Rochester Business Journal

• ITT Corp.'s Geospatial Systems sees 14% jump in sales in 2nd quarter
  ITT Corp.’s Geospatial Systems division in Rochester reported a 14 percent increase in second-quarter sales Friday. The division, which employs some 1,500 local workers, logged sales of $298 million, up from $261 million for a year ago.
• Rochester fares well in foreclosure report
  Rochester and Update New York are doing better than many parts of the country in terms of home foreclosures, a new report indicates.
• Area attorney charged with tax evasion
  A Rochester attorney has been arraigned on tax-evasion charges. Louis Asandrov was arraigned Wednesday before Judge Maija Dixon in Rochester City Court for allegedly failing to file state personal income tax returns for three years.
• PTI boosts revenue, narrows loss
  Performance Technologies Inc. grew its revenues and trimmed its net loss in the second quarter, the company reported Thursday after the market closed.
• Social media not important for work, most readers say
  More than half of respondents to this week’s RBJ Daily Report Snap Poll say social media sites are not important to their work or professionally.
• Fairport Savings parent reports rise in net income
  FSB Community Bankshares Inc., the mid-tier stock holding company of Fairport Savings Bank, posted net income of $35,000, or 2 cents a share, for the quarter ended June 30, up 30 percent from $27,000, or 2 cents per share, one year ago.
• ABVI-Goodwill to open store, center in Geneseo
  The Association for the Blind and Visually Impaired-Goodwill Industries of Greater Rochester Inc. broke ground Friday on a store and community center in Geneseo, the first of its kind in Livingston County.
• Area colleges named great places to work
  Nazareth College and New York Chiropractic College have been named to The Chronicle of Higher Education’s 2010 Great Colleges to Work For program.
• County, non-profits begin program for at-risk youths
  The Rochester City School District and a number of non-profit groups led by Hillside Family of Agencies will partner with Monroe County on a $595,000 program to provide community-based alternatives to detention for local youths, Hillside officials said Friday.
• Profit, revenues drop at Graham
  Graham Corp. reported a 75 percent drop in first-quarter net income Thursday due mainly to the global economy, but still beat Street estimates for earnings per share.
• Ultralife swings to profit in Q2, misses Street's target
  Ultralife Corp. reported a tiny second-quarter profit Thursday, due largely to process improvements and controlling costs, but missed Street expectations.
• GRHF announces $378,000 in mini-grants
  Funding for a Rochester City Schools elementary school that wants to add Wii packages to its fitness room, an AfriKuumba Dance and Drum program at several city recreation centers and an Iroquois social dancing program at the Native American Cultural Center Inc. are among 73 mini-grant awards Greater Rochester Health Foundation announced Thursday. 
• County to give $50k grant to literacy program
  Monroe County will contribute $50,000 through a grant from its department of human services to the Mercier Literacy Program for children in the city school district, with program founder George Mercier donating $25,000, officials announced Thursday.

New York State Headlines

• Lockheed Martin union approves new contract
  (SyracusePostStandard)(7/30/2010)
• Profits soar at Astronics Corp
  (BuffaloNews)(7/30/2010)
• Tonawanda Coke hit with indictment
  (BuffaloNews)(7/30/2010)
• New York attorney general announces probe of life insurance industry
  (SyracusePostStandard)(7/30/2010)
• S.E.C. Charges Brothers With $550 Million Fraud
  (NYTimes)(7/30/2010)

US/World Headlines

• Dutch troops leave Afghanistan after four years (AFP) (8/1/2010 4:41:38 AM)
• Twitter down for hours of 'planned maintenance' (AP) (8/1/2010 4:28:35 AM)
• GOP looks to erase Democrats' comfy House majority (AP) (8/1/2010 4:19:17 AM)
• Congressman: too much dispersant used in oil spill (AP) (8/1/2010 4:16:58 AM)
• Pakistan flood toll nears 900 as cholera emerges (AFP) (8/1/2010 3:51:13 AM)