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Today’s Top Stories

Fleet may merge
with BankBoston

Two of the largest banks in the Northeast, BankBoston Corp. and Fleet Financial Group Inc., are discussing the possiblity of a merger, The Boston Globe reported today citing unidentified sources. The banks told the Globe they would not discuss any ...

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Microlytics,
SanTi to merge

Microlytics Inc. and SanTi Group Inc. have entered into a definitive merger agreement. The agreement has U.S. Bankruptcy Court Judge John Ninfo’s approval, and has been okayed by Microlytics shareholders and creditors. Under the reorganization plan, Microlytics will reverse split ...

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Credit unions pass
Senate hurdle

Credit unions yesterday won another victory in Congress after the Senate Banking Committee passed a bill that would allow them to continue to recruit new member groups. Locally, thousands of people could be affected by the legislation if it’s passed ...

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Fisher says Kodak
cost cuts on schedule

“On target and on schedule.” That is how Eastman Kodak Co. CEO George Fisher described cost reduction plans unveiled last November. Fisher and other senior managers met with investors and reporters today in New York to review the company’s performance ...

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Credit unions pass
Senate hurdle

Credit unions yesterday won another victory in Congress after the Senate Banking Committee passed a bill that would allow them to continue to recruit new member groups. Locally, thousands of people could be affected by the legislation if it’s passed ...

Read More »

Home Properties
expands

Home Properties of New York today added $53.7 million in Maryland apartment properties to its portfolio, making its first entry into the state. Home Properties says it paid for the four-complex, Baltimore-area package with $21.4 million worth of operating-partnership units ...

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Village Green
sells P.A. store

In an attempt to rejuvenate its main store in Rochester, Village Green Bookstore Inc. today closed the sale of its Doyletown, Pa. store. “What we have successfully achieved is the sale of the Village Green store in Doylestown, Pa.,” said ...

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Deal struck to
sell Hyatt

Corh Associates has struck a deal with a Cincinnatti-based real estate firm to sell the Hyatt Regency Rochester. Comporex, a developer and owner of a diversified real estate portfolio including several hotels, is in negotiations to buy the 337-room downtown ...

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Jostens to close
Webster plant

Jostens Inc. will close its plant in Webster as part of plans to consolidate two photo processing plants. Approximately 108 full-time and 230 seasonal employees work at the plant and will lose their jobs. The closure is expected by August. ...

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L.I. firm buys
Saunders Group

Photographic product supplier, the Saunders Group was today acquired by a Long Island company in the same industry. It creates the largest manufacturing and distribution company in the business. Tiffen Manufacturing Co.

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L.I. firm buys
Saunders Group

Photographic product supplier, the Saunders Group was today acquired by a Long Island company in the same industry. It creates the largest manufacturing and distribution company in the business. Tiffen Manufacturing Co. of Hauppauge, Long Island, bought Saunders and intends ...

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Jostens to close
Webster plant

Jostens Inc. will close its plant in Webster as part of plans to consolidate two photo processing plants. Approximately 108 full-time and 230 seasonal employees work at the plant and will lose their jobs. The closure is expected by August. ...

Read More »

Deal struck to
sell Hyatt

Corh Associates has struck a deal with a Cincinnatti-based real estate firm to sell the Hyatt Regency Rochester. Comporex, a developer and owner of a diversified real estate portfolio including several hotels, is in negotiations to buy the 337-room downtown ...

Read More »

Village Green
sells P.A. store

In an attempt to rejuvenate its main store in Rochester, Village Green Bookstore Inc. today closed the sale of its Doyletown, Pa. store. “What we have successfully achieved is the sale of the Village Green store in Doylestown, Pa.,” said ...

Read More »

Home Properties
expands

Home Properties of New York today added $53.7 million in Maryland apartment properties to its portfolio, making its first entry into the state. Home Properties says it paid for the four-complex, Baltimore-area package with $21.4 million worth of operating-partnership units ...

Read More »