National or Local Business News
Thomson Reuters, the successor to Lawyers Coop Publishing, it closing its downtown Rochester office. The company has not released any details, but Rochester Chamber of Commerce President Bob Duffy believes 400 to 425 employees will be affected. Duffy says he hasn’t spoken directly with company management. It’s not clear how or when the closure will […]
Kodak has sold its Flexographic Packaging Division, generating quick revenues it needs to meet its debt obligations. Montagu Private Equity will take ownership, and turn Flexographic into a standalone company under the same management team. The purchase price was $340 million. Kodak CEO Jeff Clarke said in a statement that this is an […]
A federal bankruptcy court has approved the reorganization plan filed by Tops Friendly Markets, and the chain plans to emerge soon from Chapter 11 protection. Tops CEO Frank Curci says the grocery chain has significantly reduced its debt, created a viable cost structure and downsized its number of stores.