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LONG ISLAND

 

 

 

Haweeli's PR eyes city eateries

 

Long Island public relations guru Steve Haweeli is packaging his company's expertise for restaurateurs in New York City. Haweeli's East Hampton company, WordHampton Public Relations, is launching a new division called Metro Restaurant Marketing, the company announced Monday. Metro will offer social media, e-marketing and public relations services as a package, using the tagline "Stand out in a city of 24,000 restaurants." WordHampton represents LI restaurants and hotels such as Finnegan's in Huntington, the Garden City Hotel in Garden City and Nick and Toni's in East Hampton. Metro, which officially launches Aug. 15, is already working on projects for three clients. -- Lisa Du

 

 

Suffolk maps out sewer units

 

Suffolk County on Monday has completed what officials called a long-overdue mapping of the county's public and private sewage treatment facilities. County Executive Steve Bellone called the inventory of wastewater treatment infrastructure a first of its kind for Suffolk and said it was "critical" to further economic development and environmental planning. "Now we will have a clear and precise record of every treatment facility, large or small, public or private, operated by federal, state, county, town or village," said Bellone. The inventory found that less than 25 percent of the county is served by sewage treatment facilities, although there are 192 treatment plants. -- Tom Incantalupo

 

 

Public lender faces delisting

 

Manhattan Bridge Capital, a public lending company based in Great Neck, may face delisting from the Nasdaq stock exchange if it cannot get its stock price up. The lender received notice of the potential delisting from Nasdaq Monday because the company's stock has closed below $1 per share for the last 30 business days. Per Nasdaq rules, Manhattan Bridge's stock must close at or above $1 for 10 consecutive business days sometime in the next 180 days to remain on the exchange. Manhattan Bridge, founded in 1989, primarily lends to small businesses. It trades under the ticker symbol LOAN and closed Monday at 92 cents a share. -- Lisa Du

 

 

NEW YORK

 

 

 

Report says Fairway eyeing IPO

 

Fairway Market filed for a confidential initial public offering last week, according to a report from Reuters. Details on the IPO for the upscale grocer are unclear as the company filed under new laws that allow companies with less than $1 billion in annual revenue to declare their intentions to go public confidentially. Fairway does not need to declare its IPO and financial details until three weeks before a road show to market itself to potential investors. Private equity firm Sterling Investment Partners is majority owner of the Manhattan-based chain, which has a store in Plainview and plans to open a Westbury location in two weeks. An assistant at Fairway's general counsel's office said she couldn't comment on any IPO news because it was filed confidentially. -- Lisa Du

 

 

NATION

 

 

 

Fed boss touts fiscal 'well-being'

 

Ben Bernanke wants to know if you're happy. The Federal Reserve chairman said Monday that gauging happiness can be as important for measuring economic progress as determining whether inflation is low or unemployment high. Economics isn't just about money and material benefits; it's also about understanding and promoting "the enhancement of well-being," he said. "We should seek better and more direct measurements of economic well-being," Bernanke said in a speech shown to economists in Cambridge, Mass. Promoting well-being is "the ultimate objective of our policy decisions," he said, acknowledging that many people aren't too happy about the economy right now. -- AP

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