Kodak is reporting its first quarter financial results, and they show a loss of $25 million compared to the same time last year. Revenues were flat, at $357 million.

CEO Jeff Clarke says the company did see strong performance in some of its key segments for commercial printing and packaging.

At Brighton Securities, George Conboy says there may not have been a lot to cheer about in this quarter, but hopefully sales have stabilized and will see increases in the future.

Ribbon cutting ceremonies were held Wednesday on an expansion project at a former Kodak building on Lake Avenue, that now houses ON Semiconductor, which develops and builds sensor devices.

It's a company that Senior Vice President Mark Goranson says was considering moving its technology to a factory in Japan.

But getting AIM photonics here to cost-share the facility, plus incentives from the state, kept the company in Rochester.

Xerox has released a letter from its board of directors to shareholders, in the ongoing dispute over control of the company’s management and direction.

Valeant Pharmaceuticals, which owns a Rochester company with a long history in this area, will be adopting some of that heritage.

The Canadian pharmaceutical company that owns Bausch + Lomb will change its name to Bausch Health Companies effective in July.

In the latest Business Report, we take a look at where Xerox stands in terms of management and is the possible deal with Fuji still on after a tumultuous week?

More jobs are coming to Genesee County, including several associated with a ‘biogas’ facility. Plus, Key Bank is providing a boost to a new effort by the Urban League of Rochester and the Ibero-American Action League.

Xerox says it will appeal a ruling from a NYS Supreme Court Justice who last week blocked the proposed takeover of the company by Fuji.

Judge Barry Ostrager had issued his preliminary injunction after a shareholder lawsuit by activist investor Darwin Deason.  The judge had said that CEO Jeff Jacobson sought to conclude the deal even though he was advised to end negotiations.

Updated at 10 a.m. ET

The U.S. economy had a net gain of 164,000 jobs last month. Unemployment — which had stood at 4.1 percent since October 2017 — fell to 3.9 percent, according to Friday's report from the Bureau of Labor Statistics.

The last time the U.S. jobless percentage sat below 4 percent was in 2000, when unemployment stayed at 3.9 percent for the final four months of the year.

A tumultuous week for Xerox has resulted in another surprising turn of events.

Late Thursday night, Xerox released a statement saying that its current board and management team will stay in place, after a settlement agreement it had reached with two activist shareholders has expired.

Gov. Andrew Cuomo was joined by officials from a high-tech company on Thursday to announce that company will locate operations in Rochester and create about 500 jobs.

The company is called LiveTiles. It’s a software company that does work for educational and corporate clients around the world and is also involved in artificial intelligence.

LiveTiles is owned by an Australian firm, but has headquarters in New York City, and now it will be locating one of its hubs in Rochester, on Commercial Street in the High Falls neighborhood.

The sudden news about sweeping changes in Xerox’s management ranks has left a lot of questions as well as unsettling feelings for some employees.  

With the surprise announcement Tuesday night that Xerox CEO Jeff  Jacobson is stepping down, along with the board of directors Chairman and several other directors, it has raised questions about where the company goes from here. 

The agreement between Xerox officials and two major shareholders also puts the possible takeover by Fuji up in the air as well.


U.S. Photonics Hub Coming To Rochester

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