Rochester Business Journal

• Document Security Systems posts net loss in Q1, rise in revenue
  Shares of Document Security Systems Inc. were down 6 percent after the company reported a net loss in its first quarter. DSS stock was trading midday at $3.12 a share, down 6.3 percent.
• Converting downtown streets to two-way to be discussed
  A recent study of converting two of downtown’s primary arteries to two-way traffic will be discussed at an information session Thursday, officials from the city of Rochester announced.
• RF Communications secures $39M radio order
  Harris Corp.’s RF Communications division in Henrietta has received a $39 million order from U.S. Special Operations Command for its wideband handheld tactical radios.
• UR boosts faculty diversity, report shows
  A greater number of women and underrepresented minorities were hired on the faculty at the University of Rochester during the 2010-2011 academic year, making incremental progress toward the university’s goals of creating more diversity in the faculty and throughout curricula.
• Redevelopment projects topic of RDDC meeting
  High-profile projects in the city are the focus of the Rochester Downtown Development Corp.’s 37th annual meeting June 7 at the Hyatt Regency Rochester.
• Lawmakers to consider medical marijuana bill
  Lawmakers have introduced bills in the Assembly and Senate to legalize medical marijuana in New York. 
• COMIDA grants tax breaks for $24 million development in Gates
  A proposed $24 million mixed-use development of 21 acres in Gates would result in 168 townhomes and apartments. The County of Monroe Industrial Development Agency approved property tax breaks of $2.4 million at its meeting Tuesday. The projected benefit to the community is $7.1 million.
• B&L hires global president for surgical division
  Bausch & Lomb Inc. has named a medical device and biotech veteran to head its California-based surgical division, company officials said Monday.
• VirtualScopics posts Q1 net loss, flat revenues
  VirtualScopics Inc. Tuesday reported a net loss in its first quarter on revenue of $3.7 million, which was nearly flat compared with a year ago.
• N.Y. manufacturing activity expands in May
  Manufacturing activity expanded in New York at a moderate pace in May, the Federal Reserve Bank of New York’s Empire State Manufacturing Survey shows.
• Judicial commission to hold session here Wednesday
  The state’s Commission on Judicial Nomination plans an informational session Wednesday in Rochester in advance of an upcoming vacancy on the state’s highest court. A seat on the court opens in January 2013 with the mandatory retirement of Court of Appeals senior associate judge Carmen Beauchamp Ciparik.
• Monroe Roadways awarded contracts for Fisher work
  Perinton-based Monroe Roadways Inc. has been awarded multiple contracts for site construction services on the campus of St. John Fisher College, the company said Tuesday.
• $247,000 green roof at City Hall complete
  A $247,000 green roof, including a layer of soil covered with vegetation, on City Hall is complete, the city of Rochester announced Tuesday.

New York State Headlines

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US/World Headlines

• ECB move on Greek banks hits euro confidence (5/16/2012 11:55:29 PM)
• Asia stocks mixed after Greece sets election date (5/16/2012 11:50:12 PM)
• Oil rises above $93 as traders mull Europe turmoil (5/16/2012 11:40:04 PM)
• Oil hovers near $93 as trader mull Europe turmoil (5/16/2012 11:20:07 PM)
• CA museum gets big gift to build shuttle exhibit (5/16/2012 11:20:07 PM)