In 2024, the S&P 500 surged more than 20 percent for the second straight year. Some stocks of local interest did even better—but not all.
Economy & Business
Xerox’s third-quarter results fall short amid ‘reinvention’
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In the midst layoffs and restructuring, the company has softened its 2024 revenue outlook after seeing diminished third-quarter equipment sales due in part to Hurricane Helene and delayed product launches.
Economy & Business
A new normal in entrepreneurship?
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New business applications surged locally and nationwide with the COVID-19 pandemic, and the figures have persisted at unusually high levels. What’s fueling the trend and is it here to stay?
Economy & Business
ESL to acquire Generations Bank for $26.2 million
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In a deal that ESL Federal Credit Union said will allow it to grow its footprint and offerings in the Finger Lakes region, the company is acquiring Generations Bank and its parent company.
Economy & Business
Four more startups graduate from RIT incubator program
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After raising around $15 million in capital combined, four local startups targeting diverse markets graduated from the RIT Venture Creations Incubator last week.
Economy & Business
Rochester retains No. 1 ranking for fastest-selling homes
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Houses for sale in metro Rochester stayed on the market longer in July compared with a year earlier, but they still sold more quickly here than in any other large metro nationwide.
Economy & Business
A startup focused on medicinal cannabis quality control
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CannaMetrix aims to provide medically relevant, biological endpoint metrics for validating the quality and potency of cannabis products.
Economy & Business
Property wealth in a hot real estate market
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Home prices have been surging here, a fact captured in the city of Rochester’s controversial recent property reassessments. When property values rise, it creates more wealth for homeowners—but a higher assessment does not necessarily translate into a tax increase.
Economy & Business
NY SMART-I Corridor gets $40 million in federal funds
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The U.S. Department of Commerce grant also unlocks $8 million in matching funds and additional resources from Empire State Development.
Economy & Business
Perch Energy plans to enter Rochester-area market
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The Boston-based community solar service provider already partners with 23 solar farms in New York.
Economy & Business
Guild, Gannett agree on two-year contract
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The new deal for unionized journalists at the Democrat and Chronicle and the Daily Messenger in Canandaigua comes after two and a half years of bargaining and a 19-day strike in April.