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Today’s Top Stories

Federal Reserve keeps hands off interest rates

The Federal Reserve is leaving interest rates unchanged for now. The Fed’s policymaking Open Market Committee ended a two-day meeting in Washington this afternoon without making any announcement on rates. The decision leaves the federal funds rate at 5.25 percent.

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Enterprise Awards nominees sought

Arthur Andersen & Co. is looking for nominees for its Enterprise Awards for Best Business Practices program in Rochester. In its second year, the national program honors small and midsize companies in four categories: customer satisfaction, motivation and retention of ...

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Hammondsport wine wins honors Dr. Konstantin Frank’s Semi-Dry Riesling has won top honors at a trio of national wine competitions. The wine, from Vinifera Wine Cellars in Hammondsport, is the first wine from New York to win the highest award ...

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B&L restructures;
18 posts cut here

As part of its ongoing restructuring efforts, Bausch & Lomb Inc. plans to eliminate 18 positions in its Rochester-based Thin Film Technology Division, six of whom are taking voluntary separations. The remaining 12 are to be laid off effective July ...

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Microlytics woes prompt layoffs

Layoffs at Microlytics Inc. last week have cut staff to slightly more than a dozen workers, as the software developer continues to struggle months after the resignation of its top executive. Reductions came primarily in marketing and support staff, a ...

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Paychex posts record profit

Paychex Inc.’s earnings rose 34 percent for the fiscal year ended May 31, the company reported today. Net income reached a record $52.3 million, or 77 cents a share, up from $39 million, or 58 cents a share, the year ...

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The Loop

Maybe it was an out-of-body visit Hillary Rodham Clinton isn’t the only one channeling these days–the national news media is taking its own trip to the land of imaginary events. Last week, the New York Times reported–erroneously, it turns out–that ...

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The Loop

Maybe it was an out-of-body visit Hillary Rodham Clinton isn’t the only one channeling these days–the national news media is taking its own trip to the land of imaginary events. Last week, the New York Times reported–erroneously, it turns out–that ...

Read More »

Paychex posts record profit

Paychex Inc.’s earnings rose 34 percent for the fiscal year ended May 31, the company reported today. Net income reached a record $52.3 million, or 77 cents a share, up from $39 million, or 58 cents a share, the year ...

Read More »

Microlytics woes prompt layoffs

Layoffs at Microlytics Inc. last week have cut staff to slightly more than a dozen workers, as the software developer continues to struggle months after the resignation of its top executive. Reductions came primarily in marketing and support staff, a ...

Read More »

B&L restructures;
18 posts cut here

As part of its ongoing restructuring efforts, Bausch & Lomb Inc. plans to eliminate 18 positions in its Rochester-based Thin Film Technology Division, six of whom are taking voluntary separations. The remaining 12 are to be laid off effective July ...

Read More »

Kodak makes BW’s Global 100 Eastman Kodak Co. is the only hometown company to make this year’s Business Week Global 100 list, which ranks public companies worldwide by market value. It claimed the 81st spot, up from 87th a year ...

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Breakthrough seen on hospital law

The law setting rates for hospitals has been extended four days while Gov. George Pataki and legislative leaders continue to work on its successor and the rest of the state budget. An hour before the New York Prospective Hospital Reimbursement ...

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CPAC moves into digital imaging

Marking its first venture into digital imaging, CPAC Inc. today revealed it has signed a deal with the medical imaging firm Voxel. CPAC will provide specialized chemicals for Voxel’s new holographic-imaging system, the company said. Voxel’s system combines digital technology ...

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Web Sights

Lovers of late-night infomercial aficionado L. Ron Hubbard can find information about him, his philosophy and his college, the Hubbard College of Administration, on the World Wide Web. The “Frequently Asked Questions” section offers some suggestions on management, communication and ...

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