Rochester Business News & Events

401(k) balances little changed over 2011

PostBulletin Business News — Thu, 09 Feb 2012 14:09:58 GMT

BOSTON — Workers stashed money away in their 401(k) retirement plans at a faster clip last year but didn't get an immediate reward for their savings strategy. Fidelity Investments, the nation's biggest 401(k) administrator, says the average...(read more)

Buffalo Wild Wings shares soar

PostBulletin Business News — Thu, 09 Feb 2012 14:04:35 GMT

Wall Street is wild about Buffalo Wild Wings. Shares of the wings-and-beer chain soared 16 percent in after-hours trading today when the Golden Valley-based company reported a spicy fourth quarter. Earnings grew by 34 percent,...(read more)

Lenovo 3rd-quarter profit up by half, warns of disk supply

PostBulletin Business News — Thu, 09 Feb 2012 13:32:34 GMT

HONG KONG — Lenovo Group Ltd., the world's second biggest personal computer maker, said Thursday that quarterly profit grew by more than half but warned hard drive costs would remain high amid a global shortage....(read more)

Heard on the Street: Ridler now sole owner of Lilac

PostBulletin Business News — Thu, 09 Feb 2012 12:00:30 GMT

Tina Ridler is stretching out her northwest Rochester business as she adds new services and rejuvenates its focus. Massage therapist Ridler recently stepped up to be the sole owner of the Lilac Wellness Center in...(read more)

Greece bailout talks hit snag over pension cuts

PostBulletin Business News — Thu, 09 Feb 2012 00:19:56 GMT

ATHENS, Greece — Crucial talks to discuss austerity cuts in Greece broke down after eight hours Wednesday as leaders of the three parties backing the country's coalition government failed to agree to demands from international creditors for...(read more)

Greek parties mull new cuts; meetings Thursday on 2nd bailout

PostBulletin Business News — Wed, 08 Feb 2012 20:50:18 GMT

ATHENS, Greece — After three days of delays, Greek coalition leaders held crucial debt talks Wednesday with the prime minister to review a draft deal on steep cutbacks demanded by creditors in return for a €130 billion...(read more)

Stocks trade mixed as Greek debt talks drag on

PostBulletin Business News — Wed, 08 Feb 2012 20:45:48 GMT

NEW YORK — Stocks were mixed Wednesday afternoon as investors waited for news about whether Greece would hammer out a cost-cutting deal it needs to keep from defaulting on its debt....(read more)

3M names Inge Thulin CEO

PostBulletin Business News — Wed, 08 Feb 2012 15:45:57 GMT

ST. PAUL., Minn. — 3M Co. is naming Inge Thulin its next president and chief executive officer. Inge is currently the company's chief operating officer. Thulin's election to the...(read more)

Supervalu to cut 800 jobs nationwide

PostBulletin Business News — Wed, 08 Feb 2012 14:22:27 GMT

MINNEAPOLIS — Supervalu Inc. plans to cut 800 positions nationwide as the supermarket chain tries to lower its costs. The company, based in Minneapolis, has approximately 135,000 employees in total. It said Tuesday...(read more)

Builders Home Show is Friday

PostBulletin Business News — Wed, 08 Feb 2012 13:53:39 GMT

The 33rd annual Builders Home Show will be Friday through Sunday at the Mayo Civic Center, marking the kick-start to the construction season. Sponsored by the Rochester Area Builders, it offers seminars, fun activities and...(read more)

Bernanke: Job market remains weak despite gains

PostBulletin Business News — Wed, 08 Feb 2012 13:16:26 GMT

WASHINGTON — Ben Bernanke says the job market isn't as strong as the steadily declining unemployment rate might suggest. Responding to questions at a Senate hearing Tuesday, he noted that the unemployment rate...(read more)

Consumer borrowing rose $19.3 billion in December

PostBulletin Business News — Wed, 08 Feb 2012 13:16:12 GMT

WASHINGTON — Americans accelerated their borrowing in December for the second straight month, running up more credit card debt and taking out loans to buy cars and attend school. Consumer borrowing rose by...(read more)

Job openings jump to near a 3-year high

PostBulletin Business News — Wed, 08 Feb 2012 12:44:05 GMT

WASHINGTON — The number of available jobs in the United States jumped in December to near a three-year high, supporting other data that show a brighter outlook for hiring. Companies and governments posted...(read more)

Heard on the Street: About Face adds doctor

PostBulletin Business News — Wed, 08 Feb 2012 12:00:20 GMT

The doctor is now in. About Face , a health and beauty boutique with two Rochester locations, has brought on Dr. Victoria J. Hagstrom to direct its newest spot in the Rochester Athletic Club...(read more)

4 Yahoo board member including chair leaving

PostBulletin Business News — Tue, 07 Feb 2012 22:04:33 GMT

SAN FRANCISCO — Yahoo Chairman Roy Bostock and three longtime board members are stepping down, fulfilling the wishes of many frustrated shareholders who believe the directors have been part of the problem that has dragged down the...(read more)