Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
Broadridge Financial sees higher revenue, profit in third quarter
Photo credit: Bloomberg News, 2009
Broadridge Financial Solutions Inc., a Lake Success-based company that provides investor communications and securities processing, reported higher sales and profits for its third fiscal quarter -- driven by increased business and distribution fees.
The company reported revenues of $576.7 million for the quarter ended March 31, a 5.4 percent increase from the same period in 2012. Profits were...
Read more »Lord & Taylor outlet to open at Source mall
Photo credit: AP, 2004
The Mall at the Source will add a Lord & Taylor outlet store to its roster this summer, a move its leasing agent expects will boost efforts to turn around the long-struggling Westbury property.
The 50,000-square-foot outlet store will replace the Nordstrom Rack location, which recently moved down the street to the new Gallery at Westbury Plaza, said Jeremy Isaacs, a Jericho-based Ripco...
Read more »LI sees $2 million in venture capital funding in first quarter
Long Island received $2 million in venture capital investments in the first quarter of 2013, roughly equal to the amount invested in the region in the same period in 2012, according to the MoneyTree Report compiled by the National Venture Capital Association and PricewaterhouseCoopers.
The $2 million in funding went to the Albertson-based software company, ServiceChannel, Inc.
There...
Read more »Three LI companies make the Fortune 500
Photo credit: Ed Betz, 2012
Long Island is again home to three Fortune 500 companies.
The magazine Monday released its annual list of the nation’s largest businesses based on 2012 revenue. It has been a year since Nassau and Suffolk counties had more than two entries on the list because Arrow Electronics moved its headquarters to Colorado from Melville.
The biggest local company, based on revenue, is again Henry...
Read more »State officials to help Sandy victims apply for aid
Photo credit: Daniel Brennan, 2012
State officials will be in three Suffolk County communities this week, from 9 a.m. to 5 p.m. each day, to assist homeowners and business people harmed by superstorm Sandy. The Cuomo administration recently won approval for its plan to use federal Community Block Grants to aid Sandy victims. Those seeking assistance must apply to the state.
Representatives of the Department of Financial Services...
Read more »Poll: Should the U.S. spend less on defense?
Photo credit: Howard Schnapp
The defense industry on Long Island has been shrinking since its peak during the 1980s, when it employed as many as 80,000 people. Since then, smaller defense budgets, jobs shifts off the Island and consolidation in the industry have combined to reduce the defense presence here to less than half that. Now, $41 billion in federal “sequester” cuts to the defense budget threaten the industry further.
Defense...
Read more »Library hosts Strictly Business trade show
Photo credit: Handout
Business owners will have a chance to network and promote their products and services to the community Tuesday at the Strictly Business trade show at the Middle Country Public Library.
The library’s Miller Business Resource Center, in conjunction with the Greater Middle Country Chamber of Commerce and the Brookhaven Chambers of Commerce Coalition, are hosts of the sixth annual Strictly Business...
Read more »Two local nonprofits receive $15G for financial literacy
Photo credit: Handout
Two Long Island nonprofits were awarded $15,000 each as the winners of the first annual Capital One Bank's Financial Literacy Challenge last night.
Literacy Nassau, Inc. of Freeport and South Oaks Hospital in Amityville were recognized for implementing successful financial literacy education programs; the award money will go towards continuing the efforts.
The two nonprofits were selected...
Read more »State to help Sandy victims apply for aid
State officials will be in three Nassau County communities in coming days to assist homeowners and business people harmed by superstorm Sandy.
The Cuomo administration recently won approval for its plan to use federal Community Block Grants to aid Sandy victims. Those seeking assistance must apply to the state.
Representatives of the Department of Financial Services will be in an RV...
Read more »Funding available for local nutrition-focused nonprofits
A total of $30,000 in funding is available for six tri-state area nonprofits through a program run by the McDonald's Nutrition Network and Dasani.
Nonprofits may apply by May 15 to receive $5,000 in funding for a proposed nutrition education program in their community. Those interested in applying can visit www.McDNYMetroNutritionNetwork.com.
Candidates will be evaluated based on the...
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