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Kmart stores in Victor and Chili to close

Published on August 24, 2017 70 views

Kmart stores in Victor and Chili are among more than a dozen locations that are set to close this year. "It was only a matter of time" said George Conboy, Chairman, Brighton Securities.

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Crowds line up for tickets ahead of Powerball drawing

Published on August 23, 2017 82 views

It wasn't just people hoping to cash in. It was entire offices, too - like Brighton Securities. "The odds of winning the Powerball are roughly zero, to be quite candid," said George Conboy of Brighton Securities. "Your odds are essentially zero with one ticket, and zero with 100 tickets."

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Brighton financial expert breaks down latest DOW milestone

Published on August 2, 2017 110 views

The Dow Jones Industrial Average notched another milestone today, breaking above 22,000 for the first time. Chairman of Brighton Securities, George Conboy joins us in studio to talk about this milestone and what it means.

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George Conboy On Dow Jones Record with Kimberly and Beck

Published on August 2, 2017 111 views

George Conboy discusses the Dow Jones Record with Kimberly and Beck.

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Xerox earnings: profits beat estimates, revenues a little lighter than expected

Published on August 1, 2017 110 views

At Brighton Securities, George Conboy says this quarter looks a lot like some recent quarters. He says Xerox still needs to shore up sales. “To me it looks like Xerox will need to diversify their revenue base; they’re making equipment and they’re selling services to go with that equipment, but both major forms of business have been down now for some time.”

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Daniele family reacts to Amazon buying Whole Foods

Published on June 16, 2017 216 views

Financial analyst George Conboy of Brighton Securities said this move drives up the supermarket competition wars. "Wegmans’ flagship store is down on Monroe Avenue,” Conboy said. “We have a Trader Joe's right next door. If we have a Whole Foods down the street, you'll see these successful grocers battle it out for the consumer. Generally, when that happens, the consumer wins. We stand poised in Rochester to be the most competitive grocer market in the U.S."

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Bitcoin - A bubble or the currency of the future?

Published on June 5, 2017 240 views

How much do you know about Bitcoin and cryptocurrency? The value of Bitcoin has gone through the roof recently. Is it a bubble or could it eventually replace the dollar?

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Rising student debt has a ripple effect on economy

Published on June 4, 2017 237 views

"There is no question that the large student debt is a drag on the economy — dollars earned that have to pay off debt and not be used to buy a house, purchase a new car or start a family," said George Conboy, chairman of Brighton Securities, which is an investment brokerage and financial planning firm.

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Kodak Launches New 'Ektra' Smartphone Camera

Published on May 25, 2017 252 views

Financial expert George Conboy says the Ektra is a niche market for Kodak. He says that Kodak is not the giant it once was, but selling in smaller numbers is still selling.

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Xerox's Ursula Burns retires from the board; new chairman named

Published on May 23, 2017 466 views

“The fact that Xerox is still going, still making profits says there’s been an intense focus on cost control, she hasn’t been everyone’s favorite because she’s cut the headcount, but at the end of the day, the company’s still around, the company’s still making profits, and they’ve got a new change to grow.” Conboy says Xerox’s stock price didn’t do much while Burns was CEO, but at least the company has stayed in business where others have failed.

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Kodak, Xerox hold public shareholder meetings

Published on May 23, 2017 243 views

As both Kodak and Xerox hold public meetings for shareholders today, George Conboy from Brighton Securities helps explain what shareholders should be looking for from the meetings.

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Kodak turns in a profit for the 1st quarter; sales decline

Published on May 9, 2017 231 views

At Brighton Securities, George Conboy says overall, this was a pretty good quarter for the company. “I’d say this quarter was a mild plus for Eastman Kodak in most of their divisions, and a fair report on the top line, where sales declined only slightly and a decent report on the profit side, so all in all, plus for Kodak," Conboy told WXXI News.

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Xerox 1st quarter: earnings off a penny from Wall St. projections, revenues on target

Published on April 25, 2017 254 views

At Brighton Securities, George Conboy says that while profit margins were up, sales were soft. “This is a company that I think you can expect to find over the next 6, 9 months, 18 months will continue a very strong focus on restructuring to get to a place where they can get sales that will sustain the company because they’re not there yet.”

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Top Workplaces: Brighton Securities

Published on April 6, 2017 309 views

Brittany Weeks, an Office Assistant at Brighton Securities, said "it's the relationships at the financial services firm that makes getting up and coming to work enjoyable." "Ideas and suggestions are valued by the firm," said Christina Gregory, the Marketing Coordinator at Brighton Securities.

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Brighton Securities turns ideas into action

Published on April 6, 2017 317 views

But what factors into being named a Top Workplace? For Brighton Securities, it comes down to an open-door policy, involving all employees in decisions that affect them, and implementing ideas from employees, Jai Ramachandran CEO, said.

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Rochester's Top Workplaces 2017: The list

Published on April 6, 2017 334 views

Here are Rochester's Top Workplaces for 2017. The winners were announced at an awards ceremony on April 6.

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How will New York pay for free tuition?

Published on March 29, 2017 333 views

"It will have to get paid for somehow. It will either be other things will get cut, or taxes will go up,” said George Conboy, Brighton Securities chairman.

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Webster team part of Xerox's largest product launch ever

Published on March 29, 2017 310 views

"Quite frankly, they have to do it," said George Conboy, Chairman of Brighton Securities. "Xerox has to make sure they stay current and integrate their documents processes with the kinds of devices that workers are used to using.

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Business Report: Future of Bausch + Lomb; who gets impacted by rising interest rates

Published on March 20, 2017 310 views

Amajor investor in Valeant decided to sell his shares in the company, George Conboy of Brighton Securities ponders what that might mean for the future of B + L going forward.

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Kodak turns a profit in 2016

Published on March 7, 2017 294 views

Revenues in 2016 totaled about $1.5 billion down 10 percent from the year before.At Brighton Securities, Chairman George Conboy says the company has seen slow improvement. “Kodak sales still declined in the quarter, but not by much, and they actually turned a profit, a nice improvement from what we’ve seen in previous years.”

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Excellus CEO sees 9% pay hike

Published on March 2, 2017 261 views

The increase for Booth was "generous," given the marketplace and community, said George Conboy of Brighton Securities. As for the company's overall performance, being a nonprofit health plan, Conboy said it appeared Excellus was "doing a good job."

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Hedging a tool for firms facing currency flux

Published on February 24, 2017 338 views

“When people think about managing currency risk, they think of flashing red and green lights on a screen watching the euro,” said Jeff Morse, managing director of corporate finance for Brighton Securities Corp., who has worked with a number of clients on hedging strategies. But currency hedging is more like insurance than an investment strategy when it comes to businesses that buy or sell abroad, he argued.

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Xerox reports earnings for document technology business

Published on January 31, 2017 368 views

At Brighton Securities, Chairman George Conboy says getting those sales numbers up really is Job 1 for Xerox. “This quarter was a little better ...

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A comeback for Kodachrome? Maybe, Kodak says

Published on January 26, 2017 401 views

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Financial Analysts Say 'Trump Bump' Helped Dow Jones Reach 20,000

Published on January 26, 2017 377 views

“There’s been a lot of promises that are pro-business, pro-economic growth, so that is part of the optimism that’s baked into the numbers right now," said Brennan Redmond of Brighton Securities. "So that’s good, but it’s a double edged sword, because if t

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Dow Jones hits historic 20,000-point mark

Published on January 25, 2017 399 views

George Conboy of Brighton Securities said the average can act as a way to measure consumer optimism. “An analyst will tell you that the meaning is very modest, because the Dow Jones Industrial average is a median composed of only 30 companies,” said Co

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Small Business Spotlight: Brighton Securities

Published on January 14, 2017 382 views

Brighton Securities again made the most recent list of the Democrat and Chronicle’s “Top Workplaces.” Jai Ramachandran said the firm’s open-door policy plays a big part in achieving that recognition.

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What do newly released court papers on Assemblyman Nojay reveal?

Published on December 19, 2016 388 views

George Conboy, Brighton Securities: “Most people come across a lawyer's escrow account when they sell a house, for example. You go to the closing, your house is sold. In a few days or a week after the transaction the lawyer will send you a check for the

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Not just the election: Is Russia also influencing our gas prices?

Published on December 13, 2016 365 views

George Conboy: "Supply and demand factors for any commodity, Berkeley, tend to be very self-correcting."

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Charter, telecom shakeup reverberates in Rochester

Published on November 15, 2016 382 views

"There has been a lot of churn in the industry," Brighton Securities Chairman George Conboy said in a recent interview with the Democrat and Chronicle. "In looking at this I think consolidation in the industry is inevitable because there are a lot of comp

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The Dow reacts well to Trump

Published on November 11, 2016 361 views

"It’s Wednesday. The sun will come up. The farmer will go in the barn. The cow will give milk. The chicken will lay an egg." - George T. Conboy

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Kodak Posts a profit in its latest quarter

Published on November 9, 2016 378 views

Kodak is reporting another profitable quarter, although sales were down. But overall, George Conboy of Brighton Securities says this was a pretty good report. “There certainly is a positive in that Kodak is starting to print its quarterly reports in bl

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Windstream To Buy EarthLink

Published on November 7, 2016 388 views

The statement about the merger refers to the two companies identifying $125 million in synergies. At Brighton Securities, George Conboy says he wouldn’t be surprised to eventually see that result in some local cost cutting. “I think it’s reasonable to e

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Brighton Securities Expands Headquarters

Published on October 26, 2016 374 views

Brighton Securities has expanded its offices, adding three new conference rooms, a larger reception and waiting area, eight new offices and a dedicated wing for tax services. The wealth management firm has added 2,000 square feet to its Monroe Avenue loca

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Verizon to close Henrietta call center; 600 jobs lost

Published on October 13, 2016 447 views

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Paychex continues to grow after more than four decades

Published on October 7, 2016 365 views

Doug Hendee, chief sales officer and certificated financial planner for Brighton Securities, said Paychex is one of Rochester's "flagship companies" that's managed well despite being in a complex line of business. "From an investor's standpoint, that's what we look for," Hendee said. "They continue to grow and adapt their business to what the end-user wants and the stock has done very, very well."

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Local men raise funds to fight breast cancer

Published on September 26, 2016 370 views

"In addition to wearing pink and raising awareness about breast cancer issues, these men will be raising funds to help the American Cancer Society save more lives from breast cancer," said Michael Crisona, senior market manager for the American Cancer Soc

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Valeant to report Bausch + Lomb results separately

Published on August 9, 2016 377 views

"I suspect Valeant management would very much like to keep Bausch + Lomb," said George Conboy, an investor and chairman of Brighton Securities. "You only throw something over the side if you have to lighten the load of a sinking ship. It's not clear this

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Kodak reports profitable Q2

Published on August 9, 2016 378 views

"The long, slow decline in the stock has been reversed," Conboy said. "And while it isn’t up to where it was at the beginning of 2015 (when it topped $22), stock prices tend to be a leading indicator. Meaning, it's not uncommon for a stock to react in adv

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Xerox's 2nd Quarter: Profits Improve; Sales Lagging

Published on July 29, 2016 724 views

At Brighton Securities, Chairman George Conboy says the quarter was so-so, with earnings showing improvement, but revenues still lagging. “Profits were OK, a little higher than expected, it’s great that Xerox is profitable. Unfortunately, as expected, sa

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Xerox Increases The Size Of Its Board Of Directors

Published on June 28, 2016 369 views

Xerox had already agreed to give Icahn three seats on the board of the business services company, but now, the Wall Street Journal reports he may have more of a say about the formation of both companies. Brighton Securities Chairman George Conboy is not

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Brexit Vote: Could It Affect Your Financial Plan?

Published on June 24, 2016 361 views

We want to stay diversified, we want to make sure that we are looking at all those principles of investing and following those and this kind of event that we've seen so many times before we should be able to weather that fine," Brighton Securities senior

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How many jobs is Xerox cutting in Rochester?

Published on April 26, 2016 465 views

"You risk demoralizing your workforce when you try to tell them that they shouldn't be open with your customer base," said financial analyst George Conboy with Brighton Securities. "No one wants their customers to think they're calling Guatemala or the Ph

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Connections: The Debate Over Uber And Lyft

Published on February 2, 2016 369 views

We examine the debate over Uber and Lyft, and whether it's time for the state to allow them to operate across New York. Jai Ramachandran, CEO of Brighton Securities and an Uber enthusiast

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