Get the latest news and trends on Long Island companies and the people behind them.
Veeco Instruments Inc. wins this week's seesaw award.
The stock dropped 7 percent Tuesday, closing at $28.44, after executives said they expected the Plainview company's revenue slump to continue. But Veeco shares bounced back Wednesday, rising 6 percent, to $30.19, and making up much of its loss since Mo+nday's closing price of $30.61.
The volatility comes on the heels of Veeco completing...Read more »
Three New York City-based startups presented before the Long Island Angel Network Tuesday night in hopes of securing funding from local investors.
The three companies are:
Keen Home: The company, which makes green products for the home, touted its first flagship product, Keen Vent, which is a smart air vent that redirects airflow in a room for energy efficiency. The founders are seeking...Read more »
A new incubator space -- not for the typical tech startup, but for building fledgling law practices -- has opened in Hauppauge, a project of the Touro Law Center in East Islip.
The Community Justice Center incubator, which opened Tuesday, works to provide a stepping-stone for younger lawyers who want to open their own firms. It will provide 10 Touro Law graduates with offices for 18 months...Read more »
The East Deck Motel in Montauk, a family-run property that for nearly 60 years offered surfers and families a cozy place for an oceanside getaway, has been sold.
The buyer purchased the motel -- on 5 acres of beachfront land -- for $14.75 million through the business entity ED 40 LLC in a deal that closed Oct. 1, according to Suffolk County property records. Private business listings did not...Read more »
The Broadway Mall in Hicksville is up for sale.
Manhattan-based real estate company Cushman & Wakefield has listed the mall for sale, highlighting the property’s affluent surroundings and national anchor tenants such as Macy’s, Target, Forever 21 and H&M.
The mall’s owner, Vornado Realty Trust, made it known last year that it planned to reduce its mall portfolio...Read more »
A Manhattan startup's portal to connect small business owners with the right lawyers is now available on Long Island.
The service, Priori Legal, acts as the middleman between a small business and lawyers. Business owners fill out a questionnaire about their required legal services on Priori's website, and Priori offers them a list of potential attorneys from its network. The business owner...Read more »
Consumer confidence in the metropolitan area dropped last month because of the federal government shutdown, experts said Friday.
The Siena College Research Institute reported its consumer confidence index for Long Island, New York City and its northern suburbs fell 6.4 points in October to 72.5 from the previous month.
Index readings below 76 indicate the people who are pessimistic about...Read more »
Much of Long Island's residential real estate market is showing signs of recovery, with rising prices and shrinking inventory.
But median home prices in South Shore areas hit hard by Sandy have declined, showing buyers are wary.
Would you buy a home that was flooded during Sandy? What if its foundation was raised, to make it less susceptible to flooding?
Vote and leave a...Read more »
Roof Diagnostics Solar in Bohemia will hold a job fair on Wednesday to try to fill 20 to 30 positions that include sales and installation.
The fair will take place from 4 to 8 p.m. at the company, located at 170 Wilbur Place, Suite 100.
Job-seekers are urged to attend a short presentation at 4 p.m. or 6 p.m. Candidates should also bring a resume and be prepared for a brief interview...Read more »
ChyronHego Corp., a Melville-based graphics company, said Friday that its third-quarter net loss widened to $1 million, from $700,000, a year earlier, because of layoff and merger expenses.
The company, which creates graphics for broadcast, cable and online companies, said that excluding those expenses, net income was $800,000. The company has said that it eliminated a number of positions...Read more »