Three LI companies make Fortune 500 list

Three public companies on Long Island made the annual Fortune 500 list, which for the second year in a row was topped by retailer Wal-Mart Stores Inc., the magazine announced Thursday.

Arrow Electronics Inc., a distributor with headquarters in Melville, ranked 140 on the Fortune list, which is based on 2010 revenue. Arrow moved up 17 spots with revenue of $18.7 billion, a 27.7 percent gain from 2009.

Henry Schein Inc., a distributor of medical and dental equipment, also improved in the ranking of the nation's largest businesses.

The Melville-based company climbed 22 spots to 317 with revenue of $7.53 billion last year. That was a 15 percent increase over 2009.

Four spots down, at 321, was Cablevision Systems Corp., the cable television provider that also owns Newsday.

The Bethpage-based business reported 2010 revenue of $7.36 billion, including sales from discontinued operations. That was a reduction of 5.3 percent from a year earlier, when the company ranked 292 on the Fortune 500. The difference was mostly likely due to the spinoff of Madison Square Garden in February 2010.

One area company, CA Technologies Inc. of Islandia, fell off the list because its 2010 revenue was below the list's $4.38-billion cutoff. CA had placed 482 on the previous list.

With 57 companies, New York State earned the title of home to the most corporate giants -- but just barely. California had 53 businesses on the list, and Texas had 51.

Wal-Mart, headquartered in Arkansas, continues to be the biggest public company. Its revenue last year was $421.8 billion, up 3.3 percent from 2009. Oil producer Exxon Mobil of Texas was once again second with revenue of $354.7 billion, a 24.6 percent increase over 2009.