There may be some big changes on the way for Xerox’s Board of Directors.

The word came early Monday with Xerox announcing that Jonathan Christodoro, a board member who was originally appointed by activist investor Carl Icahn, is resigning. Christodoro is making that move so that he can join a slate of three other Icahn-backed nominees to run for the Xerox board next year.

The latest Paychex-IHS Small Business Employment Watch is out; we talk about the changes in job growth and wage growth in the November survey.

We also talk about some changes for the Xerox Board of Directors; One director, who has worked with activist investor Carl Icahn is resigning, but he and three others will seek to join the board next year.

And there are corporate changes for a local high-tech company, iCardiac Technologies.

On their first day of trading, bitcoin futures surged past $18,000, adding to a streak for the digital currency that began the year at just $1,000 and has nearly tripled in value over the past month alone.

Reuters reports that bitcoin futures, traded through the Chicago Board Options Exchange (CBOE), saw January contracts, which opened at $15,460 in New York on Sunday evening, leap to a high of $17,170 during Asian hours.

Alstom Signaling, which makes communications equipment for the transportation sector, will be cutting 86 jobs at its facility on John Street in Henrietta.

That’s according to a required notice filed with the New York State Labor Department. The notice says the reason for the layoffs is that some manufacturing activities are being moved to Missouri.

The 86 people are part of a 450-member workforce at that Henrietta operation.

Most of the layoffs will happen next March.

Alstom also has operations in Hornell.

The U.S. economy added 228,000 jobs in November, according to the monthly jobs report from the Bureau of Labor Statistics. The unemployment rate remained steady at 4.1 percent, unchanged from October.

"Employment growth has averaged 174,000 per month thus far this year, compared with an average monthly gain of 187,000 in 2016," the agency's acting Commissioner William J. Wiatrowski said of the report.

Two University of Rochester professors are among Time Magazine's Persons of the Year.

Time calls them the "silence breakers," women who have voiced allegations of sexual assault and harassment by dozens of high-profile men in entertainment, media, business and sports.

The way people perceive their country's economic conditions plays a big role in whether they view their lives more positively now compared with the past, according to a study released Tuesday by the Pew Research Center.

CVS Health is looking to create a national network of community medical clinics that will serve as "America's front door to quality health care."

That's the goal, according to a statement by CEO Larry Merlo on his company's deal for Aetna. It's an ambitious one for CVS, a company better known as a quick stop for Tylenol and a Coke.

Paychex is out with a new survey on what small businesses around the country think about the new tax reform plan. As of late last month, there were some differing opinions.

Also, we recap Xerox CEO Jeff Jacobson's presentation at a financial conference where he points out what the company will need to do to improve revenues, and we highlight a big gift for Hobart and William Smith Colleges.

 

Graduate students around the country walked out of their classes, office hours, and research labs to protest the House Republican tax plan Wednesday.

"This plan is going to be disastrous for higher ed," said Jack Nicoludis, a Harvard graduate student in chemistry, who helped organize a protest on the campus. He said the bill would more than double his taxes.

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U.S. Photonics Hub Coming To Rochester

What does this mean for the economy of the Rochester region?