Get the latest news and trends on Long Island companies and the people behind them.
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 »
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 »
On Long Island and around the country, statistics suggest the job market is improving. Job creation numbers are up, and unemployment is down. But those measures have their limitations. For example, the unemployment number only counts people who are actively looking for work, not those who have become discouraged and stopped trying.
What's the reality on the ground? How does...Read more »
Consumer confidence in the metropolitan area fell slightly last month on concerns about gasoline prices and the economy.
The Siena College Research Institute on Monday reported its consumer confidence index for Long Island, New York City and its northern suburbs in December was 76.5 points, down 0.5 from November.
An index reading above 76.1 points indicates the number of people who...Read more »
The plumbers' union will begin accepting applications Wednesday for 20 apprentices.
Applications can be obtained at Local 200 of the United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry, 375 Central Ave., Bohemia, from 10 a.m. to 2 p.m., on the second and fourth Wednesdays of each month, excluding legal holidays.
Applications must be filled out in...Read more »
A top executive at BNY Mellon Wealth Management, one of the largest firms of its kind in the country, will present his 2014 forecast for the national and local economies during a breakfast event on Jan. 9 at Hofstra University.
Leo Grohowski, BNY Mellon's chief investment officer, will present his forecast for economic growth, corporate earnings, interest rates and stock market performance...Read more »
Every year around this time, folks make New Year's resolutions. They resolve to exercise more, lose weight, finally learn to play the banjo. But what about personal finance resolutions?
What do you resolve to do in 2014 to improve your personal financial situation? Vote and leave a comment; results and a selection of comments will appear in the Sunday business section on Jan. 5....Read more »
The Long Island economy continues to show slow signs of recovery: job creation is up, unemployment is down, and fewer homeowners are underwater on their loans. But the recovery has been uneven, and many individuals and companies on Long Island are still feeling the effects of the recession, and that of superstorm Sandy.
How do you think the Island's economy will do in the coming year? Vote...Read more »
Prices in the metropolitan area rose modestly last month compared with a year ago because of higher rents for apartments and homes.
The federal Bureau of Labor Statistics on Tuesday reported its consumer price index for the 31-county region that includes Long Island climbed 1.2 percent in November compared with 2012.
The increase was one of the smallest, year over year, in 2013. Such...Read more »
MONDAY, Dec. 16
EFFECTIVE NETWORKING | East Hills
Learn tips on networking effectively, 11 a.m.-1 p.m., Sid Jacobson JCC, 300 Forest Dr., free, sjjcc.org, 516-484-1545, ext. 212.
SPEAKER ON OBAMACARE | Nesconset
Discussion with Q&A, "Obamacare, Business, Jobs and You," 7 p.m., Smithtown Library Nesconset Branch, 148 Smithtown Blvd., free, smithlib.org, 631-543-3510.
TUESDAY,...Read more »