Inside Long Island Business

Get the latest news and trends on Long Island companies and the people behind them.

Apple Bank buying Emigrant branches

Apple Bank for Savings, based in Manhasset, said Thursday it had received federal and state approval to acquire 29 branches of Emigrant Savings Bank, including seven on Long Island.

Privately held Apple didn’t disclose the acquisition costs but said the deal includes $3.2 billion in deposits and represents most of Emigrant’s retail branch network.

The 29 branches include one in Huntington...

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Union for Stop & Shop workers calls for strike vote

The union representing Stop & Shop’s meat, seafood and deli workers will hold a strike vote on Friday, after almost two years of contract negotiations.

United Food and Commercial Workers Local 342, which represents about 800 Long Island Stop & Shop employees, said that its members are “fed up” with the lengthy bargaining. Their last contract expired in October 2011. A “yes” vote will...

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FDA approves Amneal addiction drug

Amneal Pharmaceuticals Llc. has won federal approval for a generic version of Suboxone, a popular medicine used for the treatment of addiction to prescription drugs.

The generic tablets, called buprenorphibe hydrochloride and naloxone HCI dehydrate, will be made at Amneal’s South Yaphank factory. The federal Food and Drug Administration recently turned down a challenge from Suboxone maker...

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Accelerate LI names 3rd entrepreneur-in-residence

Digital media specialist Philip Rugile will join the

(Credit: Handout)

A digital media specialist will join the ranks of Accelerate Long Island in its efforts to help innovative companies grow locally.

Philip Rugile will be taking on the role of entrepreneur-in-residence at Accelerate, the third EIR for the organization's Assist program.

Rugile is the co-founder of 100 Urban Entrepreneurs, a nonprofit that supports minority entrepreneurship in order to...

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Live chat: CPAs answer small business, personal tax questions

Newsday will hold two live tax chats, Feb.

(Credit: iStock)

Have questions about your taxes? A panel of certified public accountants from the New York State Society of CPAs is answering user questions about small business and personal income taxes, until 8 p.m.

Join the chat below, or send questions in to If you're seeing this on your mobile phone, go to to participate.<a...

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Hilton Garden Inn opens in Stony Brook

As work started on the now-completed Hilton Garden

(Credit: James Carbone, 2011)

A new Hilton Garden Inn has opened for business on the Stony Brook University campus.

The 135-room hotel, located on Circle Road in front of the university's administrative building, officially opened last Wednesday. The hotel, operated by a franchisee, stands on 3.5 acres of land leased from the university.

Currently, the Inn employs about 35 people. But as the hotel amasses more temporary...

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Preparing your taxes? Get answers to common personal and business tax questions

Newsday will hold two live tax chats, Feb.

(Credit: iStock)

Have questions about preparing small business or personal tax returns?

Small business taxes: A panel of certified public accountants from the New York State Society of CPAs will answer user questions on Tuesday, from 6  to 8 p.m. Submit questions using the first CoveritLive form below, or email questions to

Personal taxes: Read answers...

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DiNapoli: Wall Street bonuses up 8 percent

State Comptroller Thomas P. DiNapoli.

(Credit: Newsday, 2012 / Audrey C. Tiernan )

Wall Street bonuses in 2012 are projected to be $20 billion, an 8 percent increase over last year, New York State Comptroller Thomas DiNapoli reported Tuesday. Part of the increase is due to a bigger portion of bonuses in recent years being given as deferred compensation rather than cash, he said.

The state is starting "to see the impact of deferred payments and so some of the change...

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FEMA registration and SBA disaster loan deadlines extended

Superstorm Sandy devastated the Nautical Mile in Freeport

(Credit: Howard Schnapp)

Business owners affected by superstorm Sandy will have until March 29 to apply for low-interest loans from the federal government, after Gov. Andrew M. Cuomo announced Tuesday morning that the deadline for Sandy victims to register for assistance had been extended.

The previous deadline to sign up with the Federal Emergency Management Agency for disaster grants and apply for Small Business...

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Poll: Should the state have a say in how local IDAs hand out tax breaks?

Gov. Andrew M. Cuomo wants to require state

(Credit: Patrick E. McCarthy)

Should the state have a say in how local development agencies hand out tax breaks to businesses?

Gov. Andrew M. Cuomo wants to require IDA projects that receive an exemption from the state sales tax to be approved by a regional economic development council, which he appoints. 

 "When it comes to the IDAs that are giving out tax benefits, I want to make sure these entities...

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