Daily Edition. Today, the two companies agreed to the sale, subject ...

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RCSB high
profits

Rochester Community Savings Bank holding company RCSB Financial Inc. today reported net income up $1.9 million for the fiscal year ended Nov. 30. The bank’s net income for fiscal 1996 was $39.7 million vs. net income of $37.8 million for ...

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Curtice profits
doubles

Curtice Burns Foods Inc.’s second-quarter earnings were double what they were a year ago, the company announced today. The company, a wholly owned subsidiary of Pro-Fac Cooperative Inc., made $23.8 million before interest, depreciation and amortization for the second quarter ...

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RG&E
pays fine

Rochester Gas and Electric Corp. has agreed to pay a $5,000 fine because of fish kills at two electric-generating plants last year. The state Department of Environmental Conservation announced yesterday that RG&E had signed a consent order agreeing to the ...

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Frontier profits
drop in 4th qtr

Frontier Corp. did not surprise investors today–it met their diminished expectations. The prospect of weak fourth-quarter results caused the stock to plummet 25 percent in early December. Earnings per share increased some 11 percent for 1996, but Frontier’s fourth-quarter revenues ...

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Childtime buys
Playcare centers

Childtime Children’s Centers Inc. will become the Rochester area’s largest proprietary day-care provider with the acquisition of seven Playcare Child Care centers. Childtime has signed an operating agreement to run the other two Playcare centers.

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Monroe
expands

Moving aggressively on two fronts, Monroe Title Insurance Corp. plans to merge its Tompkins County operation with its strongest competitor in the Finger Lakes county and to acquire another rival in Utica. The Rochester title and abstract firm intends to ...

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First Federal earnings set record First Federal Savings and Loan Association of Rochester today posted record earnings of $81.5 million for 1996, a 72.8 percent increase from the prior year’s results. Excluding two non-recurring gains, net income would have been ...

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The Loop

Who says the United States Postal Service isn’t customer-driven? After a retail-sale postcard was ripped during handling by postal workers, it arrived at our office wrapped in a plastic bag with “WE CARE” printed in large type on it.

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The Loop

Who says the United States Postal Service isn’t customer-driven? After a retail-sale postcard was ripped during handling by postal workers, it arrived at our office wrapped in a plastic bag with “WE CARE” printed in large type on it. It ...

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Monroe
expands

Moving aggressively on two fronts, Monroe Title Insurance Corp. plans to merge its Tompkins County operation with its strongest competitor in the Finger Lakes county and to acquire another rival in Utica. The Rochester title and abstract firm intends to ...

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Nixon Hargrave
leads in listing

More than 120 Rochester-area lawyers are listed in the just-released seventh edition of “The Best Lawyers in America,” with Nixon, Hargrave, Devans & Doyle LLP claiming 28 spots. Second locally was Harris, Beach & Wilcox LLP with 19 lawyers listed, ...

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Childtime buys
Playcare centers

Childtime Children’s Centers Inc. will become the Rochester area’s largest proprietary day-care provider with the acquisition of seven Playcare Child Care centers. Childtime has signed an operating agreement to run the other two Playcare centers. Financial terms were not disclosed. ...

Read More »

Frontier profits
drop in 4th qtr

Frontier Corp. did not surprise investors today–it met their diminished expectations. The prospect of weak fourth-quarter results caused the stock to plummet 25 percent in early December. Earnings per share increased some 11 percent for 1996, but Frontier’s fourth-quarter revenues ...

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PrimaCare Health
Resources bought

One of the country’s largest home health care companies has acquired PrimaCare Health Resources of Rochester Inc. Annualized revenues for the business purchased by American HomePatient Inc. are approximately $9 million. Acquiring PrimaCare is part of American HomePatient’s strategy to ...

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