Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
Valley Stream Target ordered to allow second union vote
Photo credit: John Dunn, 2011
The National Labor Relations Board has upheld an administrative judge's order that Target Corp. hold a second union vote at its Valley Stream location.
The board Wednesday issued a ruling upholding most of an administrative judge's finding that Target had violated several labor laws leading up to a vote on June 17, 2011 to determine whether workers could form a union. Of the 260 Target workers...
Read more »Lifetime Brands sales, profits dip in first quarter
Photo credit: Danny Ghitis, 2010
Sales and profits at Garden City-based Lifetime Brands Inc. dipped during its first quarter, affected in part by a weak economy in the United Kingdom and the European Union’s higher duties on ceramic products, the company said Thursday.
The kitchenware and home goods company said sales for the quarter ending March 31 were $98.7 million, a drop of 9.5 percent from the $109 million in sales...
Read more »Strong holiday sales boost 1-800-Flowers.com revenues
Photo credit: Danielle Finkelstein
Strong Valentine's Day sales, the timing of key holidays and products such as floral bouquets designed to look like puppies and festive giant cocktails boosted sales and earnings at 1-800-Flowers.com during its third quarter.
The Carle Place florist and gift basket retailer Tuesday said revenues in the quarter ended March 31 rose to $192.6 million, up 7.2 percent from the same period in the...
Read more »Apple Bank completes Emigrant branch purchases
Photo credit: Patricia Caleca
Apple Bank for Savings, based in Manhasset, said Tuesday it completed its acquisition of most of Emigrant Savings Bank’s branches.
The 29 branches acquired are Manhattan, Brooklyn, the Bronx, Queens, Long Island and Westchester, and now operate under the Apple Bank name.
The new branches increase Apple’s total to 77 and its assets from $9.8 billion to almost $13 billion, the privately...
Read more »Sandy victims can seek help in Islip, Long Beach, Lawrence starting today
Photo credit: Newsday / J. Conrad Williams Jr.
State officials are at Islip Town Hall today until 5 p.m. 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 Mobile...
Read more »Advanced Energy conference this week
Around 1,500 attendees are expected at the Long Island-organized Advanced Energy Conference, which takes place today and tomorrow at the Javits Center in Manhattan.
Coordinated by the Advanced Energy Research and Technology Center in Stony Brook, the event aims to bring together researchers, academics, businesspeople, etc. to discuss and share ideas around New York State's clean energy sector.
The...
Read more »Electromotive Designs, Watt Fuel split $500G grant
Two local companies will split $500,000 from the state to develop new energy storage technologies.
Electromotive Designs LLC of Ronkonkoma will use its grant from the state Energy Research and Development Authority for work on a hybrid engine for buses and trucks. The engine would recapture braking energy and use it to accelerate a vehicle from the stop position.
Watt Fuel Cell Corp....
Read more »Jamie Dimon to speak at SUNY Old Westbury event
Photo credit: Getty Images, 2012
JP Morgan Chase chief executive Jamie Dimon will kick off a new Executive Leadership Forum series organized by the College at Old Westbury next week.
Dimon will speak and discuss topics such as the global economy, the banking industry and fertile investment opportunities at the event next Thursday, May 9. The forum will be held at the Crest Hollow Country Club in Woodbury from 11:30 a.m. to...
Read more »Poll: Do you prefer local brews?
Photo credit: AP
The craft beer industry has taken off across the United States as consumers demand better quality and more variety in their brews.
Locally, the trend is also noticeable -- with inventive ales such as Long Island Oyster Stout, Eight Legged RyePA and the White's Beach Wit coming out of Long Island breweries.
Are you more inclined to buy a beer that's brewed locally? Vote and leave a comment. ...
Read more »Kedrion cuts size of Melville expansion
A blood-products manufacturer has downsized a planned expansion of its Melville plant, officials said.
Kedrion BioPharma Inc. will construct an 18,000-square-foot addition to 155 Duryea Rd., instead of 48,000 square feet. The existing structure is 105,000 square feet.
The move reduces construction costs from $23 million to $7.5 million, according to Carl Nerlich, a consultant to the...
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