(AP) Valeant Pharmaceuticals (parent company of Bausch + Lomb) on Friday filed its long-overdue U.S. financial report for 2015, plus restated results for several quarters, resolving its default on some of its $30 billion in debt and averting other problems. The badly tarnished Canadian drugmaker also announced a slate of mostly new nominees for elections to its board in June. 

RIT is one of six universities around the country to host a national Climate Leadership Summit for students on Saturday. About 100 students from area colleges and universities are expected to attend.

Sarah Quirk, president of RIT's Student Environmental Action League (SEAL), says her goal for the event is to create a network of students who are willing to work together to create a healthier environment.

MCC President Anne Kress is getting ready to fill the role held by University of Rochester President Joel Seligman for the last several years, as co-chair of the Finger Lakes Regional Economic Development Council, along with Wegmans CEO Danny Wegman.

Cell Phone Inventor at U of R's Hajim Design Day

Apr 28, 2016

The man who invented the cell phone says he expected his idea would catch on someday, but he never expected to see what's happening now.

Martin Cooper visited the University of Rochester during the annual Hajim Design Day, where senior engineering students put their inventions and devices on display.

Cooper says the fundamental idea behind cellular telephony came from Bell Laboratories in 1947. 

And its parent company AT&T decided to make car telephones. 

The winds off of Lake Erie are going to help move the Seneca Nation of Indians towards energy independence. Tribal leaders kicked off construction of a new wind turbine on Wednesday.

A settlement has been reached involving Eastman Kodak and some of its current and past employees  over a class action lawsuit. 

The settlement totals $9.7 million dollars. It has to do with lawsuits following Kodak’s 2012 bankruptcy filing, involving participants in the company’s savings and investment plan for employees and the Kodak Employee Stock Ownership plan.

University of Rochester President Joel Seligman is stepping down as co-chair of the Finger Lakes Regional Economic Development Council.

That announcement comes from Governor Andrew Cuomo, who also announced that MCC President Anne Kress will replace him.

Seligman has been on the council since 2011, and issued a statement saying that it's been an "honor and a privilege" to have led the council with Wegmans CEO Danny Wegman, as co-chair. Seligman says he's proud of the region's successes to date including the recent $500 million from the Upstate Revitalization Initiative.

(WXXI News & AP) There's talk about high speed rail again in Upstate New York, but this time in a more limited fashion.

Congresswoman Louise Slaughter has been a big proponent of improving passenger rail service in the upstate area for some time now, including trying to get state and federal funding to explore the possibility of high speed rail. 

Ralph Lauren has picked Hickey Freeman, which has operations in Rochester, to produce shorts for TEAM USA in the closing ceremonies for the Olympics in Rio this summer.

That according to New York Senator Charles Schumer, who says the contract will help maintain and create new jobs in Rochester. Schumer says the shorts would be available at all Ralph Lauren stores and select department stores across the country.

The Communities of Giving Legacy Initiative's Success Looks Like Me project is helping some Buffalo Public high school students learn about STEM careers in the automotive world. WBFO's Focus on Education Reporter Eileen Buckley tells us this program provides low-income, minority students with a chance to interact with local and national leaders of color who are successful adults. 


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U.S. Photonics Hub Coming To Rochester

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