Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
The number of shoppers planning to go shopping during Thanksgiving weekend dropped slightly, according to a survey by the National Retail Federation.
As many as 140 million people said they planned to shop over Thanksgiving weekend, a decrease from last year when 147 million consumers said they intended to visit stores during the holiday weekend, the survey said.
The survey also revealed...Read more »
The Touro Law Center for Innovation in Business, Law and Technology will be the topic of Tuesday's meeting of the Suffolk County Inventors and Entrepreneurs Club.
Jonathan I. Ezor, the center's director and an assistant professor of law, will discuss intellectual property protection and other issues. Ezor has been a technology lawyer for more than 17 years.
Club president Brian Fried...Read more »
The New York State Labor Department has rescheduled the release dates for local employment and unemployment data, after a lengthy delay caused by the partial federal government shutdown.
Jobs data for September and October will be released on Nov. 21. They were originally scheduled for publication on Oct. 17 and Nov. 14, respectively.
The unemployment numbers for both months are scheduled...Read more »
Veeco Instruments Inc. wins this week's seesaw award.
The stock dropped 7 percent Tuesday, closing at $28.44, after executives said they expected the Plainview company's revenue slump to continue. But Veeco shares bounced back Wednesday, rising 6 percent, to $30.19, and making up much of its loss since Mo+nday's closing price of $30.61.
The volatility comes on the heels of Veeco completing...Read more »
Three New York City-based startups presented before the Long Island Angel Network Tuesday night in hopes of securing funding from local investors.
The three companies are:
Keen Home: The company, which makes green products for the home, touted its first flagship product, Keen Vent, which is a smart air vent that redirects airflow in a room for energy efficiency. The founders are seeking...Read more »
A new incubator space -- not for the typical tech startup, but for building fledgling law practices -- has opened in Hauppauge, a project of the Touro Law Center in East Islip.
The Community Justice Center incubator, which opened Tuesday, works to provide a stepping-stone for younger lawyers who want to open their own firms. It will provide 10 Touro Law graduates with offices for 18 months...Read more »
The East Deck Motel in Montauk, a family-run property that for nearly 60 years offered surfers and families a cozy place for an oceanside getaway, has been sold.
The buyer purchased the motel -- on 5 acres of beachfront land -- for $14.75 million through the business entity ED 40 LLC in a deal that closed Oct. 1, according to Suffolk County property records. Private business listings did not...Read more »
The Broadway Mall in Hicksville is up for sale.
Manhattan-based real estate company Cushman & Wakefield has listed the mall for sale, highlighting the property’s affluent surroundings and national anchor tenants such as Macy’s, Target, Forever 21 and H&M.
The mall’s owner, Vornado Realty Trust, made it known last year that it planned to reduce its mall portfolio...Read more »
A Manhattan startup's portal to connect small business owners with the right lawyers is now available on Long Island.
The service, Priori Legal, acts as the middleman between a small business and lawyers. Business owners fill out a questionnaire about their required legal services on Priori's website, and Priori offers them a list of potential attorneys from its network. The business owner...Read more »
Consumer confidence in the metropolitan area dropped last month because of the federal government shutdown, experts said Friday.
The Siena College Research Institute reported its consumer confidence index for Long Island, New York City and its northern suburbs fell 6.4 points in October to 72.5 from the previous month.
Index readings below 76 indicate the people who are pessimistic about...Read more »