Get the latest news and trends on Long Island companies and the people behind them.
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 »
TUESDAY, Feb. 4
SMALL BUSINESS COUNSELING | Dix Hills
Topics include the basics of setting up a business, writing a business plan, selling and marketing in today's environment and writing a marketing plan; one-hour sessions available by appointment, 4, 5 and 6 p.m.; register, Half Hollow Hills Community Library, Dix Hills Branch, 55 Vanderbilt Pkwy., free, hhhlibrary.org, 631-421-4530.
WEDNESDAY,...Read more »
Franchise businesses is the topic of a workshop on Tuesday morning in Hauppauge.
Stuart Levenberg, an executive with the Kensington Co., will discuss franchise opportunities, how to find the right business opportunity for you and financing. Roslyn Heights-based Kensington is a business brokerage that helps people buy and sell companies including franchises.
Before joining Kensington,...Read more »
The absence of a tax benefit in 2013 reduced Gold Coast Bank’s net income by 90 percent in the fourth quarter of last year, it said Friday.
The privately held five-branch bank based in Islandia said net income for the three months ended Dec.31 was $90,000 or three cents a share, compared to $920,000 or 43 cents for the quarter a year earlier.
The bank said it booked a tax expense of...Read more »
Work Market Inc., a fast-growing technology startup, is expanding in Huntington Village.
The company is moving from 2,200 square feet of rented space at 14 Wall St. to 3,120 square feet at 7 High St., also rented space.
Chief executive Jeffrey Leventhal said Work Market needs a larger office to accommodate more employees.
The company has a workforce of 43; 20 in Huntington and...Read more »
Briscoe Protective Systems Inc. of Centereach said Thursday it had obtained a line of credit from Suffolk County National Bank to finance the acquisitions of other companies to expand its business.
The amount of the "multimillion dollar" line of credit with the Riverhead-based bank was not specified.
The 35-year-old Briscoe designs, distributes and services fire and security alarm systems....Read more »
The Garden City Hotel is seeking tax breaks from Nassau County to support a $26-million makeover on the luxury hotel, according to officials and documents.
The county’s Industrial Development Agency is expected to consider the hotel’s application for a sales tax exemption on building materials, furniture and other improvements.
Fortuna Realty Group purchased the 280-room, nine-story...Read more »
First National Bank of Long Island, based in Glen Head, was one of only 20 U.S. banks and the only one on Long Island named in a report by business data provider SNL Financial as having cumulative dividend growth of at least 30 percent over the past five years and a minimum 2 percent annual increase.
SNL said in a Jan. 22 article that First National of Long Island’s dividend grew by 54.6 percent...Read more »
New York State Monday issued its first refunds of the 2014 income tax season.
The state Department of Taxation and Finance sent out 87 refunds, totaling more than $15,000. The amount, which averaged $183 per taxpayer, was paid via direct deposit.
The taxpayers receiving refunds used the department’s new Income Tax Web File, which allows state tax returns to be prepared and filed electronically...Read more »
While consumers say they're very concerned about the safety of their personal information after the massive security breach at Target -- and more than a third of Americans think their info was compromised -- most haven't changed their shopping habits as a result, a new Associated Press--GfK Poll finds.
What about you? Are you trying to pay with cash rather than plastic? Are you...Read more »