Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
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...
Read more »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 »
