WXXI AM News

business report

The latest Paychex-IHS Small Business Employment Watch is out; we talk about the changes in job growth and wage growth in the November survey.

We also talk about some changes for the Xerox Board of Directors; One director, who has worked with activist investor Carl Icahn is resigning, but he and three others will seek to join the board next year.

And there are corporate changes for a local high-tech company, iCardiac Technologies.

Paychex is out with a new survey on what small businesses around the country think about the new tax reform plan. As of late last month, there were some differing opinions.

Also, we recap Xerox CEO Jeff Jacobson's presentation at a financial conference where he points out what the company will need to do to improve revenues, and we highlight a big gift for Hobart and William Smith Colleges.
 

In the latest WXXI Business Report, Constellation Brands is investing in a Canadian marijuana company. Why are they branching out into this industry? Also, changes are coming to a fiber optic ring that brings broadband service to Ontario County, and a precision machining company is leaving the city of Rochester and moving to Greece in order to expand. 

Same day grocery delivery from Wegmans is about to begin through the Instacart app. They also deliver from other retailers including CVS, Price Rite, and Petco.

The pace of small business job growth is a little slower than it was a year ago but wages are up; accelerating, at what Paychex calls, a decent pace.

BlueTie has been sold. CEO and President Robert Doty now owns the business outright. 

The WXXI Business report looks at business and economic issues facing the Rochester area including Western New York and the Finger Lakes.

In this business report, news about M&T Bank, which received notice from the Federal Reserve that its compliance program is now meeting certain requirements; that will make it easier for M&T to move ahead with acquisitions of other banks in the future.

And learn about Eugenio Marlin, named the Hispanic Business Person of the Year by the Rochester Hispanic Business Association.

The WXXI Business report looks at business and economic issues facing the Rochester area including Western New York and the Finger Lakes.

M&T Bank has a new survey out about what small and medium sized businesses think about the U.S. economy and their individual businesses, and the outlook is optimistic

Randy also takes a peek into the new contract for Harris Corporation, and previews Constellation Brads upcoming annual meeting.

You’ll also learn about a new company coming to take part in Rochester’s growing photonics initiative, and there’s a new CEO at Harris Beach.

High Tech Rochester will have a new home in downtown Rochester. The organization will move to the Sibley Building from their current headquarters in Henrietta. Also, jobs were spared at Kraft Heinz in Campbell, and Young Lion Brewing and del Lago Resort opened this week. That cushions the blow of job losses at Conduent this week. 

Plus, will Rochester see the streaming service that Charter Communications is piloting?

The WXXI Business report looks at business and economic issues facing the Rochester area including Western New York and the Finger Lakes.

The WXXI Business report looks at business and economic issues facing the Rochester area including Western New York and the Finger Lakes.

Find out why local state unemployment numbers have shown a drop in jobs in the last several months - and why a state analyst feels the numbers don’t reflect the true jobs picture in Rochester. Plus we spotlight the expansion of ACM, a major locally based medical laboratory  company.

Randy Gorbman looks at the connection between a major clean energy jobs initiative announced by Governor Cuomo and Cornell University.  Also, the expected economic impact from an upcoming major golf tournament, a new job for former State Senator Mike Nozzolio, and goodbye to Radio Shack.

The WXXI Business report looks at business and economic issues facing the Rochester area including Western New York and the Finger Lakes.

Randy Gorbman chats with the regional director for Empire State Development, Vincent Esposito, on a new initiative designed to increase foreign investment in the Finger Lakes and to help local businesses export their products to other countries.

Plus, the latest moves being made to give a boost to the craft beer industry in New York State.

The WXXI Business report looks at business and economic issues facing the Rochester area including Western New York and the Finger Lakes.

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