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Democrat and Chronicle from Rochester, New York • Page A7

Location:
Rochester, New York
Issue Date:
Page:
A7
Extracted Article Text (OCR)

DemocratandChronicle Page7A ROC Business Local news coming out of the business world. YTD Company Div. Sales High Low Last Chg. Ametek .36 1126 50.38 49.36 49.42 AvanGrid 308 38.09 37.62 37.85 BkofAm 63071 22.73 22.47 22.54 BkNYMel .68 4510 47.80 47.49 47.61 CIBER 304 .75 .67 .69 CmtyBS 1.28 224 61.98 60.96 61.45 Constellation Br A 1.60 2305 150.67 147.25 148.74 Cooper .06 314 175.44 172.83 173.10 Corning Inc .54 5199 24.89 24.66 24.75 DicksSptg .60 4525 57.70 52.62 52.85 DrPepSnap 2.12 1007 90.63 89.65 90.51 EastChem 2.04f 588 76.64 75.47 75.93 Eastman Kodak 48 16.75 15.85 15.90 Ecolab 1.48f 899 119.48 118.35 118.59 EnPro .84 67 68.93 67.96 68.50 Exelon 1.27f 11679 35.69 35.19 35.31 ExxonMobil 3.00 7583 90.90 90.02 90.87 Financial Inst. 51 34.05 33.70 33.90 FordM 27098 12.64 12.40 12.40 FrontierCm .42 15206 3.42 3.30 3.34 Gannett .64 652 9.91 9.64 9.77 General Electric 23288 31.95 31.78 31.82 GenMotors 1.52 9703 36.40 35.63 35.69 GenWyo 586 70.88 69.40 70.05 Graham Corp .36 29 23.44 22.56 22.62 HSBC Holdings 1.50e 1366 40.47 40.25 40.34 Harris 2.12 349 104.40 102.96 103.70 IEC Elec 24 3.54 3.27 3.33 IDEX 1.36f 346 90.88 90.21 90.86 IBM 5.60 2526 168.23 166.58 167.06 JPMorgCh 1.92 13651 87.17 86.21 86.89 3.20 4475 115.53 113.88 115.44 Keycorp .34 8991 18.48 18.24 18.36 KraftHnz 2.40 1862 87.29 86.30 87.28 L-3 Com 2.80f 419 154.29 152.40 153.80 Level3 1766 56.49 55.98 56.41 Bank 2.80 902 156.24 155.26 156.03 Manning Napier .64 33 8.05 7.85 7.85 Monro Muffler .68 282 57.35 55.45 55.85 ParkerHan 2.52 933 143.39 142.06 142.80 Paychex 1.84 1269 61.55 60.85 61.50 SLM Cp 1498 11.13 10.88 10.95 SPX Corp 169 24.23 23.87 24.03 Seneca Foods 44.70 Stantec 9 25.70 25.35 25.45 StewInfo 1.20 100 43.79 43.23 43.78 Sysco 1.32f 2391 56.56 55.90 56.25 Tegna .56 1040 22.37 21.99 22.21 ThermoFis .60 1166 141.09 139.88 140.52 Thomson Corp 696 44.18 43.87 44.03 Tompkins 1.76f 32 94.59 93.50 93.96 Transcat 0 10.85 Ultralife 5 4.85 4.70 4.85 Valeant Pharm 11304 14.75 14.10 14.27 VerizonCm 2.31f 10766 53.74 52.72 53.65 Vuzix 457 7.60 7.20 7.30 Windstm rs .60 1882 7.73 7.45 7.50 Xerox .31 9643 9.14 8.99 9.01 A I Stock footnotes: new 52-week high; new 52-week low; dividends and earnings in Canadian dollars; new issue in the past 52 weeks; Split or stock dividend of or more in the past 52 weeks; rs reverse stock split of at least in the past 52 weeks.

Dividend footnotes: Annual rate plus stock dividend; Declared or paid in preceeding 12 months; Dividend increased last declaration; declared or paid this year a cumulative issue with dividends in arrears; Dividend decreased last declaration. Federated Clover Value A 22.79 Federated Clover Small Value A 27.30 Manning Napier Pro-Blend Max Term 18.14 Manning Napier Pro-Blnd Cnsrv Trm 13.09 Manning Napier Pro-Blend Ext Term 16.07 Manning Napier Pro-Blend Mod Term 12.83 Oppenheimer Rochester AMT-Free NY MFA 10.96 Oppenheimer Rochester National Muni A 6.89 Oppenheimer Rochester Ltd Term Muni A 4.47 Oppenheimer Rochester Municipals A 14.61 Oppenheimer Rochester Ltd Trm NY MunA 2.94 QCI Balanced Instl 11.06 NA Group, Fund BidChg 12-mo. 3-yr. LOCAL MUTUAL FUNDS a letter grade compared with others in the same group; an A indicates fund performed in the top 20 percent; an in the bottom 20 percent. UGLY SWEATERS ARE RETAIL WINNERS PAGE 4B Avacant former Wal- mart store on a prime commercial corner in Sweden, just outside Brockport, will find new life next year as a Runnings store.

Runnings, a Minnesota-based outdoors-oriented retailer that bills itself as home, farm and outdoor is planning to open in the former store in Sweden Plaza as early as this spring. The company has a track record of reusing vacant spaces, as it did in 2014, when Runnings remodeled a foot former Walmart on Routes 5 20 at County Road 10 in Hopewell, Ontario County. Company spokesman Dennis Jensen said the company began using vacant retail sites back in 2005, when it began to need larger buildings to house a wider selection of merchandise. He said so far 18 of 40 total stores have opened using formerly vacant retail stores. Jensen said Runnings has already taken possession of the Sweden building and is in the midst of making interior renovations.

He said the store MEAGHAN M. PHOTOGRAPHER The vacant former Walmart on a prime commercial corner in Sweden will soon open as a Runnings store. Outdoors store to fill ex-Walmart in Sweden MEAGHAN M. MCDERMOTT ALBANY A Boston- area company claims the SUNY Polytechnic Institute violated a research agreement by sharing proprietary information with members of the Rochester photonics institute. Acacia Communications Inc.

filed a civil lawsuit Monday against SUNY Poly and the SUNY Research Foundation, accusing them of sharing confidential company research with the AIM Pho- tonics members and ignoring demands to correct the situation. The suit asks the U.S. District Court in Albany to force SUNY Colleges of Nanoscale Science and Engineering and the Research Foundation to pay more than $75,000 in damages. It also seeks to force the SUNY Research Foundation to return $51,000 in grant money, which Acacia claims was meant to go toward research SUNY Poly never performed. information and belief, CNSE refused and failed to cease such publication or to remedy such breach, and continues to disclose confidential and proprietary information to members of AIM and the general the lawsuit reads.

The ongoing dispute led to Acacia, which produces high-speed optical devices, to back out of its research deal with the Albany- and Utica-based research college in July. Aspokesman for SUNY Poly declined comment Thursday. The legal challenge centers on SUNY lead role in the AIM Pho- tonics program, a $600 million joint federal-state manufacturing partnershipwith private companies to further the use of light to transmit information. AIM headquarters was awarded to the Rochester area last year. Since then, SUNY Poly has been rocked by a bid- rigging scandal that resulted in the resignation of founding President Alain Kaloyeros, who has been accused of steering lucrative, state-backed contracts in Buffalo, Syracuse and Albany to specific private developers.

The AIM Photonics program has continued, however, buoyed in part by the federal backing. The lawsuit, first reported by the Times Union of Albany, claims SUNY Poly shared confidential Acacia information in a guide presented to members of AIM Pho- tonics ahead of a quarterly meeting in April. The company claims it alerted SUNY Poly to the breach, but nothing was done to correct it. In July, the company backed out of its partnership with SUNY Poly, citing the apparent breach. SHAWN FILE PHOTO Alain Kaloyeros, former president and CEO of SUNY Polytechnic Institute, left, and Michael Liehr, executive vice president of innovation and technology, Colleges of Nanoscale Science and Engineering, SUNY Polytechnic Institute, right, brief Vice President Joe Biden, center, Gov.

Andrew Cuomo, second from right, and Defense Department Undersecretary Frank Kendall, as they visit SUNY Poly Canal Ponds when the photonics initiative was unveiled in 2015. SUNYPOLYSUED FORDISCLOSURE Institute accused of violating research agreement by sharing company research with photonics group (SUNY Colleges of Nanoscale Science and Engineering) continues to disclose confidential and proprietary information to members of AIM and the general FROM TEXT OF LAWSUIT JON CAMPBELL Steve Hoover, former vice president of Xerox Webster research center, will become chief technology officerof the document technology company on Jan. 1. Hoover has been chief executive officer of PARC, A Xerox Company, since 2011, according to a news release. He succeeds Sophie Vandebroek, who will retire at the end of this year.

experience at PARC provides a great foundation for building on strong innovation said Jeff Jacob- son, who becomes Xerox CEO next month, in a statement. leadership will help drive new, cutting-edge technologies that redefine how work gets done for our customers leading the way to enhanced productivity, efficiency and Xerox is splitting into two companies at end. Conduent Inc. will run business process services businesses. The document technology business will retain the Xerox name.

Xerox names Hoover as chief technology officer STAFF REPORTS PROVIDED Steve Hoover was named chief technology officer at Xerox. leadership will help drive new, cutting-edge JEFF JACOBSON NEW XEROX CEO, ON STEVE HOOVER.

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Pages Available:
2,656,710
Years Available:
1871-2024