Economy

Economy
9:31 am
Fri October 17, 2014

First Niagara To Consolidate Some Branches

First Niagara Financial Group says it is consolidating 17 branches and two off premise drive-thru locations across its four-state footprint.

The only Rochester area branch is the one located at HSBC Plaza downtown. That branch will close, and will be consolidated into a First Niagara bank located at 19 West Main Street.

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Economy
7:29 am
Fri October 17, 2014

College Town Dedication

Credit collegetown.com

Sen. Charles Schumer and other local officials will be at the ceremonial dedication of the $100 million College Town project in the Mt. Hope Avenue area.

That project involves new apartments, office space and retail shops in that corridor and Schumer says it will be a major force in helping to revitalize that area.

The dedication also includes a grand opening for the new Barnes & Noble store; other retail stores are expected to open over the next several months.

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Economy
3:57 pm
Thu October 16, 2014

Wegmans To Offer The Apple Pay System

Wegmans says  that it will be one of the first supermarkets in the country where customers can check out using Apple Pay, a new service which allows users to make purchases from their smartphone or other device through apps for online shopping. 

The company says that when you add a credit or debit card with Apple Pay, the actual card numbers are not stored on the device or on Apple servers.

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Economy
2:17 pm
Thu October 16, 2014

The Rochester Region Sees Modest Job Gains In September

Credit PBS.org

The Rochester area saw a gain of 900 private sector jobs in September over this time last year.

That's according to the latest numbers from the State Labor Department. Analyst Tammy Marino says that's not as large as the gains we've seen in recent months, but it does continue a positive trend.

"That's a very modest gain, however, the monthly estimates do tend to be somewhat volatile and they are subject to large swings. Hiring has remained fairly strong, so far this year."

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Economy
12:25 pm
Thu October 16, 2014

Alpina Foods To Lay Off Workers

Alpina Foods officials have confirmed that the company will be reducing its workforce at its Batavia plant this month.

The company is cutting 32 employees, which officials say is due to the early termination of one of their principal contracts.

But the yogurt maker says it remains committed to Batavia and Western New York and views the reduction as a temporary but necessary approach to address the immediate business challenges.

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Economy
3:55 pm
Wed October 15, 2014

Career Fair and Hockey Game!

Rochester Mayor Lovely Warren says people tell her they want to work, but don't know where to find a job. She says business owners often want to hire, but can't find the talent.

Wednesday, the mayor joined managers from the Rochester Americans and Rochester Works to announce a career fair at Blue Cross Arena from 1 pm to 4 pm on Friday, November 14.

“That's what the Rochester Amerks and Rochester Works are trying to do. By bringing a team together, companies who can give our residents - not just jobs - but careers that will last a lifetime."

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Economy
5:53 pm
Mon October 13, 2014

Xerox Makes Changes To Efficiency Program

Xerox is making some changes to a corporate efficiency program and that will result in about a dozen jobs being eliminated, most of them in Monroe County.

The program, called  "Lean Six Sigma," has been widely used by a number of businesses and other organizations to help eliminate waste and make production more efficient.

Xerox officials say that the program is now firmly embedded throughout their business, so there is no longer a need for a centralized office to run the Six Sigma program.

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Beth & Matt
3:37 pm
Mon October 13, 2014

WATCH: Beth & Matt Talk About the Future of Alstom & Buckingham Properties

WXXI's Beth Adams and D&C Business Reporter Matt Daneman discuss the potential growth of Alstom's Henrietta plant, and the future of Buckingham Properties.

Video by Todd Clausen, D&C 

Economy
12:04 pm
Mon October 13, 2014

Gas Prices Continue To Fall

Credit WXXI photo

Gas prices continue to fall. In the Rochester area, the AAA says they are now averaging  $3.49  a gallon. That is down 13 cents over the last month, and 17 cents a gallon lower than a year ago. That's the lowest they've been since early 2012.

AAA spokesman Steve Pacer says part of the drop is due to seasonal factors.

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Economy
9:51 am
Fri October 10, 2014

Greece Chamber Names Sarah Lentini As The New CEO

Credit brockport.edu

The former longtime head of a local arts organization will now head up the Greece Chamber of Commerce. Sarah Lentini has been named the new President and CEO of that group.

The selection came after a national search was conducted. The position became vacant after Jodi Perry left earlier this year to take a job in Ohio.

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