Inside Long Island Business

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

Poll: Is Sandy still hurting your home price?

Devastation on Bayview Avenue West in Lindenhurst after

(Credit: Newsday, 2012 / Thomas A. Ferrara)

It’s been more than a year since superstorm Sandy devastated Long Island, but the aftereffects are still being felt in some areas.

In the third quarter of 2013, home prices on the South Shore in Nassau County fell by 1.3 percent year-over-year. In contrast, overall Long Island home prices rose 4.1 percent.

What's the story where you live? Is Sandy still having an impact on real estate...

Read more »

LI business events, Jan. 21 to 24

A winter sky. (Jan. 6, 2014)

(Credit: Getty Images)

TUESDAY, Jan. 21

AFPLI ANNUAL MEETING | Melville

Discussion on new tax laws and updates on charitable gifting and planned giving, 8 a.m., Melville Marriott, 1350 Old Walt Whitman Rd., buffet breakfast, register, $50 in advance, $60 at the door, afpli.org, 631-249-5008.

HIA-LI CEO ROUNDTABLE | Deer Park

Open to business owners and professionals looking to learn firsthand lessons...

Read more »

Kohl's store in Melville to close

Kohl’s Corp., the department store chain, said Friday it would close its Melville location in April and that employees are being offered positions at other stores.

In an e-mail, spokeswoman Jen Johnson at corporate headquarters in Menomonee Falls, Wisc., didn’t give a reason for the closure of the store at 834A Walt Whitman Road, or disclose the number of workers there. But she said of the...

Read more »

Poll: Where's the stock market headed?

How will the markets do this year? (Jan.

(Credit: AP)

In 2013, stocks had their best year in more than 15 years.  The major indexes advanced on the Federal Reserve's massive stimulus and expectations for accelerating growth in coming months.

The Standard & Poor's 500 index rose 29.6 percent over the year, its best performance since 1997, while the Dow Jones industrial average climbed 26.5 percent in its best year since 1995. The Nasdaq...

Read more »

NY-area consumer prices rose 1.5 percent in December

Prices in the metropolitan area rose slightly last

(Credit: Newsday / Karen Wiles Stabile)

Prices in the metropolitan area rose slightly last month on higher costs for electricity, health care and residential rents.

The federal Bureau of Labor Statistics on Thursday reported its consumer price index for the 31-county region that includes Long island increased 1.5 percent in December compared with a year ago.

Prices were flat from November 2013.

Martin Kohli, the bureau's...

Read more »

Wenner Bread renews 10-year lease for Ronkonkoma facility

From left, Richard R. Wenner, co-owner of Wenner

(Credit: Newsday / Karen Wiles Stabile)

Wenner Bread Products Inc., a Ronkonkoma company that was considering a move out of state, has renewed its headquarters' lease, according to the business' landlord.

Wenner, which makes bread products and frozen dough, signed a 10-year lease renewal on its headquarters and plant at 2001 Orville Dr. N. with the building's owner, Plainview-based Rechler Equity Partners.

It is unclear if...

Read more »

Long Island business events, Jan. 13 to 17

Winter on Long Island, the beach from Lighthouse

(Credit: Newsday / Thomas A. Ferrara)

TODAY, Jan. 13

MEETUP GROUP | Plainview

The Long Island Vector Vest Users Group discusses stock market investing using VV software, 6:45-9:15 p.m., Plainview-Old Bethpage Library, 999 Old Country Rd., free, meetup.com/listmg, 516-385-8244.

BUSINESS PLAN SEMINAR | Hempstead

A three-day master class teaches how to make your business plan work and make your business attractive...

Read more »

Suffolk events for job seekers

Hiring will be the subject of several Long

(Credit: Bloomberg News, 2012)

Several events for job seekers will take place in Suffolk County over the next two weeks. They include:

A job fair on Tuesday from 9:30 a.m. to 2:30 p.m. at the Clarion Hotel, formerly the Ronkonkoma Holiday Inn. Admission and parking are free.

A job fair on Wednesday from 10 a.m. to 1 p.m. at the Wyandanch Public Library. Employers scheduled to be on hand include Aflac, Allen Health...

Read more »

NY deadline nears for wage notices

It’s nearly that time of year again when employers must send out notices to new hires and all other employees detailing such things as their pay rate and regular payday.  

The notices must be sent by Feb. 1 to comply with the state Wage Theft Prevention Act, which took effect on April 9, 2011.

Employers who have employees in New York State are required to issue the annual notices,...

Read more »

Voxx stock drops 10% on lower revenue forecast

Pat Lavelle, president and chief executive of Voxx

(Credit: Newsday / Audrey C. Tiernan)

Shares of Voxx International Corp. fell sharply Thursday morning after the Hauppauge electronics manufacturer reported lower-than-expected third-quarter sales and company officials cut their 2014 revenue expectations.

Voxx stock was down 10 percent in early trading, to $15.29. On Wednesday, the company said third quarter sales rose 1 percent, to $245.8 million. Analysts, however, had forecast...

Read more »

advertisement | advertise on newsday

advertisement | advertise on newsday