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LONG ISLAND

Fellowship program gets grant

Sustainable Long Island has received a $25,000 grant for its high school fellowship program from the Manhattan-based Levitt Foundation. The award this month allows the nonprofit to hire Long Island juniors and seniors to work with the staff on community planning and revitalization projects. The fellowship program is in its third year for the group, which studies economic development and environmental health. "With the Levitt Foundation's generous funding, Long Island high school students will be able to see what it's like to work at a nonprofit organization, complete day-to-day tasks, while focusing on numerous projects and planning processes," said Ruth Negrón Gaines, board president for Sustainable Long Island. Students work 20 hours a week during the summer and six during the school year at the Bethpage office of Sustainable Long Island or in their communities. High school juniors and seniors who want the fellowship should submit a letter of interest and resume to Artineh Havan at ahavan@sustainableli.org by May 27. Or call Sustainable Long Island at 516-873-0230. -- ELLEN YAN


LinkedIn 'names' top bosses

Peter, Bob, Deborah, Sally. They may sound like characters in a 1950s children's reader, but actually they're among the top first names for people who are running the world's organizations. They are on LinkedIn's list of the top first names for chief executives around the world announced yesterday. Others include, for men: Jack, Bruce, Fred, Bill, Ron, Christian, Alexander and Don. And for women: Debra, Cynthia, Carolyn, Pamela, Ann, Cheryl, Linda and Janet. It's based on LinkedIn's searching and analyzing profiles of its more than 100 million users. Still, John Caracciolo, chief executive for JVC Broadcasting Co. in Ronkonkoma, takes exception to the list. "I protest," he said. "I know four CEOs , and they're all named John." Still, he said, "maybe we do things differently on Long Island." -- PATRICIA KITCHEN


Exec's book offers cloud tips

A CA Technologies executive has co-authored a new book on cloud-computing strategies and has begun a series of public appearances to talk about the findings in "Visible Ops Private Cloud: From Virtualization to Private Cloud in 4 Practical Steps." Andi Mann, CA's vice president of product marketing, took part in last week's Cloud Slam 2011, in Mountain View, Calif., and is to participate in an industry conference next month in Las Vegas, sponsored by the International Association of Information Technology Asset Managers. CA, a business software maker, is based in Islandia. Cloud computing refers to flexible subscription plans allowing companies to use, and pay for, data storage, software and other resources over the Internet. -- JOSEPH MALLIA


NATION

Fed boss, jobs data lift stocks

Stocks rose to another high for the year yesterday after Federal Reserve Chairman Ben Bernanke said central bank officials expect the economy to continue recovering as the jobs market strengthens. The Russell 2000, a benchmark for small stocks hit a record high. The Dow Jones industrial average rose 95.59 points, or 0.76 percent, to close at 12,690.96. The Dow was already up before Bernanke's appearance and rose another 50 points after the Fed chairman spoke. The last time the Dow was this high was in May 2008. The Standard & Poor's 500 index rose 8.42, or 0.62 percent, to 1,355.66. That was its highest level since June 2008. The index is still 13 percent below the record high of 1,565 it reached in October 2007. The Nasdaq composite index rose 22.34, or 0.78 percent, to 2,869.88. The Russell 2000 index surpassed its record high of 855.77 reached in July 2007 and closed up 5.27, or 0.62 percent, to 858.31. Small stocks have soared since the market's rally began, because they're seen as having the best growth prospects as the economy recovers.

Compiled with wire service reports

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