Michaels move to Stony Brook

A Stony Brook shopping center is gaining arts and craft chain Michaels as a tenant and is finalizing another lease to fill a space being vacated by Office Max, according to the center's representative. Michaels will join home improvement retailer Lowe's and sporting goods merchant Sports Authority, opening a store in a 25,000-square-foot space "hopefully in the spring," said Joseph Scimone, executor of Nathan L. Serota's estate. Serota was a pioneering developer of Long Island's shopping centers and the founder of Serota Properties, a Valley Stream commercial real estate firm. Scimone said Michaels is relocating from another center in the area. Another retailer, which he declined to name, is finalizing an agreement to replace Office Max.-- Keiko Morris

Lifetime, Fieri plate up a deal

Garden City-based Lifetime Brands Inc. has signed a licensing agreement with Guy Fieri, the blond, spiked-hair peripatetic star of the Food Network's "Diners, Drive-ins and Dives," to design, manufacture and market a brand of cookware and kitchen gadgets bearing his name. The company announced the agreement in a statement released Tuesday; it didn't disclose any financial terms. Fieri's ware will debut in March at the International Home and Housewares Show in Chicago, Lifetime said.-- Carrie Mason-Draffen

CA boss urges division of power

A business forum headed by the chief executive of Islandia-based business software maker CA Technologies is urging corporate boards to alter their governance policies by formally separating the chief executive and board chairman roles -- positions often held by the same individual. The Chairmen's Forum, a group of 50 corporate chairmen of businesses in the U.S. and Canada who meet twice a year, is currently chaired by CA chief William McCracken. On Tuesday, the forum said corporate boards should adopt language stating that appointing independent board chairmen allows for "clear" board leadership and CEO succession planning. McCracken told The Wall Street Journal Monday that the forum is "in discussions" with the New York Stock Exchange and the Nasdaq Stock Market about including the separation-of-corporate-powers policy in the exchanges' listing rules.-- Jonathan Starkey

New Newsday Media president

Newsday Media Group president Terry Jimenez, who has been responsible for Newsday and other media properties since July 2010, will resign at the end of this month. Newsday publisher Fred Groser will assume Jimenez's responsibilities, overseeing Newsday, the free commuter paper amNewYork, and a set of weekly shopper papers on Long Island. Before joining Newsday as an advertising executive in 2010, Groser served as chief executive of a telephone directory publisher in Houston. Jimenez joined Newsday as chief financial officer in 2005 and was named publisher in September 2009. He previously worked for the Chicago Tribune and as finance director for McDonald's Corp. Newsday Media Group is a subsidiary of Cablevision Systems Corp. -- Jonathan Starkey


Burger King to test delivery

Burger King Holdings Inc., the operator of 7,500 fast-food restaurants in the United States and Canada, is trying out delivery service at some stores in Virginia and Maryland as a possible way to boost sales. The Miami-based chain will expand its test to 16 locations from four by Jan. 23; a representative declined to say whether the service will be offered nationwide. Deliveries, available from 11 a.m. to 10 p.m., cost $2 and there is a minimum order of $8 to $10, depending on the market, according to Burger King's website. Customers can order online or via phone.-- Bloomberg News

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