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Today’s Top Stories

Real estate likely to cool slightly

For Rochester’s real estate markets, 1997 will be a repeat of 1996–only less so. That’s what the National Association of Realtors Inc.’s top economic forecaster told some 600 Greater Rochester Association of Realtors Inc. members today. The news could be ...

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Kodak tops estimates;
stock price jumps

Eastman Kodak Co.’s net earnings for 1996 beat analysts’ expectations with an 18 percent increase over 1995. The company released its year-end and fourth-quarter earnings an hour before the stock market opened Thursday. The market reacted swiftly; by mid-morning, Kodak ...

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RIT elects two board members Daniel Bader and Herbert Washington have been elected to the board of trustees of Rochester Institute of Technology. Bader is president of Helen Bader Foundation Inc. in Milwaukee, and Washington is president of H.L.W. Fast ...

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Kodak beats estimates
for quarter, year

Eastman Kodak Co. Thursday morning releases its fourth-quarter and year-end earnings. Analysts expect quarterly earnings per share to hit $1.12, up from 80 cents a year ago, with $4.44 per share for the year, up from $3.67. The company’s fourth ...

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Market shrugs at
vinter’s results

Canandaigua Wine Co.’s Class A common stock price was down slightly today after the company released better-than-expected third-quarter results after the market closed Tuesday. Its Class A stock opened at $29 and closed at $28.75. Net income for the third ...

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ACC touts role
in U.K. rate drop

The United Kingdom’s telecom equivalent of Goliath has not fallen, but its rates will tumble. And ACC Corp.–casting itself in the role of David–is taking some credit for it. Company officials say increasing competition from itself and other telecom providers ...

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ACC touts role
in U.K. rate drop

The United Kingdom’s telecom equivalent of Goliath has not fallen, but its rates will tumble. And ACC Corp.–casting itself in the role of David–is taking some credit for it. Company officials say increasing competition from itself and other telecom providers ...

Read More »

Market shrugs at
vinter’s results

Canandaigua Wine Co.’s Class A common stock price was down slightly today after the company released better-than-expected third-quarter results after the market closed Tuesday. Its Class A stock opened at $29 and closed at $28.75. Net income for the third ...

Read More »

Transmation credit boosted Transmation Inc. has amended an agreement with its lender, Manufacturers and Traders Trust Co., to increase the amount in its revolving credit agreement to a maximum of $10 million. President Robert Klimasewski said the firm currently has ...

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Kodak beats estimates
for quarter, year

Eastman Kodak Co. Thursday morning releases its fourth-quarter and year-end earnings. Analysts expect quarterly earnings per share to hit $1.12, up from 80 cents a year ago, with $4.44 per share for the year, up from $3.67. The company’s fourth ...

Read More »

Transmation credit boosted Transmation Inc. has amended an agreement with its lender, Manufacturers and Traders Trust Co., to increase the amount in its revolving credit agreement to a maximum of $10 million. President Robert Klimasewski said the firm currently has ...

Read More »

Frontier Corp.
promotes Carr

Rochester Telephone Corp. CEO Jeremiah Carr was promoted today to executive vice president of parent Frontier Corp. Carr previously served as senior vice president. He retains his position as CEO of Rochester Tel and president of Frontier Telephone Group. Carr’s ...

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The Loop

The national Republican Party apparently has some sore feelings after the November elections. The Wall Street Journal reported Jan. 9 that GOP leaders “are adopting a tough post-election strategy: `Don’t get mad, get even.'” And whom do they want to ...

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State seizes
records

The state Insurance Department has seized records at six Prudential Insurance Co. offices in cities throughout the state, including Rochester, Buffalo and Syracuse. The department started investigations into Prudential’s sales activities in October after a multistate task force said it ...

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State seizes
records

The state Insurance Department has seized records at six Prudential Insurance Co. offices in cities throughout the state, including Rochester, Buffalo and Syracuse. The department started investigations into Prudential’s sales activities in October after a multistate task force said it ...

Read More »