Inside Long Island Business

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

Judge stalls Marriott foreclosure bid

The Long Island Marriott in Uniondale -- the

(Credit: Barry Sloan)

A New York State Supreme Court judge has denied an attempt to speed up the foreclosure process on a $103 million loan taken out by the Long Island Marriott Hotel and Conference Center in Uniondale, owned by New York Islanders owner Charles Wang.

Judge Roy S. Mahon denied the motion for summary judgment to foreclose on the Marriott, citing inadequate proof that the lenders held the securitized...

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Telephonics chief now 'chief petty officer'

Telephonics chief executive Joseph Battaglia now is also

(Credit: Telephonics Corp.)

Joseph J. Battaglia already carries the titles of president and chief executive of defense contractor Telephonics Corp based in Farmingdale.

Now add honorary chief petty officer of the Coast Guard to those designations.

Battaglia received the honorary rank in a ceremony with Coast Guard brass, Telephonics said in a news release Monday. Commandant Adm. Bob Papp and Master Chief Petty...

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Hofstra offers entrepreneur training program

An exterior image of the Frank G. Zarb

(Credit: Google, 2014)

Hofstra University will hold a free information session about its Entrepreneurial Assistance program on Wednesday, March 5, at 6 pm. The program teaches skills to start your own business, including competitive analysis, marketing, financing and insurance.

The 60-hour program will be offered from March 17 to May 14 on Monday and Wednesday evenings from 6 to 9 pm for $495 including course materials...

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LI business events, March 4 to 7

Blue skies over Long Island Sound, a postcard

(Credit: Newsday / Audrey C. Tiernan)

TUESDAY, March 4


"Establishing a Competitive Edge," featuring author Duane Cashin, for business owners and managers focused on increasing sales and profits in this economy, 8-10 a.m., Melville Marriott, 1350 Old Walt Whitman Rd., $45, $60 at the door, register,, 631-664-4450.


"How Stress...

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Henry Schein tops its category on Fortune 'most-admired' list

Henry Schein chairman and chief executive Stanley Bergman

(Credit: Mahala Gaylord)

Henry Schein Inc., Long Island’s largest publicly traded company by revenue, has been ranked first in its category in Fortune magazine’s list of the world’s most admired companies.

Henry Schein topped all health care industry wholesalers in making Fortune’s list for the 13th straight year. The Melville-based distributor of dental, medical and veterinary products and services was the only Long...

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KKR partnership is Broadway Mall buyer

The Broadway Mall in Hicksville on Jan. 15,

(Credit: Danielle Finkelstein)

The Broadway Mall in Hicksville was purchased by a partnership between private equity giant KKR & Co. and a trio of real estate investment firms, according to a news release from Cushman & Wakefield, the brokerage on the deal.

The mall's owner, Manhattan-based Vornado Realty Trust, announced the $94 million sale two weeks ago, but did not disclose the buyer. The deal was expected to...

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Broadridge Financial Solutions buys Emerald Connect websites for $60M

Broadridge Financial Solutions sign on Aug 20, 2012.

(Credit: Ed Betz)

Broadridge Financial Solutions Inc. announced Wednesday the purchase of a group of websites for $60 million in cash.

The Lake Success-based provider of investor communications services to public companies, Wall Street investment houses and banks has bought Emerald Connect, LLC, whose websites cater to financial advisors.

Emerald is owned by StoneRiver Group.

Robert Schifellite,...

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Electrician apprentices sought on LI

The Joint Apprenticeship and Training Committee for the Electrical Industry of Nassau and Suffolk counties will begin taking applications March 5 for 50 local apprenticeships, officials said Tuesday.

Applications can be obtained at at Local 25 of the International Brotherhood of Electrical Workers, 370 Motor Pkwy., in Hauppauge, from 10 a.m. to noon, on the first and third Wednesdays of each...

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Poll: Would you use bitcoin?

Bitcoin buttons displayed on a table at the

(Credit: AP / Frank Jordans)

A major bitcoin exchange has apparently gone bust after racking up catastrophic losses. Other companies that trade in the virtual currency said Tuesday that the website of Mt. Gox, a Tokyo-based exchange,  had disappeared, possibly causing hundreds of millions of dollars worth of losses.

Bitcoin enthusiasts were quick to call the incident an isolated case, and a variety of retailers have...

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Energy exec to speak on independence, sustainability

Robert Catell, former chief executive of KeySpan, is

(Credit: )

Former KeySpan chief Robert B. Catell will speak about energy independence and sustainability on Wednesday evening at Adelphi University.

Catell will answer questions from Adelphi president Robert A. Scott at 6 p.m. in the ballroom of the university center building on Adelphi's Garden City campus. The event is free and open to the public.

Catell is chairman of the board of directors...

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