Rochester Business Journal Leading source of business news and information in Rochester, N.Y.

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.

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Moscom Corp. is spinning off its Votan Corp. subsidiary, which on Friday filed for an initial public offering with the Securities and Exchange Commission, the company announced today. Moscom has postponed the firm’s semi-annual 2-cents-a-share cash dividend until Votan’s IPO ...

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 ...

Moscom Corp. is spinning off its Votan Corp. subsidiary, which on Friday filed for an initial public offering with the Securities and Exchange Commission, the company announced today. Moscom has postponed the firm’s semi-annual 2-cents-a-share cash dividend until Votan’s IPO ...