A well known leader in local telecommunications is retiring.

Ann Burr, who has been an executive with Frontier Corporation for nearly 12 years, and was an official with Time Warner in Rochester before that, says she has retired effective June 15.

Burr most recently was chairman of Frontier’s Rochester division and was also vice president of customer engagement.

She came to Frontier after taking early retirement from Time Warner where she had been president of their Rochester operations.

Burr is also a former WXXI trustee.

Updated at 3:55 p.m. ET.

Federal Reserve policymakers have raised their target for the benchmark federal funds interest rate by a quarter-point, to a range of 1 percent to 1.25 percent.

ALBANY, N.Y. (AP)  New York state has hosted its first ever demonstration of a driverless vehicle on public roads.

During Tuesday's test drive in Albany two engineers rode in the vehicle for about six miles. State officials say the engineers monitored the ride at all times to ensure safety.

Democratic Gov. Andrew Cuomo hailed the demonstration as a "major milestone" in the development of a technology that he says is the "next frontier" in transportation.

An Ontario County manufacturer  will be expanding in that county and adding about 20 jobs in the process.

According to the state's economic development agency, Empire State Development, the company, MiniTec Framing Systems will be moving from Victor to Farmington as part of a $1.5 million expansion project.

The state has offered up to $130,000 to the company in exchange for job creation commitments.

MiniTec Framing produces components for clean rooms, custom commercial door frames and other industrial products.

The company has ten plants worldwide.

Harris Corporation has been awarded a $255 million dollar contract to manufacture military radios in support of U.S. Special Operations and for American allies.

That’s according to New York Senator Chuck Schumer, who says the contract will support jobs at Harris in Rochester.

A statement from the U.S. Dept. of Defense says the radios will provide a capability to receive and distribute intelligence, surveillance and reconnaissance data in the form of full motion video, along with other technology.

More than a thousand people gathered outside The Little Theatre in Rochester’s East End Monday night for a special celebration.

The occasion was the re-lighting of the marquee of that historic theater.

It was a project that took 9 months, and ended with music, a little dancing in the street, and that spectacular restored marquee updating the entrance to The Little Theatre, a marqueethat has been around since the early 1930s.

The value of the digital currency bitcoin is up to around $2,800 per coin, and some analysts have predicted it could hit $4,000 by the end of this year. But could it be a bubble?

Here & Now‘s Jeremy Hobson talks with Christopher Vecchio (@CVecchioFX), senior currency strategist at DailyFX, about what’s going on in the world of digital currency.

With less than two weeks left in the legislative session, some New York lawmakers are pressing for reform of the state’s economic development contracting process in light of a scandal that’s led to federal corruption charges against several former associates of Gov. Andrew Cuomo.

An Ontario County-based maker of air rifles has a new owner.

This week, the Crosman Corporation of East Bloomfield was purchased by Compass Diversified Holdings for $152 million.  That firm owns various middle market businesses.

Crosman’s previous owner was Wellspring Capital Management.

Crosman also announced that Robert Beckwith has been promoted to CEO. Most recently, he was the company’s chief financial officer.

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U.S. Photonics Hub Coming To Rochester

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