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Bankruptcy judge approves Kodak's bonus plans<span style="display: none"> </span>

A U.S. Bankruptcy Court judge has approved Kodak's plan to pay up to $13.5 million in bonuses to retain key managers as it reorganizes under bankruptcy protection.

The Rochester-based company said during a court hearing Monday in New York that turnover has become a serious problem. Kodak proposed the bonuses earlier this month. 

Judge Allan Gropper approved the plan despite an objection by the U.S. trustee over concerns Kodak hadn't been clear in guaranteeing the money wouldn't go to insider-level executives like Chief Executive Antonio Perez. Kodak responded in a court filing that only non-insiders would get the bonuses. 

Kodak says Gropper also approved an agreement that Kodak has with the creditor committee to give Kodak an additional 150 days for the exclusive right to file a reorganization plan. 

North American Breweries #6 best-selling brewery in 2011

Sales of Dundee and Genesee Beer helped to make North American Breweries one of the top-selling beer companies in 2011.

The industry group "Brewers Association" released its list of the top 50 overall brewing companies in the country, based on beer sales.

North American Breweries came in at number 6 on the list. The brewery includes Dundee, Genesee, Magic Hat and Pyramid brand beers.

Anheuser-Busch topped the list, which can be found here.

Bop Shop Records to mark opening of new home

Friends and loyal customers rallied around Bop Shop Records when redevelopment plans caused the store to lose its lease at the Village Gate after 30 years of calling the location its home... Read More

Kodak withdraws motion to eliminate health benefits for Medicare-eligible retirees

Kodak has decided to withdraw its motion to eliminate medical coverage for Medicare-eligible retirees. For now, benefits will remain the same.

The company, which is in bankruptcy, is not currently proposing any other changes to retiree medical and survivor benefits.

Kodak says it still needs to significantly reduce its benefits costs but realizes that more time is needed to implement any plan...

Kodak agrees with the request that a committee be formed to address needs of retirees as the company's reorganization goes forward and will accept having a U.S Trustee pick a committee of retirees to work with Kodak officials.

New coffee shop opening in downtown Rochester

A new coffee shop is coming to downtown Rochester.

Roc River Coffee Company is holding its grand opening at 11 a.m. Monday.

The cafe and deli is at the corner of Andrews and Bittner Streets.

Kodak announces pay freeze for U.S. employees

As part of an effort to cut costs during restructuring, Eastman Kodak says it will freeze salaries for all U.S. employees.

A Kodak spokesperson says the company is focused on transformation, and working hard to become a self-sustaining, profitable enterprise. For that reason, Kodak says it will not conduct a salary review this year.

It did not say if reviews would resume in 2013.

Groundbreaking for Windstream building in downtown Rochester

Will it be the re-birth of Midtown?

Nearly 50 years to the day after Midtown Plaza first opened in Rochester, officials gathered for a groundbreaking at the site.

City, county and state officials were on hand for the groundbreaking of Windstream's new building downtown.

Windstream acquired PAETEC last year.

The Arkansas-based company is going to redevelop the former Seneca building and create office space for about 300 employees.

Nineteen-million is being spent on the project.