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Feb 19, 2015

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 Financial Accounting Standards Board, or FASB, issued new rules related to going concern disclosures that […]

Feb 25, 2014

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. DiNapoli. The fund invested in 5LINX through its In-State Private Equity Program, which seeks profitable […]

Nov 6, 2013

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 Gaga tweets. So does the pope. But for all its power and reach, Twitter gushes […]

Dec 22, 2011

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 part of EarthLink’s overall investment in the Western New York region, which includes the recent […]

Nov 23, 2010

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.

Nov 9, 2010

Pension fund reports quarterly gain

ALBANY — New York’s pension fund for public workers is reporting an 8 percent return on investment in its latest quarter and a market value of nearly $133 billion. The Common Retirement Fund for more than 600,000 employees ...

Sep 21, 2010

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.

Apr 27, 2010

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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