The settlement, subject to court approval, completes an investigation by the Securities and Exchange Commission. The Honeoye Falls company was charged with misleading investors.
Economy & Business
An economic recovery that’s still under way
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The latest numbers on the Rochester-area economy show the recovery from the COVID pandemic remains a work in progress.
Economy & Business
Rochester still has the fastest-selling homes
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In metropolitan Rochester, houses continue to sell faster than in any other large metro nationwide. The chief reason: extremely low inventory of available homes for sale.
Economy & Business
Business starts signal economic optimism here
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Ranked by new business applications per 1,000 residents in 2022, Monroe County placed near the top third among the more than 3,100 counties nationwide.
Economy & Business
Urban stores are a strength, Tops president says
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The second-largest grocery chain in Monroe County has two stores in lower-income neighborhoods in Rochester. “We feel very strongly about being in those areas and serving the needs of customers,” Ron Ferri says.
Economy & Business
Semiconductor firm AMD expands in Monroe County
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The California company plans to create 165 jobs at Linden Oaks Office Park and in Dutchess County.
Economy & Business
How Wegmans, Whole Foods compare on animal welfare
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A recent survey found U.S. consumers are increasingly concerned about humane treatment of animals raised for food. Competing supermarkets Wegmans and Whole Foods both say they adhere to animal welfare standards, but their approaches differ.
Economy & Business
Hyzon stock to remain on Nasdaq
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The Honeoye Falls-based company has regained compliance with Nasdaq’s minimum bid price requirement and no longer faces the threat of delisting.
Economy & Business
GS Optics growth planned after acquisition
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Plans call for the century-old Rochester optics firm, recently acquired by British firm G&H, to expand its downtown facility.
Economy & Business
Inside the public power fight in Rochester
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The campaign here mirrors other municipalization efforts—fueled by the desire for lower rates and greater local control—that have occurred around the country in recent decades. But it faces daunting odds.
Economy & Business
Blackbird.AI boosts total capital raised to $32 million
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The firm, which helps organizations detect and respond to threats that cause reputational and financial harm, received $20 million in a recent Series B round.