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Today’s Top Stories

M&T Bank Corp.’s
profit increases

M&T Bank Corp.’s earnings rose 22 percent in the second quarter, from $6.40 a share to $7.78. Cash net income increased 48 percent, from $44.4 million to $65.4 million. Those numbers exclude expenses associated with buying ONBANCorp on April 1. ...

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Home Properties
acquires complex

Home Properties of New York Inc. has acquired a 467-unit apartment complex in the Philadelphia area. Racquet Club East consists of 257 garden-style apartments and 210 townhouses situated on 31 acres in suburban Levittown, Middletown Township. Home Properties paid $25 ...

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Veramark announces
German deal

Veramark Technologies Inc. continues to snare sales in the deregulating telecommunications market in Germany. The Pittsford-based company–formerly Moscom Corp.–today received an order for its VeraBill billing and customer-care software from Alcatel, one of its key international business partners. The system ...

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Union vote set for Cryovac

Union workers at Sealed Air Cryovac will vote this week whether to disaffiliate with the International Union of Electrical Workers. The vote, scheduled for tomorrow and Friday, affects 130 production and maintenance employees currently represented by IUE Local 325. Cryovac ...

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Union vote set for Cryovac

Union workers at Sealed Air Cryovac will vote this week whether to disaffiliate with the International Union of Electrical Workers. The vote, scheduled for tomorrow and Friday, affects 130 production and maintenance employees currently represented by IUE Local 325. Cryovac ...

Read More »

Veramark announces
German deal

Veramark Technologies Inc. continues to snare sales in the deregulating telecommunications market in Germany. The Pittsford-based company–formerly Moscom Corp.–today received an order for its VeraBill billing and customer-care software from Alcatel, one of its key international business partners. The system ...

Read More »

Home Properties
acquires complex

Home Properties of New York Inc. has acquired a 467-unit apartment complex in the Philadelphia area. Racquet Club East consists of 257 garden-style apartments and 210 townhouses situated on 31 acres in suburban Levittown, Middletown Township. Home Properties paid $25 ...

Read More »

B&L acquires stake
in South Korean distributor

Bausch & Lomb Inc. has bought half of its South Korean distributor, Young Han Inc. The purchase price of the stake in the distributor was not disclosed. John Loughlin, president of Bausch & Lomb’s North Asia division, told the Wall ...

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B&L acquires stake
in South Korean distributor

Bausch & Lomb Inc. has bought half of its South Korean distributor, Young Han Inc. The purchase price of the stake in the distributor was not disclosed. John Loughlin, president of Bausch & Lomb’s North Asia division, told the Wall ...

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RF Communications inks sales

Harris Corp. RF Communications Division was awarded more than $10 million in contracts from five European countries to purchase its Falcon radios. The customers: the Royal Netherlands Marine Corp.; Lithuania; Hungary; Poland; and an unidentified nation.

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Six make Business
Week Global 1000

Six homegrown Rochester companies secured places on the new Business Week Global 1000, an annual listing that ranks publicly held firms by market value. Xerox Corp. led the local group, earning the 107th spot, followed by Eastman Kodak Co. at ...

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RF Communications inks sales

Harris Corp. RF Communications Division was awarded more than $10 million in contracts from five European countries to purchase its Falcon radios. The customers: the Royal Netherlands Marine Corp.; Lithuania; Hungary; Poland; and an unidentified nation. The equipment includes high-frequency ...

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Frontier extends pact
with Internet firm Yahoo!

Frontier Corp. today signed a long-term deal with its marquee Internet content customer, Yahoo!. The agreement extends the relationship between Yahoo! and Frontier GlobalCenter, a company Frontier acquired this year. According to a May survey by Media Metrix, Yahoo! ranked ...

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Frontier extends pact
with Internet firm Yahoo!

Frontier Corp. today signed a long-term deal with its marquee Internet content customer, Yahoo!. The agreement extends the relationship between Yahoo! and Frontier GlobalCenter, a company Frontier acquired this year. According to a May survey by Media Metrix, Yahoo! ranked ...

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GM strikes hurt
ITT Industries

ITT Industries Inc. today said strikes against General Motors Corp. plants will cost it $40 million in lost sales and shave some $16 million–roughly 8 cents a share–from its second-quarter earnings. The White Plains-based ITT Industries has idled 1,800 workers ...

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