Public Companies News
- Tartan Holdings acquires assets of Moog creates new firm
A new firm—iuvo BioScience LLC—was created last Friday through an acquisition by Tartan Holdings LLC. The new firm is led by former Bausch & Lomb Inc. executives Benjamin Burton and Mary Richardson.
- RF Communications gets $16M order from NATO nation
Harris Corp.’s RF Communications division in Rochester has received a $16 million order from an undisclosed NATO nation for radios from the company’s Falcon line of tactical radios.
- Tops sees smaller loss, higher sales in Q4
In its fiscal fourth quarter Tops Holding II Corp. narrowed its net loss as it logged a slight increase in net sales.
- Portfolio: Windstream Holdings Inc. (NAS-WIN)
- Court keeps injunction against Kodak in place
Collins Inkjet Corp. is likely to succeed in an antitrust claim against Eastman Kodak Co., a Sixth Circuit Court of Appeals panel ruled last week.
- Kraft, with operations in Avon, to merge with Heinz
H.J. Heinz Co. and Kraft Foods Group Inc.—which has local operations—announced Wednesday that they have entered into a definitive merger agreement to create the Kraft Heinz Co., forming the third-largest food and beverage company in North America.
- Paychex reports boost in profit, sales
Paychex Inc. reported $704.3 million in total revenue for its fiscal third quarter, beating analyst expectations and representing what company executives call “good progress” against sales initiatives.
- Portfolio: Corning Inc. (NY-GLW)
- Bully Hill takes gold in 2015 Best of the Web
- Banquet and Meeting Facilities, Part 1
- Self-management includes some tough challenges
- Many sources trigger new product development
- Kodak reports smaller fourth-quarter loss, decline in revenues
Eastman Kodak Co. posted a fourth-quarter net loss of $41 million, compared with a loss of $57 million a year ago. It logged sales of $529 million, down $80 million from the fourth quarter of 2013.
- RF Communications gets $47 million order
Harris Corp’s RF Communications operation in Rochester has received a $47 million order for wideband radio systems from an undisclosed nation in the Middle East, as part of county’s continuing tactical communications modernization program.
- Portfolio: M&T Bank Corporation
- Portfolio: The Carlyle Group L.P. (NAS-CG)
- Report touts benefits of working from home
Workers in New York State could save nearly $12,000 a year by working from home, a new report from WalletHub shows.
- Torvec reports net loss, to focus on WAM Watch
Torvec Inc. continued to report losses in revenue and earnings in 2014 and has narrowed its development focus to two products, documents filed with the Securities and Exchange Commission show.
- Frontier selects new CEO; Wilderotter to serve as executive chairman
Frontier Communications Corp. will have a new CEO effective April 3. The telecommunications company announced Tuesday Daniel McCarthy will become CEO next month, replacing Maggie Wilderotter.