Economy

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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Connections
4:39 pm
Wed November 5, 2014

Connections: David Cay Johnston on Wage Dispartity and Safety Nets

Investigative journalist and Pulitzer Prize winner David Cay Johnston joins us to talk about wage disparity and safety nets, especially after Tuesday night's election results.

Economy
1:05 pm
Wed November 5, 2014

Establishing A Downtown "Innovation Zone" In Rochester

Rochester city and business officials want to emphasize the efforts at innovation that are going on downtown, by designating what they are calling a "downtown innovation zone." 

That's something that Heidi Zimmer-Meyer of the Rochester Downtown Development Corporation says could help bring more attention to changes that are going on in the local economy.

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Economy
5:11 pm
Tue November 4, 2014

Kodak Sees A Small Profit In The 3rd Quarter

Kodak is reporting its first profitable quarter since its emergence from Chapter 11 bankruptcy last year.  The company earned $19 million in the 3rd quarter. That was a lot smaller than nearly two billion dollars in earnings last year at that time, but that was due mostly to a one-time benefit from the company's reorganization.

Sales in the 3rd quarter of $564 million were up slightly from this time last year.

Kodak now focuses on commercial printing and packaging and its CEO Jeff Clarke says that strategic areas, especially in the graphics business are showing momentum.

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Economy
12:20 pm
Fri October 31, 2014

Agricultural Experiment Station In Geneva Gets A Boost

Officials from Cornell University this week unveiled renovated greenhouses at the New York State Agricultural Experiment Station in Geneva.

Jan Nyrop is a Senior Associate Dean at Cornell. He says the renovations have resulted in greenhouses that will be more energy efficient, allowing those savings to be plowed back into research.

And Nyrop says that research has provided a big boost to the state’s economy.

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