Economic & Business Climate

Kodak Denies Reports of Bankruptcy Plans

Eastman Kodak stock opened higher Monday just days after the company denied reports that it is considering bankruptcy as a possible option amid its financial worries as reported by Bloomberg News and the Wall Street Journal.

Cuomo Announces $4.4 Billion High Tech Investment

Governor Cuomo says $4.4 billion dollars will be invested in high tech chip fabrication plants across upstate New York, and he predicts it will bring nearly 7000 jobs.

Debate Grows Over Gas Facility on Seneca Lake

WXXI Innovation Trail reporter Matt Richmond looks at the efforts of a group called Gas Free Seneca, which is mobilizing to block a plan to store liquefied propane in old salt mines near Seneca Lake.

Watching and Worrying As Kodak Stock Fluctuates

Eastman Kodak's shares dropped to the lowest point of the year Monday as investors reacted to the company's decision to borrow $160 million against its credit line.

Town's Fracking Ban Faces Court Challenge

WXXI Innovation Trail reporter Matt Richmond explains what's behind another lawsuit against a town ban on natural gas drilling in Central New York.

Dow Drops Despite Federal Reserve's Move

The Dow Jones Industrial Average closed down nearly 400 points Thursday on concerns about a weak glodal economy and fears of another potential recession.

UB Medical School Receives Mysterious $40 Million Donation

WXXI Innovation Trail reporter Daniel Robison says an anonymous philanthropist has given the University at Buffalo its largest donation ever: $40 million to the UB medical school.

Harris RF Communications Opens New Facility

International communications and information technology leader Harris RF Communications consolidated several of its Rochester production lines under one roof in Henrietta.

Examining America's "Quest" for Energy

NPR and WXXI's Innovation Trail look at the battle over fracking and where it fits into the quest for energy development in this country.

Innovation Conversation: Your Community, Your Call

WXXI's Innovation Trail project focused on New York State's new Regional Economic Development Councils in a series of reports and a special program that featured a conversation with Lt. Governor Robert Duffy.