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Economy

Economy and Business news

Rochester, NY – Democrat & Chronicle Business Reporter Matt Daneman discusses President Obama's proposed homeowners' bailout, Attorney General Cuomo's lawsuit vs Excellus, and the profit decline for Iberdrola.

Rochester, NY – Democrat & Chronicle Business Reporter Matt Daneman discusses layoffs at Nixon Peabody, the downgrading of Kodak's bond rating, and the digital TV conversion delay.

Rochester, NY – Democrat & Chronicle Business Reporter Matt Daneman discusses layoffs at Nixon Peabody, the downgrading of Kodak's bond rating, and the digital TV conversion delay.

Rochester, NY – Town Supervisors Mary Ellen Heyman of Irondequoit and John Auberger of Greece discuss the state of their towns in the current economic downturn.

Rochester, NY – Town Supervisors Mary Ellen Heyman of Irondequoit and John Auberger of Greece discuss the state of their towns in the current economic downturn.

Rochester, NY – As more people lose their jobs, more people are turning to credit cards to get by. US Bankruptcy Judge John Ninfo says he sees the financial fallout from that in courtrooms across Western New York - and he's expecting an upswing in personal bankruptcy filings.

Rochester, NY – Need to Know's Peter Iglinski talks to the Upstate president of the Empire State Economic Development Corporation about the worsening economy, and efforts to turn things around.

Rochester, NY – Need to Know's Peter Iglinski talks to the Upstate president of the Empire State Economic Development Corporation about the worsening economy, and efforts to turn things around.

NTK: Intv. with US Bankruptcy Judge John Ninfo (audio)

WXXI

Rochester, NY – As more people lose their jobs, more people are turning to credit cards to get by. US Bankruptcy Judge John Ninfo says he sees the financial fallout from that in courtrooms across Western New York - and he's expecting an upswing in personal bankruptcy filings.

Rochester, NY – The Rochester area's economic outlook for 2009 for Rochester is "pretty flat."

That's the forecast from Rochester Business Alliance CEO Sandy Parker.
She says overall hiring will remain weak, and more job cuts are likely at Kodak.
But bright spots will include the machine tooling industry, health care and education. She also says companies associated with the defense industry and regional banks will continue to grow.

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