Get the latest news and trends on Long Island companies and the people behind them.
Aiming to quicken the pace of recovery, Gov. Andrew Cuomo’s office announced fee waivers and payment extensions as well as more time for license renewals and permit applications granted by the State Liquor Authority and the Department of Environmental Conservation.
Liquor license holders due for renewal in Nassau, Suffolk, Westchester and Rockland counties and in New York City will receive...Read more »
Islandia-based Gold Coast Bank announced Wednesday that it will offer more than $1 million in “Sandy Relief Loans” to Long Island businesses affected by the recent superstorm.
The bank is making relief loans of up to $100,000 with a 3.9 percent fixed interest rate over 3½ years, the company said. Small Business Administration disaster loans typically offer a 4 percent interest rate.
For...Read more »
Henry Schein Inc., a Long-Island-based global distributor of medical products, reported another increase in profits Wednesday as its sales of veterinary supplies boomed.
The Melville company’s third-quarter net income rose 5.2 percent, to $96.8 million, during July, August and September, compared to the same period last year. Overall sales climbed 5.7 percent, to $2.2 billion. Revenue from...Read more »
Superstorm Sandy has temporarily altered a big part of AAA’s job, from Lindenhurst to Staten Island, an area that experienced the worst of the storm’s flooding.
The nation’s largest motorist organization has been towing “hundreds” of mostly flood-damaged cars that insurance companies will likely consider totaled, said spokesman Peter Crescenti, of the Garden City-based New York area office.
“This...Read more »
Cablevision Systems Corp. said Tuesday it lost $3.9 million in the quarter ending Sept. 30, despite reporting higher revenues compared with the same period last year.
The Bethpage-based telecommunications and media company, which owns Newsday, reported sales of $ 1.69 billion -- 1.4 percent higher than the year-earlier quarter in 2011. The increase in revenue was countered by losses...Read more »
Business owners affected by superstorm Sandy could qualify for disaster unemployment assistance, according to the state Department of Labor.
Unlike regular unemployment insurance, federally-funded disaster unemployment aid is available to those who are self-employed or own a farm or business. Eligibility is determined on a case-by-case basis, but key factors are whether the applicant is performing...Read more »
Broadridge Financial, a firm that processes and distributes financial reports for companies, reported Tuesday higher sales and profits for the quarter ending Sept. 30.
The Lake Success company had sales of $495.8 million, a four percent increase compared to the same period in 2011, when revenue was $476.4 million. The company earned $18.3 million last quarter -- or 14 cents per share -- compared...Read more »
The IRS is again extending some tax deadlines for businesses and individuals affected by superstorm Sandy.
Those businesses whose payroll and excise tax returns and payments came due starting Oct. 31, now have until Feb. 1 to file them. An earlier extension set a Nov. 7 deadline.
The new deadline also includes fourth-quarter individual estimated tax payments, which would have been due...Read more »
CA Inc., an Islandia-based software maker and one of the largest public companies on Long Island, said Monday it has filed a patent infringement lawsuit against San Francisco-based software developer New Relic.
The suit, which was filed in federal court in Brooklyn says New Relic offers an application performance management (APM) service that infringes on three software patents held by CA....Read more »
Nassau County has established a center where small- and medium-sized businesses affected by superstorm Sandy can find recovery assistance, the county has announced.
The Nassau County Industrial Development Agency will operate the center, which will provide help and guidance for business owners as well as financial assistance for eligible businesses through its Local Enterprise Assistance...Read more »