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On Friday, Harris announced that it was acquiring Exelis in a deal valued around $4.75 billion. The cash and stock transaction is valued at $23.75 per share and is expected to close in June. The deal combines two military suppliers at a time when the pentagon is looking to reduce spending by $1 tril...

The first month in the stock market for 2015 has been like a heavyweight bout between the bulls and the bears. The question is whether the decline in commodity prices is foretelling a dramatic slowdown in global growth, or instead be a stimulant to global growth. Each camp has good points. So far th...

A general view of millennials is that they are big spenders and are not focused on savings. They are a generation focused on entertainment, frivolous extras, and expensive technology gadgets. Yet, this article references a recent survey reporting that 53% of millennials studied think about their fin...

On Friday, Wall Street's buzz was about New York City based Shake Shack whose stock jumped nearly 120 percent on its first day of trading. The stock closed at $45.90 per share after it was initially offered at $21 per share. By selling 5 million shares the newest public company raised $105 million....

With the markets hitting highs so many clients ask "should we really invest now?" My answer is the following: As we close out January many of the S&P 500 companies are delivering their quarterly earnings results. One company has dominated to achieve record performance: Apple. Key first quar...

On Thursday, the European Central Bank announced an aggressive bond-buying program in an attempt to breathe life into the euro zone economy. After the announcement, the euro dropped more than 2 percent against the dollar which is welcome news for Americans with plans to visit Europe. Since dollars n...

On Thursday Governor Cuomo proposed a $1.5 billion upstate economic revitalization fund competition among seven regions. The seven regions will compete for three awards of $500 million each in economic aid. The seven regions that are eligible are: Capital Region, Central New York, Finger Lakes, Sout...

Many people today plan to do some kind of work in retirement. In fact, a recent article reported the following figures: 1. 65% of workers plan to work in retirement2. 27% of retirees say they are employed3. 42% of baby boomers plan to work part-time in retirement4. 62% of baby boomers work in retire...

What happens when the roof on your house starts to leak, your car is totaled, or you have a serious medical issue and you don't have the money to cover your expenses? According to a recent article 62% of Americans do not have an emergency fund to cover unexpected expenses. Aside from investments...

A local company has been making headlines and catching the eye of technology giants. Vuzix is headquartered in Rochester, NY and is the leading supplier of video eye-wear products across multiple markets. Vuzix caters its devices to both consumers and workplaces, largely targeting field technicians...