wxxi NewsRoom: Business

Kodak Retirees Protest Benefit Cuts

WXXI — Wed, 08 Oct 2008 04:05:41 GMT

Kodak retirees who are losing dental and spousal health insurance benefits say they'll work to support Congresswoman Louise Slaughter's Emergency Retirees Protection Act.

Local Business Leaders Say Rochester-Area Economy Fairly Stable

WXXI — Wed, 08 Oct 2008 14:09:26 GMT

"Cautious optimism" is the description Rochester-area business leaders apply to the prospects for future growth.

Economic Developer Expects Wall St. Crisis to Hit Some Projects for Downtown Rochester

WXXI — Tue, 07 Oct 2008 05:31:58 GMT

One of downtown Rochester's leading economic developers says the community may be in a better position than most to weather the current economic storm.

Paychex Lists 18th Year of Record Results

WXXI — Wed, 08 Oct 2008 14:04:42 GMT

Financial markets are in turmoil and its stock price is down -- but Paychex Corporation says it's well insulated from the lending crisis and expects another record year in 2009.

Rochester Business Ethics Award: W. Michael Hoffman

WXXI — Tue, 23 Sep 2008 15:24:52 GMT

W. Michael Hoffman, Ph.D., founder and executive director of the Center for Business Ethics and the Hieken Professor of Business and Professional Ethics at Bentley College in Waltham, Massachusetts was the keynote speaker at the 2008 Rochester Business Ethics Award (RBEA) luncheon on Tuesday, September 23. Watch the speech.

Sen. Schumer Wants Temporary Government Loan Program for Small Businesses

WXXI — Tue, 07 Oct 2008 06:32:39 GMT

US Senator Charles Schumer is calling on the Bush Administration to help small businesses get loans during the current economic crisis.

In new era, U.S. to buy $250 billion in bank stakes

Reuters — Tue, 14 Oct 2008 16:30:04 GMT

NEW YORK (Reuters) - The United States ushered in a new era in banking on Tuesday with plans to take equity stakes worth up to $250 billion in financial institutions, an incursion into the private sector that U.S. officials called a regrettable last resort.

Wall Street slides on recession fears

Reuters — Tue, 14 Oct 2008 19:08:08 GMT

NEW YORK (Reuters) - Stocks slid on Tuesday as fears the global economy may not avert recession slammed shares of technology and consumer companies, eclipsing a government rescue plan for banks.

Bank stocks surge as government pumps in $250 billion

Reuters — Tue, 14 Oct 2008 19:52:04 GMT

NEW YORK (Reuters) - Bank stocks soared on Tuesday after the government set plans to inject $250 billion into the battered sector, where exposure to toxic mortgages and other debt has pummeled investor confidence and share prices.

Apple launches aluminum notebook for $1,299

Reuters — Tue, 14 Oct 2008 19:52:10 GMT

CUPERTINO, California (Reuters) - Apple Inc on Tuesday cut the price on its entry-level notebook computer to $999 and introduced a line of aluminum-clad machines starting at $1,299 in moves catering to budget-minded buyers at a time when recession fears loom over the global economy.

J&J profit beats forecast, shares rise

Reuters — Tue, 14 Oct 2008 15:30:08 GMT

NEW YORK (Reuters) - Johnson & Johnson, fueled by strong sales of consumer products and medical devices, reported third-quarter earnings that beat Wall Street expectations and lifted its shares more than 3 percent.

Oil falls below $80 on demand, recession concerns

Reuters — Tue, 14 Oct 2008 18:30:10 GMT

NEW YORK (Reuters) - Oil fell on Tuesday as concerns the global economy could slip into recession and drag down demand outweighed optimism over the bank bailout plans.

P&G CEO reassures investors at annual meeting

Reuters — Tue, 14 Oct 2008 16:30:09 GMT

CHICAGO (Reuters) - Procter & Gamble Co's lineup of beauty and household products can succeed -- even in these volatile economic times, the world's largest consumer product told investors on Tuesday at its annual meeting.

Apple cuts aluminum notebook price to $1,299

Reuters — Tue, 14 Oct 2008 19:30:07 GMT