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 LI businesses offer freebies to furloughed workers
Rocky Point Italian market has provided free food boxes to 75 families, the owners said.
2 m ago
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.
6:00 AM
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.
11:48 AM
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.
11:53 AM
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
Business LI employment grew 17,800 in Dec. over 2017
Long Island's job market rounded out 2018 with its best showing in months, state data ...
2:56 AM
Business Gymboree files bankruptcy; stores to close
The children's clothing retailer said it will attempt to sell its Janie and Jack business and online business.
8:40 AM
Business Millennial 'pet parents' boost LI pooch businesses
Millennials delaying or forgoing having children are opening their hearts — and wallets — to ...
1/17/19
Business Paul Pitsironis hired at Janney Montgomery Scott
Paul Pitsironis of Dix Hills has been hired as first vice president at Janney Montgomery Scott advisers in Melville.
1/17/19