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Today’s Top Stories

Kodak to refurbish plant in Australia Eastman Kodak Co. plans to spend $58.3 million to upgrade its photographic paper plant in Melbourne, Australia. Increased production at the plant to support Asia-Pacific region sales is expected to begin next month. Kodak ...

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Kodak agrees to purchase majority stake in Fox Photo

Eastman Kodak Co. today announced it has struck a deal to acquire a 51 percent stake in CPI Corp.’s Fox Photo Inc. subsidiary. Through its CPI Photo Finish and Fox Photo divisions, the St, Louis, Mo.-based CPI is one of ...

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Rank moves to shed interest in Rank Xerox

The Rank Organisation PLC today announced a restructuring that moves it closer to shucking its remaining stake in Rank Xerox Ltd., Xerox Corp.’s European subsidiary. Xerox has an ongoing interest in acquiring Rank’s 20 percent share of Rank Xerox, spokesman ...

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CPAC subsidiary lands deal

CPAC Inc. this morning greeted shareholders at the firm’s annual meeting with news that its subsidiary, Allied Diagnostic Imaging Resources Inc., has signed a three-year deal with National Healthcare Distribution Inc., the country’s largest X-ray purchasing and distribution group. The ...

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Eastman Kodak files
complaint against Japan

Eastman Kodak Co. confirmed today that it has filed a complaint with the Japanese agency responsible for enforcing Japan’s anti-monopoly law. The company said the complaint formally asks the Japan Fair Trade Commission to investigate and correct what Kodak says ...

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Home Properties in talks
on private placement

Home Properties of New York Inc. says it is in negotiations with a major institutional investor regarding a $35 million private-placement offering. The news comes with an announcement today from the company of a second-quarter boost in funds from operations. ...

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NEC donates gear to RIT NEC Electronics Inc. has donated three high-tech steppers to Rochester Institute of Technology’s Microelectronics Department. The steppers–high-precision machines that project circuit images onto silicon wafers–have a total value of $3 million. They arrive due to ...

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Home Properties in talks
on private placement

Home Properties of New York Inc. says it is in negotiations with a major institutional investor regarding a $35 million private-placement offering. The news comes with an announcement today from the company of a second-quarter boost in funds from operations.

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Eastman Kodak files
complaint against Japan

Eastman Kodak Co. confirmed today that it has filed a complaint with the Japanese agency responsible for enforcing Japan’s anti-monopoly law. The company said the complaint formally asks the Japan Fair Trade Commission to investigate and correct what Kodak says ...

Read More »

CPAC subsidiary lands deal

CPAC Inc. this morning greeted shareholders at the firm’s annual meeting with news that its subsidiary, Allied Diagnostic Imaging Resources Inc., has signed a three-year deal with National Healthcare Distribution Inc., the country’s largest X-ray purchasing and distribution group.

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Performance Telecom gets funds

Two venture capital firms have pumped up Performance Telecom Corp. with a $4 million equity investment, the Rochester company announced today. Battery Ventures III of Boston and Bessemer Venture Partners IV–with offices in Wellesley Hills, Mass., Menlo Park, Calif., and ...

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Performance Telecom gets funds

Two venture capital firms have pumped up Performance Telecom Corp. with a $4 million equity investment, the Rochester company announced today. Battery Ventures III of Boston and Bessemer Venture Partners IV–with offices in Wellesley Hills, Mass., Menlo Park, Calif., and ...

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JCPenney to buy Fay’s Inc.

J.C. Penney Co. Inc. and Fay’s Inc. today announced the signing of a definitive agreement for JCPenney to acquire Fay’s, a leading drug store chain in the Northeast with nearly two dozen locations in the Rochester area. Under the terms ...

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Five area firms get state grants

Five companies in the Finger Lakes region have received $177,500 in state grants during the past six months, Gov. George Pataki’s office announced today. The grants, part of the state’s Industrial Effectiveness Program, were awarded to two Monroe County companies. ...

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Fishgold drops claim
against estranged wife

Rochester produce dealer Louis Fishgold has abandoned an attempt to hang his defunct firm’s financial woes on his estranged wife. Louis Fishgold Inc., which ceased operations last year, is the target of a federal civil action in which creditors seek ...

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