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Today’s Top Stories

S&P revises B&L
credit ratings

Standard & Poor’s has lowered its corporate credit rating for Bausch & Lomb Inc. and reduced its rating of the firm’s medium-term notes to triple-B from single A-minus. At the same time, the ratings were removed from S&P’s Credit Watch, ...

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WTO rules against
Kodak on all points

The United States and Eastman Kodak Co. today struck out–losing the entire case before the World Trade Organization against Japan. A WTO panel ruled against the United States and Kodak on all three counts in the dispute over access to ...

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DEC donates
equipment to RIT

Rochester Institute of Technology is benefitting from a donation of equipment worth $1.1 million from Digital Equipment Corp. Students are using the equipment to learn how to make computer chips and other microelectronic devices.

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S&P revises B&L credit ratings Standard & Poor’s has lowered its corporate credit rating for Bausch & Lomb Inc. and reduced its rating of the firm’s medium-term notes to triple-B from single A-minus. At the same time, the ratings were ...

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Gleason offers
1.6 million shares

Gleason Corp. today announced a public offering of 1.6 million shares of its common stock at $25.25 a share. The Rochester gear-cutting equipment maker itself put 400,000 shares on the market with the balance coming from other shareholders. Volume of ...

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Gleason offers
1.6 million shares

Gleason Corp. today announced a public offering of 1.6 million shares of its common stock at $25.25 a share. The Rochester gear-cutting equipment maker itself put 400,000 shares on the market with the balance coming from other shareholders. Volume of ...

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Simon School dean sees
slower growth in 1998

The dean of the William E. Simon Graduate School of Business Administration today predicted slower growth–but no recession–in 1998. Charles Plosser, speaking at the Simon School’s 19th annual economic outlook luncheon, forecast moderate growth in gross domestic product of 2.7 ...

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Batavia to get new multiplex cinema A new 10-screen movie theater will be built in the Genesee Country Mall in Batavia, city officials announced today. M&D Theaters hopes to break ground next year with the help of Krog Corp., redeveloper ...

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Simon School dean sees
slower growth in 1998

The dean of the William E. Simon Graduate School of Business Administration today predicted slower growth–but no recession–in 1998. Charles Plosser, speaking at the Simon School’s 19th annual economic outlook luncheon, forecast moderate growth in gross domestic product of 2.7 ...

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Xerox to sell
subsidiary

Xerox Corp. is selling its Xerox Adaptive Products Inc. subsidiary to a California firm specializing in technology for the blind and visually impaired. Headquartered in Peabody, Mass., Xerox Adaptive Products is a 20-year-old wholly owned subsidiary that markets and distributes ...

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LA Group wraps
up acquisition

The LA Group Inc. has completed its acquisition of Phoenix-based What-A-Product Inc. The deal is “a major stepping stone” in the LA Group’s plans to become a major player in the direct-response industry bridging the gap between television and retail ...

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Hahn Automotive sales steady, income drops Hahn Automotive Warehouse Inc. reported that fourth-quarter sales for fiscal 1997 were $36.8 million, compared with $36 million in the same period last year. However, income from continuing operations fell to $706,000, or 15 ...

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CPA firm joins
national alliance

The city’s third-largest accounting firm has joined a national alliance. Mengel, Metzger, Barr & Co. LLP will be able to offer services to and obtain assistance from the other members of the BDO Seidman Alliance. Global business opportunities drew Mengel, ...

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Frontier restructures
customer service units

Frontier Corp. today continued its restructuring by re-segmenting its customer service operations. The shift will mean a slight increase in customer service jobs in Rochester; doubling the size of the customer care center in Green Bay, Wis., and Billings, Mont.; ...

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Frontier restructures
customer service units

Frontier Corp. today continued its restructuring by re-segmenting its customer service operations. The shift will mean a slight increase in customer service jobs in Rochester; doubling the size of the customer care center in Green Bay, Wis., and Billings, Mont.; ...

Read More »