Inside Long Island Business

Get the latest news and trends on Long Island companies and the people behind them.

Broadridge reports higher sales, profits

Broadridge Financial Solutions reported Thursday, Feb. 7, 2013,

(Credit: Newsday / Alejandra Villa)

Broadridge Financial,  a Lake Success-based company which provides investor communications and securities processing, reported increased sales and profits for its second fiscal quarter as a result of increased business and more distribution fees.

The company had revenues of $493 million in the quarter ending Dec. 31, a three percent increase from $480 million in the same period last year....

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Aeroflex stock up as it beats expected earnings

An electronic component at Aeroflex.

(Credit: Newsday, 2006 / Audrey C. Tiernan)

Shares of Aeroflex Holding Corp. Inc., a Plainview-based maker of wireless communication components, climbed nearly four percent Thursday after the company reported better than expected sales. Aeroflex's stock was up 29 cents, to $7.86 a share, in early trading.

On Wednesday the company released second-quarter earnings, saying it posted to $156 million in sales during in the three months ended...

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Globecomm sales and profits drop

David E. Hershberg is chief executive and chairman

(Credit: Joseph D. Sullivan, 2010)

Globecomm Systems Inc, a Hauppauge company that manufacturers satellite communication devices, reported lower sales and profits for the last quarter due to a drop in government contracts.

The company reported revenue fell to $79.7 million for the quarter ending Dec. 31, a 16.7 percent decrease from the same period in 2011.

Globecomm also reported a 59.1 percent dip in profit compared...

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Home Depot to hire 900 associates on LI for spring

Home Depot has announced that will be hiring

(Credit: James Carbone)

Home Depot plans to hire 900 seasonal sales associates on Long Island in anticipation of a busy spring season, the home improvement chain said Wednesday.

The Long Island hires are part of more than 80,000 temporary employees the store plans to bring on board across the United States for its busiest selling season.

Seasonal workers are typically employed for about three months, and Home...

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Rising food prices push metro shopper confidence down

The Siena College Research Institute Wednesday reported its

(Credit: iStock)

Consumer confidence in the metropolitan region fell this past month on worries about rising food prices.

The Siena College Research Institute Wednesday reported its confidence index for Long Island, New York City and its northern suburbs was 77.9 points in January, a drop of 3.4 from December 2012.

The index hit a five-year high late last year despite the devastation from superstorm...

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Nassau IDA appoints new board member

Union leader John T. Ahern has been appointed to the Nassau County Industrial Development Agency’s board of directors.

Ahern, of Westbury, is business manager of Local 30 of the International Union of Operating Engineers and a former president of the New York City Central Labor Council.

Ahern’s appointment brings the IDA board’s membership to five; a maximum of seven members is permitted.


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CPI Aerostructures revises quarterly sales estimates

CPI Aerostructures chief executive Edward J. Fred on

(Credit: Jeremy Bales, 2012)

Shares of CPI Aerostructures Inc., the Edgewood-based aircraft parts maker, fell sharply Wednesday after the company said fourth quarter sales were unexpectedly low due to fears of sharp cuts to government military spending.

The company, whose stock was down 13 percent, to $10 a share, does not plan to release its fourth-quarter sales figures until March. But CPI officials said revenue sagged...

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Disaster relief clinic to aid Sandy victims at Touro Law

Rockaway homes damaged by superstorm Sandy. (Dec. 25,

(Credit: AP)

The Touro Law Center in Central Islip has opened a Disaster Relief Clinic to offer superstorm Sandy victims free legal aid from law students and volunteer lawyers.

The effort is part of Touro Law's clinical program, which allows students to take on real cases while being supervised by professors as part of their law studies. The clinical program also offers assistance on family law, bankruptcy,...

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FMLA turns 20, agency says law is working

The Family and Medical Leave Act turns 20

(Credit: iStock)

The federal Family and Medical Leave Act turns 20 this year, and the U.S. Labor Department is marking the anniversary by releasing a survey that shows the law helps both companies and employees.

President Bill Clinton signed the FLMA into law in 1993. The act provides eligible employees up to 12 weeks of unpaid leave a year for the birth or adoption of a child or for personal or family medical...

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LI congressional delegation joins push to save Brookhaven's ion collider

President Obama's 2014 budget includes $165 million for

(Credit: Newsday, 2005 / John Paraskevas)

Long Island’s four members of the U.S. House of Representatives have joined the push to increase federal science funding to keep Brookhaven National Laboratory’s ion collider from closing.

The region’s congressional delegation has asked the White House budget office to increase the U.S. Department of Energy’s nuclear physics program by $50 million, echoing a request made Monday by New York...

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