Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
CA Technologies stock jumps on analyst report
Photo credit: Kevin P. Coughlin, 2012
Islandia-based CA Technologies Inc.’s stock hit its highest price since 2005 on Friday morning after an analyst at RBC Capital Markets raised its target price to $30 from $26.
The stock hit $29.83 in the morning, and then was trading at $29.12 around noon, after opening at $28.15, a more than 4 percent rise.
The software company’s market capitalization — the value of all its outstanding...
Read more »CA completes $155M acquisition of Layer 7
Photo credit: Kevin P. Coughlin, 2012
CA Technologies completed its $155 million cash purchase of Layer 7 Technologies, the Islandia-based company announced Wednesday.
Layer 7 is based in Vancouver, Canada, and develops software called an application programming interface that provides security for transactions on mobile devices such as smartphones.
The addition of Layer 7 will help “protect our...
Read more »Workshop to help businesses prepare for the next disaster
Photo credit: Amanda Voisard
Nassau County will hold a disaster-preparedness workshop June 12 for companies operating in the county.
The free event, from 6 to 8 p.m., will be at the county’s Office of Emergency Management, 510 Grumman Road West, Bethpage.
Nassau County Executive Edward Mangano will lead a discussion about superstorm Sandy and how businesses should plan for the next disaster. Panelists will include...
Read more »7-Eleven recruiting at Suffolk One-Stop
Photo credit: Getty Images
7-Eleven is in hiring mode and will be recruiting at the Suffolk County One-Stop Employment Center in Hauppauge Thursday to fill more than 50 jobs at the convenience store chain’s Long Island locations.
It is looking for store managers, assistant store managers and sales associates. The event will take place from 11 a.m. to 2 p.m. at the center, at 725 Veterans Memorial Hwy.
For...
Read more »Poll: How much paid vacation do you get?
Photo credit: CareerBuilder.com
It's summer . . . time for vacation. Does your employer give you paid time off? If so, how much?
Or are you self-employed? Do you grant yourself vacation breaks, or feel you can never relax and get away from work?
Finally, are you a small business owner? For many, the word vacation is not in their vocabulary.
Tell us about your situation. Leave a comment and vote in our poll....
Read more »Grocer ALDI to hold hiring event
Photo credit: Steve Pfost, 2011
Discount supermarket chain ALDI will hold a hiring event next week in Bay Shore, as it looks to fill manager trainee positions throughout the Northeast, the company said.
Representatives of the German discount grocery chain will be on hand to meet with job seekers at its Bay Shore store on June 6, between 6 a.m. and 6 p.m. The hiring event is one of seven being held in the state and in New...
Read more »Lambrides, Lamos, Taylor acquired
East Northport accounting firm Lambrides, Lamos, Taylor LLP has been bought, its new owner announced Wednesday.
CapinCrouse LLP, a Greenwood, Ind.-based accounting company that focuses its practice on nonprofits, said the acquisition will allow it to expand its reach in the New York area. The company said key staff will join the firm and that Lambrides partner Robert Taylor is now a partner...
Read more »Report: $7B in aid to companies needs more oversight
Photo credit: iStock
New York’s hodgepodge of economic development incentives lacks standards and accountability for $7 billion of taxpayer subsidies that private companies receive annually, according to a report by a watchdog group.
The report, released by the pro-union group ALIGN, said subsidies in the form of tax breaks and grants are often awarded without sufficient transparency and notice to allow the public...
Read more »CA wins patent for computer backup system
Photo credit: Kevin P. Coughlin, 2012
Islandia-based CA Inc. received a U.S. patent Tuesday for a system to back up computer data by identifying which files have been modified and which ones haven’t.
The system uses code called a metadata signature to compare files on a computer with those already backed up. The idea is to streamline the computer backup process by only backing up new or modified files rather than creating entirely...
Read more »Comtech subsidiary adds $4M to federal contract
Photo credit: Newsday / Alejandra Villa
A Comtech Telecommunications Corp. subsidiary will receive an additional $4 million from the federal government to develop a communications system for the Navy, the Melville-based company announced Tuesday.
The company’s Arizona-based subsidiary, Comtech EF Data Corp. is developing the Advanced Time Division Multiple Access Interface Processor that will be a component in a military communications...
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