Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
Bethpage Federal Credit Union, the state's largest in assets, opened its first branch in a hospital this week -- in a lobby of Nassau University Medical Center in East Meadow.Opened Tuesday, it is the credit union's 27th branch and is expected primarily to serve hospital employees, although it is open to patients, visitors and others.The 625-square-foot branch is near the Carman Avenue entrance...Read more »
JPMorgan Chase CEO Jamie Dimon is getting a raise for 2013, though the bank paid $20 billion in regulatory fines this year.
The New York Times reports the bank's board voted Thursday for the raise; details were not released. The vote of confidence follows a move by the board last year to slash Dimon’s 2012 compensation by half -- to $11.5 million -- after the embarrassing London Whale...Read more »
Hi-Tech Pharmacal Co. on Thursday announced federal approval of a generic liquid drug used to treat inflammation and eye pain after cataract surgery.
The Amityville-based drugmaker said the Food and Drug Administration had approved Bromfenac Ophthalmic Solution, 0.09% (once-a-day), a generic alternative to Bromday Ophthalmic Solution, 0.09%, made by ISTA Pharmaceuticals Inc. in California.
Hi-Tech...Read more »
Kennedy & Gillen, a quarter-century-old Garden City law firm whose clients include King Kullen Grocery Co. Inc., will be be merging with a major upstate law firm on Feb. 1.
The three attorneys of Kennedy & Gillen will join the Garden City office of Bond, Schoeneck & King, which has headquarters in Syracuse and offices in five other upstate cities as well as Naples, Fla., Overland...Read more »
Shares of Veeco Instruments Inc., a maker of equipment used in producing light-emitting diodes, climbed 6.8 percent to $37.53 Wednesday after a major LED manufacturer posted earnings that beat consensus estimates.
In a research note, Stifel, Nicolaus & Company analyst Patrick Ho said that the December quarter earnings report of Cree Inc. held “positive implications” for Plainview-based ...Read more »
Huntington-based startup, Work Market Inc., has been named to the list of America's Most Promising Companies compiled by business magazine Forbes.
The tech company, which provides an online tool for businesses to manage professional freelancers and contract workers and for those freelancers to find work, was No. 21 in Forbes' third iteration of the list.
Forbes took applications from...Read more »
Gov. Andrew M. Cuomo proposed $220 million in capital grants and tax credits for expanding businesses on Tuesday.
The funds, along with $500 million from the coffers of state agencies, will be distributed in another competition between 10 Regional Economic Development Councils across the state, he said in his proposed 2014-15 budget.
Since Cuomo established the councils in 2011, more...Read more »
Green Sulfcrete, a Melville startup company, has won a $150,000 grant from the National Science Foundation to further develop its technology to make environmentally friendly concrete.
The product, pioneered at Brookhaven National Laboratory, is made of sulfur recycled from gas and oil refineries. The company, launched in 2012, says it’s more durable than conventional concrete, can be made...Read more »
Oral arguments in the foreclosure case against Long Island's largest hotel have been set for Jan. 28, according to a New York State courts spokesman
Lenders on a $103 million loan taken out by the 618-room Long Island Marriott Hotel and Conference Center in Uniondale, owned by New York Islanders owner Charles Wang, filed for foreclosure in July after a missed February payment, according to...Read more »
An Old Bethpage nonprofit group will host a free job fair for people with disabilities at Farmingdale State College on Jan. 31 from 9 a.m. to 3 p.m.
Family Residence and Essential Enterprises Inc. will hold its Talent Connection fair, aimed at aiding the job search of people with autism and other disabilities as well as veterans who suffer from post-traumatic stress disorder and traumatic...Read more »