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Today’s Top Stories

Monro Muffler’s earnings skyrocket

Earnings jumped a record 63 percent for Monro Muffler Brake Inc. in first-quarter numbers the Rochester-based auto-repair firm released today. Monro started fiscal 1997 with a bang, showing net income for the quarter ended June 30 of $3.38 million vs.

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Gleason accelerates
in second quarter

Driven by a record level of new orders, Gleason Corp. today reported a 61 percent hike in sales for the second quarter, topped off by profits that outpaced last year by 31 percent. Net income for the maker of gear-cutting ...

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Pataki signs use-tax repeal

Gov. George Pataki has signed legislation that repeals a use tax on promotional materials mailed to New York residents. Current law requires New York-based marketers and any other direct mailer using New York-based vendors to determine what percentage of a ...

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PSC boosts resellers’ discount

In a move aimed at boosting local phone competition, the state Public Service Commission today ruled that Frontier Corp. must offer rivals deeper discounts to resell local service in Rochester. “We’re upset about this–it defies common sense,” said John Purcell, ...

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Home Properties makes acquisitions Home Properties of New York Inc. has acquired four apartment communities, paying a total of $17.4 million. The properties–located in Orange and Ulster counties–have 584 units. The purchase will be financed through a combination of assumed ...

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Monro Muffler, Q Lube ink deal

Monro Muffler Brake Inc. has inked a joint-venture deal with Quaker State Corp. subsidiary Q Lube Inc. to develop an unspecified number of Q Lube quick-change oil operations adjacent to Monro Muffler shops. The agreement follows a letter of intent ...

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Monro Muffler, Q Lube ink deal

Monro Muffler Brake Inc. has inked a joint-venture deal with Quaker State Corp. subsidiary Q Lube Inc. to develop an unspecified number of Q Lube quick-change oil operations adjacent to Monro Muffler shops. The agreement follows a letter of intent ...

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PSC boosts resellers’ discount

In a move aimed at boosting local phone competition, the state Public Service Commission today ruled that Frontier Corp. must offer rivals deeper discounts to resell local service in Rochester. “We’re upset about this–it defies common sense,” said John Purcell, ...

Read More »

Pataki signs use-tax repeal

Gov. George Pataki has signed legislation that repeals a use tax on promotional materials mailed to New York residents. Current law requires New York-based marketers and any other direct mailer using New York-based vendors to determine what percentage of a ...

Read More »

Gleason accelerates
in second quarter

Driven by a record level of new orders, Gleason Corp. today reported a 61 percent hike in sales for the second quarter, topped off by profits that outpaced last year by 31 percent. Net income for the maker of gear-cutting ...

Read More »

Kodak showing helps
stock defy market’s fall

Eastman Kodak Co. stock gained against a plummeting market today on news of a strong second quarter. The company’s chief financial officer, meanwhile, revealed that Kodak will likely retain an equity stake in its poorly faring copier unit.

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Two executives leaving
posts at Frontier

At least two executives have resigned following a reorganization at Frontier Corp., the company confirmed today. Paul Celuch, former vice president of business partners for Frontier’s long-distance operations, left the company July 8.

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The Loop

Churn, churn, churn From the Frontier Corp. rumor mill: Bill Oberlin, the former ALC exec who bailed shortly after his firm merged last year with Frontier, reportedly has set up shop in the same building that houses the Frontier/ALC marketing ...

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The Loop

Churn, churn, churn From the Frontier Corp. rumor mill: Bill Oberlin, the former ALC exec who bailed shortly after his firm merged last year with Frontier, reportedly has set up shop in the same building that houses the Frontier/ALC marketing ...

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St. Mary’s Hospital wins award St. Mary’s Hospital has received the 1996 Foster G. McGaw Prize for Excellence in Community Service. The prize is awarded annually by the Baxter Foundation, the philanthropic arm of Baxter International Inc., and the American ...

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