DemocratandChronicle.com Saturday, February 9, 2013 Page 5B

Cabot Group to help leaseportion of Seneca Building

The Cabot Group is now one of theleasing agents for new office space atthe former Midtown Plaza location indowntown Rochester.

The Rochester property and assetmanagement group has signed a con-tract with the Pike Development Co.to lease 30,000 square feet of officespace on the top floor of the SenecaBuilding. The goal is to attract localbusinesses specializing in things likelaw, marketing, engineering and ac-counting, The Cabot Group said.

Windstream Corp. plans to locate335 employees on the Seneca Build-ing’s first two floors and is expectedto move in around July 1.

“We understand how important arevitalized midtown is to the growthof our city, and we look forward toplaying a role in that revitalization,”said J. Michael Smith, chairman andCEO of The Cabot Group.

Gillibrand in HenriettaMonday to stump for bill

U.S. Senator Kirsten Gillibrand willbe at Henrietta’s Rochester PrecisionOptics on Monday to push her Made inAmerica Manufacturing Act.

The bill, authored by Gillibrand,D-N.Y., and introduced to the Senatein January, would have the federalgovernment set up a “Made in Amer-ica Incentive Grant Program,” withstates able to use that money for suchefforts as a revolving loan fund tohelp manufacturers pay for majorinvestments such as retooling or ex-pansions; or employee retraining formanufacturers.

Gillibrand currently has six co-sponsors, all Democrats.

Her stop in Henrietta to drum uppublicity for the bill will be at 12:30p.m.

Talman Building recoversfrom recent flood

Commercial life is largely back tonormal in downtown Rochester’s Tal-man Building after a broken sprinklerpipe left several inches of standingwater there on Jan. 31.

The break on the third floor flood-ed the second-floor offices of Cross-roads Abstract Corp., a real estatesearch and abstract and title insur-ance services firm.

According to Crossroads, thoughthe flooding swamped more than halfof Crossroads’ space, the companyresumed work the day after the flood-ing when power was restored to thebuilding, though it continues to dryout parts of its offices with fans. Andaccording to Crossroads, the abstractsand title files stored there were not hitby the flood waters.

The building at 25 E. Main St. alsohouses a KeyBank branch, which isopen, and a number of law offices onthe upper floors.

At a Glance

DOW13,992.97

+48.92

1

S&P 5001,517.93

+8.54

1

NASDAQ3,193.87+28.74

1

Stocks of local interest, 6B

Market Watch

Rochester renewable energy ser-vices company Arista Power Inc., tomake good on its rent, is handing thelandlord a large stack of stock.

In a U.S. Securities and ExchangeCommission filing Friday, Arista saidit had given the owner of its 1999Mount Read Blvd. building 390,000shares to settle up on rent and to cov-er it through the end of November.The landlord also received a warrant,guaranteeing the ability to purchaseanother 600,000 shares at a guaran-teed price of $1 each. The warrantexpires in February 2014.

Arista Power shares closed Fridayat $1.20, up 6 cents or slightly morethan 5 percent for the day.

— Matthew Daneman, staff writer

Local stock highlight

News TipsCall (585) 258-2416 or (800) 767-7539 fromoutside Monroe County.

2 T-note, 10-year yield, 1.95%, down 0.01.

2 Euro vs. dollar, down 0.0038 to $1.3363.

2 Gold, down $2.40 to $1,668.20.

2 Oil, light, sweet crude for March delivery, down 5cents to $95.78.

Key Indicators

Len LaCara Business Editor (585) 258-2416llacara@democratandchronicle.com

Len LaCara

Constellation Brands Inc. asked afederal judge to allow it to intervene inthe U.S. lawsuit seeking to block An-heuser-Busch InBev NV’s bid to buyGrupo Modelo SAB in order to protectits interests in the litigation.

Constellation, which jointly owns aU.S. beer distribution company withModelo, said it should be allowed tomake arguments in the lawsuit backingthe AB InBev deal, according to a courtfiling today in Washington. If the $20.1billion acquisition is approved, Victor-

defendant in the lawsuit. Constellationand Crown would get to argue for theirown stake in the deal if the judge allowsthem to intervene in the case.

AB InBev, which is based in Leuven,Belgium, asked U.S. District JudgeRichard Roberts in its own filing todayto let the companies join the case. TheJustice Department opposes the move,according to the filing by Constellationand Crown.

In a separate filing, the Justice De-partment and AB InBev asked Robertsto schedule a Feb. 15 hearing to set aschedule for how the case should pro-ceed.

based Constellation would end up withModelo’s stake in the distributor, CrownImports LLC, along with a 10-year distri-bution deal.

“The acquisition of Modelo’s 50 per-cent interest in Crown is a transforma-tional transaction for Constellation’sbeer business,” Margaret Warner, a law-yer for Constellation and Crown, said inthe filing. “The transaction will doubleConstellation’s participation in thebeers business.”

Constellation, which said it had beenpart of negotiations with the Justice De-partment before the government’s anti-trust case was filed, wasn’t named as a

Company asks in on suitConstellation wants to support beer merger in federal courtTom SchoenbergBloomberg News

The joys of watching MTV hillbil-ly reality show Buckwild or IFC’ssublime sketch comedy show Port-landia are about to hit you a littleharder in the pocketbook.

Many Time Warner Cable sub-scribers in western New York willsee their cable bills in March in-crease an average of 2.6 percent, saidspokeswoman Joli Plucknette-Far-men.

However, customers already inset pricing or promotional plans willbe unaffected by the increase.

“The new prices reflect dramat-ically higher costs charged by pro-grammers — especially for localbroadcast channels and sports pro-gramming,” she said. “Programmingcosts represent about 40 cents of ev-ery dollar a customer spends on TimeWarner Cable TV services. In recentyears, the cost of cable programminghas grown at double the pace of theprice of our TV services.”

Meanwhile, subscribers to cable’ssatellite competitors can’t sit smuglyback in their easy chairs.

As of this week, DirecTV hikedrates for many of its packages andservices. Like Time Warner Cable,the rate hikes didn’t hit people in pro-motional offers. But in general, ac-cording to DirecTV, customers sawtheir bills increase 4.5 percent.

Dish Network in January alsoraised its prices on its core packages— its first price hike in two years. Ac-cording to Dish, the cost of its coreEnglish programming packageswent up $5, while subscribers witholder DVRs saw their DVR fees in-crease by $1.

And like TWC, DirecTV and Dishpointed at programmers raising whatthey charge, with those program-ming expenses going up “well abovethe rate of inflation,” Dish spokes-man John Hall said.

MDANEMAN@DemocratandChronicle.com

Twitter/mdaneman

TV coststickingupwardTWC, DirectTV, Dishall see price increases

Matthew DanemanStaff writer

Hope you got a 2.5 percent pay raisein the past week. Because you’ll need itto keep your car going.

The average price of a gallon of reg-ular gas was roughly $3.85 in the Roch-ester region on Friday, according toAAA data. That’s roughly 2.5 percentmore expensive than it was just a weekago, and up 4 percent over the $3.70 av-erage gas price the region saw just amonth ago.

Other upstate cities are feeling simi-lar woes, according to AAA figures,with a gallon of regular gas averaging$3.86 in Syracuse — up about 5 percentfrom a month ago — and a gallon of reg-ular averaging $3.88 in Buffalo.

On Friday, crude oil traded above $96a barrel after reports showed better-than-expected trade data in China andthe U.S. trade deficit shrank in Decem-ber to the lowest point in three years.

Both pointed to a stronger globaleconomy and more demand for oil,which settled at less than $96 a barrel.

plies, Kloza says.The storm could bring a break in gas-

oline prices after a steady march up-ward in recent weeks. Kloza thinks thatlater in February and in March priceswill rise as they do most years, but per-haps not as fast, because prices have al-ready climbed so high.

“We were in an uptrend but clearly itwas too brisk,” he said. “The market bor-rowed some of the increases that usual-ly come in February and March.”

Still, drivers across the country can’tcatch a break at the pump. The averageprice for a gallon of gas rose a penny to$3.57. That’s up 27 cents from a monthago and 8 cents more than last year atthis time.

Drivers in New York who were fillingup ahead of a massive blizzard that be-gan to dump several inches across thestate faced an average pump price of$3.92 a gallon.

However, demand for gasolineshould drop, supplies should rise andprices in the region should drop a bit,said Tom Kloza, chief oil analyst for OilPrice Information Service.

“The simple impact (these storms)have is that they destroy demand for aperiod of time,” Kloza said.

The brunt of the storm is not expect-ed to hit refineries around New Yorkand Philadelphia the way that Super-storm Sandy did, so no supply disrup-tions are expected. If New Englandports get snowed in for a few days, itcould delay shipments of gasoline bybarge, which could lead to reduced sup-

Gas prices head even higherStaff and wire reports

The International Printing Machin-ery and Allied Trades Exhibition, heldevery four years in England, is a hugedeal in the commercial printing world.

Eastman Kodak Co. used IPEX 2010to debut its Prosper 5000XL digital ink-jet printing press — a key to the compa-ny’s successful turnaround. And XeroxCorp.’s Barnes & Noble store-sized dis-play area at IPEX 2010 was packed withsome of the company’s latest gear, in-cluding a Webster-made iGen4 digitalprinting press, a DocuColor 8002 digi-tal printing press and a demo of Xerox’sown production inkjet technology be-ing developed.

But when IPEX 2014 rolls around inabout a year, Kodak won’t be there. Norwill it be at Print 13 in Chicago this fall.Also not attending IPEX 2014 are Xe-rox, Hewlett-Packard Corp. and others.

A growing number of companies inthe commercial printing world are dial-ing down use of trade shows as part oftheir marketing efforts. “The idea is,we have to reach our customers in dif-ferent ways,” said Jon Levine, Xerox

vice president of global experientialmarketing. “The efficient way to dothat might not be trade shows.”

Trade shows have long been one ofthe few places where buyers of big ex-pensive printing presses or other big-ticket offerings could compare differ-ent products side by side.

But more information is accessibleonline, which has led to less of an em-phasis on taking equipment to showsand more emphasis on bringing cus-tomers to one of Kodak’s demonstra-tion centers in Rochester or elsehwere,said Christopher Payne, Kodak vicepresident of business-to-business mar-keting.

The shift for Kodak far predates thecompany’s current bankruptcy and

People mill in Eastman Kodak Co.’s booth at Drupa, the massive commercial printingtrade show and exhibition held every four years in Germany. Print industry companieslike Kodak and Xerox Corp. are decreasingly using trade shows as a means ofmarketing their products and services. PHOTO PROVIDED BY KODAK

PRINT TRADESHOWS FADEKodak, Xerox join trend to skipMatthew DanemanStaff writer

See TRADE, Page 6B

GO DEEPER ON DIGITAL

For a video on how Eastman Kodak Co. iscutting back attendance at trade shows,click on this story at DemocratandChronicle.com.