Inside Long Island Business

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

Bridge Bancorp. to acquire First National Bank of NY

Bridge Bancorp., parent of the 23-branch Bridgehampton National Bank, said Monday it would pay $5.3 million to acquire privately-held First National Bank of New York, which has three branches on Long Island and a lending office in Manhattan.

Bridge said the deal is expected to close in the first quarter of next year. Shareholders of FNBNY will receive 244,110 Bridge shares, valued at $5.3...

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Amneal to buy four drugs from a rival

Amneal Pharmaceuticals LLC announced Monday, Sept. 30, 2013,

(Credit: iStock)

Amneal Pharmaceuticals LLC announced Monday that it plans to buy four generic drugs from a competitor for an undisclosed amount.

Amneal, which has factories in Hauppauge and South Yaphank, said the four products are owned by Actavis Inc. of Parsippany, N.J. Earlier this year, Actavis announced plans to purchase Irish drugmaker Warner Chilcott PLC.

The deal witih Bridgewater, N.J.-based...

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Long Island business events for the week of Sept. 30, 2013

(Sept. 23, 2013)

(Credit: AP)

TUESDAY, Oct. 1

ACG New York panel and reception, Plainview

ACG New York; discussion on attracting and retaining companies on Long Island preceded by cocktail reception and networking, program is followed by question-and-answer session, register, 6 to 8:30 p.m., Ferrari Maserati of Long Island, 65 South Service Rd., $150 in advance; $165 on site, register, acgnyc.org/events, 631-752-7400.

Minimum...

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Cuomo vetoes Sandy aid bill for retailers

Gov. Andrew M. Cuomo attends a Friends of

(Credit: Getty Images)

Gov. Andrew Cuomo has vetoed legislation permitting industrial development agencies to help retailers that are harmed by disasters, such as superstorm Sandy, officials said Saturday.

In a memo, dated Friday, Cuomo said he nixed the bill because it would undercut a provision of the 2013-14 state budget that bars IDAs from aiding stores. Cuomo had pushed for the prohibition.

"This...

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Suffolk events for job seekers

Oakdale resident Damien Brodsky, 26, fills out an

(Credit: Newsday / J. Conrad Williams Jr.)

The Suffolk County One-Stop Employment Center will host a number of companies recruiting for a variety of local jobs over the next three weeks.

The center will also host some events for people considering self-employment.

Renewal by Andersen, the window-replacement company, will be at the One-Stop in Hauppauge on Wednesday from 10 a.m. to 1 p.m., hoping to fill 15 field-marketing representative...

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Groups to launch campaign promoting LI's factories

Suffolk County Community College campus in Brentwood on

(Credit: Ed Betz)

Two business groups and Suffolk County Community College are planning a campaign to raise awareness about the importance of manufacturing to Long Island’s economy, officials said.

Despite a long-term decline in local factory payrolls, manufacturing remains a big employer and source of revenue from outside Nassau and Suffolk counties, the officials said. They plan to seek more governmental...

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LGBT expo this weekend with job fair on LI

The Long Island GLBT Services Network will hold its fifth annual expo Sunday.

More than 3,500 people are expected to attend the event, which will run from noon to 5 p.m. at the Hilton Long Island in Melville. Admission is free.

At the expo, Prudential will hold a job fair, where the company and a few other businesses will take resumes from job seekers.

The LI GLBT Network has also...

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MSC moves into 2nd headquarters in N.C.

Erik Gershwind, MSC Industrial Supply's chief executive and

(Credit: Newsday / Thomas A. Ferrara)

MSC Industrial Direct Co., one of the largest public companies headquartered on Long Island, has moved into its brand-new co-headquarters in Davidson, N.C.

The Melville-based supplier of industrial tools and supplies said last year that it planned to build a second headquarters in Davidson, a Charlotte suburb, to have more access to employees with industrial skills. It has also said it has...

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Two Long Island hotels sold

Two Long Island mid-price hotels have switched hands as part of a package deal between Hersha Hospitality Trust and an affiliate of Blackstone Real Estate Advisors.

Philadelphia-based Hersha, a real estate investment trust, said Tuesday it had sold a portfolio of 16 hotels -- including the Hampton Inn in Farmingville and the Holiday Inn Express in Hauppauge -- to Blackstone for $217 million....

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Hewlett building purchased for Mount Sinai medical office

An office building in Hewlett has been purchased and will be redeveloped into a medical office by Simone Healthcare Development Group for the Icahn School of Medicine at Mount Sinai.

The purchase price for the 12,000-square-feet facility at 1436 Broadway, the site of a former Verizon Communications office, was not disclosed. Simone plans on revamping the exterior and interior of the building...

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