Randy Gorbman reports on JCPenney's and Macy's announcement that they'll be closing stores and whether any Rochester-area stores will be shutting their doors. Then, a profile of Sarah Knight from Roc Girl Gang and how her site is highlighting women entrepreneurs.

The WXXI Business report looks at business and economic issues facing the Rochester area including Western New York and the Finger Lakes. 

Hundreds of people watched the Academy Awards in style Sunday night in Rochester, while also helping out a good cause.

This was the second year in a row the Kodak Center for the Performing Arts, which used to be known as Theater on the Ridge, has hosted a gala to benefit a local charity. Last year it was the American Heart Association, this year it was the United Way of Greater Rochester.

Officials with Windstream have announced some staffing changes in Rochester due to the company’s recent merger with EarthLink.

The company says it will cut about 50 jobs over the next three months, mainly in positions that are in corporate support departments, such as finance, legal and human resources.

Windstream says the staffing moves follow a detailed review of the overall functions at EarthLink and an effort to identify redundancies. Affected employee will be able to apply for other open jobs at Windstream, and there will be severance benefits.

The company that owns the major shopping malls in the Rochester area remains upbeat about the ongoing presence of J.C. Penney, despite word that chain plans to close some stores across the country.

J.C. Penney has announced it will close 130 to 140 underperforming stores over the next few months. But just which ones will close hasn’t been released yet, that should happen in March after the company sees just how many employees take advantage of an early retirement program.

A coalition of government, labor and business groups is pushing for more investment in New York State's water infrastructure needs.

A number of local representatives got together at the Monroe County Office Building Thursday to support the proposal by Governor Cuomo to spend $2 billion in the new state budget toward that effort, and to push for additional spending.

Officials in Steuben County are bracing for the possibility that hundreds of jobs may be leaving.

Kraft Heinz has sent out a notice to 330 employees of the plant in Campbell that they could be laid off.  The notice is required by the NYS Labor Department, and comes after the company announced in the fall of 2015 that it would close seven manufacturing facilities within 18 to 24 months.

New clothing deal for Hickey Freeman

Feb 23, 2017

Senator Charles Schumer visited the Hickey Freeman factory on North Clinton Avenue to announce the local clothier will be making a new line of custom clothing for Trunk Club, a new clothing service owned by Nordstrom.

Schumer says the deal has already produced 15 new jobs, with the possibility of 50 more new positions at the factory, where it's expected production will be boosted by 20 percent the first year.

"Hickey Freeman, in America, has the high end clothing manufactured business sewed up," he said.

Wegmans is responding to some criticism by Costco over how prices are displayed in its stores.

The complaint made by Costco has to do with certain in-store comparison pricing displays at Wegmans stores. Costco challenged claims made in those displays through The National Advertising Division, which is part of a self-regulatory effort by the advertising industry.

Redevelopment of the former Bethlehem Steel site, in Lackawanna, is another step closer to reality. The Erie County Industrial Development Agency approved buying nearly 150 acres of the site along Route 5 Thursday. County Executive Mark Poloncarz says, it's an important purchase for the IDA and the County.

Conduent, the company that was spun off from Xerox and which focuses on business services, has released fourth-quarter and full-year earnings.

Those full-year results represent operations while Conduent was still part of Xerox Corp.

For the fourth quarter, the company saw a net loss of $951 million and revenues of $1.5 billion. For the fiscal year overall, the loss was $983 million, and revenues came in at $6.4 billion.


U.S. Photonics Hub Coming To Rochester

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