Ongoing Coverage:

Economy

Economy
4:23 pm
Wed November 19, 2014

RBA Board Chair: Duffy's the Right Man for the Job

RBA Board Chair Daan Braveman talking to reporters about the RBA's new president and CEO, Bob Duffy
Credit Alex Crichton

The chairman of the board of the Rochester Business Alliance says they chose Bob Duffy as their new CEO because of Duffy's wide-ranging experience as chief of police, Mayor, Lt. Governor, and as someone heavily involved in economic development.

Daan Bravemen says Duffy brings a lot to the job.

Braveman says Duffy was a top contender for the job when he first applied for the position.
Duffy later withdrew his name, but Braveman says Duffy expressed interest in the job again, and was a unanimous choice of the executive committee.

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Economy
9:11 am
Wed November 19, 2014

Bob Duffy Named To Head Up The Rochester Business Alliance

In a move that has been rumored for months now, the Rochester Business Alliance has named Bob Duffy to take over as President and CEO after Sandy Parker retires at the end of this year.

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Economy
11:30 am
Mon November 17, 2014

Valeant's Bid For Allergan May Be Over

(AP & WXXI News) Actavis will pay $66 billion to buy fellow drugmaker Allergan in a deal that could finally end a months-long takeover push from Valeant Pharmaceuticals for the Botox maker. Valeant is the parent company of Bausch+Lomb.

Actavis said Monday that it will spend $219 in cash and stock for each share of Allergan.

Valeant said separately that the Actavis bid was a price it "cannot justify to its own shareholders."

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Economy
4:58 pm
Fri November 14, 2014

Union Rallies In Front Of RG&E Building

Credit Michelle Faust / WXXI News

Dozens of people crowded the sidewalk Friday in front of the RG&E  building on East Avenue near Chestnut Street, in a rally organized by local labor groups.

They are upset over demolition work at the Russell and Beebee stations, because union officials say the California contractor doing work there is not hiring local workers.

Daniel Kuntz is a business manager for Laborers' Local 435, and he says the contractor has not been responsive to their request.

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Economy
1:13 pm
Fri November 14, 2014

Bausch+Lomb Building To Be Renamed "Legacy Tower"

Credit Buckingham Properties

The former Bausch+Lomb headquarters building in downtown Rochester is being renamed Legacy Tower.

The building is owned by Buckingham Properties, which, along with Morgan Management, purchased the building last June.  Buckingham CEO Larry Glazer and his wife Jane Glazer died in a plane crash last September.

Buckingham officials say the name Legacy Tower was selected to pay tribute to Bausch+Lomb's significant contribution to Rochester's heritage and growth as well as to honor Larry and Jane Glazer's lasting legacy to the downtown landscape.

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Connections
3:32 pm
Thu November 13, 2014

Connections: The Cost of Child Care

It’s no surprise that child care for struggling working families remains in short supply, but the exact numbers may surprise you. The Center for Governmental Research is out with a new study on just how much it costs, and what help is available. We’ll talk with CGR Project Director Erika Rosenberg, and Carolyn Lee Davis from The Children's Agenda.  Then we’ll hear from WXXI’s Michelle Faust about her coverage of the Affordable Care Act.
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Economy
1:50 pm
Wed November 12, 2014

Cybersecurity Panel Series for Consumers, Businesses and Students

RBA President and CEO Sandy Parker and other partners involved in the Cybersecurity Panel Series
Credit Alex Crichton

Elected officials joined representatives from LIFESPAN, Rochester Business Alliance and RIT to announce a three part Cybersecurity Panel Series to educate consumers and business owners about cybersecurity threats, and ways to protect against identity theft and internet fraud.

State Assembly Majority Leader Joe Morelle and Monroe County Legislator Justin Wilcox announced the panel series.

Morelle says in the past five years, one in four Americans has been a victim of identity theft, making it America's fastest growing crime.

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Economy
12:27 pm
Tue November 11, 2014

Xerox Officials Talk About The Shift To Services

(WXXI News & Wall St. Journal) Xerox officials updated Wall Street analysts Tuesday at their annual investor conference held at the New York Stock Exchange.

CEO Ursula Burns talked about the company's ongoing shift to become a more services based company and she says in the next couple of years, services will make up two-thirds of the company's revenues.

"We are improving our services performance with new talent, a new operating model, and a focus on operational excellence. All aiming to improve services revenue growth and margins.”

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Michelle & Matt
1:48 pm
Mon November 10, 2014

WATCH: Michelle & Matt talk Xerox and Kodak

Michelle Faust, filling in for Beth Adams, chats with D&C Business Reporter Matt Daneman about news on Xerox and Kodak.

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Economy
10:49 am
Sun November 9, 2014

West Herr Automotive To Purchase Vision Ford Property

Erie County-based West Herr Automotive Group says it has acquired the assets of Vision Ford on Ridge Road West in Greece.

That location will be renamed West Herr Ford of Rochester, and with the acquisition, West Herr will have three dealerships in the Rochester area with the other two being Mercedes-Benz of Rochester,  and BMW of Rochester.

The new Greece dealership now employs 65 and they expect to add 20 more as the business expands. West Herr officials say they will renovate the existing building with the project expected to be completed in early 2016.

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