Kodak Q3 losses up, Silicon Alley takes a hit from Sandy
Good Morning for your post-Sandy Thursday Trail Mix.
Some other stories are pushing their way through the newsfront that was Hurricane Sandy but before we get to them Newsvine reports on how the busy New York startup scene is coping with the event.
The Brookings Institution mines into the discussion that Governor Andrew Cuomo is encouraging on how to rethink the aging infrastructure of New York.
Kodak reports that its 3rd quarter loss had widened to $312 million, up 41% from the same period in 2011, (Reuters). Kodak says:
This reduction reflects strategic decisions to focus on profitable businesses and accounts, lower sales of traditional products, unfavorable foreign exchange impact, and soft industry demand as a result of the broader economic downturn in some businesses and regions.
Co-working spaces in New York are expected to do a roaring trade after the storm, reports betabeat.com.
Lowes and Home Depot stock was up at the close of the NY Stock Exchange's first day of trading after the storm-induced hiatus. (blogs.ajc.com/business-beat)
Unshackle Upstate, a Rochester-based business lobby group, says the state needs to reduce the cost of business as the U.S. Bureau of Labor Statistics put the New York state unemployment rate at 8.2% for the month of September. (Democrat and Chronicle.)
The New York Times editorial board comes out strongly against privatizing disaster relief.
Rochester City is presenting a new plan for midtown at an event this morning. (RBJ)
Gannett's Jon Campbell is reporting that 53 New York municipalities are pressing the case for "home rule" in the courts through the Albany-based firm Whiteman Osterman and Hanna.