Public Companies News
- Frontier Communications reports widening Q1 loss
Frontier Communications Corp. reported a net loss of $186 million or 16 cents a share in its first quarter, widening the gap from last year’s net loss of $51 million or 5 cents a share a year ago.
- Portfolio: Eastman Kodak Co.
- Harris reports increase in Q3 profit, sales
Harris Corp. continues to benefit from its multibillion acquisition last year of Exelis Inc., reporting on Tuesday increases in its year-over-year third-quarter profit and sales.
- For RBJ 75, no single benchmark of success
CEOs of region’s top employers use various performance metrics
- Companies serious about social responsibility
- Portfolio: Thermo Fisher Scientific - (NY- TMO)
- Ultralife Corp. reports lower Q1 profit, higher revenues
Ultralife Corp. reported Thursday a year-over-year drop in first quarter profit, along with an increase in sales.
- Kodak settles class action suit with employees for $9.7 million
Workers who sued Eastman Kodak Co. in a 2012 class action after seeing their retirement savings dwindle as the value of their Kodak stock evaporated, have agreed to a $9.7 million settlement.
- B&L parent Valeant names new CEO
Valeant Pharmaceuticals Inc. stock initially picked up steam Monday on news Bausch & Lomb Inc.’s parent has named a new CEO, but the shares later wavered.
- Analysts expect Q1 earnings rise for Xerox
- Portfolio: United Technologies Corp. (NYSE: UTX)
- Bivona Child Advocacy Center wins gold at RBJ Best of the Web
Bivona Child Advocacy Center won gold at the Rochester Business Journal’s 19th Best of the Web competition. A crowd of nearly over 300 business professionals attended the event Thursday at the Hyatt Regency Rochester. The event has been held since 1996.
- Kodak CEO Clarke's compensation totals $2.2 million in 2015
Eastman Kodak Co. CEO Jeffrey Clarke received total compensation of $2.2 million in 2015, down from $4.9 million in 2014, the company reported in a filing Monday.
- Portfolio: ITT Corp. (New York Stock Exchange--ITT)
- Constellation sees profit, sales boost in Q4; shares up 5%
Constellation Brands Inc.’s fourth-quarter financial results included double-digit increases in profit and sales, driven by continued growth from its beer business.
- Total compensation for Xerox CEO Burns drops to $10.6 million
Ursula Burns, Xerox Corp. chairman and CEO, saw her base salary remain the same in 2015 as in 2014 but a significant drop in her overall compensation.
- Transcat acquires Southern California firm for $7.35 million
Transcat Inc. has acquired Excalibur Engineering Inc., a California-based provider of calibration services, new and used test equipment, and product rentals, for $7.35 million in cash, officials said Friday.
- Portfolio: Exelon Corp. (New York Stock Exchange--EXC)
- Quebec agency's order suspends trading by top Valeant officers
Valeant Pharmaceuticals International Inc.’s share price dipped Thursday after the Quebec-based parent of Bausch & Lomb Inc. announced it has asked the Quebec securities watchdog agency, Autorité des marchés financiers, to suspend its top officers’ trading privileges.
- Paychex revenue in third quarter exceeds analysts' estimate
Paychex Inc. reported $752.6 million in total revenue for its fiscal third quarter, beating analysts' estimate of $751.1 million. The firm matched estimates for earnings.