rochester

Kodak reaches potential deal to sell document imaging business

Kate O'Connell — Tue, 16 Apr 2013 20:02:33 +0000

Kodak is hoping to sell its document imaging business for $210 million. The company has reached a tentative deal with Brother Industries that would see them take over operation of the portfolio of scanners, capture software and services.

Area wines fare well at Finger Lakes Wine Competition

Sidsel Overgaard — Thu, 28 Mar 2013 08:11:00 +0000

The results are in from this weekend’s Finger Lakes International Wine Competition in Rochester, and it’s good news for the region. A dozen wines from the Finger Lakes came away with coveted double-gold medals -- twice as many as last year.

Rochester Land Bank to try to get more properties on the tax rolls

Kate O'Connell — Thu, 07 Mar 2013 21:03:29 +0000

The City of Rochester has been given state approval to establish one of the state’s ten Land Banks. The city’s Land Bank will support the acquisition of vacant, tax-delinquent properties which will then be renovated and sold through the HOME Rochester program. The aim is to also get more properties back on the tax rolls.

Kodak - one year after bankruptcy

Kate O'Connell — Fri, 18 Jan 2013 14:02:13 +0000

Kodak filed for Chapter 11 bankruptcy a year ago. The intervening months have seen big layoffs, pay freezes for workers, and an end to benefits for many of the company's retirees. However, Kodak also secured an extra $830 million in funding, and sold its patent portfolio.

Could a mobile app beat the flu?

Kate O'Connell — Sat, 22 Dec 2012 13:30:02 +0000

Imagine using your smart phone to avoid getting the flu. A new mobile app designed by researchers at the University of Rochester could make it possible.

Eastman Business Park power plant sold, will get makeover

Kate O'Connell — Fri, 21 Dec 2012 21:25:47 +0000

Kodak is set to sell its coal-fired power plant at Eastman Business Park to a company that will convert it to a cleaner, natural gas facility.

Sale of Rochester clothing maker Hickey Freeman finalized

Kate O'Connell — Thu, 20 Dec 2012 20:02:55 +0000

The sale of the Hickey Freeman parent company was approved by the U.S Bankruptcy Court Wednesday. Authentic Brands Groups (ABG) and W-Diamond Corporation have been given the go ahead to purchase the intellectual and physical property of the company.

RIT invests in technology improvements for the disabled

Kate O'Connell — Thu, 20 Dec 2012 14:06:51 +0000

Fifteen teams of students from the Rochester Institute of Technology, led by faculty, will develop technologies for assisting people with disabilities in the region.

Kodak patent buyers include Google, Apple and Microsoft

Kate O'Connell — Wed, 19 Dec 2012 16:35:15 +0000

Kodak has reached an agreement for the sale of their digital patent portfolio. Under the agreement, the company will receive $525 million for the imaging patents from Intellectual Ventures, a major holder of US patents, and a group of 12 licensees.

Innovate it here & make it here, say manufacturing experts

Kate O'Connell — Thu, 06 Dec 2012 21:53:09 +0000

Closing the gap between innovation and commercialization is the key to boosting the national economy. That is one of the messages at a manufacturing summit being held in Rochester this week. Industry leaders say economic growth triggered by American ideas needs to be kept within the United States' borders.

Western NY school to have "living building"

Kate O'Connell — Tue, 27 Nov 2012 21:28:18 +0000

An upstate school is adding a structure that generates its own energy, heating and cooling using renewable energy sources for its teaching spaces. The Harley School in Rochester broke ground on the $3 million project Monday.

HackerFest highlights new cybersecurity technologies

Kate O'Connell — Wed, 14 Nov 2012 21:39:59 +0000

Cybersecurity and technology companies have converged on upstate New York for the HackerFest technology trade show this week. And new technologies are emerging to step up security and pre-empt the strategies of cyber criminals.

New Rochester entrepreneurship center to open next fall

Kate O'Connell — Tue, 23 Oct 2012 13:20:07 +0000

Senator Charles Schumer says a new center to open in Rochester will be a model for cities all over the state and the nation. He made the statement at the launch of the new center for urban entrepreneurship in the city.

Raising graduation rates will benefit NY economy

Kate O'Connell — Wed, 26 Sep 2012 17:26:47 +0000

New York State has similar rates of student disengagement as the rest of the nation.

With dropout rates at almost 30 per cent in New York, the Alliance for Excellent Education warns that this crisis is damaging to the economy as well as the future of individuals.

New nonprofit venture fund aims to boost Rochester area businesses

Zack Seward — Thu, 14 Jun 2012 19:46:57 +0000

The brand new Venture Jobs Foundation is just like any other charity.

"This one just happens to be providing early stage capital," says Denny DeLeo, the foundation's president and director.

INDUETIME: How a "Death App" won Rochester's Startup Weekend

Zack Seward — Sat, 09 Jun 2012 11:00:00 +0000

It started out as “The Death App.”

“I called it that because I couldn’t think of anything else,” says Tony Di Pietro.

Di Pietro’s “Death App” was the kernel of what became the winner of Rochester’s first Startup Weekend.

Rochester after Kodak

Zack Seward — Fri, 20 Jan 2012 19:06:52 +0000

With Kodak embarking on a restructuring effort under Chapter 11 bankruptcy protection, the future of the imaging icon remains unclear.

But one aspect of Kodak's legacy is already deeply imprinted onto the Rochester community.

Even as Rochester's most famous company struggled mightily to reinvent itself, the Rochester region steadily fought back - leading the state in job growth in recent years and outpacing its upstate peers in economic vitality.

One key reason: A long history of top-notch human capital flung into the community - willingly or not - as Kodak's fortunes withered.

Making the business case for "doing good"

Zack Seward — Wed, 14 Dec 2011 12:54:11 +0000

From toilet paper to soda pop, more and more companies are testing whether "doing good" can be good for the bottom line.