Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
HIA-LI has rescheduled its economic summit to March 4 after being snowed out twice, officials said Friday.
The group, formerly known as the Hauppauge Industrial Association, will meet at 8 a.m. March 4 in the Islandia Marriott hotel, 3635 Express Dr. N., Islandia.
Executives will discuss the results of a recent poll about the local economy and hear from Kenneth Adams, president of Empire...Read more »
Long Island’s malls took a blow from the snow Thursday, and may again Friday.
While Roosevelt Field mall in Garden City, Walt Whitman Shops in Huntington and Smith Haven Mall in Lake Grove all opened on time at 10 a.m. Thursday, many individual stores, including some big anchor tenants, remained shuttered, said a spokeswoman with the malls’ operator, Simon Property Group. The decision to close...Read more »
Employers in New York City are now required to provide bathroom breaks, disability leaves and other “reasonable accommodations” for moms-to-be who request them.
The accommodations, which provide protections against illegal firings, became mandatory under a human-rights law that took effect on Jan. 30. The law also applies to women who are recovering from childbirth.
Other mandated accommodations...Read more »
An Engineers Week event has been rescheduled because of the snow. The event, hosted by the Engineers Joint Committee of Long Island, is now set for Feb. 27.
The program will include a lunch talk on the need for more and better STEM education in grades K-12, as well as a full day of seminars on topics including improving energy efficiency in boiler systems, risk-based design, and...Read more »
MONDAY, Feb. 10
IMAGE OF SUCCESS | Garden City
Networking series, cocktails, hors d'oeuvres, spotlight presentations for fresh business ideas, 6-8 p.m., Seasons 52, 630 Old Country Rd., suite Ll02, charity of the evening is Cycle for Survival, $18 in advance, $30 at the door, businesssociete.com, 347-574-4600.
PROFESSIONAL WOMEN MEET | Woodbury
LI Center for Business Professional...Read more »
CVS, the nation’s second-largest drugstore chain, this week said it will stop selling cigarettes and other tobacco products as it continues to shift its focus toward being more of a healthcare provider.
The company said it will phase out cigarettes, cigars and chewing tobacco by Oct. 1 in its 7,600 stores nationwide. CVS said it will lose about $2 billion in annual revenue because of the move.
Do...Read more »
A Freeport entrepreneur has been named an adviser to the Federal Reserve Bank of New York, it was announced Wednesday.
Deborah Leo, president of Retail Solution Center, will serve a three-year term on the bank’s Advisory Council on Small Business and Agriculture. The 11-member council represents companies in New York State, Puerto Rico, the U.S. Virgin Islands and portions of New Jersey and...Read more »
Consumer confidence in the metropolitan area increased sharply last month as worries about the cost of gasoline receded.
The Siena College Research Institute on Wednesday reported its consumer confidence index for Long Island, New York City and its northern suburbs was 81 points in January, up 4.6 from the previous month.
Index readings above 76 points indicate the number of residents...Read more »
AccuVein Inc., a Huntington-based medical device company, has secured an $8 million venture loan from specialty finance company Horizon Technology Finance Corp.
Unlike most funding deals for startups that involve equity stakes in companies in exchange for funding, the deal for AccuVein utilized loan financing.
"The debt instrument . . . is favorable to equity because it doesn’t have...Read more »
In a few days, the Dow Jones industrial average has dropped more than 1,000 points. In mid-January, the Dow was trading just shy of 16,500. As of 2:30 Monday, the Dow stands at 15,436.06, down more than 260 for the day.
The Standard & Poor's 500 index and the Nasdaq composite have also seen significant declines, as concerns about the global economy, U.S. company earnings and turmoil in...Read more »