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Jobless Rate Hits 26-Year High; Stocks Fall Sharply
Washington (AP) - Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent.
Democrat and Chronicle Publisher Gannett to Cut 1,400 Jobs
New York, N.Y. (AP) - Newspaper publisher Gannett Co. plans to cut 1,400 jobs in the next few weeks, about 3 percent of the work force, as it faces a prolonged slump in advertising revenue.
B&L Moves Lens Ops to Rochester; Cuts Jobs in Ireland
Waterford, Ireland/Rochester, New York - Bausch and Lomb is cutting some jobs at its plant in Waterford, Ireland, and at the same time the company says it is moving operations for some contact lens manufacturing to Rochester.
Anthropologie Coming to Eastview Mall
Victor, N.Y. –- Eastview Mall announced Wednesday that Anthropologie will open a store at the mall in the fall. It will be the chain’s first store anywhere in Upstate New York.
Fireworks Business Hot
Canandaigua, N.Y. -- Will this year's fireworks be a boom, or will they go up in smoke? At one of the state’s largest fireworks display companies, this is obviously their busiest week of work. Video Video
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Crabtree & Evelyn files for Chapter 11 protection
Soap and lotion seller Crabtree & Evelyn Ltd. says it filed for Chapter 11 bankruptcy protection on Wednesday.
More banks fail as FDIC mulls rules for sales
One bank in Texas and six Illinois banks have been shuttered.
European markets take breather with U.S. on holiday
European markets have been holding steady as the U.S. takes its holiday break.
Hershey's closing online gift service
People who like to order chocolate and gifts from Hershey's online service won't be able to after this month.
Bank of America sets $713 million TARP payment
The company says its board has authorized roughly $713 million in dividend payments to the U.S. government under the troubled asset relief program.
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