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Pall Corp. revenue up 3.5 percent; other business briefs


Pall revenue up 3.5 percent

Pall Corp., a maker of high-tech filtration devices, said second-quarter revenue climbed 3.5 percent on increased sales to pharmaceutical and biotechnology companies. The Port Washington company, whose products are used to purify water, wine, medicines and many other substances, said sales were $662.5 million during November, December and January, compared to $640 million for the same period last year. Revenue for Pall's largest division, biopharmaceuticals, climbed 8.5 percent, to $218.8 million. The company's net income, however, slipped 9.4 percent, to $76.8 million as its cost of sales increased. The company, founded six decades ago by scientist and inventor David Pall, is among the world's largest manufacturers and distributors of filters. The company has roughly 11,000 employees globally, with an estimated 750 on Long Island. -- Joe Ryan

Amneal gets OK for drug generic

Amneal Pharmaceuticals Llc. has won federal approval for a generic version of Suboxone, a popular medicine used for the treatment of addiction to prescription drugs. The generic tablets, called buprenorphibe hydrochloride and naloxone HCI dehydrate, will be made at Amneal's South Yaphank factory. The federal Food and Drug Administration recently turned down a challenge from Suboxone maker Reckitt Benckiser Healthcare Ltd. Sales of Suboxone topped $1.5 billion in the United States last year, according to the IMS Health news service. New Jersey-based Amneal is in the midst of quadrupling the size of the South Yaphank facility, which would add 400 jobs over five years. -- JAMES T. MADORE

Grocer union authorizes strike vote

The union representing Stop & Shop's meat, seafood and deli workers will hold a strike vote Friday, after almost two years of contract negotiations. United Food and Commercial Workers Local 342, which represents about 800 workers on Long Island, said members are "fed up" with the lengthy bargaining. Their last contract expired in October 2011. A "yes" vote will give union leaders the authority to call a strike. The union said Stop & Shop, which is owned by Dutch supermarket giant Ahold, has proposed to freeze wages for the period since the contract's expiration and to reduce pension benefits, health care coverage and hours for part-time workers. Company spokeswoman Arlene Putterman said Stop & Shop plans to set more dates to negotiate, aiming for a "fair and competitive" package that will allow the company to compete "in an increasingly challenging marketplace." -- Keiko Morris


Source: Flowers wins Wonder bid

Wonder bread could start appearing in school lunchboxes again soon. A person familiar with the situation says a bid by Flowers Foods to buy Wonder and several other bread brands from bankrupt Hostess was met with no qualifying competing offers. The individual requested anonymity. The $360 million bid by Flowers also includes Nature's Pride, Butternut, Home Pride and Merita breads, along with 20 bakeries and 38 depots.

Hyundai nears suit settlement

Hyundai Motor Co. is close to settling 38 federal lawsuits filed after it overstated the fuel economy of its cars. In a filing this week in U.S. District Court in Los Angeles, Hyundai says it will make lump-sum payments to around 600,000 owners of vehicles from the 2011 through 2013 model years, including the Elantra sedan. Payments will vary based on the vehicle and how much its mileage was overstated. Hyundai's sister company, Kia Motors, is still deciding whether to participate in the settlement. About 300,000 Kia owners are affected. The Environmental Protection Agency found inflated numbers on 13 Hyundai and Kia vehicles in November. -- AP

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