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Today’s Top Stories

Marine Midland to buy
First Federal Savings

Marine Midland Bank N.A. bulked up its presence in the Rochester market with today’s announcement that it plans to purchase First Federal Savings and Loan Association of Rochester for $620 million. Marine Midland plans to consolidate branches and jobs after ...

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Utilities get PSC’s ear
on IPP contracts

The state Public Service Commission is looking at proposals that would make it easier for public utilities to cut out independent power producer contracts. In a statement released yesterday, PSC Chairman John O’Mara echoed a song long sung by investor-owned ...

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High-tech execs split on race

When Xerox Corp. CEO Paul Allaire backed Bill Clinton for president yesterday, he and other high-tech business leaders said Clinton’s policies had helped their companies thrive. Yet high-tech executives in Rochester fall on both sides of the political fence. “I’ll ...

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Plaintiffs in Lloyds case
get restraining order

Lloyd’s of London syndicate members in Rochester have obtained an order in state Supreme Court here stopping the hoary English insurance company from taking any more of their money. State Supreme Court Justice Thomas Stander yesterday signed a temporary restraining ...

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Money ranks Geneseo 21st SUNY College at Geneseo earned the 21st spot on Money magazine’s annual list of the top 100 best college buys in the country. It is the seventh year in a row that SUNY Geneseo has appeared ...

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Plaintiffs in Lloyds case
get restraining order

Lloyd’s of London syndicate members in Rochester have obtained an order in state Supreme Court here stopping the hoary English insurance company from taking any more of their money. State Supreme Court Justice Thomas Stander yesterday signed a temporary restraining ...

Read More »

High-tech execs split on race

When Xerox Corp. CEO Paul Allaire backed Bill Clinton for president yesterday, he and other high-tech business leaders said Clinton’s policies had helped their companies thrive. Yet high-tech executives in Rochester fall on both sides of the political fence.

Read More »

Kodak unit to buy
Konica film labs

Eastman Kodak Co.’s Qualex Inc. subsidiary will buy two of Konica Corp.’s main U.S. film-developing laboratories. Konica today called the deal part of its own restructuring. The plants to be acquired by Qualex are in Connecticut and Virginia, the Japanese ...

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Transmation boosts authorized shares

For the first time in the company’s 30-year history, Transmation Inc. today got shareholder approval to boost the number of common shares it is authorized to issue, making it possible to act quickly on potential acquisitions.

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Melton Shirt factory slated to close

The Melton Shirt Co. in Batavia plans to close its factory doors, probably by the end of the year. “The overseas competition has made it impossible to support the work force,” said Jonathan Perlis, co-owner and chief financial officer.

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The Loop

Not an official release A New York Times reporter encountered this bit of poor taste at last week’s Republican convention: William Smith, a retired Kodak mechanic, was wearing a T-shirt that read “”4,000 Kodak customers are lost each day through ...

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Melton Shirt factory slated to close

The Melton Shirt Co. in Batavia plans to close its factory doors, probably by the end of the year. “The overseas competition has made it impossible to support the work force,” said Jonathan Perlis, co-owner and chief financial officer. “We’re ...

Read More »

Transmation boosts authorized shares

For the first time in the company’s 30-year history, Transmation Inc. today got shareholder approval to boost the number of common shares it is authorized to issue, making it possible to act quickly on potential acquisitions. More than 70 shareholders, ...

Read More »

Kodak unit to buy
Konica film labs

Eastman Kodak Co.’s Qualex Inc. subsidiary will buy two of Konica Corp.’s main U.S. film-developing laboratories. Konica today called the deal part of its own restructuring. The plants to be acquired by Qualex are in Connecticut and Virginia, the Japanese ...

Read More »

Guardian Industries plans
to build plant in Geneva

Guardian Industries Corp. of Auburn Hills, Mich., will build a $125 million float glass plant in the Geneva Industrial Park. The project, which could create 250 jobs, has been in the works for several months as Guardian Industries worked out ...

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