Economy & Business
Carestream seeks Chapter 11 relief
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The bankruptcy filing is the final stage in a recapitalization plan. Lenders are exchanging debt for equity and will become the new owners of the former Kodak unit.
Economy & Business
Hyzon replaces Knight, CEO and cofounder
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Less than two weeks after the Honeoye Falls-based firm disclosed possible accounting irregularities, Hyzon Motors Inc.’s board has named Parker Meeks as president and interim chief executive officer. Former CEO Craig Knight also will no longer serve as a Hyzon director.
Economy & Business
The disrupted economy
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With no end to the COVID-19 pandemic, Rochester-area businesses continue to grapple with supply chain issues including shortages, increased lead times and soaring costs.
Economy & Business
Nine firms to vie for ROC the Pitch prizes
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Launched in 2019, the business pitch competition hosted by RIT’s Center for Urban Entrepreneurship offers a top prize of $25,000.
Innovation
A fresh start
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Launched by RIT graduates in 2015, cybersecurity firm Token now has experienced leadership, a new focus and $13 million in capital from Tom Golisano’s investment firm.
Economy & Business
Where are homes selling fastest? Rochester
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While houses for sale in metro Rochester stayed on the market a bit longer in July, they are still selling more quickly here than in any other large metro nationwide.
Economy & Business
Hyzon discloses investigation into financial issues
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The Honeoye Falls-based firm’s shares plunged Friday after it told investors that “financial statements and guidance previously issued by the company can no longer be relied upon.”
Economy & Business
German firm moves U.S. office to Sibley Square
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Berlin-based VPIphotonics chose Rochester for its lower costs among other factors.
Economy & Business
Can Rochester weather a recession?
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The U.S. has logged two straight quarters of negative growth. The latest numbers also point to a slowing regional economy, but one with underlying strengths.
Economy & Business
The bloodlines run deep at O’Connell Electric
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Following in his father’s footsteps, Tom Parkes has taken the reins at O’Connell Electric, one of the area’s largest private businesses and among the top electrical contractors in the U.S.