A proposal to develop a portion of Schoen Place in Pittsford is apparently off the table.

Development company Wilmorite had planned to buy property from a local farmer, to put up a hotel and spa along with offices and shops.  That plan was put on hold after the village board approved a moratorium on new construction last year.

Wilmorite issued a statement Monday saying that it withdrew its development application, saying that there is no reason to leave their application in a pending status when the village has what Wilmorite calls,“uncertain zoning.“

Updated at 5:15 p.m. ET

The stock market finished the day sharply higher, but only after another session of wild price swings.

The Dow Jones industrial average closed at 24,912.77, an increase of 567 points, or 2.3 percent. But it began the day down sharply, with triple-digit losses.

Other major U.S. stock indexes also rebounded Tuesday, with the S&P 500 finishing up 46 points, or 1.7 percent, and the Nasdaq up 148 points, or 2.1 percent.

Look up from this screen right now. Take a look around. On a bus. In a cafe. Even at a stoplight. Chances are, most of the other people in your line of sight are staring at their phones or other devices. And if they don't happen to have one out, it is certainly tucked away in a pocket or bag.

But are we truly addicted to technology? And what about our kids? It's a scary question, and a big one for scientists right now. Still, while the debate rages on, some doctors and technologists are focusing on solutions.

The man who has led the Greater Rochester Health Foundation since its inception in 2006 is stepping down. John Urban, who before he joined the foundation as president and CEO led the HMO Preferred Care for 21 years, will be leaving the health foundation effective at the end of July.

Urban says since the Health Foundation recently adopted a new long term strategy, it's a good time to retire so that a new leader can get on board.

The U.S. added 200,000 jobs in January, continuing the trend of steady job growth for another month, the Bureau of Labor Statistics reported on Friday.

That means the economy has now added jobs for 88 months in a row. And, significantly, wages are on the rise, too.

Average hourly earnings rose by 9 cents to $26.74, with a year-over-year growth of 2.9 percent — the highest rate of growth the BLS recorded since June 2009.

The unemployment rate held steady at 4.1 percent.

The president of the Democrat and Chronicle is leaving. The newspaper said on Thursday that Dan Norselli, who has held that position since August of 2016, is leaving to pursue other opportunities.

The 35 year old Norselli began his career with Gannett, the paper’s parent company, in 2012 as digital director of the D&C. He also had a stint as president and publisher of the Springfield News-Leader in Missouri.

Among those watching the deal announced Wednesday where Fuji will gain majority control of Xerox as part of a new company called Fuji Xerox is a retired longtime Xerox executive.

Emerson Fullwood worked for Xerox for 36 years, in a variety of roles, including having been president of the company's Worldwide Customer Services Group. The Pittsford resident also is still a member of various corporate boards, including the Vanguard Group and SPX Corporation, and he has been an Executive in Residence at RIT.

After a sharp rise in its stock price a few weeks ago when Kodak announced it was getting into the cryptocurrency area, the company’s share price fell 13% on Wednesday, and another 12% on Thursday, closing at $6.95 a share.

With the news on Wednesday at Xerox will combine with their current joint venture with Fujifilm holdings to create a new company called Fuji Xerox, WXXI's Beth Adams talked with George Conboy from Brighton Securities about the impact this may have in Rochester.

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U.S. Photonics Hub Coming To Rochester

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