Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
Struggling homeowners who face foreclosure should reach out for free legal assistance and counseling, State Attorney General Eric Schneiderman urged Thursday. The message is part of an advertising campaign Schneiderman announced to highlight the services available to people in danger of losing their homes.
Schneiderman launched the statewide $60 million Homeowners Protection Plan last year...Read more »
Gov. Andrew Cuomo Thursday called upon credit bureaus to not penalize New Yorkers who were late in paying credit cards, mortgages and other bills because of superstorm Sandy.
“It would be a terrible injustice if a victim of Hurricane Sandy was unfairly penalized by a lower credit score,” Cuomo said during a news conference in Manhattan. “It would literally add insult to injury.”
Cuomo...Read more »
An advertising sales platform, Sales & Orders Ads, won favor from judges and the audience at a start-up pitch competition Monday night.
Five early stage companies pitched their ideas at the event, held at LaunchPad Long Island -- a business incubator space in Mineola. During the competition, participants were given 10 minutes to pitch their ideas, and then took questions from a panel of...Read more »
Shares of Veeco Instruments Inc. rose sharply in early trading Tuesday after the Plainview-based technology manufacturer said its sales slump appeared to be waning.
Veeco's stock climbed 17 percent, to $37.79 per share, on news that the company expects sales orders for its equipment to manufacture LED lights to climb during April, May and June.
“We anticipate meaningfully higher bookings...Read more »
As a designer and distributor of eyewear with domestic and international business, Hauppuage-based ClearVision Optical has learned how to quickly ride the tides of global change.
"We’ve been selling international for over 25 years, and I think international -- more than domestic -- morphs and changes faster," said ClearVision executive vice president Peter Friedfeld. "Economic...Read more »
CA Technologies Monday said it was buying two smaller privately-held software makers, continuing its expansion beyond traditional mainframe computer programs.
The Islandia company, Long Island's largest by stock market value, has reached an agreement to acquire Layer 7 Technologies and has bought Nolio of Manhattan. CA did not release terms of either deal.
Layer 7, of Vancouver, British...Read more »
Stony Brook University has received $25,000 as part of a series of State University of New York grants to build entrepreneur-in-residence programs.
A total of $120,000 in grants were awarded to 12 SUNY schools to aid them in bringing on the expertise of private-sector entrepreneurs to their respective campuses.
At Stony Brook, the grant will go toward creating a bio-entreprenur-in-residence...Read more »
How small business owners can apply for loans and other financing is the subject of a workshop May 16 at the Long Island Association’s office in Melville.
The event, from 8 to 10:30 a.m., will be held at 300 Broadhollow Rd., Suite 110W. It has been organized by the LIA and the Federal Reserve Bank of New York.
The deadline to register is May 10. For more information, contact the bank...Read more »
Superstorm Sandy's wrath caused thousands of Long Islanders to file insurance claims for damaged homes, vehicles and businesses. Destruction came from flooding, downed trees, and loss of business due to power outages.
If you received an insurance settlement, did it cover your losses? Are you still waiting for your claim to be resolved? Vote and leave a comment. Results and a selection of the...Read more »
If you’ve had to stand in line or jostle your way through crowds at some of Long Island’s restaurants lately, or circle for a parking spot, you’re part of the hordes of diners that have helped boost employment in the local food-service sector.
Despite persistent high unemployment and so-so consumer confidence, Long Islanders are flocking to restaurants, and state Labor Department data released...Read more »