NYS program saves 300 LI jobs
NYS program saves 300 LI jobs
The state's Shared Work program, whose aim is to avert layoffs, saved 300 jobs on Long Island in 2012, nearly one-tenth of the jobs saved statewide, the Labor Department said Tuesday. That's down, however, from 350 in 2011. And the numbers also declined in other regions around the state, something the Labor Department attributed to improved economic conditions. Under the program, employees whose hours are reduced at participating companies can apply for partial unemployment benefits to make up for the lost wages. The program also allows them to keep their benefits such as health insurance and vacation days. On Long Island the number of workers participating in the program fell to 1,160 in 2012, compared with 1,350 the year before. The number of plans approved dropped to 145 from 175 in 2011. Statewide, 3,280 jobs were saved, and 12,610 employees participated. To apply for the program, employers can call the department at 518- 457-5807.-- Carrie Mason-Draffen
Start-up magnet effort launches
New York City is set on becoming a haven for high-tech start-ups, and officials are taking new steps to make sure everyone knows it. Mayor Michael Bloomberg unveiled a website Tuesday to showcase what's going on in technology in the city. The "We Are Made in NY" site includes links to organizations that offer subsidized office space for start-ups, information on computer coding classes and a map showing which companies are hiring. The city also will highlight New York-based tech companies in subway and bus ads. Bloomberg predicted in 2011 that New York could someday surpass California's Silicon Valley as a tech start-up capital. He said Tuesday the city is "on the right path," though not there yet. Nearly 500 New York-based digital start-ups have gotten investor money since 2007.
Jeep's Twitter account hacked
A Chrysler spokesman says someone hacked into the Jeep brand's Twitter account Tuesday afternoon, making false tweets for about an hour. The move was similar to an incident involving Burger King on Monday, although it's unclear if the two are linked. Hackers posted that the Jeep brand had been sold to Cadillac because employees had been caught using pills. They also posted that there would be no more Jeep production. Chrysler spokesman Ed Garsten said the company's social media agency got help from Twitter to regain control.
Air carriers combine booking
Southwest Airlines Co. and its subsidiary AirTran Airways have combined more booking systems to make it easier to purchase flights on both. Dallas-based Southwest announced customers will soon be able to book flights to any of the combined 97 destinations of the two carriers -- including international -- in one transaction. Southwest completed its acquisition of AirTran in May 2011. The carriers last month began offering shared itineraries in five markets; both networks should fully connect in April.
Dell Inc. sales, profits decline
Dell Inc. Tuesday posted another quarter of declining sales and profits, the type of results that have disenchanted shareholders and prompted a buyout agreement. Two weeks ago, Dell chief executive Michael Dell and a group of investors agreed to buy the company for $24.4 billion with a plan to turn it around. The company posted net income of $530 million, or 30 cents a share, for the quarter ended Feb. 1, down from $764 million, or 43 cents a share, a year ago. Revenue was $14.3 billion, down 11 percent. Dell's stock rose to $13.94 in after-hours trading -- 29 cents above the buyout offer, indicating investors believe there's some chance of an improved bid. -- APWORLD