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Today’s Top Stories

Venture-capital funds investing
at record pace

Investment by venture-capital funds is setting records, according to a local group tracking that industry. One area company, Performance Telecom Corp., ranked among New York’s leaders in obtaining venture-capital funds during the third quarter of 1996. It was among seven ...

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Nine Mile Point 2 operating again The 1,137-megawatt Nine Mile Point 2 nuclear unit has resumed full power production after being shut a week ago for repairs. The adjacent 610-megawatt Nine Mile Point unit 1 was running at 82 percent ...

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Venture-capital funds investing
at record pace

Investment by venture-capital funds is setting records, according to a local group tracking that industry. One area company, Performance Telecom Corp., ranked among New York’s leaders in obtaining venture-capital funds during the third quarter of 1996. It was among seven ...

Read More »

Credit unions rush to boost ranks

The starter’s pistol fired this week and credit unions are out of the gate. Given at least a two-week reprieve from an injunction, local credit unions plan to kick off a membership drive to boost enrollment. “We are expecting a ...

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Monroe Title
boosts dividend

Monroe Title Insurance Corp. has more than doubled its year-end dividend to 30 cents a share. The dividend will be paid on Jan. 9 to shareholders of record as of the close of business on Jan. 2. The dividend last ...

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Credit unions
laud decision

Credit union officials welcomed a holiday gift that arrived Christmas Eve in the form of a federal court stay of an injunction that barred them from adding many new members. The U.S. Circuit Court of Appeals for the District of ...

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Judge approves
Thomson deal

A federal judge in Washington, D.C., has declared that the consent decree regarding Thomson Corp.’s acquisition of West Publishing Co. is in the “public interest.” Thomson officials said the ruling by U.S. District Judge Paul Friedman essentially seals the acquisition, ...

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Judge approves
Thomson deal

A federal judge in Washington, D.C., has declared that the consent decree regarding Thomson Corp.’s acquisition of West Publishing Co. is in the “public interest.” Thomson officials said the ruling by U.S. District Judge Paul Friedman essentially seals the acquisition, ...

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Credit unions
laud decision

Credit union officials welcomed a holiday gift that arrived Christmas Eve in the form of a federal court stay of an injunction that barred them from adding many new members. The U.S. Circuit Court of Appeals for the District of ...

Read More »

Monroe Title
boosts dividend

Monroe Title Insurance Corp. has more than doubled its year-end dividend to 30 cents a share. The dividend will be paid on Jan. 9 to shareholders of record as of the close of business on Jan. 2. The dividend last ...

Read More »

Renamed Meridian
expands focus

One of the area’s top computer sellers –with $20 million in annual revenues– has a new home, a new name and an expanded focus. Meridian Technology Group Inc. moved Nov. 25 from Henrietta to a 10,225- square-foot facility on Route ...

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Renamed Meridian
expands focus

One of the area’s top computer sellers –with $20 million in annual revenues– has a new home, a new name and an expanded focus. Meridian Technology Group Inc. moved Nov. 25 from Henrietta to a 10,225- square-foot facility on Route ...

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Home Properties sells
interest to pension fund

Home Properties of New York Inc. yesterday said it has entered into an agreement to sell a $35 million class A limited partnership interest in Home Properties of New York L.P. to the State of Michigan Retirement Systems. The limited ...

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Vasile gets probation,
fine for insider trading

Pittsford contractor Kenneth Vasile has been sentenced to three years’ probation, six months of which will be home confinement, for insider trading. Vasile, owner of Vasile Construction Co., also was fined $5,000 when U.S. District Judge Michael Telesca sentenced him ...

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Patient Infosystems goes public Patient Infosystems Inc. has undertaken an initial public offering of 2 million shares of common stock at $8 a share. Trading on NASDAQ under the symbol PATI, the Rochester-based firm provides health care information systems and ...

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