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Today’s Top Stories

Student Loan profit rises

First-quarter net income for Student Loan Corp. grew 2 percent over the same period last year. However, the company’s core net interest margin was 2.51 percent, down from 2.78 percent a year ago. The company said the interest-margin decline was ...

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Nortonian workers vote
to unionize

Health-care workers at the 120-bed Nortonian Nursing Home have voted to unionize. One hundred and one workers out of 120 eligible at the private long-term-care facility voted 82-21 yesterday to establish a union under Service Employees International Union Local 1199. ...

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KeyCorp reports earnings KeyCorp posted first-quarter earnings of 96 cents a share, a 9 percent increase over the 88 cents reported for the same period last year. Last November, Key announced it would undertake a major restructuring effort centered around ...

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Student Loan profit rises

First-quarter net income for Student Loan Corp. grew 2 percent over the same period last year. However, the company’s core net interest margin was 2.51 percent, down from 2.78 percent a year ago. The company said the interest-margin decline was ...

Read More »

Key role seen for
Eastman Software

Eastman Kodak Co.’s newest subsidiary gives Kodak the “world-class software skills” necessary to grow and compete globally, officials say. On Wednesday, they introduced Eastman Software Inc. at the Association of Information and Image Management Conference in New York City. Eastman ...

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Gould profit up
on lower sales

Goulds Pumps Inc. today reported first-quarter earnings per share up 11.8 percent from a year ago. The company posted net earnings per share of 38 cents vs. 34 cents last year. Net income rose to $8 million on sales of ...

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SUNY search
narrows

The search for a new president at SUNY College at Brockport has been narrowed to two candidates. President John Van de Wetering is retiring July 1, and the SUNY Board of Trustees is expected to choose his successor in the ...

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SUNY search
narrows

The search for a new president at SUNY College at Brockport has been narrowed to two candidates. President John Van de Wetering is retiring July 1, and the SUNY Board of Trustees is expected to choose his successor in the ...

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Gould profit up
on lower sales

Goulds Pumps Inc. today reported first-quarter earnings per share up 11.8 percent from a year ago. The company posted net earnings per share of 38 cents vs. 34 cents last year. Net income rose to $8 million on sales of ...

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Key role seen for
Eastman Software

Eastman Kodak Co.’s newest subsidiary gives Kodak the “world-class software skills” necessary to grow and compete globally, officials say. On Wednesday, they introduced Eastman Software Inc. at the Association of Information and Image Management Conference in New York City. Eastman ...

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Frontier inks deal with Alaskan firm Frontier Corp. has signed a two-year carrier services agreement with ATU Long Distance Inc., Alaska’s largest local telephone company. In the deal valued at more than $10 million, Frontier will provide ATU-LD with domestic ...

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Hudson Hotels sales, loss rise Hudson Hotels Corp. posted first-quarter revenues of $8.3 million, a 261 percent increase over revenues of $2.3 milliona year ago. The company lost $341,663, or 8 cents a share, compared with earnings of $204,507, or ...

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Gleason
profit rise

Gleason Corp. today reported first-quarter earnings per share up 17 percent. For the period ended March 31, the Rochester gear-cutting machine maker showed net earnings of $1.01 a share vs. 86 cents a share for the same period last year.

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Kodak, Xerox caught
in stock-market plunge

The stock market fell sharply this afternoon, fueled by a sell-off in technology issues and interest-rate concerns stemming from a larger-than-expected 2.6 percent rise in April housing starts. (The Federal Open Market Committee meets Tuesday.) By 3 p.m.

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Essex recruits
brokers

Essex Investment Corp. has wooed two top brokers from the Rochester office of Prudential Securities Inc. Joining Essex as vice presidents last week were David Resch and John Post. Resch, a municipal bond expert, was named Essex senior vice president ...

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