Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
Poll: How can U.S. best avoid falling off fiscal cliff?
Photo credit: iStock
Are you worried about falling off the fiscal cliff? That's a term for the automatic federal spending cuts, and the expiration of tax breaks, that will jolt the economy at the start of 2013 if Congress doesn't address the problem.
Economists have said that the sudden hit to the economy, valued at $728 billion according to a Moody's Analytics report, would be strong enough to send the country...
Read more »E-waste company plans expansion in Holtsville
Properly disposing of the rising tide of old computers, monitors and cellphones is a growing business for Coram-based Suffolk Industrial Recovery Corp. which plans a $4.4 million expansion. On Thursday, the Suffolk County Industrial Development Agency gave preliminary approval of tax subsidies for the company, which does business as PK Metals, and two other companies valued at an estimated $518,500.
PK...
Read more »Long Island GLBT Expo this weekend
The annual Long Island Gay, Lesbian, Bisexual, and Transgender Expo will take place this Sunday in Melville.
Now in its fourth year, the event will feature over 100 GLBT-friendly businesses who will be showcasing their products and services, as well as entertainment and music. More than 4,000 people have attended the event annually in the past.
The GLBT Expo will also feature the launch...
Read more »Opening arguments expected in Cablevision-Dish trial
Photo credit: Bloomberg News
Opening arguments are expected to begin Friday in a $2.4 billion trial in Manhattan pitting Cablevision Systems Corp. against Dish Network Corp.
A former unit of Bethpage-based Cablevision, Voom HD, filed the lawsuit in 2008 in state Supreme Court, accusing Dish of breaking a 15-year satellite television contract between the companies.
Dish, based in Englewood, Colo., says in court papers...
Read more »NY Senate leader to speak about LI economy
Photo credit: AP
Long Island’s economy will be the topic of an address by the New York State Senate majority leader next week.
Dean Skelos (R-Rockville Centre) will speak at the Long Island Real Estate Group’s networking breakfast at the Old Westbury Golf & Country Club, 270 Wheatley Rd. in Old Westbury. The event will take place on Wednesday from 8 to 10 a.m.
Skelos will speak about what the state...
Read more »Poll: How do you protect your online identity?
Photo credit: Getty Images
Do you actively monitor and manage your online identity?
Google your name and odds are, something -- or many things -- will pop up. Are they records of your own making, such as Facebook or LinkedIn pages, or are they pieces of information you'd rather others not see?
What's the most important thing you do to manage/monitor your online identity?
Vote and leave a comment. Results...
Read more »SBA to host web chats for women entrepreneurs
The U.S. Small Business Administration is hosting four web chats next month, offering advice for women starting and growing a small business.
Each online discussion features experts who will offer tips on creating business plans, addressing the challenges of breaking into a competitive market and establishing a foundation for a profitable business, the agency said. The online workshops will...
Read more »Moran new chief at General Sentiment
Jericho-based General Sentiment has appointed cable-industry veteran Pete Moran as its chief executive to take the company to the next level, the company said.
Since January, Moran has been leading the sales effort at General Sentiment, which analyzes opinions and perceptions of products, brands and politics. In his new position, he will be “responsible for driving sales” and “expanding General...
Read more »LI's first Microsoft store opens Friday at Walt Whitman mall
Photo credit: Johnny Milano
Microsoft opens its first Long Island store on Friday, continuing its push to connect with customers by providing a hands-on, face-to-face experience.
The store, at Walt Whitman mall in Huntington Station, takes its bow with a grand opening at 11 a.m., followed by celebrity performances by John Legend and Taio Cruz in the evening. Hall of fame running back Curtis Martin will be playing Kinect...
Read more »LI investor is biggest donor to Democratic super PACs
Photo credit: John Dunn
James Simons, the founder of hedge fund Renaissance Technologies and a former Stony Brook University professor, has donated at least $2 million this year to Priorities USA, a super PAC that is supporting President Barack Obama, according to data from OpenSecrets.org.
The figure makes Simons, who lives in East Setauket, the largest individual donor to Democratic super PACs in the nation.
Simons,...
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