Inside Long Island Business

Get the latest news and trends on Long Island companies and the people behind them.

Garden City financial adviser makes Barron's list

A Garden City-based unit of Morgan Stanley was

(Credit: Bloomberg News / Victor J. Blue)

A Garden City-based unit of Morgan Stanley was the sole Long Island practice named to Barron's list of top 100 financial advisers for 2014.

Roger Coleman's group, with Morgan Stanley Wealth Management in Garden City, moved up four places from the prior year to the ninth spot on the list.

Barron's said the ranking takes into account total assets overseen, revenue generated for the firm...

Read more »

BAE snares $6.7M contract

BAE Systems' $6.7 million contract will pay for

(Credit: AP)

BAE Systems Inc.'s Greenlawn unit has won a $6.7 million Department of Defense contract for 16 digital interrogators and 45 friend-or-foe kits.

Two of the interrogators would go to the government of Japan and 14 to the U.S. Navy. Thirty-three of the friend-or-foe kits are destined for the U.S. Navy and 12 for Japan. Work on the equipment is scheduled to be completed by December 2015.


Read more »

Medford firm to begin selling HIV tests directly this summer, dumps U.S. distributor

Chembio Diagnostics Inc.'s rapid combination HIV-syphilis test on

(Credit: Heather Walsh)

Chembio Diagnostics Inc. plans this summer to begin selling its rapid tests for HIV directly to clinics and others in the United States.

Chief executive John Sperzel announced Monday that the Medford-based company was assembling a domestic sales team.

He also said Chembio was ending an eight-year arrangement to have its HIV tests distributed exclusively by Alere Inc. The tests have been...

Read more »

Nassau has NY's 2nd-lowest jobless rate

How did Nassau and Suffolk counties’ February unemployment rates fare, compared with the rest of the state?

Nassau’s 5.8 percent was the second lowest. The lowest was 4.9 percent in Tompkins County, home of Cornell University.

Suffolk came in eighth with 6.6 percent. Long Island’s overall unemployment rate fell to 6.2 percent in February, from 7.3 percent the year before, the State Labor...

Read more »

NYS extends hours of hotline for taxpayer questions through April 15

With the April 15 income-tax filing deadline approaching, the state Taxation and Finance Department announced Wednesday expanded hours for its telephone hotline to answer tax filers’ questions.

 The call center will now be open from 8:30 a.m. to 7 p.m. on weekdays, an increase of 2½ hours. The center also will operate on Saturdays from 9 a.m. to 3 p.m. through April 15.

The hotline...

Read more »

NY-area consumer confidence slips in March due to severe winter

New York State Department of Transportation trucks clear

(Credit: John Roca)

Consumer confidence in the metropolitan area slipped last month because of severe winter weather and rising gasoline prices.

The Siena College Research Institute on Wednesday reported its consumer confidence index for Long Island, New York City and its northern suburbs was 77.5 points in March, down 0.1 from the previous month.

Index readings above 76 points indicate more people are...

Read more »

Brookhaven office park to be sold at foreclosure auction

A Google street view of the Brookhaven Executive

(Credit: Google)

The Brookhaven Executive Center in Medford, which housed the operations of Brookhaven Town in the 1980s and 1990s, will be sold at a foreclosure auction on Friday.

The 10-building office park at 3235 Route 112 is jointly owned by Paul Elliott LLC, Sam Weissman LLC and Mark McAvoy LLC, with a minority stake owned by Hurney BEC LLC, according to court documents. The current debt owed on the...

Read more »

LI business events, April 1 to 4, 2014

With all the showers this past weekend, surely

(Credit: EPA / Ralf Hirschberger)



Informative seminar bringing together representatives from the public and private sectors to discuss going global with your business., 8 to 11 a.m., Hofstra University, Hempstead Turnpike, $50, register,, 516-463-6648.


Topics include the basics of setting up a business, by appointment...

Read more »

Enterprise hiring college students

Car-rental company Enterprise Holdings is looking for college-educated applicants for its management-training and internship programs. It plans to hire more than 300 people for the programs,  including 33 on Long Island. The company will also hire in the tristate area and in Vermont.

All of the positions are paid, the company said. The management internships last from eight to 12 weeks...

Read more »

Poll: Is it right for states to poach companies with tax breaks?

Global staffing company Adecco stands to reap economic

(Credit: Ed Betz)

Is it right for states to woo companies away with tax breaks? 

This week, Florida officials said they're spending $2 million in tax and economic concessions to woo Adecco's North American headquarters -- and 185 jobs -- from Melville to Jacksonville. That's more than $10,000 per job.

While Adecco did not seek tax breaks from Suffolk County before deciding to move, often, companies...

Read more »

advertisement | advertise on newsday

advertisement | advertise on newsday