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April 30, 2017
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  • Business Briefs from The CNYBJ

    by Eric Reinhardt

    A Syracuse law firm relocates its Boston office, and SUNY's Small Business Development Center will use federal funding to encourage energy efficiency. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR.

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  • Hiscock moves Boston office

    by Kevin Tampone

     

    Law firm Hiscock & Barclay, LLP is relocating its Boston office to new space in the city's financial district.
    The new office is located in 6,500 square feet on the 26th floor of One International Place. The office was previously located at 50 Federal St. The firm first opened a location in Boston in 2008.

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  • SBA awards funding for small business energy efficiency

    by Kevin Tampone

     

    The Small Business Development Center (SBDC) at the State University of New York (SUNY) is among seven centers receiving a grant of $125,000 to help small businesses become more energy efficient.

    The U.S. Small Business Administration (SBA) announced the funding today.

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  • Chemung Financial profit rises 17.6 percent in first quarter

    by Kevin Tampone

     

    Chemung Financial Corp. earned $2 million in the first quarter, up from $1.7 million in the first quarter of 2009.

    Earnings per share totaled 55 cents, up 14.6 percent from a year earlier.

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  • Business Briefs from The CNYBJ

    by Eric Reinhardt

    Bristol-Myers Squibb blames the health-care reform legislation for its reduced earnings per share, and ConMed of Utica posts a third-quarter profit. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

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  • Anaren profit rises 31 percent in latest quarter

    by Kevin Tampone

     

    Anaren, Inc. (NASDAQ: ANEN) announced today it earned $4.6 million in its fiscal third quarter, up more than 31 percent from a year earlier.
    Earnings per share totaled 32 cents, up from 25 cents in the third quarter of 2009. Net sales for the period totaled $42.2 million, down 3 percent from the same period a year ago.

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  • Profit rises at Bristol despite effect of health-care reform

    by Kevin Tampone

     

    The effect of the new health-care reform law decreased first-quarter earnings per share at Bristol-Myers Squibb Co. (NYSE: BMY) by about 3 cents, the company said today in releasing its financial results.

    Higher rebates to Medicaid and Medicaid managed-care organizations reduced the drug maker's earnings per share by 2 cents. Bristol-Myers also faced a one-time, 1 cent per share charge due to the elimination of the tax deductibility of a portion of the company's retiree health-care costs.

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  • Rome Bancorp reports record earnings

    by Adam Rombel

     

    Improved margins and gains from real-estate sales helped push earnings at Rome Bancorp, Inc. (NASDAQ: ROME) to a record of $1.1 million, or 18 cents a share, for the first quarter.

    The results, up from $707,000, or 11 cents per share, a year earlier, led one analyst to upgrade the company's stock from hold to buy.

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  • Revenue, earnings increase at ConMed

    by Kevin Tampone

     

    Strong orthopedic and single-use product sales pushed first-quarter revenue up 7.5 percent to $176.4 million at ConMed Corp., which also reported net income of $7.3 million, or 25 cents per share.

    That's up from $4.5 million, or 15 cents, a year ago, but missed analyst expectations of 26 cents per share in earnings and revenue of $179.2 million. Investors sold off ConMed (NASDAQ: CNMD) shares in the immediate aftermath of the earnings report with the stock falling more than 8 percent in trading this morning.

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  • Business Briefs from The CNYBJ

    by Eric Reinhardt

    Welch Allyn acquires a New Jersey company, and the Clean Tech Center in Syracuse accepts five new firms for a business-development program. Hear details in this recording of "Business Briefs from The Central New York Business Journal," as aired on NewsRadio 570 WSYR in Syracuse.

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