Get the latest news and trends on Long Island companies and the people behind them.
Like any employment market that is recovering from an economic slowdown, the Long Island job market is a complex playbook with many different story lines.
The current tale reflects the rise of lower-wage jobs and the decline of higher-paying ones. This characteristic adds an important footnote to the respectable job growth of the past year that has helped Long Island make up jobs lost during...Read more »
Physicist Doon Gibbs, who had been serving as the interim director of Brookhaven National Laboratory, has been named to the post officially, the lab's board of directors announced Friday.
Gibbs became the interim director at the beginning of this year as the search continued for a new leader. Former director Sam Aronson said last February he planned on stepping down at the end of the year...Read more »
It's March Madness time, and that means office pools. Are you the first to fill out your bracket, or does it bug you that people are betting in the office? Do you pore over the stats before you make your picks, or do you select based on who has the cutest uniforms?
Vote and leave a comment; results and a selection of comments will be published in next Sunday's business section....Read more »
Two Long Island nonprofits focused on addressing local housing issues have both received grants of $200,000.
The Medford-based Concern for Independent Living, and the Interfaith Nutrition Network in Hempstead were awarded the grant by Bank of America's charitable arm in a ceremony last week.
Concern for Independent Living provides housing and other services for individuals with disabilities....Read more »
New York State residents lost about $4.5 billion in wages last year because of superstorm Sandy, according federal estimates.
The U.S. Bureau of Economic Analysis said this week that the Oct. 29 storm reduced residents’ combined 2012 earnings of $1 trillion by 0.8 percent.
Figures for Long Island won't be available for months, bureau officials said yesterday. Personal income statewide...Read more »
Suffolk County and the Long Island Rail Road will hold an event April 19 for businesses interested in providing goods and services to the second-track project between Farmingdale and Ronkonkoma.
Officials Tuesday announced plans for an informational event aimed at small businesses and minority- and women-owned companies. It will be held from 10 a.m. to 1 p.m. in Suffolk County Community College’s...Read more »
Shares of Veeco Instruments Inc. jumped 11 percent Monday after analysts said the market for LED manufacturing equipment appeared to have hit bottom and that the company’s accounting issues would most likely be resolved in May.
The Plainview company’s stock hit $38.76 in early trading, up 26 percent from one year ago.
Veeco has postponed releasing its full fourth-quarter sales figures,...Read more »
Top state lawmakers appear to have embraced aspects of Gov. Andrew M. Cuomo’s effort to rein in industrial development agencies.
As part of a deal for the 2013-14 budget, IDAs would be required to return to Albany the state sales tax recouped from businesses that fail to keep promises about jobs and investment, according to legislation filed Sunday night.
IDAs would be restricted in...Read more »
The Long Island Young Entrepreneur Challenge is now taking applications for its competition that gives fledgling entrepreneurs the chance to win $10,000 toward their startup ideas.
The competition is geared toward young Long Islanders between the ages of 17 and 22 to help them get business ideas off the ground. Applicants will have the options of choosing between two tracks -- an entrepreneur...Read more »
The Long Island Forum for Technology will host its third conference focused on composites manufacturing Wednesday.
The event, which in the past touched upon broader topics related to composites, will have a different feel this year in anticipation of LIFT's new composites manufacturing center, which will open in October 2013.
"Because the facility is becoming a reality this year,...Read more »