WXXI AM News

business report

A new alliance of local economic development organizations, called ROC 2025, gets its marketing campaign underway.

Plus, Eastman Kodak reports its earnings later this week but in the meantime, the company has been getting a lot of attention lately for what has happened to its stock price since the federal government granted a $765 million to the company to produce ingredients for generic drugs.

And, Wegmans ranks well in a new national survey on corporate reputations.

In the latest WXXI Business Report, COVID-19 continues to have a major, negative impact on the unemployment numbers. 

We'll dive into the latest sales tax revenue report for New York state, which shows a sharp drop in the second quarter; and we'll tell you about how the pandemic is making 540WMain move away from its main physical space to go to virtual.

In the latest WXXI Business Report, Paychex has seen how efficiently some of their employees are working from home, so it's looking to reduce it's office space footprint.

You'll also hear from the CEO of Kodak Alaris responding to a trade publication claiming the company will sell off some of its assets; and a new venture capital fund is looking for investors who will back local technology companies.

In the latest WXXI Business Report, we hear about a company that Constellation Brands is purchasing, which focuses on selling wines direct to consumers, online.

Also, a recent Paychex report shows employment growth holding steady in June, although that data is before some states saw spikes in COVID-19.

And details about the first-ever Rochester Black Restaurant Week going on this week, to help increase sales at some Black-owned businesses.

In the latest WXXI Business Report, the new leader of AIM Photonics talks about his hopes for how that organization can spur economic development and jobs in the Rochester area.

Plus, Visit Rochester has a new campaign designed to make travelers and local residents feel safe during the pandemic when they visit local attractions; and f ind out how LiDestri Food and Drink is making a big commitment by distributing hand sanitizer throughout the region.

In the latest WXXI Business Report, former Xerox CEO Ursula Burns talks about the lack of Black executives at Fortune 500 companies, and why the Federal Government needs to step up.

Plus, L3Harris Technologies is marking the one-year anniversary of their big merger by looking at the affect it's had on Rochester. 

In the latest WXXI Business Report, a Cornell University expert says the unexpected improvement in national unemployment numbers doesn't reflect the disproportionate impact of the economic downturn on African-Americans.

Get ready to possibly pay more for health insurance, as health insurance companies in New York state have submitted rate hike requests for next year. Excellus, one of the larger, regional companies, has proposed a lower increase than many other insurers in New York.

Plus, J.C. Penney will close dozens of stores around the country soon as part of its restructuring including stores in Canandaigua and Batavia.

A survey from Paychex did shows nearly two-thirds of business owners feel that the worst impact on their operations from the coronavirus pandemic is behind them. 

Plus, details on how Wegmans will change the way it opens new stores because of the pandemic; and why Monro Auto Service and Tire Centers will shutter more then 30 stores across the country. 

In the latest WXXI Business Report, with Phase One of the state's reopening plan in effect, employees at two well-known manufacturing companies are getting back to work this week -- Hickey Freeman and General Motors.

Plus, The owners of the Bristol Harbour golf resort in Ontario County say they will be closing down after this season but but keeping the property in the family. Also, not-so-good retail news as the company that tried to rebrand former Peebles stores in the area and around the country has filed for Chapter 11 bankruptcy protection.

In the latest WXXI Business Report, it looks like the economic downturn could last a bit. A Cornell University economics  professor says that it may take up to a few years for the economy to return to pre-pandemic levels.

Plus, local and regional amusement parks are still closed due to the pandemic, but they are looking at how they might safely open up again when they get the ok.

Also, if you're looking for a job, Spectrum is hiring 'virtually' in the Rochester area.

Pages