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Today’s Top Stories

PSC responds to utilities’ suit

A lawsuit filed Wednesday by Rochester Gas and Electric Corp. and seven other publicly owned utilities in New York is a “distraction,” says John O’Mara, state Public Service Commission chairman. The utilities objected to what RG&E called the PSC’s “vague” ...

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Eastman Chemical downgrades third-quarter profit estimates

Eastman Chemical Co. today said it expects third-quarter earnings will fail to match current analysts’ estimates. First Call reports the analysts’ range as from $1.38 to $1.63 per share. The company said it currently projects third-quarter earnings per share at ...

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New York City agency
buys Crane Advertising

Emmerling Post Advertising in New York City has acquired Crane Advertising Inc. The Rochester agency and its estimated $8 million in annual billings will be absorbed into Emmerling Post, and owner Stephen Crane will relocate to New York City and ...

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Moody’s upgrades RCSB rating Moody’s Investor Service has upgraded the deposit rating of Rochester Community Savings Bank to Baa2/Prime-2 from Baa3/Prime-3, as well as the rating on the bank’s counterparty and other senior obligations to Baa3 from Ba1, according to ...

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New York City agency
buys Crane Advertising

Emmerling Post Advertising in New York City has acquired Crane Advertising Inc. The Rochester agency and its estimated $8 million in annual billings will be absorbed into Emmerling Post, and owner Stephen Crane will relocate to New York City and ...

Read More »

Eastman Chemical downgrades third-quarter profit estimates

Eastman Chemical Co. today said it expects third-quarter earnings will fail to match current analysts’ estimates. First Call reports the analysts’ range as from $1.38 to $1.63 per share. The company said it currently projects third-quarter earnings per share at ...

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Paychex posts record results

Paychex Inc.’s first-quarter net income and revenue rose 34 percent to record levels. Net income was $17.1 million, or 24 cents a share, for the first quarter ended Aug. 31, compared with $12.8 million, or 18 cents a share, for ...

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CVC scores in Asian market

CVC Products Inc. hit gold in Asia, nailing down several multimillion-dollar contracts with Korean and Japanese customers. CVC makes equipment used in semiconductor manufacturing. The firm recently expanded operations in Korea, Japan, Taiwan, China and Singapore. The recent contracts are ...

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Magnetic Technologies lands
deal with Xerox competitor

Magnetic Technologies Corp. has clinched a deal with Xeikon N.V. of Belgium that could generate more than $1 million in revenues over the next three years, the company announced today. The deal was negotiated through its subsidiary Magnetic Technologies Europe ...

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Magnetic Technologies lands
deal with Xerox competitor

Magnetic Technologies Corp. has clinched a deal with Xeikon N.V. of Belgium that could generate more than $1 million in revenues over the next three years, the company announced today. The deal was negotiated through its subsidiary Magnetic Technologies Europe ...

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CVC scores in Asian market

CVC Products Inc. hit gold in Asia, nailing down several multimillion-dollar contracts with Korean and Japanese customers. CVC makes equipment used in semiconductor manufacturing. The firm recently expanded operations in Korea, Japan, Taiwan, China and Singapore. The recent contracts are ...

Read More »

Paychex posts record results

Paychex Inc.’s first-quarter net income and revenue rose 34 percent to record levels. Net income was $17.1 million, or 24 cents a share, for the first quarter ended Aug. 31, compared with $12.8 million, or 18 cents a share, for ...

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RG&E sues state PSC

Rochester Gas and Electric Corp. and the state’s other utilities have filed suit against the state Public Service Commission. The suit, filed today in state Supreme Court in Albany, takes aim at a PSC order directing public utilities to file ...

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Bristol Harbor files for bankruptcy protection

Bristol Harbour Village has filed for U.S. Bankruptcy Court protection from creditors. The Ontario County development–consisting of a marina on Canandaigua Lake, a golf course, 289 home sites and 583 more sites awaiting homes–filed for Chapter 11 protection on Tuesday, ...

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Riedman acquires three insurance agencies Riedman Insurance has purchased insurance agencies in Florida and Virginia. Deals to buy Merriam Insurance Agency in Panama City, Fla., and Pembroke Insurance Agency in Virginia Beach were finalized Sept. 1. Acquisition of Dahlia Insurance ...

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