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Today’s Top Stories

RIT receives $3 million gift

The estate of Maurice R. Forman has bequeathed $3 million to Rochester Institute of Technology’s College of Business following the death of Forman’s widow, Maxine. The gift is one of the largest in the college’s history and the largest from ...

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Local stocks caught
in falling markets

Battered by last week’s volatile market, stocks of local firms–including some that plan to roll out second-quarter earnings this week–continue to take a beating. At midday, all major indexes were down sharply. The market bottomed out last Tuesday, when the ...

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Local stocks caught
in falling markets

Battered by last week’s volatile market, stocks of local firms–including some that plan to roll out second-quarter earnings this week–continue to take a beating. At midday, all major indexes were down sharply. The market bottomed out last Tuesday, when the ...

Read More »

RIT receives $3 million gift

The estate of Maurice R. Forman has bequeathed $3 million to Rochester Institute of Technology’s College of Business following the death of Forman’s widow, Maxine. The gift is one of the largest in the college’s history and the largest from ...

Read More »

Nu-kote celebrates expansion

Rep. Louise Slaughter and a host of other government officials joined Nu-kote International Inc. Saturday to celebrate the end of a two-year expansion project at Nu-kote’s Ridgeway Avenue plant. Nu-kote has pumped nearly $4 million into new equipment and employee ...

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Vasile charged with insider trading

Federal prosecutors this week charged Pittsford contractor Kenneth Vasile with insider trading. Vasile, 46, is president of Vasile Construction Co. of Rochester. He had been implicated in a Rochester Community Savings Bank insider-trading case orchestrated by former Gannett Co.

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Student Loan
reports gain

Student Loan Corp. reported a 14 percent profit gain for its second quarter, chalking up $16.1 million, or 80 cents a share, for the period ended June 30. The firm attributed a rise in core income to the growth of ...

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Student Loan
reports gain

Student Loan Corp. reported a 14 percent profit gain for its second quarter, chalking up $16.1 million, or 80 cents a share, for the period ended June 30. The firm attributed a rise in core income to the growth of ...

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Vasile charged with insider trading

Federal prosecutors this week charged Pittsford contractor Kenneth Vasile with insider trading. Vasile, 46, is president of Vasile Construction Co. of Rochester. He had been implicated in a Rochester Community Savings Bank insider-trading case orchestrated by former Gannett Co. Inc. ...

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Blues promote Bonino

Blue Cross and Blue Shield of the Rochester Area has promoted Patricia Bonino to executive vice president and chief operating officer of the Group Health Medical Centers. The position was created to more closely reflect Bonino’s job responsibilities, according to ...

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Blues promote Bonino

Blue Cross and Blue Shield of the Rochester Area has promoted Patricia Bonino to executive vice president and chief operating officer of the Group Health Medical Centers. The position was created to more closely reflect Bonino’s job responsibilities, according to ...

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B&L donates Olympics travel packages to Republicans Bausch & Lomb Inc. donated several dozen Olympics travel packages to the Republican National Committee to use as thank-you gifts for large contributors, according to the Associated Press. Bausch & Lomb declined to ...

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Bausch & Lomb earnings tank

Bausch & Lomb Inc.’s earnings for the second quarter ended June 29 were down 40 percent from the same period a year ago, the company said today. The firm reported second-quarter earnings of $30 million, or 54 cents a share, ...

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New owner of former
Fisons Corp. posts profit

The former Fisons Corp.’s new owner is singing the praises of its latest acquisition, saying it expects the Rochester pharmaceutical to spur future growth. Medeva PLC, which bought Fisons from Rhone-Poulenc Rorer Inc.

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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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