- Xerox shares rise after Q1 beats earnings expectations
Xerox Corp. on Tuesday morning reported a drop in first-quarter profit and sales Tuesday, due, in part, to higher than expected investments in its government health care business. But it still beat Street expectations for earnings.
- Perez's total compensation in 2013 increased to $7.45 million
Former Eastman Kodak Co. CEO Antonio Perez received total compensation of $7.45 million in 2013, a filing Tuesday with the Securities and Exchange Commission shows.
- Kodak plans to seek buyer for Eastman Business Park
Eastman Kodak Co. Tuesday said it wants to find a buyer for Eastman Business Park, a 1,200-acre complex that ranks among the nation's largest industrial and technology parks.
- Revenue, gross profit rise at Carestream Health
Carestream Health Inc. revenues rose some 1 percent in 2013 to $2.43 billion. The company ranked fifth on the Rochester Business Journal’s most recent list of manufacturers with 1,250 employees.
- State commits $3 million for center at Eastman Business Park
The state will commit $3 million to the Eastman Business Park Bioscience Manufacturing Center slated to begin construction later this year, Gov. Andrew Cuomo announced Thursday.
- Xerox hits expectations for Q4
Shares of Xerox Corp. stock were down roughly 1 percent Friday after the company reported fourth-quarter earnings that were in line with expectations. Shares of Xerox (NYSE: XRX) were trading midday at $11.64, down from Thursday’s close of $11.76.
- IEC executive VP resigns
One of IEC Electronics Corp.’s top executives has resigned, a filing with the Securities and Exchange Commission states.
- EnPro awaits ruling by judge
EnPro Industries Inc. expects to find out late Friday afternoon the value of current and future mesothelioma claims in an asbestos liability trial against Garlock Sealing Technologies LLC.
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Ranked by number of licensed engineers.
- Klein Steel names new president
Klein Steel Service Inc. has a new president. Todd Zyra replaces retired Army Maj. Gen. John Batiste, who has been named president and CEO of Buffalo Armory LLC, a Buffalo-based company co-owned by Batiste and Klein Steel chairman and CEO Joseph Klein.
- Sweetwater Energy inks deal with Pacific Ethanol for $100M
Sweetwater Energy Inc. has landed its fourth multimillion contract to supply a California firm with industrial sugars for the production of cellulosic ethanol. The 15-year deal is estimated to be worth roughly $100 million.
- Worthington Cylinders to close Medina plant
Worthington Cylinders, a Worthington Industries Inc. company, said Thursday it would close its plant in Medina, Orleans County, and move the operations to a plant in Wisconsin.
- Xerox inks deal to combat cigarette smuggling in Kentucky
Xerox Corp. has signed a five-year deal to help the Kentucky Department of Revenue revamp its tobacco excise tax collections.
- Xerox to cut some finance jobs here
Xerox Corp. is cutting some of its local finance positions in a companywide effort to reduce costs.
- Defense officials to visit Eastman Business Park, RIT
Two officials from U.S. Department of Defense’s procurement division will tour the Eastman Business Park and two Rochester Institute of Technology manufacturing facilities Monday with Rep. Louise Slaughter, officials said Friday.
- Conditions weaken for New York manufacturers
The Federal Reserve Bank of New York’s Empire State Manufacturing Survey for November indicates conditions have weakened somewhat for New York manufacturers.
- Kodak reports first post-bankruptcy quarterly results
Eastman Kodak Co. late Tuesday afternoon filed its first quarterly financial results since emerging from Chapter 11 bankruptcy on Sept. 3. Excluding reorganization items and discontinued operations, the company posted a net loss for the third quarter of $155 million, down from a net loss of $312 million a year ago.
- Kodak shares to list again on NYSE
Eastman Kodak Co. stock is slated to return to the New York Stock Exchange on Friday. Its common shares are to trade under the symbol KODK, the company said Tuesday.
- Report: Industrial jobs down in N.Y., Rochester
Industrial employment in New York declined 1.2 percent over the past 12 months, according to the 2014 New York Manufacturers Register, an industrial directory and database published by Illinois-based Manufacturers’ News Inc.
- Xerox shares see sharp drop after company's Q3 report
Shares of Xerox Corp. were down roughly 10 percent midafternoon Thursday after the company reported its third-quarter results, in which earnings beat Street estimates, but projected fourth-quarter earnings failed to meet analyst expectations.