National or Local Business News
The anti-casino organization “A Better Rochester” says it’s collected more than 12,000 signatures on a petition calling for a citywide referendum against a downtown Rochester casino. If the signatures are all valid under state elections law, that would be three times the number needed to force the referendum. The group says it plans to do […]
Standard and Poor’s has uprated the City of Rochester’s credit rating. The agency raised its rating on the city’s bond debt from A+ to AA-. They cite mainly the increase in city property values…up by more than nine-and-a-half percent in the past year. That’s partly due to the federal government decision to put the headquarters […]
Constellation Brands reported net income was up by 33 percent from a year ago at $318 million for the first quarter. The company reported first quarter results today, showing double-digit growth in sales at 15 percent. They reported sales of $1.87 billion. CEO Rob Sands called it an excellent quarter and said a lot of […]