Kodak borrows $160M, stock plunges
By The Associated Press
POSTED: September 26, 2011
Tags: borrowing, credit line, digital imaging, Kodak, profitability, stock plunges
Shares of Eastman Kodak Co. lost one-quarter of their value Monday morning after the 131-year-old photography pioneer, scrambling to redefine itself in a cutthroat digital arena, drew down $160 million from its revolving credit line.
SBA sees record number of loans in fiscal 2011 
By Todd Etshman
POSTED: September 20, 2011
Tags: fiscal 2011, lending, record number, SBA, small business loans
As the Small Business Administration’s fiscal year draws to a close, representatives from the SBA’s federal office in Washington, D.C. and the regional office in Buffalo say they’ve issued a record number of loans in 2011 — despite the re-implementation of SBA guarantee fees charged to borrowers.
Genesee Regional Bank gets fed funds
Capital meant to help with small business lending
By Eric Walter
POSTED: August 8, 2011
Tags: community bank lending, federal funding, Genesee Regional Bank, Small Business Lending Fund, small businesses, Treasury Department
Genesee Regional Bank is one of 20 community banks across the country to receive part of $253 million in capital through the Treasury Department’s Small Business Lending Fund. Through GRB’s holding company, Greater Rochester Bancorp Inc. …
Advent Tool & Mold adding Rochester jobs
By Daily Record Staff
POSTED: August 2, 2011
Tags: adding jobs, Advent Tool & Mold, expand operations, injection molds, molds
Advent Tool & Mold Inc., a manufacturer of molds and injection-molded components and assemblies for the medical and automotive industry, will expand its operations in Rochester, according to a release from Gov. Andrew M. Cuomo.
Kodak adopts shareholder rights plan
By The Associated Press
POSTED: August 1, 2011
Tags: Kodak, shareholder rights agreement, tax assets
Photography pioneer Eastman Kodak Co. said Monday that its board has adopted a shareholder rights agreement designed to preserve its tax assets. The plan is designed to prevent shareholders from increasing their stake …
LinkedIn to sell shares for $32 to $35 each in IPO
By The Associated Press
POSTED: May 9, 2011
Tags: investors, IPO, LinkedIn, shares, socail networking site
NEW YORK CITY — Professional networking website LinkedIn Corp. plans to sell shares to investors for $32 to $35 each in an initial public offering, one of the first for a major U.S. social networking site. The company said the offering could …
Gillibrand focuses on small biz
By Dolan Media Newswires
POSTED: April 6, 2011
Tags: capital, entrepreneurs, grants, incubators, Sen. Kirsten Gillibrand, small business, startups
Sen. Kirsten Gillibrand today unveiled an ambitious plan to increase the number of small businesses both in New York and nationwide. The crux of Gillibrand’s plan involves providing more early capital to business startups …
Harry & David files for Ch. 11 protection
By The Associated Press
POSTED: March 28, 2011
Tags: Bankruptcy, chapter 11, Economy, Harry & David, restructuring
Fruit basket and gift seller Harry & David filed for Chapter 11 bankruptcy protection Monday, brought down by a weak economy and a proliferation of competitors. The 75-year-old Medford, Ore., company agreed with a majority of its senior creditors …
No proof WikiLeaks breaking law, inquiry finds
By The Associated Press
POSTED: January 26, 2011
Tags: breaking the law, finances, fundraising, WikiLeaks
LONDON — A company asked by Visa to investigate WikiLeaks’ finances found no proof the group’s fundraising arm is breaking the law in its home base of Iceland, according to a document obtained by The Associated Press.
Grocer A&P files for Chapter 11 reorganization
By The Associated Press
POSTED: December 13, 2010
Tags: AP, Bankruptcy, chapter 11
PORTLAND, Ore. — The Great Atlantic & Pacific Tea Co., once the nation’s largest grocer, filed for Chapter 11 bankruptcy protection Sunday after years of struggling with enormous debt and rising competition from low-priced peers.
MasterCard’s website hammered
By The Associated Press
POSTED: December 8, 2010
Tags: hackers, MasterCard, website, WikiLeaks
PURCHASE — The website for MasterCard suffered severe technical problems early Wednesday, possibly becoming the latest target of hackers supporting WikiLeaks founder Julian Assange.
Red Flags Rule set for enforcement — or is it?
By Kimberly Atkins
POSTED: December 3, 2010
Tags: FTC, identity fraud, Red Flags Rule
BOSTON — After being repeatedly delayed over the course of two years, the Federal Trade Commission is set to begin enforcement of controversial identity fraud prevention regulations that affect almost any business that accepts deferred payments from clients or customers.
