- Xerox plans to lay off 3,000 workers companywide
Xerox Corp. said Friday it plans to decrease its companywide workforce by some 3,000 employees this year as part of a restructuring effort on the services side of the business.
- LiDestri plans $6M expansion, to add 29 jobs
- 'Go-shop' period ends on Home Properties acquisition
Home Properties Inc. announced Thursday the "go-shop" period set forth in the previously announced merger agreement entered into with affiliates of Lone Star Funds and UDR Inc. has expired.
- Analysts see declines in Q2 for Xerox
- Xerox changes health care strategy, to take $145 million charge
Xerox Corp. said Friday it will change its government health care strategy, a move that will have an impact on its second-quarter financial results slated to be reported next week.
- Harris to add 100 jobs in Rochester within a year
Harris Corp. will add 100 new jobs to the Rochester area over the next 12 months, with the potential to later add another 50 positions, Sen. Charles Schumer, D-N.Y., announced Wednesday.
- The Record
- IEC sells Southern California Braiding for $2.5 million
IEC Electronics Corp. said Friday it has sold its Southern California Braiding Co. Inc. business to Los Angeles-based DCX-CHOL Enterprises Inc. for roughly $2.5 million--one-tenth of the price it paid for the firm less than five years ago.
- Harris Communication Systems segment to be based here
Harris Corp. on Friday said it will base its new Communication Systems segment in Rochester. The Florida-based company also plans to keep its corporate headquarters and two of its newly formed segments in the Sunshine State. A fourth segment is to be based in Herndon, Va.
- New uses ahead for print site
- The Record
- Up to the challenge
Up to the challenge: North American Breweries CEO Kris Sirchio sees plenty of potential to grow again.
- Harris reorganizes segments; Mehnert gets new role
Harris Corp. announced Wednesday it will reorganize its business segments as a result of its recent acquisition of Exelis Inc.
- Excel Machines donates equipment to FLCC program
A local distributor of advanced machine tools has donated equipment worth $82,500 for use in the Finger Lakes Community College advanced manufacturing machinist training program at ITT Goulds Pumps Inc. in Seneca Falls.
- Thank your employees, and help them thank others
- CooperVision parent's earnings drop in second quarter
Cooper Cos. Inc. posted a drop in profit for the second-quarter. The company, which owns CooperVision Inc., Tuesday reported net income of $60.7 million or $1.23 a diluted share.
- SentrySafe plant to close, costing 350 local jobs
Less than a year after acquiring SentrySafe, its owner is closing the local plant by next summer in a move that will affect some 350 local workers.
- Slaughter visits Lumetrics to tout Export-Import Bank
Rep. Louise Slaughter, D-Perinton, toured Lumetrics Inc. Monday in an effort to highlight the need for action to save the Export-Import Bank, which will lose its authority to issue business loans on June 30 unless Congress acts.
- Big move set for Main St.