Business

Keep up with Long Island and national business news, including complete coverage of local companies, technology updates, stock market changes and more.

A developer has proposed converting the Residence Inn

Closed LI hotel may become senior citizen housing

A Washington, D.C., developer proposes to buy the Residence Inn by Marriott in Plainview for $20 million and spend $11 million to convert it to 111 apartments for the elderly.

Business Five quick moves that can add up to big savings
There's plenty you can do in less time than it takes to get a haircut or have your nails done that will pay off financially.
1/20/19
Business Paid Family Leave updates for 2019
Extension of the leave period and an increase in employee contributions will affect payroll deductions and business planning.
1/20/19
Business Getting started on your 401(k)
Many people made the New Year’s resolution to start investing. Make it happen. Sign up ...
1/19/19
Business LI businesses offer freebies to furloughed workers
Rocky Point Italian market has provided free food boxes to 75 families, the owners said.
1/18/19
Business Banks offering help to furloughed workers
The institutions are offering to defer loan payments, waive withdrawal penalties and make interest-free personal loans to help workers who aren't getting paid.
1/18/19
Business Owner: LI toy store to close, cites competition
Justin's Toys in Glen Cove will close next month, forced out of business by online sellers and price competition from big retailers, the co-owner says.
1/18/19
Business Kohl's to close LI store, affecting 81 workers
The store, one of four nationwide to be shuttered, will close "for a variety of reasons, including real estate and other operational costs," the company said in a filing.
1/17/19
Business Perdue recalls over 68,000 pounds of chicken nuggets
Perdue is recalling more than 68,000 pounds of chicken nuggets because they may be contaminated with wood.
1/18/19
Business Tesla plans 7 percent staff cut, says difficult road ahead
Saying the road ahead was "very difficult," Tesla's CEO Elon Musk said Friday that the company would be cutting its staff by about 7 percent.
1/18/19
Business Study: LI is well known, but its attractions are not
When people find out what's here, they are more likely to visit or move here, the research found. It will help Discover Long Island market the area, officials said.
1/17/19