Maximus to add 300-plus jobs at new Pittsford office 
By Denise M. Champagne
POSTED: April 30, 2012
Tags: Jobs, Maximus, Monroe County, Pittsford office
They could have gone anywhere, but chose to expand in Monroe County. That was the message Monday of several dignitaries who gathered to announce a decision by Maximus Federal Services to invest nearly $1.7 million for a new Medicare appeals back office operation in Pittsford. Bruce Caswell, president and general manager of Maximus Health Services, [...]
Ruling ends confusion for securities attorneys
By Dolan Media Newswires
POSTED: April 30, 2012
Tags: Absolute Activist, MOrrison, SEC, Second Circuit, securities
Local securities lawyers say a Second Circuit ruling defines for the first time the meaning of “domestic transaction” under a test laid out by the U.S. Supreme Court in its landmark 2010 decision, Morrison, et al. v. National Australia Bank Ltd., et al. In Absolute Activist Value Master Fund Ltd., et al. v. Ficeto, et [...]
EarthLink announces 1stQ results
By Daily Record Staff
POSTED: April 26, 2012
Tags: EarthLink, financial results, first quarter
EarthLink, Inc. has announced financial results for its first quarter ending March 31. Highlights include a net income of $7.3 million or $0.07 per share; net cash provided by operating activities of $66.2 million; unlevered free cash flow (a non-GAAP measure) of $45.9 million; and ending cash and marketable securities of $270.8 million. “During the [...]
M&T Bank 1st-quarter net income dips
By The Associated Press
POSTED: April 16, 2012
Tags: first-quarter profit, M&T Bank
BUFFALO — M&T Bank Corp. said Monday that its first-quarter profit dipped from results a year ago that were fortified by proceeds from an investment securities sale. The financial holding company reported net income available to common shareholders of $188.2 million, or $1.50 per share, for the three months ended March 31. That was down [...]
Grants for women in nontraditional jobs
By Daily Record Staff
POSTED: April 12, 2012
Tags: department of labor, grants, women
The U.S. Department of Labor announces the availability of approximately $1.8 million for up to six grants through the Women in Apprenticeship and Nontraditional Occupations program. The grants will support innovative projects that improve the recruitment, hiring, training, employment and retention of women in apprenticeships within industries such as advanced manufacturing, transportation and construction. Within [...]
Financial professional earns charter designation
By Daily Record Staff
POSTED: April 11, 2012
Tags: charter designation, financial professional, Sarah R. Lange
Sarah R. Lange, a financial services professional with Financial Architects of Rochester, has recently earned her professional designation as Chartered Life Underwriter from The American College. Chartered Life Underwriter is the most respected designation in insurance, according to a release. The course provides in-depth knowledge on the insurance needs of individuals, business owners and professional [...]
Schumer backs bill to block interest rate hikes for student loans
By Daily Record Staff
POSTED: April 11, 2012
Tags: interest rate hikes, Sen. Charles E. Schumer, Student loans
U.S. Sen. Charles E. Schumer visited Rochester Institute of Technology on Wednesday to announce his support for legislation to stave off an interest rate increase for student loans. On July 1, the interest rates on federally-subsidized Stafford loans will double from 3.4 percent to 6.8 percent unless Congress takes action to block the rate increase [...]
Kodak proposes bonuses, withdraws benefits cut
By The Associated Press
POSTED: April 6, 2012
Tags: Bankruptcy, bonuses, Kodak, retirees
BUFFALO — Eastman Kodak Co. is asking for permission to pay about 300 key managers and other employees a total of $13.5 million in bonuses to keep them from leaving the company as it reorganizes under bankruptcy protection. The company filed the request this week in U.S. Bankruptcy Court in New York. In making its [...]
Poll: NYers decry secret dealing in budget talks
By The Associated Press
POSTED: April 4, 2012
Tags: budget talks, poll, secret dealings
ALBANY — A statewide poll finds New Yorkers think the secrecy and closed-door deals that led to last week state’s budget approval are unnecessary and a serious problem. The Quinnipiac University poll is a rebuke of the continued “three-men-in-a-room” method of crafting a budget by Gov. Andrew Cuomo, Assembly Speaker Sheldon Silver and Senate Majority [...]
Recovery threatened by student loan debt
By The Associated Press
POSTED: April 3, 2012
Tags: economic recovery, student loan debt
WASHINGTON — The federal student loan program seemed like a great idea back in 1965: Borrow to go to college now, pay it back later when you have a job. But many borrowers these days are close to flunking out, tripped up by painful real-life lessons in math and economics. Surging above $1 trillion, U.S. [...]
Making car payment takes priority, study finds
By The Associated Press
POSTED: March 30, 2012
Tags: bill-paying habits, car payments, Economy, recession
NEW YORK — The recession and its hangover may have turned bill-paying habits upside down. Cash-strapped Americans are paying off their car loans before they pay credit card bills and make mortgage payments, a study finds. It used to be that Americans would pay their home loans first, then their credit card and car loans. [...]
Buffalo Waterfront Fund applications due Saturday
By Daily Record Staff
POSTED: March 28, 2012
Tags: grant applications, infrastructure, Seneca Buffalo Creek Development Advisory Board
The Seneca Buffalo Creek Development Advisory Board is still accepting grant applications for $1 million in projects designed to boost infrastructure, landscaping, lighting and signage around a downtown Buffalo casino. The deadline is Saturday. Grants, which must impact an area of the waterfront the board members defined, will be evaluated for geographic, design and collaborative [...]
