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Tag Archives: investment

Commentary: New going concern rules: Are your clients ready?

In recent years, the investment community has grown increasingly concerned about perceived inadequacies in going concern disclosures in financial statements and audit opinions. In an attempt to address some of those concerns, in August the accounting standard setters at the ...

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Comptroller: Investment returns $6.7 million

5LINX, a telecommunications company in Rochester, has generated about a $6.7 million return, nearly four times the initial investment, and achieved an approximated 21 percent internal rate of return for the state Common Retirement Fund, according to Comptroller Thomas P. ...

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Twitter is powerful, but where are the profits?

NEW YORK — It can help overthrow dictators. But can it make money? Protesters famously used Twitter to organize during the Arab Spring three years ago. President Barack Obama announced his 2012 re-election victory using the short messaging service. Lady ...

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EarthLink celebrates $12 million investment

Atlanta-based EarthLink Inc. is investing $12 million in the next three years at its new Rochester location at Alexander Park. The commitment, which was celebrated Tuesday with a ribbon-cutting ceremony, will retain approximately 450 local jobs. Alexander Park is just ...

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Saudi billionaire buys 1 percent stake in GM

CAIRO — Saudi billionaire Prince Alwaleed bin Talal says he has invested $500 million in General Motors, the U.S. auto giant whose shares returned to trading last week after its bankruptcy and bailout by Washington.

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Yahoo! data center opens in Lockport

Yahoo! Inc. recently completed the first phase of its multi-phased investment in Western New York. The company finished construction and opened a new $150 million data center, which state officials said created 125 new high-tech jobs.

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GM to invest $890 million, keep 1,600 jobs

DETROIT — General Motors Co. will invest $890 million at five factories to make its V-8 engines more fuel efficient, preserving or creating roughly 1,600 jobs. The automaker planned to announce the investments ...

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