Business

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

Aceto Corp. in Port Washington has named Steven

Bankrupt LI company names new president

Aceto Corp., a drugmaker and seller of chemicals, named Steven S. Rogers as its next president, the company said.

Business Boxers announced for Long Island Fight for Charity
The volunteers, most with no experience in the ring, will spend six months training for the November event, organizers said.

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Business NYS factories, area retailers expect harm from tariffs
Federal Reserve Bank of New York says 64 percent of manufacturers and 59 percent of retailers polled forecast a “negative effect” on their business.
Nassau NuHealth posts $46.6M operating loss for 2018
Officials attribute the large increase over the 2017 loss of $25.7 million in part to the settlement of lawsuits that had been accumulating for many years.
Business Filing: LI aerospace manufacturer to lay off 39
John Hassall LLC, which manufactured parts for the plane Charles Lindbergh flew across the Atlantic, is nearly 170 years old.
Business Facebook plans its own currency for its users
Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency, too.
Business Billionaire taking Sotheby's private in $3.7B deal
The founder and controlling shareholder of Altice purchased the famed auction house through his BidFair USA company.
Business Trump tariffs are set to affect fireworks, and no one's happy
Long Island's Fireworks by Grucci CEO said about 70 percent of the materials in its displays are from China, and any added costs are ultimately passed on to consumers.
Business 4 beach vacations that maximize points and miles
Interest charges, late fees and careless spending on a rewards credit card could cost you more than you can save with points.
Business Porsche dealership has $40 million new home
With a 5-level, 125,000-square-foot facility in Jericho, Porsche Gold Coast can display more than 200 vehicles inside, a spokesman said.
Business Stock trading is muted as investors wait for Fed statement
Stocks moved sideways in afternoon trading Wednesday on Wall Street ahead of a highly anticipated Federal Reserve statement on interest rates.